Santierul Naval Constanta Cash Flow Statement

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

Millions RON. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Jan '20 Jan 1, 2020
Net Income	7.61	18.91	-8.75	2.38	-26.19
Depreciation & Amortization	6.06	5.64	6.17	6.84	7.33
Loss (Gain) From Sale of Assets	0.19	0.06	-	-0	-0
Provision & Write-off of Bad Debts	1.48	0.81	-	-	-
Other Operating Activities	11.43	-24.38	35.55	-7.43	3.21
Change in Accounts Receivable	8.91	-10.32	7.31	0.45	-4.14
Change in Inventory	-94.92	93.46	-83.52	53.49	40.67
Change in Accounts Payable	104.02	-46.56	22.4	-40.17	-57.75
Operating Cash Flow	44.78	37.62	-20.84	15.56	-36.86
Operating Cash Flow Growth	19.03%	-	-	-	-
Capital Expenditures	-16.83	-0.99	-3.18	-0.98	-3.19
Other Investing Activities	0.56	0.03	0	0	0
Investing Cash Flow	-16.27	-0.96	-3.18	-0.98	-3.19
Short-Term Debt Issued	-	0.74	38.37	-	30.46
Long-Term Debt Issued	-	-	0.03	-	-
Total Debt Issued	-	0.74	38.4	-	30.46
Short-Term Debt Repaid	-33.1	-48.52	-	-8.43	-
Long-Term Debt Repaid	-	-	-	-0.56	-0.7
Total Debt Repaid	-33.1	-48.52	-	-8.99	-0.7
Net Debt Issued (Repaid)	-33.1	-47.78	38.4	-8.99	29.76
Financing Cash Flow	-33.1	-47.78	38.4	-8.99	29.76
Miscellaneous Cash Flow Adjustments	0	-	-	0	-
Net Cash Flow	-4.59	-11.12	14.38	5.58	-10.28
Free Cash Flow	27.95	36.63	-24.02	14.57	-40.04
Free Cash Flow Growth	-23.71%	-	-	-	-
Free Cash Flow Margin	19.13%	11.54%	-11.58%	6.42%	-16.06%
Free Cash Flow Per Share	0.43	0.56	-0.37	0.22	-0.62
Cash Interest Paid	1.86	1.02	0.48	1.08	1.2
Cash Income Tax Paid	1.84	-	-	-	-
Levered Free Cash Flow	-146.02	43.82	-19.43	3.32	-25.65
Unlevered Free Cash Flow	-144.86	44.64	-14.58	8.33	-24.9
Change in Working Capital	18.01	36.58	-53.8	13.76	-21.21

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