Bulgarian Real Estate Fund REIT (BUL: BREF)

BREF Cash Flow Statement

Financials in millions BGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	18.02	16.49	12.53	3.91	2.84	5.01
Depreciation & Amortization	0.01	0.01	0.01	0.03	0.02	0.02
Gain (Loss) on Sale of Assets	-0.03	-0.03	-4.58	-0.07	-	-
Asset Writedown	-13.94	-13.94	-6.29	-0.57	-	-
Change in Accounts Receivable	-0.69	-0.69	0.27	0.31	-	-
Change in Accounts Payable	-0.23	-0.23	-0.51	1.74	-	-
Other Operating Activities	1.95	0.94	0.93	0.75	0.69	-0.72
Operating Cash Flow	5.1	2.56	2.39	6.12	3.55	4.31
Operating Cash Flow Growth	0.89%	6.95%	-60.97%	72.51%	-17.61%	33.28%
Acquisition of Real Estate Assets	-2.65	-1.23	-3.99	-35.82	-	-
Sale of Real Estate Assets	0.3	0.58	15.64	0.88	-	0.58
Net Sale / Acq. of Real Estate Assets	-2.36	-0.65	11.65	-34.94	-	0.58
Investment in Marketable & Equity Securities	-	-	-	-	-16.67	-8.47
Investing Cash Flow	-2.36	-0.65	11.65	-34.94	-16.67	-7.89
Long-Term Debt Issued	-	-	1.5	31.7	-	-
Long-Term Debt Repaid	-	-4.48	-3.08	-1.27	-1.21	-1.17
Net Debt Issued (Repaid)	-4.59	-4.48	-1.58	30.44	-1.21	-1.17
Common Dividends Paid	-0.08	-3.91	-1.68	-2.88	-4.3	-3.45
Total Dividends Paid	-0.08	-3.91	-1.68	-2.88	-4.3	-3.45
Other Financing Activities	-0.95	-0.88	-0.88	-0.67	-0.24	-0.29
Net Cash Flow	-2.87	-7.37	9.91	-1.92	-18.87	-8.49
Cash Interest Paid	0.94	0.88	0.88	0.67	0.24	0.27
Levered Free Cash Flow	-17	-3.27	5.1	2.61	2.74	3.3
Unlevered Free Cash Flow	-16.38	-2.68	5.67	3.08	2.9	3.48
Change in Net Working Capital	19.54	4.84	-1.2	-0.5	-0.07	-0.51

Source: S&P Capital IQ. Real Estate template. Financial Sources.