United Projects Company For Aviation Services K.S.C.P. (KWSE:UPAC)

KWSE:UPAC 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	0.79	0.96	1.53	0.63	0.91	-3.27
Depreciation & Amortization	0.84	0.51	1.25	1.87	2.04	4.51
Loss (Gain) on Equity Investments	1.38	1.81	1.65	2.01	0.13	1.03
Provision & Write-off of Bad Debts	0.01	0.05	-0.58	0.14	-0.5	0.3
Other Operating Activities	0.42	0.14	0.14	1.26	2.07	0.55
Change in Accounts Receivable	0.33	0.17	1.13	-0.42	1.38	0.07
Change in Accounts Payable	-0.65	-0.82	-3.03	-2.96	-0.74	-1.39
Operating Cash Flow	3.12	2.82	5.17	2.53	5.29	1.81
Operating Cash Flow Growth	-39.26%	-45.44%	103.91%	-52.13%	193.17%	-73.38%
Capital Expenditures	-0.13	-0.11	-0	-0	-0	-0
Sale (Purchase) of Intangibles	-	-	-0	-	-0.02	-0.06
Other Investing Activities	-1.18	-33.06	-36.74	-28.96	-16.22	-37.49
Investing Cash Flow	-1.31	-33.17	-36.74	-28.96	-16.25	-37.55
Short-Term Debt Issued	-	33.3	33.82	29.22	16.39	-
Long-Term Debt Issued	-	-	-	-	-	10.84
Total Debt Issued	26.4	33.3	33.82	29.22	16.39	10.84
Long-Term Debt Repaid	-	-	-	-1.56	-1.48	-1.48
Net Debt Issued (Repaid)	1.44	33.3	33.82	27.66	14.91	9.36
Issuance of Common Stock	-	-	-	-	-	28.34
Other Financing Activities	-	-	-	-1.15	-1.38	-1.66
Financing Cash Flow	1.44	33.3	33.82	26.51	13.53	36.05
Net Cash Flow	3.26	2.95	2.24	0.09	2.57	0.3
Free Cash Flow	2.99	2.7	5.16	2.53	5.29	1.8
Free Cash Flow Growth	-41.75%	-47.63%	104.03%	-52.15%	193.29%	-73.28%
Free Cash Flow Margin	35.91%	31.55%	50.93%	25.60%	68.86%	26.80%
Free Cash Flow Per Share	0.01	0.01	0.01	0.01	0.01	0.01
Cash Interest Paid	-	-	-	1.15	1.38	1.66
Cash Income Tax Paid	0.04	0.08	0.07	0.22	-	0.14
Levered Free Cash Flow	4.61	2.06	-76.78	66.43	20.02	1.96
Unlevered Free Cash Flow	5.07	2.34	-76.74	67.27	21.28	3.32
Change in Net Working Capital	-2.7	-0.05	80.85	-62.94	-18.02	0.3

Source: S&P Global Market Intelligence. Standard template. Financial Sources.