CapitaLand Investment Cash Flow Statement

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	145	479	181	861	1,349
Depreciation & Amortization	131	140	142	146	160
Gain (Loss) on Sale of Assets	72	113	-62	-222	-333
Gain (Loss) on Sale of Investments	5	-	-1	21	-6
Asset Writedown	69	7	257	-254	-238
Stock-Based Compensation	39	24	55	68	58
Income (Loss) on Equity Investments	-138	-620	-273	-531	-1,218
Change in Accounts Receivable	-77	-88	-76	-74	-7
Change in Accounts Payable	-116	-65	-137	31	307
Change in Other Net Operating Assets	-	-34	22	18	-3
Other Operating Activities	297	586	577	642	704
Operating Cash Flow	491	561	682	735	667
Operating Cash Flow Growth	-12.48%	-17.74%	-7.21%	10.20%	264.48%
Acquisition of Real Estate Assets	-332	-173	-725	-1,069	-1,284
Sale of Real Estate Assets	414	1,590	69	-	1,403
Net Sale / Acq. of Real Estate Assets	82	1,417	-656	-1,069	119
Cash Acquisition	-188	-144	-47	-242	-1,390
Investment in Marketable & Equity Securities	-1,197	-325	-344	-86	-35
Other Investing Activities	476	504	505	418	2,001
Investing Cash Flow	-510	2,567	-187	-382	1,268
Short-Term Debt Issued	-	-	56	1	1,260
Long-Term Debt Issued	4,717	6,576	5,474	4,467	6,118
Total Debt Issued	4,717	6,576	5,530	4,468	7,378
Short-Term Debt Repaid	-7	-25	-34	-13	-4,537
Long-Term Debt Repaid	-4,136	-8,141	-5,115	-4,350	-2,091
Total Debt Repaid	-4,143	-8,166	-5,149	-4,363	-6,628
Net Debt Issued (Repaid)	574	-1,590	381	105	750
Repurchase of Common Stock	-7	-358	-64	-133	-208
Common Dividends Paid	-599	-623	-628	-631	-14
Other Financing Activities	-220	-678	-326	-557	-305
Foreign Exchange Rate Adjustments	-16	-24	-38	-145	-21
Miscellaneous Cash Flow Adjustments	-	-	-5	-29	-
Net Cash Flow	-287	-145	-185	-1,191	2,137
Cash Interest Paid	322	498	481	418	342
Cash Income Tax Paid	118	197	154	195	207
Levered Free Cash Flow	304.63	502.63	-263	146.38	3,861
Unlevered Free Cash Flow	506.5	819.5	42	416.38	4,082
Change in Working Capital	-121	-174	-190	-21	255

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