BVMF:HGBS11 Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Net Income	337.58	230.03	18.39	-136.99	299.81
Gain (Loss) on Sale of Investments	-	-	49.89	-	-
Asset Writedown	-	-	36.42	-	-
Other Operating Activities	-180.1	-68.93	-15.4	200.29	-197.06
Operating Cash Flow	157.48	161.1	89.29	63.3	102.75
Operating Cash Flow Growth	-2.25%	80.41%	41.07%	-38.40%	28.08%
Acquisition of Real Estate Assets	-219.6	-14.41	-100.02	-155.03	-280.72
Net Sale / Acq. of Real Estate Assets	-219.6	-14.41	-100.02	-155.03	-280.72
Investment in Marketable & Equity Securities	-167.77	0.83	74.31	-225.74	-293.08
Other Investing Activities	133.46	-	16.43	-3.33	-60.18
Investing Cash Flow	-253.91	-13.58	-9.28	-384.1	-633.98
Issuance of Common Stock	606.95	-	-	-	-
Common Dividends Paid	-	-	-	-	-123.79
Other Financing Activities	-205.06	-151	-81.1	-79.51	1,058
Net Cash Flow	305.46	-3.48	-1.08	-400.31	403.18
Cash Interest Paid	216.69	151	81.1	79.51	-
Cash Income Tax Paid	1.72	0	-	3.91	6.27
Levered Free Cash Flow	388.86	112.9	21.26	-128.23	159.06
Unlevered Free Cash Flow	388.86	112.9	21.26	-128.23	159.06

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