Estre Ambiental Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	2,289	-26.45	273.57	-124.32	-943.45
Depreciation & Amortization	39.58	47.14	52.23	66.42	92.02
Other Amortization	-	-	-	7.12	7.64
Loss (Gain) From Sale of Assets	-	-	-	-5.6	38.99
Asset Writedown & Restructuring Costs	-43.73	12.54	-32	107	21.54
Loss (Gain) on Equity Investments	-	-	-	0.25	-1.56
Stock-Based Compensation	-	-	-	-	-8.73
Provision & Write-off of Bad Debts	-16.64	-44.42	41.61	18.55	285.77
Other Operating Activities	-2,286	115.07	-319.97	67.18	689.15
Change in Accounts Receivable	11.08	18.1	57.34	-10.74	46.79
Change in Inventory	-1.02	-1.07	-0.9	3.56	-0.6
Change in Accounts Payable	22.43	2.93	-11.48	75.04	55.64
Change in Income Taxes	14.04	-6.51	-93.16	150.37	-0.15
Change in Other Net Operating Assets	41.82	-69.6	60.51	-500.27	-0
Operating Cash Flow	70.65	47.75	57.24	130.15	179.48
Operating Cash Flow Growth	47.97%	-16.59%	-56.02%	-27.48%	75.28%
Capital Expenditures	-38.11	-22.02	-31.3	-76.26	-81.77
Sale of Property, Plant & Equipment	-	-	-	12.53	23.07
Sale (Purchase) of Intangibles	-1.48	-0.14	-0.06	-1.99	-0.41
Investment in Securities	-11.49	-	-	-	-0.83
Investing Cash Flow	-51.07	-22.15	-31.37	-65.73	-59.94
Long-Term Debt Issued	5	-	-	9.33	0.24
Long-Term Debt Repaid	-29.27	-50.99	-38.01	-50.74	-75.28
Net Debt Issued (Repaid)	-24.27	-50.99	-38.01	-41.42	-75.04
Other Financing Activities	-	-	-	-5.83	-5.69
Financing Cash Flow	-24.27	-50.99	-38.01	-47.24	-80.73
Net Cash Flow	-4.69	-25.4	-12.13	17.19	38.82
Free Cash Flow	32.54	25.73	25.94	53.89	97.71
Free Cash Flow Growth	26.47%	-0.79%	-51.87%	-44.85%	1267.01%
Free Cash Flow Margin	5.74%	4.41%	4.82%	8.94%	20.77%
Free Cash Flow Per Share	-	0.19	-	0.39	-
Cash Interest Paid	-	-	-	5.83	5.69
Levered Free Cash Flow	47.23	-107.08	381.6	-731.3	-200.59
Unlevered Free Cash Flow	117.12	-52.26	469.71	-557.48	-48.2
Change in Working Capital	88.34	-56.14	12.3	-282.03	101.69

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