CBSE:SOT Cash Flow Statement

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	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	345.28	315.29	262.76	266.62	278.85	230.2
Depreciation & Amortization	62.47	63.69	54.64	57.18	54.63	44.62
Other Amortization	1.61	1.61	-	-	-	-
Loss (Gain) From Sale of Assets	-16.36	-16.36	-0.12	5.85	-0.03	-0.15
Loss (Gain) on Equity Investments	0.85	0.64	0.33	0.02	0.12	0.13
Other Operating Activities	54.37	62.93	-0.79	0.39	24.02	9.01
Change in Other Net Operating Assets	-28.78	-194.15	-216.86	-173.62	-29.9	-189.95
Operating Cash Flow	419.42	233.65	99.95	156.43	327.69	93.85
Operating Cash Flow Growth	192.41%	133.78%	-36.11%	-52.26%	249.17%	-58.74%
Capital Expenditures	-107.9	-112.71	-117.67	-70.1	-62.56	-59.17
Sale of Property, Plant & Equipment	0.03	0.04	73.31	0	0.03	1.52
Divestitures	23.37	23.37	-	-	-	-
Investment in Securities	-	-	-	-21.6	-	-
Other Investing Activities	0	0	3.48	9	-	10.18
Investing Cash Flow	-84.52	-87.45	-42.8	-82.78	-62.55	-47.57
Long-Term Debt Issued	-	200	154.2	80.21	10.21	65.68
Long-Term Debt Repaid	-	-174.4	-16.22	-40.19	-40.43	-38.7
Net Debt Issued (Repaid)	8.12	25.6	137.98	40.03	-30.22	26.98
Common Dividends Paid	-122.4	-122.4	-180	-180	-151.2	-120.6
Other Financing Activities	-101.71	-16.34	-23.93	20.03	-18.83	28.6
Financing Cash Flow	-215.99	-113.14	-65.95	-119.95	-200.25	-65.02
Foreign Exchange Rate Adjustments	-0.13	-0.33	-0.06	0.21	-0.21	0.09
Miscellaneous Cash Flow Adjustments	-2.56	-	-	-	-	-
Net Cash Flow	116.23	32.74	-8.86	-46.09	64.69	-18.65
Free Cash Flow	311.53	120.94	-17.72	86.33	265.13	34.68
Free Cash Flow Growth	1150.96%	-	-	-67.44%	664.47%	-77.64%
Free Cash Flow Margin	10.26%	4.29%	-0.71%	3.75%	12.90%	1.93%
Free Cash Flow Per Share	43.27	16.80	-2.46	11.99	36.82	4.82
Cash Interest Paid	-	-	-	-	-	9.67
Cash Income Tax Paid	205.76	153.88	146.34	154.5	112.47	112.88
Levered Free Cash Flow	366.51	62.43	-63.76	67.63	338.99	44.86
Unlevered Free Cash Flow	385.05	81.93	-51.03	73.9	344.68	51.78
Change in Working Capital	-28.78	-194.15	-216.86	-173.62	-29.9	-189.95

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