Refinaria de Petróleos de Manguinhos S.A. (BVMF:RPMG3)

CEQP 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-1,341	-1,041	-979.06	-935.85	-361.76	-412.91
Depreciation & Amortization	40.3	32.7	12.89	4.73	3.91	3.48
Asset Writedown & Restructuring Costs	-	-	7.18	-	-	3.12
Other Operating Activities	-2.3	-2.42	141.51	0.52	-0.09	0.06
Change in Accounts Receivable	-1,644	-1,768	95.86	981.45	37.25	-591.31
Change in Inventory	109.41	-182.61	349.27	-510.63	-661.61	-980.79
Change in Accounts Payable	-275.89	-109.1	-137.23	223.56	-39.08	59.21
Change in Income Taxes	3,690	3,570	2,038	1,539	1,281	1,142
Change in Other Net Operating Assets	-434.07	-343.53	-1,471	-1,217	-218.6	813.15
Operating Cash Flow	141.59	156.32	57	84.84	40.71	36.35
Operating Cash Flow Growth	123.44%	174.26%	-32.81%	108.38%	11.99%	-9.63%
Capital Expenditures	-97.49	-62.04	-57.54	-75.98	-40.53	-34.07
Sale (Purchase) of Intangibles	-0.34	-1.36	-0.61	-7.96	-0.27	-2.41
Investing Cash Flow	-97.83	-63.39	-58.15	-83.94	-40.8	-36.47
Other Financing Activities	0.16	0.16	0.15	0.1	0.09	0.08
Financing Cash Flow	0.16	0.16	0.15	0.1	0.09	0.08
Net Cash Flow	43.92	93.09	-1.01	1	0	-0.04
Free Cash Flow	44.1	94.29	-0.54	8.86	0.18	2.29
Free Cash Flow Growth	4169.02%	-	-	4741.53%	-92.00%	-82.70%
Free Cash Flow Margin	0.58%	1.35%	-0.01%	0.18%	0.01%	0.15%
Free Cash Flow Per Share	0.65	1.39	-0.01	0.13	0.00	0.03
Levered Free Cash Flow	729.32	-3,987	-52.23	348.41	89.95	159.11
Unlevered Free Cash Flow	780.37	-3,919	-12.95	394.68	135.37	171.89
Change in Net Working Capital	-1,833	3,093	-746.48	-1,077	-352.87	-444.07

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