Covivio Hotels Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	224.6	-11.6	478.79	50.29
Depreciation & Amortization	57.5	43.2	41.14	42.34
Other Amortization	1.2	0.4	0.23	1.57
Gain (Loss) on Sale of Assets	-12.2	-0.3	-3.38	1.61
Asset Writedown	-29.8	264.5	-292.71	-53.35
Stock-Based Compensation	-0.1	-	-	-
Income (Loss) on Equity Investments	-15.1	2	-19.43	-10.69
Change in Accounts Receivable	9.9	13.5	18.43	-38.62
Change in Accounts Payable	16.6	6.7	-35.1	33.77
Change in Other Net Operating Assets	-	-	-	-0
Other Operating Activities	95.5	5.8	69.43	131.63
Operating Cash Flow	348.2	324.1	256.88	158.44
Operating Cash Flow Growth	7.44%	26.17%	62.13%	96.51%
Acquisition of Real Estate Assets	-135.3	-37.8	-71.06	-73.75
Sale of Real Estate Assets	368	24	168.33	69.22
Net Sale / Acq. of Real Estate Assets	232.7	-13.8	97.27	-4.54
Cash Acquisition	-254.3	-1.6	-0.93	-1.14
Other Investing Activities	6.2	5	3.55	2.23
Investing Cash Flow	80.8	-5.8	99.99	-2.99
Long-Term Debt Issued	722.9	624.3	44.27	656.15
Long-Term Debt Repaid	-417.8	-682.6	-216.85	-884.77
Net Debt Issued (Repaid)	305.1	-58.3	-172.58	-228.61
Issuance of Common Stock	0.1	0.1	-	248.13
Repurchase of Common Stock	-	-	-0.02	-
Common Dividends Paid	-192.6	-185.2	-96.29	-34.46
Other Financing Activities	-73.8	-84.2	-114.34	-85.54
Foreign Exchange Rate Adjustments	0.1	0.9	-0.92	-0.01
Miscellaneous Cash Flow Adjustments	-	0.1	-0	-
Net Cash Flow	467.9	-8.3	-27.27	54.96
Cash Income Tax Paid	16.2	9.4	4.07	12.43
Levered Free Cash Flow	194.29	-9.67	162.9	-82.34
Unlevered Free Cash Flow	267.46	55.37	201.27	-49.22
Change in Working Capital	26.6	20.1	-17.2	-4.96

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