TECOM Group PJSC (DFM: TECOM)

TECOM Group PJSC Cash Flow Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	1,253	1,078	725.62	568.84	579.08	633.59
Depreciation & Amortization	418.09	394.51	386.2	375.32	369.2	347.54
Other Amortization	64.32	64.32	69.73	10.86	14.33	16.21
Change in Accounts Receivable	-79.2	-9.55	-33.15	-18.82	-262.53	-64.98
Change in Accounts Payable	66.27	3.01	59.48	66.05	-89.87	-371.63
Change in Other Net Operating Assets	8.37	21.69	73.32	-24.47	37.2	97.12
Other Operating Activities	-5.79	104.91	164.87	213.82	247.94	229.92
Operating Cash Flow	1,734	1,631	1,504	1,254	973.61	923.38
Operating Cash Flow Growth	14.07%	8.45%	19.88%	28.84%	5.44%	-
Acquisition of Real Estate Assets	-1,331	-418.94	-601.88	-606.49	-770.87	-669.61
Net Sale / Acq. of Real Estate Assets	-1,331	-418.94	-601.88	-606.49	-770.87	-669.61
Investment in Marketable & Equity Securities	531.45	58.55	-445.63	1,105	-138.23	671.92
Other Investing Activities	21.05	-102.43	9.62	9.49	33.08	71.77
Investing Cash Flow	-785.25	-476.8	-1,043	493.76	-889.08	54.69
Long-Term Debt Issued	-	-	371.28	118.86	650	2,890
Long-Term Debt Repaid	-	-	-64.22	-96.46	-12.79	-2,987
Net Debt Issued (Repaid)	250	-	307.06	22.4	637.21	-97.01
Issuance of Common Stock	-	-	-	146.06	139.39	265.59
Common Dividends Paid	-800	-600	-1,050	-1,400	-650	-500
Other Financing Activities	-104.25	-160.77	-209.65	-318.69	-264.03	-273.95
Net Cash Flow	294.43	393.22	-491.52	197.93	-52.9	372.7
Cash Interest Paid	164.25	166.97	209.06	249.94	264.03	273.95
Levered Free Cash Flow	1,336	907.02	610.88	690.07	528.97	-
Unlevered Free Cash Flow	1,445	1,051	679.43	809.31	689.96	-
Change in Net Working Capital	-194.83	91.43	280.83	33.16	194.78	-

Source: S&P Capital IQ. Real Estate template. Financial Sources.