BVC:PEI 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	517,312	509,241	723,751	763,968	294,973
Depreciation & Amortization	537.35	273.34	177.5	86.13	60.7
Other Amortization	124.19	161.6	167.56	167.56	-
Gain (Loss) on Sale of Assets	-20,685	211.69	-591.5	-	-
Asset Writedown	-243,206	-348,097	-656,994	-614,934	-110,390
Change in Accounts Receivable	-4,484	9,154	-1,779	-9,963	13,275
Change in Accounts Payable	15,735	-9,969	-9,178	17,520	32,835
Change in Other Net Operating Assets	467.72	3,819	-9,536	-3,582	-4,606
Other Operating Activities	309,995	381,472	439,810	261,665	-
Operating Cash Flow	576,170	548,373	486,480	404,548	241,236
Operating Cash Flow Growth	5.07%	12.72%	20.25%	67.70%	138.77%
Acquisition of Real Estate Assets	-191,407	-94,669	-76,557	-305,289	-649,588
Sale of Real Estate Assets	67,733	10,234	4,827	-	-
Net Sale / Acq. of Real Estate Assets	-123,675	-84,435	-71,730	-305,289	-649,588
Investment in Marketable & Equity Securities	-	-	-	-	104,022
Investing Cash Flow	-123,675	-84,435	-71,730	-305,289	-545,566
Long-Term Debt Issued	227,689	253,498	134,450	369,354	667,173
Long-Term Debt Repaid	-581,516	-174,435	-50,527	-23,910	-114,648
Net Debt Issued (Repaid)	-353,827	79,063	83,924	345,445	552,525
Issuance of Common Stock	498,074	-	-	-	-
Repurchase of Common Stock	-	-	-	-12,223	-
Common Dividends Paid	-225,066	-136,095	-63,146	-175,620	-225,070
Other Financing Activities	-322,935	-383,904	-447,860	-254,599	-1,197
Net Cash Flow	48,742	23,001	-12,332	2,262	21,929
Cash Interest Paid	322,935	383,904	447,860	252,500	-
Levered Free Cash Flow	-279,510	110,436	9,717	86,837	174,120
Unlevered Free Cash Flow	-85,809	348,796	284,535	255,237	245,212
Change in Working Capital	10,829	2,864	-18,772	-13,263	63,244