CPI Property Group 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	FY 2020
Period Ending	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	-192.5	-823.9	533.6	1,278	240.9
Depreciation & Amortization	28	45.9	44.6	35.3	36.7
Other Amortization	1.6	1.3	1.6	1.2	1.4
Gain (Loss) on Sale of Assets	12.8	34.4	-35.9	-34.5	-0.7
Asset Writedown	342.7	1,100	121.5	-1,261	-126.4
Income (Loss) on Equity Investments	14.9	20.2	-19.1	-15.2	10.6
Change in Accounts Receivable	39.2	63.4	-56.8	-50.1	-22.2
Change in Accounts Payable	45.7	-17.2	88.6	4.6	-59.2
Change in Other Net Operating Assets	34	-0.6	14.8	0.4	-3
Other Operating Activities	351.8	247.7	-167.8	425.4	148.6
Operating Cash Flow	732.4	669.5	531.6	413.8	248.7
Operating Cash Flow Growth	9.40%	25.94%	28.47%	66.39%	-11.40%
Acquisition of Real Estate Assets	-412.9	-413.3	-691	-452.4	-500.8
Sale of Real Estate Assets	498.3	380.4	363.5	59.1	13.5
Net Sale / Acq. of Real Estate Assets	85.4	-32.9	-327.5	-393.3	-487.3
Cash Acquisition	-119.1	-12	-1,553	-515.1	-14.4
Investment in Marketable & Equity Securities	-62.4	-10.4	-29.7	-461.8	-703.7
Other Investing Activities	30	3	53.3	-188.6	20.6
Investing Cash Flow	971.7	75.5	-1,591	-1,191	-1,239
Long-Term Debt Issued	2,274	3,045	5,423	1,494	1,606
Long-Term Debt Repaid	-3,324	-3,245	-3,353	-1,231	-956.8
Net Debt Issued (Repaid)	-1,050	-199.5	2,071	263.5	649
Issuance of Common Stock	-	-	-	1,006	607.5
Repurchase of Common Stock	-145.2	-79.5	-218.1	-476.6	-382.8
Common Dividends Paid	-102.3	-75.2	-75.4	-61.2	-
Other Financing Activities	-339	-386.9	-186.4	-88.4	-55.6
Miscellaneous Cash Flow Adjustments	-7.9	-14.5	-	3.2	-
Net Cash Flow	59.3	-10.6	531.4	-130.5	-172.2
Cash Interest Paid	339	386.9	186.4	88.4	55.6
Cash Income Tax Paid	109.7	62.6	45.1	20.9	15.8
Levered Free Cash Flow	589.95	29.24	239.21	-273.53	109.31
Unlevered Free Cash Flow	816.26	246.74	370.59	-212.71	159.88
Change in Working Capital	143.8	26.7	34.6	-16.3	-66.8

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