Independent Petroleum Group K.S.C.P. (KWSE:IPG)

KWSE:IPG 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	9.01	7.82	7.66	7.19	6.88
Depreciation & Amortization	6.56	7.57	5.98	5.42	5.41
Loss (Gain) From Sale of Investments	-6.11	-6.75	10.23	-4.55	-4.64
Loss (Gain) on Equity Investments	-9.66	-8.01	-7.64	-6.14	-6.08
Provision & Write-off of Bad Debts	22.4	5.59	-0.41	6.47	42.34
Other Operating Activities	16.22	13.13	5.56	2.3	-27.2
Change in Accounts Receivable	6.03	-119.86	56.58	-49.51	-12.69
Change in Inventory	0.43	24.51	-0.98	-25.93	-2.6
Change in Accounts Payable	-8.49	58.59	-37.5	55.21	0.36
Change in Other Net Operating Assets	-4.81	0.71	-24.07	1.31	-3.07
Operating Cash Flow	31.57	-16.69	15.4	-8.24	-1.29
Capital Expenditures	-0.13	-0.1	-0.34	-2.31	-2.95
Sale of Property, Plant & Equipment	-	-	-	1.43	-
Other Investing Activities	10.56	10.64	13.12	5.63	7.85
Investing Cash Flow	10.43	10.54	12.78	4.74	4.89
Long-Term Debt Issued	-	3.03	32.23	40.41	30.69
Total Debt Issued	-	3.03	32.23	40.41	30.69
Long-Term Debt Repaid	-0.78	-7.58	-0.97	-3.86	-1.57
Total Debt Repaid	-0.78	-7.58	-0.97	-3.86	-1.57
Net Debt Issued (Repaid)	-0.78	-4.55	31.26	36.55	29.12
Common Dividends Paid	-5.42	-5.42	-5.42	-5.42	-5.42
Other Financing Activities	-16.79	-14.06	-9.35	-3.31	-3.98
Financing Cash Flow	-23	-24.03	16.49	27.82	19.72
Foreign Exchange Rate Adjustments	-0.51	0.97	-5.58	1.06	-0.82
Net Cash Flow	18.5	-29.22	39.09	25.38	22.5
Free Cash Flow	31.44	-16.79	15.06	-10.55	-4.25
Free Cash Flow Margin	2.58%	-1.57%	0.92%	-1.05%	-0.82%
Free Cash Flow Per Share	0.17	-0.09	0.08	-0.06	-0.02
Cash Interest Paid	16.79	14.06	9.35	3.31	3.98
Levered Free Cash Flow	14.07	-29.31	16.6	-9.47	2.01
Unlevered Free Cash Flow	24.31	-20.1	23.03	-7.28	4.34
Change in Net Working Capital	-14.75	29.35	-8.07	12.72	5.1

Updated Jan 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.