BVMF:EQMA3B Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Mar '25 Mar 31, 2025	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	728.3	741.34	777.39	648.15	943.42	700.27	Upgrade
Depreciation & Amortization	333.87	306.96	251.33	229.15	220.31	190.47	Upgrade
Loss (Gain) on Sale of Investments	-204.28	-164.05	-162.55	-167.51	-406.16	-66.17	Upgrade
Asset Writedown	16.68	10.85	12.86	34.13	16.62	8.18	Upgrade
Stock-Based Compensation	5.52	-2.88	28.81	-	-	-	Upgrade
Change in Accounts Receivable	-97.27	-205.9	-270.13	0.38	-211.15	-73.26	Upgrade
Change in Inventory	-6.45	-2.93	29.18	-6.01	-24	-3.05	Upgrade
Change in Accounts Payable	-34.87	-51.18	72.33	-131.01	32.38	200.81	Upgrade
Change in Income Taxes	-7.79	8.01	-9.31	25.51	258.22	125.05	Upgrade
Change in Other Net Operating Assets	-169.87	-63.92	-125.76	-10.12	264.36	36.12	Upgrade
Other Operating Activities	142.83	174.36	-143.75	366.14	-534.25	235.92	Upgrade
Operating Cash Flow	874.47	921.31	632.99	1,046	630.86	1,406	Upgrade
Operating Cash Flow Growth	11.12%	45.55%	-39.50%	65.86%	-55.13%	33.74%	Upgrade
Sale (Purchase) of Intangibles	-1,075	-1,009	-892.64	-817.63	-462.2	-446.52	Upgrade
Investment in Securities	-444.3	-801.71	294.49	-99.43	714.29	-425.4	Upgrade
Investing Cash Flow	-1,520	-1,811	-598.15	-917.06	252.09	-871.92	Upgrade
Long-Term Debt Issued	-	1,448	903.18	838.97	764.18	284.44	Upgrade
Long-Term Debt Repaid	-	-351.71	-268.41	-611.67	-1,104	-393.87	Upgrade
Net Debt Issued (Repaid)	1,059	1,096	634.77	227.3	-340.05	-109.42	Upgrade
Common Dividends Paid	-390.67	-390.67	-458.39	-333.22	-758.36	-479.93	Upgrade
Financing Cash Flow	668.45	705.16	176.38	-105.92	-1,098	-589.35	Upgrade
Net Cash Flow	23.38	-184.39	211.22	23.36	-215.46	-55.26	Upgrade
Cash Interest Paid	251.5	262	181.95	-	175.78	92.26	Upgrade
Cash Income Tax Paid	58.73	41.31	110.16	180.39	-	-	Upgrade
Levered Free Cash Flow	-313.77	-191.71	-295.35	469.76	404.23	387.73	Upgrade
Unlevered Free Cash Flow	-158.67	-56.67	-204.82	552.99	466.71	453.64	Upgrade
Change in Net Working Capital	135.24	38.34	284.73	-522.15	111.5	-107.87	Upgrade

Updated Nov 13, 2024. Source: S&P Global Market Intelligence. Utility template. Financial Sources.