BVMF:WDCN3 Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-191.72	28.66	-11.88	23.17	72.45
Depreciation & Amortization	154.72	163.26	166.45	168.51	137.38
Other Amortization	36.57	35.19	28.78	-	-
Asset Writedown & Restructuring Costs	43.63	2.51	3.76	1.55	0.36
Loss (Gain) From Sale of Investments	-	-	-	-23.62	-8.1
Stock-Based Compensation	-	-	-	-	7.25
Provision & Write-off of Bad Debts	196.26	26.02	20.46	27.64	25.95
Other Operating Activities	-14.94	27.84	-15.58	40.89	7.24
Change in Accounts Receivable	-35.69	-191.29	-95.71	-134.97	-87.64
Change in Inventory	26.06	9.78	165.14	-32.22	-157.83
Change in Accounts Payable	-50.32	12.87	-46.24	-71.47	56.3
Change in Unearned Revenue	-	-	-	-0.44	-7.55
Change in Income Taxes	-10.8	23.69	7.47	-0.43	-39.48
Change in Other Net Operating Assets	-9.97	-8.32	-18.78	3.25	-35.89
Operating Cash Flow	143.79	130.21	203.86	1.88	-29.55
Operating Cash Flow Growth	10.43%	-36.13%	10737.85%	-	-
Capital Expenditures	-82.74	-170.68	-192.88	-216.51	-227.05
Investment in Securities	-	-	152.17	169.97	-238.37
Investing Cash Flow	-82.74	-170.68	-40.71	-46.54	-465.42
Long-Term Debt Issued	196.22	50	-	488.01	275.46
Total Debt Issued	196.22	50	-	488.01	275.46
Long-Term Debt Repaid	-174.75	-60.72	-216.82	-301.71	-203.12
Total Debt Repaid	-174.75	-60.72	-216.82	-301.71	-203.12
Net Debt Issued (Repaid)	21.46	-10.72	-216.82	186.3	72.35
Issuance of Common Stock	-	-	-	3.81	437.56
Repurchase of Common Stock	-	-	-1.49	-7.04	-
Common Dividends Paid	-12.06	-	-0.86	-11.25	-15.01
Other Financing Activities	-0.93	46.18	4.83	-12.4	-
Financing Cash Flow	8.47	35.45	-214.34	159.41	494.9
Foreign Exchange Rate Adjustments	0.44	5.09	0.69	-0.75	0.75
Net Cash Flow	69.95	0.07	-50.51	114.01	0.68
Free Cash Flow	61.05	-40.48	10.98	-214.63	-256.6
Free Cash Flow Margin	7.00%	-4.83%	1.22%	-20.04%	-24.06%
Free Cash Flow Per Share	0.97	-0.64	0.17	-3.34	-4.80
Cash Interest Paid	93.68	70.17	106.13	84.97	52.45
Cash Income Tax Paid	-	-	-	4.51	17.69
Levered Free Cash Flow	3.49	-31.05	81.66	-284.9	-256.77
Unlevered Free Cash Flow	61.06	14.54	141.24	-131.48	-172.37
Change in Working Capital	-80.72	-153.27	11.88	-236.27	-272.08

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