Grupo Bolívar S.A. (BVC: GRUBOLIVAR)

Grupo Bolívar Cash Flow Statement

Financials in millions COP. 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	506,464	291,877	1,061,505	925,434	401,095	1,226,985
Depreciation & Amortization	406,065	352,698	332,620	314,897	316,136	284,381
Other Amortization	55,781	55,781	40,385	25,157	26,143	24,606
Gain (Loss) on Sale of Assets	24,878	24,894	-4,603	8,723	-1,902	-5,013
Gain (Loss) on Sale of Investments	-3,639,397	-2,647,172	-2,407,161	-1,079,547	-1,775,307	-1,306,227
Total Asset Writedown	-79,469	79,628	35,806	78,865	86,392	72,813
Provision for Credit Losses	5,826,750	6,656,431	4,339,084	3,820,384	4,429,546	2,789,260
Net Decrease (Increase) in Loans Originated / Sold - Operating	350,777	353,871	247,120	-	-	-
Change in Trading Asset Securities	19,352,302	21,987,389	19,348,081	7,727,771	11,355,469	-81,513
Change in Accounts Payable	1,274,206	960,557	2,033,867	921,578	387,979	43,968
Change in Income Taxes	959,695	814,399	-590,567	-323,922	104,065	-108,633
Change in Other Net Operating Assets	-31,192,002	-28,207,258	-46,237,033	-25,297,799	-23,340,265	-16,346,646
Other Operating Activities	780,858	296,268	5,132,847	2,197,685	-247,573	2,197,425
Operating Cash Flow	-5,443,764	924,996	-17,324,329	-10,387,765	-8,950,963	-10,372,694
Capital Expenditures	-156,799	-190,125	-195,079	-514,139	-408,135	-153,404
Sale of Property, Plant and Equipment	10,764	13,440	25,092	32,987	23,074	9,054
Investment in Securities	-999,416	-608,650	-2,933,288	-560,950	-2,617,122	577,781
Income (Loss) Equity Investments	179,446	138,708	37,391	-70,507	-32,809	-50,260
Purchase / Sale of Intangibles	-161,756	-168,462	-190,466	-	-	-
Other Investing Activities	155,354	157,288	62,996	52,841	54,222	81,173
Investing Cash Flow	-1,133,539	-784,544	-3,220,906	-971,144	-2,943,274	520,234
Long-Term Debt Issued	-	9,784,046	21,288,740	13,171,457	16,095,988	16,572,495
Long-Term Debt Repaid	-	-12,479,693	-18,789,746	-11,864,452	-14,856,522	-14,269,315
Net Debt Issued (Repaid)	-4,553,606	-2,695,647	2,498,994	1,307,005	1,239,466	2,303,180
Common Dividends Paid	-371,939	-392,210	-370,604	-112,033	-115,855	-101,758
Net Increase (Decrease) in Deposit Accounts	8,485,102	4,475,142	18,925,904	12,098,077	12,009,355	7,982,092
Financing Cash Flow	3,559,557	1,387,285	21,054,294	13,293,049	13,132,966	10,183,514
Foreign Exchange Rate Adjustments	337,560	-874,494	871,567	427,756	-81,897	-59,637
Net Cash Flow	-2,680,186	653,243	1,380,626	2,361,896	1,156,832	271,418
Free Cash Flow	-5,600,563	734,871	-17,519,408	-10,901,904	-9,359,098	-10,526,098
Free Cash Flow Margin	-86.56%	11.67%	-225.18%	-162.46%	-170.08%	-155.62%
Free Cash Flow Per Share	-69777.05	9290.47	-221520.86	-137888.59	-118419.38	-133237.84
Cash Interest Paid	12,639,820	12,161,672	6,511,952	2,650,904	3,960,426	3,269,344
Cash Income Tax Paid	1,076,943	598,646	394,157	264,481	295,739	282,330

Source: S&P Capital IQ. Banks template. Financial Sources.