MERLIN Properties SOCIMI, S.A. (LON:0QVM)

MERLIN Properties SOCIMI Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	663.86	283.76	-83.5	263.09	512.22	56.36
Depreciation & Amortization	5.26	4.35	2.08	1.89	1.86	1.61
Gain (Loss) on Sale of Assets	-9.22	-5.35	7.02	-11.56	1.87	14.3
Asset Writedown	-354.58	1.07	335.98	249.27	-195.5	84.47
Income (Loss) on Equity Investments	-25.88	-14.07	-39.92	-24.03	-34.56	3.44
Change in Accounts Receivable	-19.13	2.5	-12.76	-1.68	-5.7	-4.85
Change in Accounts Payable	6.72	28.22	5.35	19.61	-30.55	-52.56
Change in Other Net Operating Assets	40.32	4.14	-21.2	-21.76	19.91	-7.1
Other Operating Activities	23.64	15.21	41.38	-246.86	-101.82	72.19
Operating Cash Flow	326.44	316.78	227.97	222.16	162.46	134.66
Operating Cash Flow Growth	47.42%	38.96%	2.61%	36.74%	20.65%	-54.33%
Acquisition of Real Estate Assets	-448.91	-311.48	-309.27	-370.81	-184.72	-253.11
Sale of Real Estate Assets	103.72	71.28	40.78	109.4	101.35	25.31
Net Sale / Acq. of Real Estate Assets	-345.19	-240.2	-268.49	-261.4	-83.37	-227.8
Cash Acquisition	-	-	-	-	-0	-
Investment in Marketable & Equity Securities	-50.67	-53.47	-5.35	-5.59	8.71	-1.5
Other Investing Activities	-	-	-	1,452	75.56	-
Investing Cash Flow	-399.47	-294.38	-274.75	1,184	-0.45	-229.87
Long-Term Debt Issued	-	390.9	1,022	81.76	494.65	622.95
Total Debt Issued	116	390.9	1,022	81.76	494.65	622.95
Long-Term Debt Repaid	-	-13.65	-744.41	-1,400	-0.71	-461.19
Total Debt Repaid	-609.75	-13.65	-744.41	-1,400	-0.71	-461.19
Net Debt Issued (Repaid)	-493.75	377.26	277.22	-1,318	493.94	161.76
Issuance of Common Stock	0.06	0.06	0.42	-	-	-
Repurchase of Common Stock	-	-	-	-0.14	-0.01	-0.03
Common Dividends Paid	-111.99	-105.17	-93.67	-104.26	-70.03	-68.52
Other Financing Activities	794.67	796.9	7.95	73.43	-88.51	-
Net Cash Flow	115.96	1,091	31.77	-294.03	497.4	-1.99
Cash Interest Paid	117.04	119.41	109.3	100.59	103.86	126.7
Cash Income Tax Paid	11.06	-1.2	-1.99	1.53	3.66	1.75
Levered Free Cash Flow	177.04	188.83	170.33	180.33	196.27	-10.11
Unlevered Free Cash Flow	260.61	270.21	238.78	244.94	266.9	74.93
Change in Working Capital	23.35	31.83	-35.08	-9.64	-21.6	-97.71

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.