BVMF: TRBL11 Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	2017 - 2013
Period Ending	Dec '22 Dec 31, 2022	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	2017 - 2013
Net Income	42.46	42.46	10.57	80.77	46.08	23.48	Upgrade
Depreciation & Amortization	6.05	6.05	-	-	-	-	Upgrade
Other Operating Activities	12.62	12.62	39.62	-50.74	-102.4	-11.56	Upgrade
Operating Cash Flow	61.13	61.13	50.19	30.04	-56.33	11.93	Upgrade
Operating Cash Flow Growth	412.60%	21.78%	67.09%	-	-	22.19%	Upgrade
Acquisition of Real Estate Assets	-168.89	-168.89	-232.95	-49.76	-37.07	-	Upgrade
Net Sale / Acq. of Real Estate Assets	-168.89	-168.89	-232.95	-49.76	-37.07	-	Upgrade
Investment in Marketable & Equity Securities	-1.14	-1.14	10.41	-50.23	-	-	Upgrade
Other Investing Activities	155.83	155.83	-	-	-	-	Upgrade
Investing Cash Flow	-14.2	-14.2	-222.54	-99.98	-37.07	-	Upgrade
Issuance of Common Stock	0.56	0.56	56.84	-	129.5	-	Upgrade
Common Dividends Paid	-59.09	-59.09	-47.04	-29.57	-30.49	-11.93	Upgrade
Other Financing Activities	-	-	-5.1	99.47	-5.57	-	Upgrade
Net Cash Flow	-11.61	-11.61	-167.66	-0.04	0.05	-0	Upgrade
Cash Income Tax Paid	0.3	0.3	0.62	0.72	1	0.27	Upgrade
Levered Free Cash Flow	-80.11	-80.11	170	26.23	105.23	-67.46	Upgrade
Unlevered Free Cash Flow	-80.11	-80.11	170	26.23	105.23	-67.46	Upgrade
Change in Net Working Capital	111.17	111.17	-137.96	-7.22	-85.46	75.97	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.