Infinity Trust Mortgage Bank Plc (NGX:INFINITY)

NGX:INFINITY Cash Flow Statement

Financials in millions NGN. 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	1,651	1,000	633.48	542.49	411.11
Depreciation & Amortization	87.4	76.92	80.27	72.72	60
Other Amortization	9.89	9.47	9.24	7.42	5.65
Provision for Credit Losses	64.35	66.45	18.09	21.91	18.54
Change in Income Taxes	-73.9	-189.33	-70.11	-74.99	-42.24
Change in Other Net Operating Assets	-1,493	-2,763	-2,357	-2,256	-2,292
Other Operating Activities	51.2	202.93	213.63	114.44	53.95
Operating Cash Flow	297.12	-1,596	-1,472	-1,572	-1,785
Capital Expenditures	-32.25	-34.52	-38.94	-121.74	-63.28
Investment in Securities	-547.2	58.46	303.21	295.32	265.74
Purchase / Sale of Intangibles	-3.02	-3.02	-10.51	-12.61	-4.67
Other Investing Activities	-	-	-	-0	-
Investing Cash Flow	-582.47	20.91	253.76	160.97	197.79
Long-Term Debt Issued	2,694	2,369	964.4	2,217	691.86
Long-Term Debt Repaid	-1,471	-693.85	-306.12	-139.45	-158.66
Net Debt Issued (Repaid)	1,224	1,675	658.27	2,078	533.2
Common Dividends Paid	-625.57	-250.23	-208.52	-166.82	-145.97
Preferred Dividends Paid	-42	-42	-42	-42	-42
Total Dividends Paid	-667.57	-292.23	-250.52	-208.82	-187.97
Net Increase (Decrease) in Deposit Accounts	1,545	1,182	-732.75	199.22	1,829
Financing Cash Flow	2,101	2,565	-325	2,068	2,174
Net Cash Flow	1,816	990.16	-1,543	657.41	586.33
Free Cash Flow	264.87	-1,631	-1,511	-1,694	-1,849
Free Cash Flow Margin	8.67%	-75.01%	-89.25%	-114.53%	-169.55%
Free Cash Flow Per Share	0.06	-0.39	-0.36	-0.41	-0.44
Cash Income Tax Paid	73.9	189.33	70.11	74.99	42.24

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