LAND3 Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	26.71	35.21	137.17	38.02
Depreciation & Amortization	3.53	3.93	5.8	5.44
Gain (Loss) on Sale of Assets	-2.14	-	3.33	2.03
Gain (Loss) on Sale of Investments	-4.8	-4.11	-2.74	-0.77
Change in Accounts Receivable	-0.95	8.58	-1.31	-27.45
Change in Other Net Operating Assets	2.95	-1.46	-5.1	41.8
Other Operating Activities	6.68	15.55	-84.77	36.89
Operating Cash Flow	28.84	53.72	45.57	115.31
Operating Cash Flow Growth	-26.94%	17.86%	-60.48%	-
Acquisition of Real Estate Assets	-0.21	-0.57	-0.54	-
Net Sale / Acq. of Real Estate Assets	2.37	-0.57	-0.54	-
Investing Cash Flow	2.37	-0.57	-0.54	-74.75
Long-Term Debt Issued	-	121.17	26	-
Long-Term Debt Repaid	-	-44	-66.87	-49.51
Net Debt Issued (Repaid)	-17.25	77.17	-40.87	-49.51
Repurchase of Common Stock	-	-	-5.15	-
Common Dividends Paid	-8.37	-130.28	-19.71	-
Other Financing Activities	-	-	-0.47	-2.03
Net Cash Flow	5.59	0.03	-21.16	-10.98
Cash Interest Paid	9.41	9.41	7.84	9.23
Cash Income Tax Paid	12.25	12.25	8.03	-
Levered Free Cash Flow	18.66	-2.36	99.48	-
Unlevered Free Cash Flow	26.14	5.72	107.04	-
Change in Net Working Capital	3.95	34.78	-66.71	-

Source: S&P Capital IQ. Real Estate template. Financial Sources.