Philippine Estates Corporation (PSE:PHES)

Philippine Estates Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	186.46	62.87	58.47	27.59	45.81
Depreciation & Amortization	4.01	4.87	3.87	4.15	4.03
Other Amortization	-	0.35	0.09	-	0.12
Provision & Write-off of Bad Debts	-	0.31	3.29	-0.24	-0.14
Other Operating Activities	77.28	33.83	26.88	23.24	7.91
Change in Accounts Receivable	-35.3	162.53	-73.35	-187.84	0.58
Change in Inventory	-46.34	-196.61	9.82	-1,162	-40.34
Change in Accounts Payable	103.19	51.35	12.95	-8.93	18.22
Change in Unearned Revenue	62.01	58.58	-54.31	19.34	-24.81
Change in Other Net Operating Assets	-3.58	40.02	28.67	-90.01	3.04
Operating Cash Flow	347.72	218.09	16.37	-1,375	14.43
Operating Cash Flow Growth	59.44%	1232.02%	-	-	48.87%
Capital Expenditures	-0.76	-1.17	-0.72	-0.63	-1.25
Other Investing Activities	-331.3	-108.21	31.61	-81.12	-2.45
Investing Cash Flow	-332.05	-109.38	30.89	-81.75	-3.7
Long-Term Debt Issued	132.04	142.51	106.98	140.71	105.22
Long-Term Debt Repaid	-140.24	-222.84	-136.57	-113.64	-105.46
Net Debt Issued (Repaid)	-8.2	-80.34	-29.59	27.07	-0.24
Issuance of Common Stock	-	-	0.08	1,072	373.55
Other Financing Activities	-18.22	-15.13	-15.23	-14.42	-15.84
Financing Cash Flow	-26.41	-95.47	-44.73	1,085	357.47
Net Cash Flow	-10.75	13.24	2.53	-372.14	368.2
Free Cash Flow	346.96	216.91	15.66	-1,376	13.17
Free Cash Flow Growth	59.96%	1285.43%	-	-	40.43%
Free Cash Flow Margin	194.24%	156.48%	5.65%	-612.10%	7.31%
Free Cash Flow Per Share	0.12	0.07	0.01	-0.58	0.01
Cash Interest Paid	-	15.13	15.23	14.42	15.84
Cash Income Tax Paid	-	26.11	10.97	6.46	5.93
Levered Free Cash Flow	-397.04	260.69	-352.88	-1,387	268.21
Unlevered Free Cash Flow	-385.59	270.25	-343.27	-1,378	278.25
Change in Working Capital	79.98	115.86	-76.23	-1,430	-43.31

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