BVC:DESCAUCANO Cash Flow Statement

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

Millions COP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	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	2016 - 2020
Net Income	-36,377	-36,237	-1,588	-531.12	-331.4	-98.51	Upgrade
Depreciation & Amortization	214.24	217.2	209.55	191.8	216.5	260.32	Upgrade
Asset Writedown & Restructuring Costs	24.78	24.78	-	-	-	-43.64	Upgrade
Loss (Gain) on Equity Investments	-831.28	-	2,101	1,447	1,834	526.42	Upgrade
Provision & Write-off of Bad Debts	31,580	31,580	110.8	-	-	-	Upgrade
Other Operating Activities	241.08	483.68	-842.24	-1,280	-328.15	118.25	Upgrade
Change in Accounts Receivable	1,107	-1,026	1,368	962.83	3,095	-271.06	Upgrade
Change in Inventory	1,149	986.54	1,584	934.71	-323.43	-205.05	Upgrade
Change in Accounts Payable	-1,625	-430.61	1,131	906.37	-1,120	1,325	Upgrade
Change in Income Taxes	-19.2	-83.74	-164.38	-146.04	-138.53	-128.52	Upgrade
Change in Other Net Operating Assets	52.71	18.45	28.18	10.82	50.19	-6.81	Upgrade
Operating Cash Flow	-4,485	-4,468	3,939	2,497	2,954	1,477	Upgrade
Operating Cash Flow Growth	-	-	57.71%	-15.45%	100.00%	-53.73%	Upgrade
Capital Expenditures	-54.27	-110.3	-152.52	-253.31	-118.48	-124.86	Upgrade
Investment in Securities	4,568	4,582	-2,531	-937.37	-894.46	-582.98	Upgrade
Investing Cash Flow	4,514	4,472	-2,683	-1,191	-1,013	-707.84	Upgrade
Long-Term Debt Repaid	-	-0.28	-591.26	-937.66	-700.15	-766.42	Upgrade
Net Debt Issued (Repaid)	-29.54	-0.28	-591.26	-937.66	-700.15	-766.42	Upgrade
Repurchase of Common Stock	-	-	-287.08	-	-	-	Upgrade
Other Financing Activities	-	-	-378.11	-369.37	-1,243	-	Upgrade
Financing Cash Flow	-29.54	-0.28	-1,256	-1,307	-1,943	-766.42	Upgrade
Net Cash Flow	-0.44	3.64	-0.96	-0.39	-2.06	2.51	Upgrade
Free Cash Flow	-4,539	-4,578	3,786	2,244	2,835	1,352	Upgrade
Free Cash Flow Growth	-	-	68.72%	-20.85%	109.71%	-56.93%	Upgrade
Free Cash Flow Margin	-102.15%	-97.16%	92.84%	58.86%	79.10%	57.49%	Upgrade
Free Cash Flow Per Share	-280.98	-283.40	234.38	137.30	173.46	82.72	Upgrade
Cash Interest Paid	-	-	378.11	369.37	301.82	431.07	Upgrade
Levered Free Cash Flow	254.91	16,942	2,550	756.15	1,186	397.89	Upgrade
Unlevered Free Cash Flow	411.16	17,167	2,919	1,118	1,483	808.76	Upgrade
Change in Working Capital	664.53	-535.8	3,947	2,669	1,563	713.94	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.