Gulf Bank K.S.C.P. (KWSE:GBK)

Gulf Bank K.S.C.P. Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	56.65	60.17	71.21	61.8	42.11	28.8
Depreciation & Amortization	8.44	8.12	7.17	6.83	6.82	7.62
Gain (Loss) on Sale of Investments	-0.04	-0.06	-0.1	-0.04	0.11	-0.12
Total Asset Writedown	-	-	0.07	0.13	-	0.99
Provision for Credit Losses	49.67	34.91	40.19	37.87	59.44	68.69
Change in Other Net Operating Assets	-50.89	68.6	-334.59	-435.33	-635.27	402.06
Other Operating Activities	-1.33	-1.27	-0.23	-0.8	-0.68	-0.61
Operating Cash Flow	62.49	170.46	-216.29	-329.53	-527.47	507.43
Capital Expenditures	-9.64	-9.95	-8.17	-11.14	-7.14	-5.26
Investment in Securities	-68.42	-4.67	-62.95	11.25	29.59	-5.56
Other Investing Activities	1	1	1.01	0.8	0.68	0.57
Investing Cash Flow	-77.05	-13.62	-70.11	0.91	23.13	-10.25
Long-Term Debt Issued	-	-	76.14	278.93	115	-
Long-Term Debt Repaid	-	-50.24	-	-	-	-
Net Debt Issued (Repaid)	105.78	-50.24	76.14	278.93	115	-
Issuance of Common Stock	-	-	60.01	13.89	2.86	22.14
Repurchase of Common Stock	-2.38	-2.38	-	-	-	-
Common Dividends Paid	-43.46	-43.46	-32.01	-21.08	-15.06	-31.95
Net Increase (Decrease) in Deposit Accounts	79.75	233.35	346.39	44.28	238.11	-229.33
Other Financing Activities	-	-	-0.26	-	-	-
Financing Cash Flow	139.7	137.28	450.27	316.02	340.91	-239.14
Net Cash Flow	125.14	294.12	163.87	-12.61	-163.43	258.04
Free Cash Flow	52.86	160.51	-224.46	-340.67	-534.61	502.17
Free Cash Flow Margin	34.41%	103.00%	-138.75%	-225.26%	-436.58%	527.45%
Free Cash Flow Per Share	0.01	0.04	-0.06	-0.09	-0.15	0.14
Cash Interest Paid	237.28	250.15	192.07	82.11	55.74	101.52
Cash Income Tax Paid	3.34	3.34	2.87	-	-	-

Updated Feb 10, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.