Société Tunisienne de l'Air S.A. (BVMT: TAIR)

BVMT: TAIR Cash Flow Statement

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

Fiscal Year	TTM	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015
Period Ending	Dec 31, 2019	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Net Income	-209.04	-209.04	-216.5	-248.4	-211.85	-88.61
Depreciation & Amortization	156.32	156.32	158.39	173.82	174.08	109.29
Other Operating Activities	61.73	61.73	36.44	3.12	4.22	1.67
Change in Other Net Operating Assets	247.32	247.32	308.81	229.55	126.2	-167.72
Operating Cash Flow	256.33	256.33	287.13	158.08	92.65	-145.38
Operating Cash Flow Growth	-	-10.73%	81.63%	70.62%	-	-
Capital Expenditures	-294.53	-294.53	-93.16	-150.57	-76.88	-387.02
Sale of Property, Plant & Equipment	26.39	26.39	5.04	3.64	190.44	4.88
Other Investing Activities	1.72	1.72	1.01	2.37	1.13	3.42
Investing Cash Flow	-259.99	-259.99	-82.99	-164.14	114.85	-370.45
Long-Term Debt Issued	262.33	262.33	79.48	150.67	106.79	690.76
Long-Term Debt Repaid	-276.13	-276.13	-242.01	-237.43	-170.21	-365.49
Net Debt Issued (Repaid)	-13.79	-13.79	-162.53	-86.76	-63.42	325.27
Other Financing Activities	-	-	-4.85	-3.94	-2.55	-3.42
Financing Cash Flow	-13.79	-13.79	-167.38	-90.7	-65.96	321.85
Foreign Exchange Rate Adjustments	-20.92	-20.92	42.37	10.79	-19.18	-9.47
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	-	-
Net Cash Flow	-38.38	-38.38	79.13	-85.96	122.36	-203.44
Free Cash Flow	-38.2	-38.2	193.96	7.52	15.77	-532.4
Free Cash Flow Growth	-	-	2481.02%	-52.34%	-	-
Free Cash Flow Margin	-2.04%	-2.04%	10.82%	0.52%	1.41%	-53.49%
Levered Free Cash Flow	-15.04	-15.04	263.53	104.07	345.42	-640.55
Unlevered Free Cash Flow	15.37	15.37	284.46	123.86	364.15	-621.85
Change in Net Working Capital	-229.24	-229.24	-295.48	-191.89	-357.9	305.54

Source: S&P Capital IQ. Standard template. Financial Sources.