ATSG Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	318.24	236.26	65.16	208.24	64.35
Depreciation & Amortization	352.98	321.96	313.06	278.13	147.46
Other Amortization	-	4.02	3.65	5.82	9.66
Loss (Gain) From Sale of Assets	2.56	21.45	24.33	14.15	24.5
Asset Writedown & Restructuring Costs	-	7.79	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	-2.94
Stock-Based Compensation	2.11	-	-	-	-
Provision & Write-off of Bad Debts	24.54	5.36	-	0.72	28.44
Other Operating Activities	36.43	44.87	-13.53	107.01	-9.53
Change in Accounts Receivable	-72.12	-47.29	24.82	-15.71	-28.44
Change in Inventory	-13.71	-5.16	0.63	-17.81	10.01
Change in Accounts Payable	-5.19	3.54	4.81	16.51	-3.31
Change in Other Net Operating Assets	-12.24	12.04	18.03	-18.83	-5.09
Operating Cash Flow	633.59	604.84	440.96	578.23	235.12
Operating Cash Flow Growth	4.75%	37.16%	-23.74%	145.93%	-
Capital Expenditures	-420.24	-446.94	-131.67	-192.49	-154.01
Sale of Property, Plant & Equipment	1.41	17.73	6.61	3.44	2.5
Cash Acquisitions	-	-	-	-	-33.6
Investment in Securities	-12.6	47.35	-108.26	-260.93	-98.09
Other Investing Activities	35.59	31.9	25.37	17.17	6.11
Investing Cash Flow	-395.84	-349.96	-207.95	-432.81	-277.08
Long-Term Debt Issued	-	5	20.5	95.91	48.31
Long-Term Debt Repaid	-235.12	-254.25	-250.82	-223.74	-
Net Debt Issued (Repaid)	-235.12	-249.25	-230.32	-127.83	48.31
Other Financing Activities	-5.37	-2.05	-12.96	-15.02	-16.2
Financing Cash Flow	-240.48	-251.3	-243.28	-142.85	32.11
Net Cash Flow	-2.73	3.58	-10.27	2.57	-9.86
Free Cash Flow	213.35	157.9	309.29	385.74	81.11
Free Cash Flow Growth	35.12%	-48.95%	-19.82%	375.57%	-
Free Cash Flow Margin	8.34%	7.22%	16.27%	17.28%	5.79%
Free Cash Flow Per Share	4.00	2.96	5.80	7.24	1.52
Cash Interest Paid	6.37	9.08	12.96	15.02	16.2
Cash Income Tax Paid	105.82	86.1	71.93	27.96	15.03
Levered Free Cash Flow	146.11	53.51	270.18	287.95	-
Unlevered Free Cash Flow	198.52	108.44	326.8	343.23	-
Change in Net Working Capital	61.18	18.19	-49.97	-28.66	-

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