BVMF:TAEE11 Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,723	1,694	1,368	1,449	2,214	2,263
Depreciation & Amortization	38.83	24.72	17.92	24.98	22.65	15.28
Loss (Gain) on Equity Investments	-612.48	-664.14	-427.51	-564.89	-781.44	-833.94
Change in Accounts Receivable	1,513	1,537	574.94	1,472	1,165	964.12
Change in Accounts Payable	-1,465	-975.24	-926.78	-229.2	-441.21	-852.95
Change in Income Taxes	195.71	40.55	-8.04	-66.05	4.32	5.56
Change in Other Net Operating Assets	1,076	568.39	684.19	399.07	436.88	224.35
Other Operating Activities	-721.42	-719.09	-526.83	-474.81	-1,180	-1,266
Operating Cash Flow	1,790	1,540	756.4	2,011	1,449	517.54
Operating Cash Flow Growth	20.90%	103.64%	-62.38%	38.82%	179.89%	-42.25%
Capital Expenditures	-51.2	-44.29	-75.31	-178.51	-52.36	-41.18
Cash Acquisitions	-	-	-	-	-	-765.13
Investment in Securities	-485.99	6.92	0.02	-132.7	-76.46	2,195
Investing Cash Flow	-537.18	-37.37	-75.3	-311.21	-128.82	1,389
Long-Term Debt Issued	-	1,683	1,756	2,362	739.54	1,170
Long-Term Debt Repaid	-	-2,014	-543.17	-1,333	-768.21	-950.86
Net Debt Issued (Repaid)	-65.31	-331.28	1,213	1,029	-28.67	219.3
Common Dividends Paid	-104.74	-264.43	-1,004	-463.39	-469.55	-319.32
Other Financing Activities	-1,503	-1,462	-666.64	-1,567	-1,333	-992.95
Financing Cash Flow	-1,673	-2,058	-458.16	-1,001	-1,831	-1,093
Net Cash Flow	-419.67	-555.15	222.95	698.35	-511.21	813.47
Free Cash Flow	1,739	1,496	681.09	1,832	1,396	476.37
Free Cash Flow Growth	21.03%	119.66%	-62.83%	31.24%	193.10%	-45.70%
Free Cash Flow Margin	38.54%	40.24%	20.27%	70.03%	40.21%	13.38%
Free Cash Flow Per Share	5.05	4.34	1.98	5.32	4.05	1.38
Cash Interest Paid	777.26	728.6	673.85	509.19	239.44	200.75
Cash Income Tax Paid	18.75	52.99	76.99	77.34	58.89	42.66
Levered Free Cash Flow	576.22	1,200	644.24	297.91	1,146	1,068
Unlevered Free Cash Flow	1,131	1,686	1,133	687.59	1,410	1,272
Change in Working Capital	1,320	1,171	324.31	1,576	1,165	341.08

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.