BVMF:CEED3 Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	-438.89	-451.56	-266.17	-394.23	-1,623	Upgrade
Depreciation & Amortization	158.28	148.87	164.34	154.77	146.29	Upgrade
Loss (Gain) on Sale of Assets	-	-	-	-26.99	-	Upgrade
Loss (Gain) on Sale of Investments	-29.63	-24.8	-31.72	-112.61	-10.11	Upgrade
Asset Writedown	32.52	-29.61	89.23	72.92	89.65	Upgrade
Change in Accounts Receivable	-178.29	-81.23	-123.67	-400.44	-220.26	Upgrade
Change in Inventory	-3.94	31.71	-29.62	6.62	15.82	Upgrade
Change in Accounts Payable	-200.93	-81.55	-18.85	-394.63	29.3	Upgrade
Change in Income Taxes	273.71	397.99	281.6	905.57	1,390	Upgrade
Change in Other Net Operating Assets	-252.71	-471.83	-146.74	-333.92	-77.4	Upgrade
Other Operating Activities	-87.24	154.3	432.64	39.53	252.72	Upgrade
Operating Cash Flow	-601.99	-323.73	404.09	-416.66	159.69	Upgrade
Capital Expenditures	-	-	-	-11.89	-2.81	Upgrade
Sale (Purchase) of Intangibles	-788.78	-633.43	-646.76	-433.94	-153.2	Upgrade
Investment in Securities	53.29	-152.58	19.47	-461.86	-	Upgrade
Other Investing Activities	-	-	-	46.18	27.78	Upgrade
Investing Cash Flow	-735.49	-786	-627.29	-861.5	-128.23	Upgrade
Long-Term Debt Issued	1,537	2,189	650	2,489	-	Upgrade
Long-Term Debt Repaid	-580.42	-1,030	-528.44	-748.74	-144.45	Upgrade
Net Debt Issued (Repaid)	956.43	1,160	121.56	1,740	-144.45	Upgrade
Issuance of Common Stock	-	-	-	-	92.81	Upgrade
Financing Cash Flow	956.43	1,160	121.56	1,740	-51.64	Upgrade
Net Cash Flow	-381.06	49.88	-101.63	461.89	-20.18	Upgrade
Free Cash Flow	-601.99	-323.73	404.09	-428.55	156.88	Upgrade
Free Cash Flow Margin	-11.27%	-6.75%	9.04%	-8.77%	4.43%	Upgrade
Free Cash Flow Per Share	-	-4.74	5.92	-6.28	16.21	Upgrade
Cash Interest Paid	-	530.55	177	32.98	48.58	Upgrade
Cash Income Tax Paid	-	7.55	-	-	-	Upgrade
Levered Free Cash Flow	-2,507	-33.02	-495.3	-1,278	-3,498	Upgrade
Unlevered Free Cash Flow	-1,543	193.77	-305.72	-1,132	-2,594	Upgrade
Change in Net Working Capital	1,090	-406.27	9.87	932.81	2,206	Upgrade

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