CBSE:SOT 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	385.53	315.29	262.76	266.62	278.85
Depreciation & Amortization	74.71	63.69	54.64	57.18	54.63
Loss (Gain) From Sale of Assets	-3.35	-16.36	-0.12	5.85	-0.03
Loss (Gain) on Equity Investments	1.36	0.64	0.33	0.02	0.12
Other Operating Activities	66.05	64.54	-0.79	0.39	24.02
Change in Other Net Operating Assets	-63.6	-194.15	-216.86	-173.62	-29.9
Operating Cash Flow	460.69	233.65	99.95	156.43	327.69
Operating Cash Flow Growth	97.17%	133.78%	-36.11%	-52.26%	249.17%
Capital Expenditures	-78.28	-112.71	-117.67	-70.1	-62.56
Sale of Property, Plant & Equipment	0.01	0.04	73.31	0	0.03
Cash Acquisitions	-1,094	-	-	-	-
Divestitures	-	23.37	-	-	-
Investment in Securities	-	-	-	-21.6	-
Other Investing Activities	1.41	0	3.48	9	-
Investing Cash Flow	-1,171	-87.45	-42.8	-82.78	-62.55
Long-Term Debt Issued	550.76	200	154.2	80.21	10.21
Long-Term Debt Repaid	-220.71	-174.4	-16.22	-40.19	-40.43
Net Debt Issued (Repaid)	330.05	25.6	137.98	40.03	-30.22
Issuance of Common Stock	630.43	-	-	-	-
Common Dividends Paid	-201.6	-122.4	-180	-180	-151.2
Other Financing Activities	25.48	-16.34	-23.93	20.03	-18.83
Financing Cash Flow	784.35	-113.14	-65.95	-119.95	-200.25
Foreign Exchange Rate Adjustments	0.22	-0.33	-0.06	0.21	-0.21
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-
Net Cash Flow	73.98	32.74	-8.86	-46.09	64.69
Free Cash Flow	382.42	120.94	-17.72	86.33	265.13
Free Cash Flow Growth	216.21%	-	-	-67.44%	664.47%
Free Cash Flow Margin	11.85%	4.29%	-0.71%	3.75%	12.90%
Free Cash Flow Per Share	10.05	3.36	-0.49	2.40	7.37
Cash Income Tax Paid	-	153.88	146.34	154.5	112.47
Levered Free Cash Flow	281.27	60.82	-63.76	67.63	338.99
Unlevered Free Cash Flow	295.94	80.32	-51.03	73.9	344.68
Change in Working Capital	-63.6	-194.15	-216.86	-173.62	-29.9

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