ESR Group Cash Flow Statement

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

Millions USD. 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	-699.81	230.85	574.15	349.44	286.47
Depreciation & Amortization	49.67	49.79	47.46	16.86	16.74
Other Amortization	0.61	0.55	0.4	0.28	0.4
Gain (Loss) on Sale of Assets	294.7	-39.21	-105.85	-3.3	-33.8
Gain (Loss) on Sale of Investments	28.43	3.1	-24.46	-26.65	-48.25
Asset Writedown	312.2	-158.9	-194.89	-274.48	-224.68
Stock-Based Compensation	15.15	19.18	26.54	14.82	14.08
Income (Loss) on Equity Investments	37.59	20.37	-226.72	-168.05	-105.09
Change in Accounts Receivable	181.87	-182.69	-156.61	-36.77	-9.55
Change in Accounts Payable	36.92	28.46	72.47	37.7	-9.26
Change in Other Net Operating Assets	5.49	-33.79	-71.95	-44.7	6.9
Other Operating Activities	28.57	204.31	123.64	210	191.84
Operating Cash Flow	288.05	142.79	79.2	75.15	85.81
Operating Cash Flow Growth	101.73%	80.28%	5.39%	-12.42%	53.40%
Acquisition of Real Estate Assets	-456.92	-342.84	-799.47	-826.84	-313.96
Sale of Real Estate Assets	559.97	113.71	314.79	9.64	364.46
Net Sale / Acq. of Real Estate Assets	103.05	-229.12	-484.68	-817.2	50.5
Cash Acquisition	-	-21.29	-185.17	-487.59	-48.56
Investment in Marketable & Equity Securities	-456.85	-589.12	190.52	35.18	-313.2
Other Investing Activities	81.35	88.26	238.78	143.9	37.15
Investing Cash Flow	-178.92	-758.17	-170.63	-1,159	-148.16
Long-Term Debt Issued	1,996	1,810	2,383	1,945	1,338
Long-Term Debt Repaid	-1,481	-1,199	-1,507	-760.48	-406.52
Total Debt Repaid	-1,481	-1,199	-1,507	-760.48	-406.52
Net Debt Issued (Repaid)	514.68	610.9	876.34	1,184	931.52
Issuance of Common Stock	-	-	250	260.2	1.16
Repurchase of Common Stock	-78.09	-217.77	-388.12	-42.08	-99.49
Common Dividends Paid	-109.44	-181.39	-114.98	-5.84	-4.13
Total Dividends Paid	-109.44	-181.39	-114.98	-5.84	-4.13
Other Financing Activities	-440.33	-334.79	-218.17	-139.81	-215.74
Foreign Exchange Rate Adjustments	-130.52	-54.31	-113.5	-59.62	26.41
Net Cash Flow	-134.57	-792.73	200.14	113.47	577.39
Cash Interest Paid	330.43	309.91	237.77	166.62	147.15
Cash Income Tax Paid	77.79	84.91	108.54	25.15	19.28
Levered Free Cash Flow	-343.66	-262.61	-247.47	145.97	40.19
Unlevered Free Cash Flow	-147.35	-67.04	-108.46	248.18	132.33

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.