Empiric Student Property Plc (LON: ESP)

Empiric Student Property Cash Flow Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	53.6	53.4	67.7	29.2	-23.97	54.77
Depreciation & Amortization	0.1	0.4	0.4	0.3	0.09	0.1
Other Amortization	1.5	1.6	1.2	1	1.74	1.39
Gain (Loss) on Sale of Assets	1.9	0.6	-1.5	-1.7	-	-
Asset Writedown	-33.5	-30.1	-45.6	-17.6	38.5	-29.18
Stock-Based Compensation	0.9	0.9	0.7	0.2	0.03	0.16
Change in Accounts Receivable	-1.8	0.3	0.2	6.7	-3.97	0.96
Change in Accounts Payable	-0.9	-2	3.3	3.5	1.65	-1.27
Other Operating Activities	18.6	16.2	14	11.6	11.82	11.54
Operating Cash Flow	41.5	43.7	43.6	42.4	17.36	40.71
Operating Cash Flow Growth	-0.48%	0.23%	2.83%	144.25%	-57.36%	-21.95%
Acquisition of Real Estate Assets	-50.8	-32.4	-48.2	-16.1	-14.33	-39.71
Sale of Real Estate Assets	21.1	42.6	39.7	17.9	-	-
Net Sale / Acq. of Real Estate Assets	-29.7	10.2	-8.5	1.8	-14.33	-39.71
Other Investing Activities	0.5	0.2	-	-	0.02	10.41
Investing Cash Flow	-31.3	8.8	-9.4	1.3	-14.68	-29.85
Long-Term Debt Issued	-	-	36.2	-	77.8	115.5
Total Debt Issued	164.9	-	36.2	-	77.8	115.5
Long-Term Debt Repaid	-	-31.2	-20.1	-15	-42.8	-90.5
Total Debt Repaid	-130.4	-31.2	-20.1	-15	-42.8	-90.5
Net Debt Issued (Repaid)	34.5	-31.2	16.1	-15	35	25
Common Dividends Paid	-19.9	-20.2	-16.7	-13.6	-7.54	-30.15
Other Financing Activities	-20.7	-16.4	-14.9	-11.9	-12.73	-12.67
Net Cash Flow	4.1	-15.3	18.7	3.2	17.41	-6.96
Cash Interest Paid	17.1	16.3	13.3	11.8	11.72	11.6
Levered Free Cash Flow	47.1	8.34	34.28	1.29	-1.42	18.15
Unlevered Free Cash Flow	57.06	18.01	42.65	8.24	5.41	25.05
Change in Net Working Capital	-31.6	7.9	-21	5.49	11.35	-1.28

Source: S&P Capital IQ. Real Estate template. Financial Sources.