Smart Products Nigeria Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2014 - 2018
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2014 - 2018
Net Income	6.59	6.08	7.43	7.38	5.43	Upgrade
Depreciation & Amortization	6.15	5.26	4.4	4	3.93	Upgrade
Gain (Loss) on Sale of Investments	-0.93	-0.05	-0.23	-0.05	0.16	Upgrade
Change in Accounts Payable	2.58	14.39	0.62	-0.39	3.41	Upgrade
Change in Other Net Operating Assets	24.69	-0.91	10.7	3.18	-0.14	Upgrade
Other Operating Activities	-19.09	-12.6	1.69	2.3	2.56	Upgrade
Operating Cash Flow	28.4	23.21	26.76	15.91	15.65	Upgrade
Operating Cash Flow Growth	22.36%	-13.25%	68.14%	1.68%	-4.33%	Upgrade
Acquisition of Real Estate Assets	-14.94	-16.31	-8.34	-11.95	-8.88	Upgrade
Sale of Real Estate Assets	-	-	0.5	-	-	Upgrade
Net Sale / Acq. of Real Estate Assets	-14.94	-16.31	-7.84	-11.95	-8.88	Upgrade
Investing Cash Flow	-14.94	-16.31	-7.84	-11.95	-8.88	Upgrade
Common Dividends Paid	-3.6	-4.5	-4.5	-3.6	-6.75	Upgrade
Miscellaneous Cash Flow Adjustments	-0	17.65	0	-	-	Upgrade
Net Cash Flow	9.87	20.05	14.42	0.37	0.02	Upgrade
Cash Income Tax Paid	19.79	-	-	-	-	Upgrade
Levered Free Cash Flow	27.3	17.59	25.58	14.55	15.78	Upgrade
Unlevered Free Cash Flow	27.3	17.59	25.58	14.55	15.78	Upgrade
Change in Net Working Capital	-16.6	-4.56	-14.78	-4.44	-4.95	Upgrade

Updated May 9, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.