BVMF:TRBL11 Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Net Income	42.46	10.57	80.77	46.08	23.48
Depreciation & Amortization	6.05	-	-	-	-
Other Operating Activities	12.62	39.62	-50.74	-102.4	-11.56
Operating Cash Flow	61.13	50.19	30.04	-56.33	11.93
Operating Cash Flow Growth	21.78%	67.09%	-	-	22.20%
Acquisition of Real Estate Assets	-168.89	-232.95	-49.76	-37.07	-
Net Sale / Acq. of Real Estate Assets	-168.89	-232.95	-49.76	-37.07	-
Investment in Marketable & Equity Securities	-1.14	10.41	-50.23	-	-
Other Investing Activities	155.83	-	-	-	-
Investing Cash Flow	-14.2	-222.54	-99.98	-37.07	-
Issuance of Common Stock	0.56	56.84	-	129.5	-
Common Dividends Paid	-59.09	-47.04	-29.57	-30.49	-11.93
Other Financing Activities	-	-5.1	99.47	-5.57	-
Net Cash Flow	-11.61	-167.66	-0.04	0.05	-0
Cash Income Tax Paid	0.3	0.62	0.72	1	0.27
Levered Free Cash Flow	-80.11	170	26.23	105.23	-67.46
Unlevered Free Cash Flow	-80.11	170	26.23	105.23	-67.46

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