VFD Group 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
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	616.09	-2,463	5,360
Depreciation & Amortization	2,020	1,328	829.9
Other Amortization	652.02	142.01	207.81
Loss (Gain) From Sale of Assets	-195.93	-71.44	-181.23
Asset Writedown & Restructuring Costs	90.91	90.91	-5,252
Loss (Gain) From Sale of Investments	-3,635	-3,590	-655.21
Loss (Gain) on Equity Investments	-139.93	-375.14	-334.81
Other Operating Activities	-11,371	-14,748	-27,104
Change in Accounts Receivable	-9,239	4,152	48,927
Change in Other Net Operating Assets	-886.79	5,708	2,100
Operating Cash Flow	-22,089	-9,826	23,898
Capital Expenditures	-7,737	-7,339	-3,124
Sale of Property, Plant & Equipment	1,294	1,210	465.09
Divestitures	1,067	1,067	-
Sale (Purchase) of Intangibles	122.64	-257.74	-16.2
Investment in Securities	-11,144	-15,866	-10,413
Other Investing Activities	2,201	1,290	336.18
Investing Cash Flow	-10,904	-18,759	-35,065
Long-Term Debt Issued	-	69,694	28,856
Long-Term Debt Repaid	-	-34,436	-17,218
Net Debt Issued (Repaid)	35,258	35,258	11,638
Common Dividends Paid	-	-1,499	-1,367
Other Financing Activities	-	-	-21.94
Financing Cash Flow	47,438	33,758	10,249
Foreign Exchange Rate Adjustments	198.91	198.91	-
Miscellaneous Cash Flow Adjustments	-0	-0	-
Net Cash Flow	14,644	5,372	-917.53
Free Cash Flow	-29,826	-17,166	20,774
Free Cash Flow Margin	-188.28%	-281.58%	171.08%
Free Cash Flow Per Share	-	-18.07	21.86
Cash Interest Paid	44,128	44,128	19,753
Cash Income Tax Paid	-	162.73	511
Levered Free Cash Flow	-	-1,843	-
Unlevered Free Cash Flow	-	-1,843	-
Change in Net Working Capital	-	-8,853	-

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