Crédit du Maroc Cash Flow Statement

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	740.95	503.09	404.29	627.39	190.32	Upgrade
Depreciation & Amortization	259.7	232.91	190.27	178.15	149.9	Upgrade
Gain (Loss) on Sale of Assets	-6.14	-4.43	-15.42	-3.87	-0.06	Upgrade
Gain (Loss) on Sale of Investments	19.85	289.8	-30.76	-422.26	574.24	Upgrade
Change in Income Taxes	-558.46	-396.45	-316.45	-365.82	-261.24	Upgrade
Change in Other Net Operating Assets	1,078	-3,158	-874.97	1,368	-187.49	Upgrade
Other Operating Activities	382.06	243.54	351.77	291.31	138.63	Upgrade
Operating Cash Flow	1,916	-2,289	-291.27	1,673	604.28	Upgrade
Operating Cash Flow Growth	-	-	-	176.89%	-81.61%	Upgrade
Capital Expenditures	-372.09	-441.63	-379.09	-365.74	-257.82	Upgrade
Investing Cash Flow	-372.09	-441.63	-379.09	-365.74	-257.82	Upgrade
Other Financing Activities	-137.2	2,000	705.99	-1,257	-795.61	Upgrade
Financing Cash Flow	-137.2	2,000	705.99	-1,257	-795.61	Upgrade
Foreign Exchange Rate Adjustments	0.31	-2.92	5.11	2.51	-3.71	Upgrade
Net Cash Flow	1,407	-733.85	40.74	53.39	-452.86	Upgrade
Free Cash Flow	1,544	-2,731	-670.37	1,307	346.47	Upgrade
Free Cash Flow Growth	-	-	-	277.38%	-88.37%	Upgrade
Free Cash Flow Margin	53.26%	-110.25%	-29.88%	54.65%	20.88%	Upgrade
Free Cash Flow Per Share	141.88	-250.96	-61.60	120.16	31.84	Upgrade
Cash Income Tax Paid	558.46	396.45	316.45	365.82	261.24	Upgrade

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.