Manufatura de Brinquedos Estrela S.A. (BVMF:ESTR3)

BVMF:ESTR3 Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	192.37	-24.26	-21.81	-46.51	-4.31	-15.7
Depreciation & Amortization	2.79	2.3	1.33	2.91	3.1	3.18
Change in Accounts Receivable	1.23	4.39	7.83	12.91	-11.03	-24
Change in Inventory	-6.12	-0.68	13.81	-11.62	-13.39	1.65
Change in Accounts Payable	11.19	-0.39	5.84	0.29	0.49	-8.53
Change in Income Taxes	-265.63	22.06	36.87	1.66	-0.95	18.74
Change in Other Net Operating Assets	-154.9	-21.78	-32.66	-2.41	3.32	12.74
Operating Cash Flow	-219.19	-18.47	11.1	-42.89	-22.89	-12.02
Capital Expenditures	-1.67	-	-	-3.37	-2.01	-
Sale of Property, Plant & Equipment	0.07	0.07	1.05	-	-	0.74
Sale (Purchase) of Intangibles	-0	-0.01	0	0.01	-0	-0.02
Other Investing Activities	184.94	-0.15	0.01	37.53	-	-
Investing Cash Flow	183.33	-0.1	1.06	34.18	-2.02	0.73
Long-Term Debt Issued	-	18.32	-	8.35	18.77	15.96
Long-Term Debt Repaid	-	-	-12.02	-	-	-
Net Debt Issued (Repaid)	35.95	18.32	-12.02	8.35	18.77	15.96
Financing Cash Flow	35.95	18.32	-12.02	8.35	18.77	15.96
Net Cash Flow	0.08	-0.24	0.14	-0.36	-6.13	4.67
Free Cash Flow	-220.86	-18.47	11.1	-46.25	-24.9	-12.02
Free Cash Flow Margin	-141.25%	-11.96%	6.91%	-26.22%	-13.91%	-8.67%
Free Cash Flow Per Share	-	-2.29	1.37	-5.72	-3.08	-1.49
Levered Free Cash Flow	-259.34	51.93	33.45	-3.2	-0.02	-8.03
Unlevered Free Cash Flow	-184.52	93.74	70.58	45.09	24.97	18.92
Change in Working Capital	-414.35	3.49	31.58	0.72	-21.68	0.5

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