CBSE:TGC 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	952.05	521.81	362.58	245.32	236
Depreciation & Amortization	383.59	158.1	134.71	108.98	98.14
Loss (Gain) From Sale of Assets	-11.24	-2.02	-5.05	-1.13	-2.93
Other Operating Activities	283.35	18.98	11.84	-6.4	8.29
Change in Accounts Receivable	23.49	-680.14	-1,055	-240.14	-797.25
Change in Inventory	-393.8	-442.62	-382.64	-119.22	-229.72
Change in Other Net Operating Assets	499.79	1,190	1,182	47.87	1,067
Operating Cash Flow	1,737	764.06	248.49	35.3	379.18
Operating Cash Flow Growth	127.37%	207.48%	604.04%	-90.69%	11.22%
Capital Expenditures	-342.83	-141.96	-181.22	-74.55	-116.59
Sale of Property, Plant & Equipment	154.25	61.58	37.81	11.43	31.27
Cash Acquisitions	-2,375	-	-0.1	-9.54	-
Sale (Purchase) of Intangibles	-3.08	-0.86	-1.43	-0.25	-0.32
Investment in Securities	25.75	6.88	-34.18	1.03	122.5
Other Investing Activities	-	-	-0	-	-
Investing Cash Flow	-2,541	-74.36	-179.12	-71.87	36.86
Short-Term Debt Issued	850.37	123.39	-	38.58	-
Long-Term Debt Issued	1,896	463.78	-	63.12	144.98
Total Debt Issued	2,746	587.18	-	101.71	144.98
Short-Term Debt Repaid	-	-	-0.79	-	-114.74
Long-Term Debt Repaid	-	-138.08	-80.99	-134.48	-
Total Debt Repaid	-	-138.08	-81.78	-134.48	-114.74
Net Debt Issued (Repaid)	2,746	449.1	-81.78	-32.78	30.24
Common Dividends Paid	-409.8	-237.3	-192.88	-178.33	-231.93
Other Financing Activities	-	-3	-0	-	0
Financing Cash Flow	2,337	208.8	-274.66	-211.11	-201.69
Foreign Exchange Rate Adjustments	-0.21	0.97	-0.31	0.09	-0.05
Miscellaneous Cash Flow Adjustments	0	-	-	0	-
Net Cash Flow	1,533	899.47	-205.6	-247.59	214.3
Free Cash Flow	1,394	622.1	67.27	-39.25	262.59
Free Cash Flow Growth	124.14%	824.78%	-	-	1.61%
Free Cash Flow Margin	11.26%	8.19%	0.98%	-0.76%	7.24%
Free Cash Flow Per Share	40.28	19.66	2.13	-1.24	8.30
Levered Free Cash Flow	1,392	626.06	-17.99	-51.98	-
Unlevered Free Cash Flow	1,488	674.12	21.95	-23.8	-
Change in Working Capital	129.48	67.2	-255.59	-311.48	39.68

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