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	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	60.17	71.21	61.8	42.11	28.8
Depreciation & Amortization	8.12	7.17	6.83	6.82	7.62
Gain (Loss) on Sale of Investments	-0.06	-0.1	-0.04	0.11	-0.12
Total Asset Writedown	-	0.07	0.13	-	0.99
Provision for Credit Losses	34.91	40.19	37.87	59.44	68.69
Change in Other Net Operating Assets	68.6	-334.59	-435.33	-635.27	402.06
Other Operating Activities	-1.27	-0.23	-0.8	-0.68	-0.61
Operating Cash Flow	170.46	-216.29	-329.53	-527.47	507.43
Capital Expenditures	-9.95	-8.17	-11.14	-7.14	-5.26
Investment in Securities	-4.67	-62.95	11.25	29.59	-5.56
Other Investing Activities	1	1.01	0.8	0.68	0.57
Investing Cash Flow	-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)	-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	-	-	-	-
Common Dividends Paid	-43.46	-32.01	-21.08	-15.06	-31.95
Net Increase (Decrease) in Deposit Accounts	233.35	346.39	44.28	238.11	-229.33
Other Financing Activities	-	-0.26	-	-	-
Financing Cash Flow	137.28	450.27	316.02	340.91	-239.14
Net Cash Flow	294.12	163.87	-12.61	-163.43	258.04
Free Cash Flow	160.51	-224.46	-340.67	-534.61	502.17
Free Cash Flow Margin	103.01%	-138.75%	-225.26%	-436.58%	527.45%
Free Cash Flow Per Share	0.04	-0.06	-0.09	-0.15	0.15
Cash Interest Paid	250.15	192.07	82.11	55.74	101.52
Cash Income Tax Paid	3.34	2.87	-	-	-

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