Americanas Cash Flow Statement

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

Millions BRL. 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	-271	8,281	-2,272	-13,220	-6,237
Depreciation & Amortization	808	888	1,265	1,065	593.1
Other Amortization	-	-	90	543	454.91
Asset Writedown & Restructuring Costs	-123	185	-518	2,363	1,623
Loss (Gain) on Equity Investments	-	-	2	-7	83.81
Other Operating Activities	-779	-11,431	-1,753	1,651	196.71
Change in Accounts Receivable	189	431	1,735	1,493	-3,964
Change in Inventory	-216	443	2,035	2,444	-1,124
Change in Accounts Payable	138	-1,862	-902	-4,388	3,530
Change in Income Taxes	679	-77	765	290	-1,265
Change in Other Net Operating Assets	-100	-495	-952	1,691	3,544
Operating Cash Flow	527	-3,523	-245	-6,075	-2,565
Capital Expenditures	-205	-72	-329	-647	-445.56
Cash Acquisitions	-	-	-	-22	-2,307
Divestitures	-	-	-	-	5,472
Sale (Purchase) of Intangibles	-	-	-85	-2,133	-1,168
Investment in Securities	-4	2,010	1,655	607	1,976
Other Investing Activities	-123	-28	-260	1	-
Investing Cash Flow	-332	1,910	981	-2,194	3,527
Long-Term Debt Issued	-	3,488	1,803	8,951	1,389
Long-Term Debt Repaid	-366	-2,540	-3,258	-1,993	-46.2
Net Debt Issued (Repaid)	-366	948	-1,455	6,958	1,343
Issuance of Common Stock	-	1,481	-	345	54.51
Repurchase of Common Stock	-	-	-	-589	-227.61
Common Dividends Paid	-	-	-	-333	-
Other Financing Activities	-79	-1,445	-2	1,739	-6,140
Financing Cash Flow	-445	984	-1,457	8,120	-4,971
Net Cash Flow	-250	-629	-721	-149	-4,008
Free Cash Flow	322	-3,595	-574	-6,722	-3,010
Free Cash Flow Margin	2.62%	-28.87%	-3.89%	-26.03%	-13.37%
Free Cash Flow Per Share	2.21	-30.37	-63.60	-744.80	-401.66
Cash Interest Paid	463	525	780	2,262	1,498
Cash Income Tax Paid	4	-	-	10	17.32
Levered Free Cash Flow	-110.25	-21,454	-1,576	-4,952	11,329
Unlevered Free Cash Flow	437.88	-19,296	908	-2,758	12,364
Change in Working Capital	690	-1,560	2,681	1,530	721.22

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