Sagax Real Estate Socimi Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Net Income	59.77	14.61	35.9	29.45	4.01
Depreciation & Amortization	4.49	5.79	-	-	-
Gain (Loss) on Sale of Assets	-	-	0.01	0.09	-
Asset Writedown	-47.34	-	-23.08	-21.08	-5.23
Change in Accounts Receivable	-0.64	-0.08	0.39	-0.73	-0.3
Change in Accounts Payable	3.86	-0.77	-0.59	1.53	1.36
Change in Other Net Operating Assets	-0.36	-0.12	-0.04	2	-2.03
Other Operating Activities	-	-0.27	0.8	5.07	0.01
Operating Cash Flow	19.89	19.2	13.44	16.37	-2.17
Operating Cash Flow Growth	3.62%	42.82%	-17.90%	-	-
Acquisition of Real Estate Assets	-21.79	-34.91	-29.84	-183.24	-76.68
Sale of Real Estate Assets	190	-	-	0.9	-
Net Sale / Acq. of Real Estate Assets	168.21	-34.91	-29.84	-182.34	-76.68
Cash Acquisition	-	-	-50.15	-20.93	-4.71
Investment in Marketable & Equity Securities	-164.07	0.01	-0.26	-2.61	2.3
Other Investing Activities	0.49	-	-	-	-
Investing Cash Flow	4.63	-34.9	-80.26	-205.89	-79.09
Long-Term Debt Issued	6.37	20.85	1.14	147.82	48.61
Long-Term Debt Repaid	-17.45	-	-182.07	-	-
Net Debt Issued (Repaid)	-11.08	20.85	-180.93	147.82	48.61
Issuance of Common Stock	-	-	250	38.86	36.14
Common Dividends Paid	-13.15	-5.53	-2.43	-	-
Net Cash Flow	0.29	-0.38	-0.18	-2.83	3.49
Cash Interest Paid	0.46	0.7	4.9	-	0.36
Levered Free Cash Flow	9.24	12.62	8.28	8.16	-
Unlevered Free Cash Flow	9.52	13.06	11.59	11.33	-
Change in Net Working Capital	-2.35	0.43	-0.07	-2.87	-

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