Tanzania Cigarette Cash Flow Statement

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

Millions TZS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 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	131,226	115,273	66,233	69,206	59,555	35,924
Depreciation & Amortization	12,278	12,235	11,702	14,714	14,145	13,589
Loss (Gain) From Sale of Assets	1	-149	-101	-6,168	-4,841	-529
Provision & Write-off of Bad Debts	-26	-26	-5	80	-1,034	-
Other Operating Activities	-7,818	1,843	1,047	713	2,920	-2,632
Change in Accounts Receivable	15,683	-1,741	-576	-13,609	-6,398	3,635
Change in Inventory	11,625	-21,983	-47,506	-2,847	-4,577	-9,091
Change in Accounts Payable	-36,134	-8,121	51,658	2,071	-1,136	12,903
Change in Other Net Operating Assets	-	-	-	-	125	2,777
Operating Cash Flow	126,835	97,331	82,452	64,160	58,759	56,576
Operating Cash Flow Growth	39.76%	18.05%	28.51%	9.19%	3.86%	-23.83%
Capital Expenditures	-16,552	-19,755	-15,509	-8,297	-7,493	-9,434
Sale of Property, Plant & Equipment	277	705	513	6,596	6,731	656
Investing Cash Flow	-16,154	-19,050	-14,996	-1,701	-762	-8,778
Short-Term Debt Issued	-	23,139	48,392	18,635	20,763	-
Total Debt Issued	-4,012	23,139	48,392	18,635	20,763	-
Short-Term Debt Repaid	-	-55,670	-27,555	-27,177	-	-
Long-Term Debt Repaid	-	-422	-611	-439	-446	-626
Total Debt Repaid	4,164	-56,092	-28,166	-27,616	-446	-626
Net Debt Issued (Repaid)	152	-32,953	20,226	-8,981	20,317	-626
Common Dividends Paid	-85,000	-50,000	-67,000	-60,000	-55,000	-50,000
Financing Cash Flow	-84,848	-82,953	-46,774	-68,981	-59,683	-50,626
Foreign Exchange Rate Adjustments	-1,667	107	2,191	-169	342	196
Net Cash Flow	24,166	-4,565	22,873	-6,691	-1,344	-2,632
Free Cash Flow	110,283	77,576	66,943	55,863	51,266	47,142
Free Cash Flow Growth	61.30%	15.88%	19.83%	8.97%	8.75%	-21.66%
Free Cash Flow Margin	22.64%	17.06%	17.92%	16.40%	16.39%	16.88%
Free Cash Flow Per Share	1103.14	775.76	669.43	558.63	512.66	471.42
Cash Interest Paid	-	2,979	1,302	561	33	14
Cash Income Tax Paid	66,350	45,039	37,891	40,185	25,859	23,619
Levered Free Cash Flow	105,806	70,587	66,593	58,021	49,606	47,895
Unlevered Free Cash Flow	107,313	73,130	68,669	59,305	50,574	48,822
Change in Working Capital	-8,826	-31,845	3,576	-14,385	-11,986	10,224

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