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 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	57.6	71.21	61.8	42.11	28.8	63.64
Depreciation & Amortization	7.63	7.17	6.83	6.82	7.62	7.07
Gain (Loss) on Sale of Investments	-0.07	-0.1	-0.04	0.11	-0.12	-0
Total Asset Writedown	0.07	0.07	0.13	-	0.99	1.26
Provision for Credit Losses	35.73	40.19	37.87	59.44	68.69	72.54
Change in Other Net Operating Assets	-594.03	-333.82	-435.33	-635.27	402.06	-228.22
Other Operating Activities	-1.06	-1.01	-0.8	-0.68	-0.61	-1.33
Operating Cash Flow	-494.11	-216.29	-329.53	-527.47	507.43	-85.04
Capital Expenditures	-9.97	-8.17	-11.14	-7.14	-5.26	-6.46
Investment in Securities	-31.92	-62.95	11.25	29.59	-5.56	-2.62
Other Investing Activities	1.06	1.01	0.8	0.68	0.57	1.13
Investing Cash Flow	-40.84	-70.11	0.91	23.13	-10.25	-7.95
Long-Term Debt Issued	-	76.14	278.93	115	-	-
Net Debt Issued (Repaid)	-41.38	76.14	278.93	115	-	-
Issuance of Common Stock	60	60.01	13.89	2.86	22.14	-
Repurchase of Common Stock	-2.38	-	-	-	-	-
Common Dividends Paid	-43.46	-32.01	-21.08	-15.06	-31.95	-28.98
Net Increase (Decrease) in Deposit Accounts	616.52	346.39	44.28	238.11	-229.33	227.74
Other Financing Activities	-0.26	-0.26	-	-	-	-
Financing Cash Flow	589.04	450.27	316.02	340.91	-239.14	198.76
Net Cash Flow	54.09	163.87	-12.61	-163.43	258.04	105.77
Free Cash Flow	-504.08	-224.46	-340.67	-534.61	502.17	-91.49
Free Cash Flow Margin	-335.94%	-138.75%	-225.26%	-436.58%	527.45%	-62.66%
Free Cash Flow Per Share	-0.13	-0.06	-0.09	-0.15	0.15	-0.03
Cash Interest Paid	237.02	192.07	82.11	55.74	101.52	109.79

Source: S&P Capital IQ. Banks template. Financial Sources.