Crédit du Maroc Cash Flow Statement

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Net Income	-	503.09	404.29	627.39	190.32	508.81	Upgrade
Depreciation & Amortization	-	232.91	190.27	178.15	149.9	138.98	Upgrade
Gain (Loss) on Sale of Assets	-	-4.43	-15.42	-3.87	-0.06	33.58	Upgrade
Gain (Loss) on Sale of Investments	-	289.8	-30.76	-422.26	574.24	68.2	Upgrade
Change in Income Taxes	-	-396.45	-316.45	-365.82	-261.24	-322.81	Upgrade
Change in Other Net Operating Assets	-	-3,158	-874.97	1,368	-187.49	2,458	Upgrade
Other Operating Activities	-	243.54	351.77	291.31	138.63	401.45	Upgrade
Operating Cash Flow	-	-2,289	-291.27	1,673	604.28	3,286	Upgrade
Operating Cash Flow Growth	-	-	-	176.89%	-81.61%	1291.54%	Upgrade
Capital Expenditures	-	-441.63	-379.09	-365.74	-257.82	-306.71	Upgrade
Investing Cash Flow	-	-441.63	-379.09	-365.74	-257.82	-306.71	Upgrade
Common Dividends Paid	-	-	-	-	-	-87.05	Upgrade
Other Financing Activities	-	2,000	705.99	-1,257	-795.61	-850	Upgrade
Financing Cash Flow	-	2,000	705.99	-1,257	-795.61	-937.05	Upgrade
Foreign Exchange Rate Adjustments	-	-2.92	5.11	2.51	-3.71	0.21	Upgrade
Net Cash Flow	-	-733.85	40.74	53.39	-452.86	2,043	Upgrade
Free Cash Flow	-	-2,731	-670.37	1,307	346.47	2,980	Upgrade
Free Cash Flow Growth	-	-	-	277.37%	-88.37%	6699.77%	Upgrade
Free Cash Flow Margin	-	-110.25%	-29.88%	54.65%	20.88%	140.89%	Upgrade
Free Cash Flow Per Share	-	-250.96	-61.60	120.16	31.84	273.84	Upgrade
Cash Income Tax Paid	-	396.45	316.45	365.82	261.24	322.81	Upgrade

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