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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,568	1,580	1,694	1,368	1,449	2,214
Depreciation & Amortization	36.56	21.45	13.7	17.92	24.98	22.65
Other Amortization	41.81	41.81	11.02	-	-	-
Loss (Gain) on Equity Investments	-397.3	-457.19	-664.14	-427.51	-564.89	-781.44
Change in Accounts Receivable	1,688	1,624	1,537	574.94	1,472	1,165
Change in Accounts Payable	-1,731	-1,693	-975.24	-926.78	-229.2	-441.21
Change in Income Taxes	165.18	169.69	40.55	-8.04	-66.05	4.32
Change in Other Net Operating Assets	988.86	906.01	568.39	684.19	399.07	436.88
Other Operating Activities	-709.52	-675.77	-728.76	-526.83	-474.81	-1,180
Operating Cash Flow	1,665	1,531	1,540	756.4	2,011	1,449
Operating Cash Flow Growth	18.02%	-0.58%	103.64%	-62.38%	38.82%	179.89%
Capital Expenditures	-46.5	-43.8	-44.29	-75.31	-178.51	-52.36
Investment in Securities	63.56	-567.57	6.92	0.02	-132.7	-76.46
Investing Cash Flow	17.06	-611.37	-37.37	-75.3	-311.21	-128.82
Long-Term Debt Issued	-	2,293	1,683	1,756	2,362	739.54
Long-Term Debt Repaid	-	-1,437	-2,014	-543.17	-1,333	-768.21
Net Debt Issued (Repaid)	1,088	856.56	-331.28	1,213	1,029	-28.67
Common Dividends Paid	-565.26	-473.39	-723.35	-1,004	-463.39	-469.55
Other Financing Activities	-1,324	-1,313	-1,003	-666.64	-1,567	-1,333
Financing Cash Flow	-800.54	-929.44	-2,058	-458.16	-1,001	-1,831
Net Cash Flow	881.38	-9.38	-555.15	222.95	698.35	-511.21
Free Cash Flow	1,618	1,488	1,496	681.09	1,832	1,396
Free Cash Flow Growth	18.56%	-0.56%	119.66%	-62.83%	31.24%	193.10%
Free Cash Flow Margin	34.59%	32.17%	40.24%	20.27%	70.03%	40.21%
Free Cash Flow Per Share	-	4.32	4.34	1.98	5.32	4.05
Cash Interest Paid	793.2	793.2	728.6	673.85	509.19	239.44
Cash Income Tax Paid	23.21	23.21	52.99	76.99	77.34	58.89
Levered Free Cash Flow	876.06	266.59	1,193	644.24	297.91	1,146
Unlevered Free Cash Flow	1,438	842.82	1,686	1,133	687.59	1,410
Change in Working Capital	1,111	1,007	1,171	324.31	1,576	1,165

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