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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	14.03	12.92	17.85	9.7	10.83	21.71
Depreciation & Amortization	16.93	16.65	9.42	12.02	18.5	19.05
Other Amortization	0.28	0.23	-	-	-	0.32
Asset Writedown & Restructuring Costs	-4.82	-4.82	-24.6	-4.43	0.92	-
Provision for Credit Losses	22.43	16.38	18.84	16.32	14.65	15.49
Change in Accounts Payable	-15.49	-17.43	4.67	16.51	-11.96	11.8
Change in Other Net Operating Assets	-31.28	-76.61	46.02	70.51	-29.2	-341.68
Other Operating Activities	6.43	4.51	6.04	18.61	58.59	65.33
Operating Cash Flow	18.4	-40.1	78.15	138.07	55.53	-215.96
Operating Cash Flow Growth	2755.59%	-	-43.40%	148.65%	-	-
Capital Expenditures	-4.34	-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	17.78	-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)	-27.27	34.29	-111.9	-129.63	-39.29	228.52
Common Dividends Paid	-1.94	-2.68	-1.46	-1.62	-3.26	-1.38
Financing Cash Flow	-29.21	31.61	-113.35	-131.25	-42.55	227.14
Net Cash Flow	6.98	-10.95	-39.06	-1.67	12.06	2
Free Cash Flow	14.06	-42.18	77.47	132.15	54.63	-222.47
Free Cash Flow Growth	-	-	-41.37%	141.90%	-	-
Free Cash Flow Margin	258.98%	-36.12%	69.36%	102.74%	49.01%	-157.33%
Free Cash Flow Per Share	0.05	-0.15	0.28	0.48	0.20	-0.89
Cash Interest Paid	-	-	-	-	-	29.6
Cash Income Tax Paid	2.04	3.48	3.86	1.98	1.91	2.46

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