Makati Finance Corporation (PSE: MFIN)

Makati Finance Cash Flow Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	13.12	12.92	17.85	9.7	10.83	21.71
Depreciation & Amortization	16.78	16.65	9.42	12.02	18.5	19.05
Other Amortization	0.22	0.23	-	-	-	0.32
Asset Writedown & Restructuring Costs	-4.82	-4.82	-24.6	-4.43	0.92	-
Provision for Credit Losses	14.29	16.38	18.84	16.32	14.65	15.49
Change in Accounts Payable	-13.97	-17.43	4.67	16.51	-11.96	11.8
Change in Other Net Operating Assets	-63.91	-76.61	46.02	70.51	-29.2	-341.68
Other Operating Activities	7.23	4.51	6.04	18.61	58.59	65.33
Operating Cash Flow	-21.61	-40.1	78.15	138.07	55.53	-215.96
Operating Cash Flow Growth	-	-	-43.40%	148.65%	-	-
Capital Expenditures	-2.02	-2.08	-0.68	-5.93	-0.9	-6.51
Sale of Property, Plant & Equipment	-	-	-	-	-	0.24
Sale (Purchase) of Intangibles	-0.38	-0.38	-0.11	-0.34	-0.02	-0.92
Investing Cash Flow	20.11	-2.46	-3.87	-8.49	-0.92	-9.18
Long-Term Debt Issued	-	229.33	219.52	144.43	206.07	502.96
Long-Term Debt Repaid	-	-195.05	-331.41	-274.06	-245.37	-274.44
Net Debt Issued (Repaid)	19.39	34.29	-111.9	-129.63	-39.29	228.52
Common Dividends Paid	-2.68	-2.68	-1.46	-1.62	-3.26	-1.38
Financing Cash Flow	16.71	31.61	-113.35	-131.25	-42.55	227.14
Net Cash Flow	15.21	-10.95	-39.06	-1.67	12.06	2
Free Cash Flow	-23.63	-42.18	77.47	132.15	54.63	-222.47
Free Cash Flow Growth	-	-	-41.37%	141.90%	-	-
Free Cash Flow Margin	-19.29%	-36.12%	69.36%	102.74%	49.01%	-157.33%
Free Cash Flow Per Share	-0.09	-0.15	0.28	0.48	0.20	-0.89
Cash Interest Paid	-	-	-	-	-	29.6
Cash Income Tax Paid	0.52	3.48	3.86	1.98	1.91	2.46

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