BVMF: XPCM11 Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	2015 - 2013
Period Ending	Dec '20 Dec 31, 2020	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	2015 - 2013
Net Income	61.05	61.05	-28.63	28.93	28.59	12.31	Upgrade
Other Operating Activities	-32.57	-32.57	53.64	-5.57	-5.41	12.05	Upgrade
Operating Cash Flow	28.48	28.48	25.01	23.36	23.18	24.36	Upgrade
Operating Cash Flow Growth	16.91%	13.88%	7.07%	0.79%	-4.87%	6.42%	Upgrade
Common Dividends Paid	-25.91	-25.91	-24.34	-23.17	-22.72	-24	Upgrade
Other Financing Activities	-2.5	-2.5	-	-	-	-	Upgrade
Net Cash Flow	0.08	0.08	0.67	0.19	0.46	0.36	Upgrade
Cash Income Tax Paid	0.03	0.03	0.06	0.06	0.08	-	Upgrade
Levered Free Cash Flow	22.7	22.7	16.75	14.67	17.98	16.9	Upgrade
Unlevered Free Cash Flow	22.7	22.7	16.75	14.67	17.98	16.9	Upgrade
Change in Net Working Capital	19.75	19.75	-0.26	-0.13	-2.15	-1.88	Upgrade

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