Bulgartabac Holding AD Cash Flow Statement

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

Millions BGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	14.77	-1.79	35.08	-66.93	5.91
Depreciation & Amortization	5.5	6.4	9.34	10.89	9.75
Other Amortization	0.13	0.13	0.36	0.44	0.73
Loss (Gain) From Sale of Assets	-14.32	-8.49	-30.52	-17.08	-11.52
Asset Writedown & Restructuring Costs	0.43	0.6	-3.86	7.54	0.28
Loss (Gain) From Sale of Investments	-	-	-	-	2.43
Loss (Gain) on Equity Investments	1.56	1.27	0.14	0.06	-
Other Operating Activities	-8.6	12.67	-13.41	3.33	1.8
Change in Accounts Receivable	149.31	-47.65	-94.42	-18.53	-92.5
Change in Inventory	5.97	-10.76	-3.88	1.76	14.69
Change in Accounts Payable	-158.24	21.23	94.65	121.66	12.54
Change in Other Net Operating Assets	99.64	19.5	-5.06	30.43	-19.31
Operating Cash Flow	96.14	-6.87	-11.59	73.57	-75.21
Capital Expenditures	-131.18	-15.69	-73.05	-57.58	-0.31
Sale of Property, Plant & Equipment	5.17	9.97	50.73	22	15.25
Divestitures	28	-	-	-	5.87
Other Investing Activities	-	-0.38	-0.31	0.03	-
Investing Cash Flow	-98.02	-6.1	-22.62	-35.56	20.81
Long-Term Debt Issued	34.2	20.95	-	-	-
Total Debt Issued	34.2	20.95	-	-	-
Long-Term Debt Repaid	-0.9	-6.29	-14.18	-26.05	-12.36
Total Debt Repaid	-0.9	-6.29	-14.18	-26.05	-12.36
Net Debt Issued (Repaid)	33.3	14.66	-14.18	-26.05	-12.36
Other Financing Activities	-22.88	-1.72	-8.18	-5.25	5.83
Financing Cash Flow	10.42	12.94	-22.36	-31.31	-6.53
Miscellaneous Cash Flow Adjustments	-0.82	0	-0.64	-	-0.33
Net Cash Flow	7.72	-0.02	-57.22	6.71	-61.26
Free Cash Flow	-35.04	-22.56	-84.64	15.99	-75.53
Free Cash Flow Margin	-36.43%	-16.35%	-42.38%	10.92%	-62.83%
Free Cash Flow Per Share	-4.76	-3.06	-11.49	2.17	-10.25
Cash Interest Paid	-	-	-	5	6.84
Levered Free Cash Flow	-49.25	-33.95	-86.77	-12.08	-29.12
Unlevered Free Cash Flow	-43.62	-27.69	-82	-7.53	-24.58
Change in Working Capital	96.67	-17.67	-8.72	135.32	-84.59

Source: S&P Global Market Intelligence. Standard template. Financial Sources.