HBR Realty Empreendimentos Imobiliários S.A. (BVMF:HBRE3)

BVMF:HBRE3 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	21.86	47.65	131.82	63.04	156.16	-20.8
Depreciation & Amortization	5.81	4.54	1.98	0.92	0.62	0.52
Gain (Loss) on Sale of Investments	4.21	4.21	0.69	0.18	231.72	-
Asset Writedown	-192.31	-184.44	-388.18	-159.13	-158.4	-34.67
Stock-Based Compensation	-0	-0.81	0.73	0.97	1.77	-
Income (Loss) on Equity Investments	8.56	1.15	18.51	19.28	5.11	-14.58
Change in Accounts Receivable	-1.5	4.59	-37.65	3.3	-11.4	-14.93
Change in Accounts Payable	-0.1	-5.23	4.81	1.93	2.45	5.01
Change in Other Net Operating Assets	-140.85	-259.9	-216.38	-61.36	-226.89	64.71
Other Operating Activities	289.44	268.49	380.2	228.39	169.95	116.81
Operating Cash Flow	8.56	-105.13	-107.84	89.77	173.87	114.73
Operating Cash Flow Growth	-	-	-	-48.37%	51.55%	-43.32%
Acquisition of Real Estate Assets	-96.39	-103.24	-9.81	-611.69	-652.71	-155.46
Sale of Real Estate Assets	14.15	25.24	54.82	342.86	50.19	61.15
Net Sale / Acq. of Real Estate Assets	-82.24	-78.01	45.01	-268.83	-602.52	-94.32
Investment in Marketable & Equity Securities	-43.91	-37.01	74.59	154.22	-544.99	-0.68
Other Investing Activities	-17.17	8.58	-5.35	-23.48	1.16	11.59
Investing Cash Flow	-143.31	-106.44	114.25	-138.09	-1,146	-83.41
Long-Term Debt Issued	-	336.72	132.85	144.27	237.43	167.36
Long-Term Debt Repaid	-	-90.14	-98.58	-69.87	-163.75	-85.41
Net Debt Issued (Repaid)	177.8	246.58	34.27	74.4	73.68	81.95
Issuance of Common Stock	-	-	-	-	729.62	-
Other Financing Activities	-42.47	-28.65	-63.11	-33.41	120.78	-73.99
Net Cash Flow	0.59	6.36	-22.43	-7.34	-48.41	39.29
Cash Interest Paid	114.73	114.73	89.79	62.78	-	-
Cash Income Tax Paid	2.9	2.9	9.21	29.48	2.16	1.47
Levered Free Cash Flow	-136.46	-167.9	-271.35	39.78	-132.5	141.73
Unlevered Free Cash Flow	-30.72	-78.03	-194.67	115.87	-55.35	186.1
Change in Working Capital	-129.92	-247.89	-254.86	-61.18	-234.89	55.8

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.