BVC:DESCAUCANO Cash Flow Statement

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

Millions COP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	453.35	-36,237	-1,588	-531.12	-331.4
Depreciation & Amortization	218.61	217.2	209.55	191.8	216.5
Asset Writedown & Restructuring Costs	37.94	24.78	-	-	-
Loss (Gain) on Equity Investments	-	-	2,101	1,447	1,834
Provision & Write-off of Bad Debts	-	31,580	110.8	-	-
Other Operating Activities	-1,299	483.68	-842.24	-1,280	-328.15
Change in Accounts Receivable	301.74	-1,026	1,368	962.83	3,095
Change in Inventory	1,127	986.54	1,584	934.71	-323.43
Change in Accounts Payable	-583.57	-430.61	1,131	906.37	-1,120
Change in Income Taxes	-46.03	-83.74	-164.38	-146.04	-138.53
Change in Other Net Operating Assets	63.16	18.45	28.18	10.82	50.19
Operating Cash Flow	273.07	-4,468	3,939	2,497	2,954
Operating Cash Flow Growth	-	-	57.71%	-15.45%	100.00%
Capital Expenditures	-246.58	-110.3	-152.52	-253.31	-118.48
Investment in Securities	-	4,582	-2,531	-937.37	-894.46
Investing Cash Flow	-246.58	4,472	-2,683	-1,191	-1,013
Long-Term Debt Repaid	-29.74	-0.28	-591.26	-937.66	-700.15
Net Debt Issued (Repaid)	-29.74	-0.28	-591.26	-937.66	-700.15
Repurchase of Common Stock	-	-	-287.08	-	-
Other Financing Activities	-	-	-378.11	-369.37	-1,243
Financing Cash Flow	-29.74	-0.28	-1,256	-1,307	-1,943
Net Cash Flow	-3.25	3.64	-0.96	-0.39	-2.06
Free Cash Flow	26.49	-4,578	3,786	2,244	2,835
Free Cash Flow Growth	-	-	68.72%	-20.85%	109.71%
Free Cash Flow Margin	0.67%	-97.16%	92.84%	58.86%	79.10%
Free Cash Flow Per Share	1.64	-283.40	234.38	137.30	173.46
Cash Interest Paid	-	-	378.11	369.37	301.82
Levered Free Cash Flow	-301.87	16,942	2,550	756.15	1,186
Unlevered Free Cash Flow	-251.96	17,167	2,919	1,118	1,483
Change in Working Capital	862.6	-535.8	3,947	2,669	1,563