BVMF:CGAS5 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	1,546	1,792	1,409	1,811	2,119
Depreciation & Amortization	688.42	653.44	575.79	498.49	436.09
Loss (Gain) on Sale of Assets	43.76	58.97	30.19	45.19	21.08
Stock-Based Compensation	0.2	-	5	2.34	3.63
Change in Accounts Receivable	499.37	-51.47	344.1	-197.78	-376.13
Change in Inventory	-3.83	-18.07	-32.29	-3.11	-7.29
Change in Accounts Payable	-508.9	-141.9	-186.43	-175.84	468.38
Change in Income Taxes	-551.41	-859.66	-	-	-
Change in Other Net Operating Assets	-172.61	117.65	-396.84	8.18	-438.53
Other Operating Activities	1,932	1,313	1,673	1,438	283.91
Operating Cash Flow	3,514	2,882	3,432	3,439	2,508
Operating Cash Flow Growth	21.95%	-16.03%	-0.23%	37.11%	19.65%
Sale of Property, Plant & Equipment	1.64	1.5	4.64	8.32	6.81
Sale (Purchase) of Intangibles	-1,453	-1,503	-1,500	-1,188	-1,027
Investment in Securities	-260.12	-127.75	-159.28	532.48	-4.91
Investing Cash Flow	-1,711	-1,629	-1,654	-646.72	-1,025
Long-Term Debt Issued	2,453	3,703	1,338	2,474	1,558
Long-Term Debt Repaid	-2,970	-1,171	-1,552	-2,282	-1,770
Net Debt Issued (Repaid)	-516.29	2,531	-213.86	192	-212.47
Common Dividends Paid	-1,194	-2,735	-430.12	-1,873	-1,650
Other Financing Activities	-1,020	-705.53	-529.47	-762.43	-340.15
Financing Cash Flow	-2,731	-909.54	-1,173	-2,443	-2,202
Net Cash Flow	-927.75	343.28	603.88	349.61	-718.9
Free Cash Flow	3,514	2,882	3,432	3,439	2,508
Free Cash Flow Growth	21.95%	-16.03%	-0.23%	37.11%	19.65%
Free Cash Flow Margin	30.32%	18.66%	22.64%	20.23%	21.42%
Free Cash Flow Per Share	26.52	21.74	25.88	25.92	18.89
Cash Interest Paid	632.58	377.6	341.22	472.42	419.72
Levered Free Cash Flow	388.4	18.99	1,572	86.67	286.44
Unlevered Free Cash Flow	989.6	500.36	1,936	629.41	781.71
Change in Working Capital	-737.37	-953.46	-271.46	-368.54	-353.57

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