BVMF:MILS3 Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	284.89	277.93	216.51	102.49
Depreciation & Amortization	224.88	212.77	167.61	144.84
Other Amortization	8.61	7.7	-	-
Loss (Gain) From Sale of Assets	-	-	-	7.96
Asset Writedown & Restructuring Costs	20.18	13.4	9.18	-0.1
Stock-Based Compensation	15.56	16.21	12.09	4.59
Provision & Write-off of Bad Debts	25.38	26.64	26.32	12.67
Other Operating Activities	74.15	14.93	-10.97	-8.01
Change in Accounts Receivable	-90.33	-98.95	-116.58	-64.21
Change in Inventory	-27.75	0.63	-1.64	-31.01
Change in Accounts Payable	-44.03	-104.14	183.87	11.06
Change in Income Taxes	0.83	33.92	28.56	32.32
Change in Other Net Operating Assets	-549.81	-525.44	-370.09	-77.93
Operating Cash Flow	-57.45	-124.4	144.85	134.66
Operating Cash Flow Growth	-	-	7.57%	-10.37%
Capital Expenditures	-41.88	-44.56	-61.61	-36.49
Cash Acquisitions	-75.38	-	-60.16	15.29
Investment in Securities	-226.36	-	-39.92	-94.91
Other Investing Activities	-	-	1.58	-
Investing Cash Flow	-343.63	-44.56	-160.11	-116.11
Long-Term Debt Issued	1,130	100	727.38	-
Long-Term Debt Repaid	-439	-115.99	-92.31	-85.33
Net Debt Issued (Repaid)	691.19	-15.99	635.07	-85.33
Issuance of Common Stock	-	-	63.22	0.69
Repurchase of Common Stock	-169.23	-	-42.39	-55.1
Common Dividends Paid	-33.91	-1.21	-12.81	-43.09
Other Financing Activities	-91.4	-47.08	-50.42	-11.91
Financing Cash Flow	396.65	-64.28	592.68	-194.73
Net Cash Flow	-4.43	-233.24	577.41	-176.19
Free Cash Flow	-99.33	-168.97	83.24	98.17
Free Cash Flow Growth	-	-	-15.21%	-29.90%
Free Cash Flow Margin	-6.30%	-12.26%	7.62%	13.30%
Free Cash Flow Per Share	-0.41	-0.69	0.40	0.47
Cash Interest Paid	156.16	132.08	53.71	11.94
Cash Income Tax Paid	38.96	66.57	73.63	27.52
Levered Free Cash Flow	291.7	223.33	387.34	130.13
Unlevered Free Cash Flow	406.8	315.9	387.34	150.44
Change in Working Capital	-711.09	-693.99	-275.88	-129.78

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