NGX: UPDCREIT Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 30, 2024	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	2018 - 2014
Net Income	-	3,803	1,677	-4,480	1,932	-449.29	Upgrade
Depreciation & Amortization	-	69.37	53.78	72.36	80.7	87.23	Upgrade
Gain (Loss) on Sale of Investments	-	-0.67	46.95	323.84	-249.94	-80.94	Upgrade
Asset Writedown	-	-2,475	-552.22	5,092	-53.08	2,395	Upgrade
Change in Accounts Payable	-	-	-	-	-	44.57	Upgrade
Change in Other Net Operating Assets	-	6.4	-544.89	-419.51	345.15	-19.75	Upgrade
Other Operating Activities	-	-0.54	-15.28	11.93	10.27	4.98	Upgrade
Operating Cash Flow	-	2,864	1,020	2,310	-687	3,586	Upgrade
Operating Cash Flow Growth	-	180.71%	-55.82%	-	-	-11.07%	Upgrade
Acquisition of Real Estate Assets	-	-191.73	-1,061	-105.11	-260.65	-140.86	Upgrade
Sale of Real Estate Assets	-	-	-	-	652.44	-	Upgrade
Net Sale / Acq. of Real Estate Assets	-	-191.73	-1,061	-105.11	391.78	-140.86	Upgrade
Other Investing Activities	-	-20.52	-	-	-	-	Upgrade
Investing Cash Flow	-	-212.25	-1,061	-105.11	391.78	-140.86	Upgrade
Long-Term Debt Issued	-	15.02	-	-	-	-	Upgrade
Long-Term Debt Repaid	-	-	-	-	-	-11.55	Upgrade
Net Debt Issued (Repaid)	-	15.02	-	-	-	-11.55	Upgrade
Common Dividends Paid	-	-973.27	-483.36	-1,009	-1,574	-1,548	Upgrade
Miscellaneous Cash Flow Adjustments	-	0	-0	-	-0	-0	Upgrade
Net Cash Flow	-	1,694	-524.19	1,196	-1,869	1,886	Upgrade
Levered Free Cash Flow	-	677.56	474.93	583.26	1,492	1,167	Upgrade
Unlevered Free Cash Flow	-	681.03	476.51	584.61	1,492	1,168	Upgrade
Change in Net Working Capital	-203.58	128.97	228.35	-99.09	-270.18	-4.65	Upgrade

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