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	2015 - 2019
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	2015 - 2019
Net Income	1,723	1,694	1,368	1,449	2,214	2,263	Upgrade
Depreciation & Amortization	38.83	24.72	17.92	24.98	22.65	15.28	Upgrade
Loss (Gain) on Equity Investments	-612.48	-664.14	-427.51	-564.89	-781.44	-833.94	Upgrade
Change in Accounts Receivable	1,513	1,537	574.94	1,472	1,165	964.12	Upgrade
Change in Accounts Payable	-1,465	-975.24	-926.78	-229.2	-441.21	-852.95	Upgrade
Change in Income Taxes	195.71	40.55	-8.04	-66.05	4.32	5.56	Upgrade
Change in Other Net Operating Assets	1,076	568.39	684.19	399.07	436.88	224.35	Upgrade
Other Operating Activities	-721.42	-719.09	-526.83	-474.81	-1,180	-1,266	Upgrade
Operating Cash Flow	1,790	1,540	756.4	2,011	1,449	517.54	Upgrade
Operating Cash Flow Growth	20.90%	103.64%	-62.38%	38.82%	179.89%	-42.25%	Upgrade
Capital Expenditures	-51.2	-44.29	-75.31	-178.51	-52.36	-41.18	Upgrade
Cash Acquisitions	-	-	-	-	-	-765.13	Upgrade
Investment in Securities	-485.99	6.92	0.02	-132.7	-76.46	2,195	Upgrade
Investing Cash Flow	-537.18	-37.37	-75.3	-311.21	-128.82	1,389	Upgrade
Long-Term Debt Issued	-	1,683	1,756	2,362	739.54	1,170	Upgrade
Long-Term Debt Repaid	-	-2,014	-543.17	-1,333	-768.21	-950.86	Upgrade
Net Debt Issued (Repaid)	-65.31	-331.28	1,213	1,029	-28.67	219.3	Upgrade
Common Dividends Paid	-104.74	-264.43	-1,004	-463.39	-469.55	-319.32	Upgrade
Other Financing Activities	-1,503	-1,462	-666.64	-1,567	-1,333	-992.95	Upgrade
Financing Cash Flow	-1,673	-2,058	-458.16	-1,001	-1,831	-1,093	Upgrade
Net Cash Flow	-419.67	-555.15	222.95	698.35	-511.21	813.47	Upgrade
Free Cash Flow	1,739	1,496	681.09	1,832	1,396	476.37	Upgrade
Free Cash Flow Growth	21.03%	119.66%	-62.83%	31.24%	193.10%	-45.70%	Upgrade
Free Cash Flow Margin	38.54%	40.24%	20.27%	70.03%	40.21%	13.38%	Upgrade
Free Cash Flow Per Share	-	4.34	1.98	5.32	4.05	1.38	Upgrade
Cash Interest Paid	728.6	728.6	673.85	509.19	239.44	200.75	Upgrade
Cash Income Tax Paid	52.99	52.99	76.99	77.34	58.89	42.66	Upgrade
Levered Free Cash Flow	1,044	1,200	644.24	297.91	1,146	1,068	Upgrade
Unlevered Free Cash Flow	1,595	1,686	1,133	687.59	1,410	1,272	Upgrade
Change in Working Capital	1,320	1,171	324.31	1,576	1,165	341.08	Upgrade

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