Pavlovo Bus Cash Flow Statement

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

Millions RUB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2015	FY 2014	FY 2013
Period Ending	Dec '15 Dec 31, 2015	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013
Net Income	317.76	317.76	107.8	1,037
Depreciation & Amortization	143.64	143.64	147.5	106.47
Other Amortization	5.85	5.85	9.52	-
Loss (Gain) From Sale of Assets	-6.43	-6.43	4.24	3.84
Asset Writedown & Restructuring Costs	-	-	-0.39	-
Provision & Write-off of Bad Debts	-8.21	-8.21	3.04	0.26
Other Operating Activities	-1,840	-1,840	-1,632	-1,191
Change in Accounts Receivable	300.82	300.82	-1,157	-951.16
Change in Inventory	72.84	72.84	184.41	-258.01
Change in Accounts Payable	-665.86	-665.86	1,045	237.36
Change in Other Net Operating Assets	-0.13	-0.13	-4.68	-14.65
Operating Cash Flow	-1,680	-1,680	-1,292	-1,030
Capital Expenditures	-172.32	-172.32	-121.92	-122.64
Sale of Property, Plant & Equipment	7.54	7.54	2.03	35.27
Sale (Purchase) of Intangibles	-68.8	-68.8	-26.44	-3.12
Other Investing Activities	1,288	1,288	929.79	966.18
Investing Cash Flow	3,383	3,383	-30.86	-1,595
Long-Term Debt Issued	3,125	3,125	5,381	7,930
Long-Term Debt Repaid	-4,780	-4,780	-4,058	-6,971
Net Debt Issued (Repaid)	-1,655	-1,655	1,324	958.99
Financing Cash Flow	-1,655	-1,655	1,324	958.99
Net Cash Flow	47.47	47.47	0.51	-1,666
Free Cash Flow	-1,852	-1,852	-1,414	-1,153
Free Cash Flow Margin	-24.59%	-24.59%	-16.88%	-10.32%
Free Cash Flow Per Share	-1181.45	-1181.45	-901.88	-735.33
Cash Interest Paid	1,448	1,448	1,369	975.69
Cash Income Tax Paid	9.24	9.24	77.45	292.69
Levered Free Cash Flow	4,539	4,539	-2,767	-
Unlevered Free Cash Flow	5,479	5,479	-1,918	-
Change in Net Working Capital	-5,620	-5,620	1,963	-

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