BVMF:BBFI11 Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	2012 - 2016
Period Ending	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	2012 - 2016
Net Income	83.83	-39.97	47.66	85	-88.6	Upgrade
Other Operating Activities	-40.79	78.81	-7.69	-48.08	126.47	Upgrade
Operating Cash Flow	43.04	38.85	39.97	36.92	37.88	Upgrade
Operating Cash Flow Growth	10.79%	-2.80%	8.25%	-2.53%	7.89%	Upgrade
Acquisition of Real Estate Assets	-1.74	-0.13	-0.09	-0.05	-	Upgrade
Net Sale / Acq. of Real Estate Assets	-1.74	-0.13	-0.09	-0.05	-	Upgrade
Other Investing Activities	1.11	0.62	1.09	0.96	-	Upgrade
Investing Cash Flow	-0.63	0.5	1	0.92	-	Upgrade
Common Dividends Paid	-41.81	-36.95	-38.5	-35.3	-36.19	Upgrade
Other Financing Activities	0.01	-0.01	0.02	-	-	Upgrade
Net Cash Flow	0.6	2.38	2.48	2.54	1.68	Upgrade
Cash Income Tax Paid	0.19	0.14	-	0.39	0.71	Upgrade
Levered Free Cash Flow	28.84	23.97	48.65	21.78	20.55	Upgrade
Unlevered Free Cash Flow	28.84	23.97	48.65	21.78	20.55	Upgrade
Change in Net Working Capital	-1.53	2.17	-23.67	1.23	2.15	Upgrade

Updated Jul 20, 2007. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.