BVMF:CSED3 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	144.31	100.46	6.61	82.96
Depreciation & Amortization	227.33	219.53	238.77	195.53
Other Amortization	27.98	45.55	0.67	1.15
Loss (Gain) From Sale of Assets	-0.72	-0.72	-0.72	-1.33
Asset Writedown & Restructuring Costs	11.37	0.42	11.61	4.66
Provision & Write-off of Bad Debts	172.49	131.44	135.35	98.45
Other Operating Activities	258.61	311.67	320.9	196.7
Change in Accounts Receivable	-112.97	-176.92	-169.47	-99.79
Change in Accounts Payable	-3.05	-10.84	7.55	-2.69
Change in Income Taxes	6.53	-18.54	-17.17	-14.21
Change in Other Net Operating Assets	-12.98	-39.23	-20.42	4.29
Operating Cash Flow	718.9	562.81	513.68	465.71
Operating Cash Flow Growth	27.73%	9.56%	10.30%	81.37%
Capital Expenditures	-73.5	-121.66	-88.84	-55.14
Cash Acquisitions	-157.92	-	-	-
Divestitures	0.38	-	-	-
Sale (Purchase) of Intangibles	-67.77	-81.24	-56.05	-32.55
Other Investing Activities	-179.31	-	-68.34	-3.76
Investing Cash Flow	-478.12	-202.9	-213.23	-91.45
Long-Term Debt Issued	469.57	-	-	-
Long-Term Debt Repaid	-617.94	-567.87	-459.56	-440.71
Net Debt Issued (Repaid)	-148.36	-567.87	-459.56	-440.71
Issuance of Common Stock	-	-	-	1,071
Repurchase of Common Stock	-	-35.85	-23.13	-
Common Dividends Paid	-60	-85.08	-50	-71.86
Other Financing Activities	-	-0.94	-	-60.61
Financing Cash Flow	-208.36	-689.74	-532.7	497.82
Net Cash Flow	32.42	-329.83	-232.24	872.08
Free Cash Flow	645.4	441.15	424.84	410.57
Free Cash Flow Growth	46.30%	3.84%	3.48%	84.13%
Free Cash Flow Margin	25.13%	19.20%	20.95%	22.55%
Free Cash Flow Per Share	1.77	1.21	1.11	1.14
Cash Interest Paid	118.13	140.33	-	-
Cash Income Tax Paid	4.49	3.69	7.01	4.84
Levered Free Cash Flow	348.42	179	-62.05	233.78
Unlevered Free Cash Flow	574.01	418.75	207.02	414.94
Change in Working Capital	-122.47	-245.53	-199.51	-112.4

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