CBSE:MSA Cash Flow Statement

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

Millions MAD. 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	1,589	1,267	852.23	816.79	666.36
Depreciation & Amortization	606.47	493.06	484.64	481.38	-
Loss (Gain) From Sale of Assets	-	-40.01	-1.24	-1.02	-1.28
Loss (Gain) From Sale of Investments	-6.69	-	-	-	-
Other Operating Activities	147.18	230.84	125.33	149.18	619.85
Change in Other Net Operating Assets	312.43	62.94	-129.36	55.04	-502
Operating Cash Flow	2,648	2,014	1,332	1,501	782.93
Operating Cash Flow Growth	31.50%	51.23%	-11.31%	91.77%	-27.18%
Capital Expenditures	-1,825	-431.65	-276.85	-287.81	-584.92
Sale of Property, Plant & Equipment	6.81	43.28	1.27	2.61	1.7
Divestitures	-	-54	-	-	-
Other Investing Activities	-	0	0	-	-
Investing Cash Flow	-1,812	-434.47	-270.3	-287.45	-478.61
Long-Term Debt Issued	129.24	-	-	-	1,254
Long-Term Debt Repaid	-359.98	-433.88	-333.86	-275.91	-251.62
Net Debt Issued (Repaid)	-230.74	-433.88	-333.86	-275.91	1,002
Common Dividends Paid	-874.95	-623.86	-587.17	-528.45	-587.17
Other Financing Activities	-	-139.46	-156.37	-0	11.74
Financing Cash Flow	-1,106	-1,197	-1,077	-804.36	426.56
Miscellaneous Cash Flow Adjustments	0	-0	-	-	-0
Net Cash Flow	-269.76	382.15	-16.1	409.57	730.88
Free Cash Flow	823.6	1,582	1,055	1,214	198
Free Cash Flow Growth	-47.94%	50.00%	-13.09%	512.91%	-
Free Cash Flow Margin	14.24%	31.59%	24.41%	30.73%	5.51%
Free Cash Flow Per Share	-	21.56	14.37	16.54	2.70
Levered Free Cash Flow	319.11	1,428	1,014	1,089	-425.5
Unlevered Free Cash Flow	319.11	1,428	1,014	1,133	-381.07
Change in Working Capital	312.43	62.94	-129.36	55.04	-502

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