Sanlam 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
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
Net Income	680.46	559.43	-70.18	606.86	198.17
Depreciation & Amortization	136.11	125.05	123.38	276.18	220.78
Gain (Loss) on Sale of Assets	6,772	4,331	10,413	16,201	595.22
Change in Accounts Receivable	-20.1	-156.87	-231.33	113.62	93.48
Change in Other Net Operating Assets	212.58	51.21	-228.23	-254.15	-24.24
Other Operating Activities	-258.72	235.45	959.4	-168.99	87.01
Operating Cash Flow	7,513	5,138	10,949	16,771	1,164
Operating Cash Flow Growth	46.22%	-53.08%	-34.71%	1341.30%	-18.30%
Capital Expenditures	-48.29	-113.51	-52.34	-168.47	-26.62
Sale of Property, Plant & Equipment	90.21	25.41	-	-	-
Cash Acquisitions	-	-	-	-	0.26
Investment in Securities	-7,225	-5,718	-10,434	-16,993	-663.69
Other Investing Activities	-	-	-	207	-
Investing Cash Flow	-7,183	-5,806	-10,463	-16,931	-689.38
Long-Term Debt Issued	0.59	6.48	0.44	6	-
Total Debt Repaid	-17.01	-24.62	-6.17	-4.55	-6.11
Net Debt Issued (Repaid)	-16.42	-18.13	-5.74	1.46	-6.11
Common Dividends Paid	-317.25	-148.21	-144.09	-82.34	-123.68
Other Financing Activities	-87.01	876.81	-301.76	57.92	-521.67
Financing Cash Flow	-420.68	710.47	-451.58	-22.96	-651.46
Miscellaneous Cash Flow Adjustments	0.12	-	-	-	1.21
Net Cash Flow	-91.39	42.46	34.85	-182.71	-176.01
Free Cash Flow	7,464	5,024	10,897	16,603	1,137
Free Cash Flow Growth	48.57%	-53.89%	-34.37%	1360.23%	-16.63%
Free Cash Flow Margin	100.03%	72.03%	199.99%	242.10%	20.67%
Free Cash Flow Per Share	1813.11	1220.42	2646.92	4032.87	276.18
Cash Interest Paid	2.82	2.91	2.07	1.65	-
Cash Income Tax Paid	77.95	69.82	45.14	67.34	69.02
Levered Free Cash Flow	755.35	160.28	-448.8	12,094	378.27
Unlevered Free Cash Flow	755.4	160.28	-448.8	12,094	378.27
Change in Working Capital	192.49	-105.66	-459.56	-140.53	69.24

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.