Philippine Racing Club Cash Flow Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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	371.45	38	291.13	119.67	266.42	128.9
Depreciation & Amortization	8.63	8.25	9.99	13.68	23.05	24.36
Loss (Gain) From Sale of Assets	-0.02	-0.02	15.67	-	-	-
Asset Writedown & Restructuring Costs	-528.42	-154.52	-298.64	-36.97	-126.63	-268.65
Loss (Gain) From Sale of Investments	47.9	47.9	9.75	-34.28	-92.93	49.65
Other Operating Activities	-36.66	-36.23	162.63	-10.69	-16.31	60.46
Change in Accounts Receivable	180.26	109.16	-83.42	432.9	194.54	389
Change in Accounts Payable	8.91	77.34	-76.11	156.9	56.75	-4.07
Change in Unearned Revenue	0.74	-1.37	6.74	-13.28	-41.6	-26.5
Change in Other Net Operating Assets	-69.52	-95.48	-99.63	-703.14	-35.9	-25.43
Operating Cash Flow	78.38	-6.97	-61.89	-122.79	190.32	253.09
Operating Cash Flow Growth	-	-	-	-	-24.80%	12.24%
Capital Expenditures	-5.54	-8.01	-2.93	-7.05	-6.64	-6.67
Sale of Property, Plant & Equipment	8.05	0.5	-	0.15	-	-
Sale (Purchase) of Real Estate	78.07	31.37	122.08	-	-0.24	-34.84
Investment in Securities	-	-	-48.8	-1.83	-32.36	-63.7
Other Investing Activities	28.11	27.68	26.37	25.77	23.59	1.67
Investing Cash Flow	108.68	51.53	96.72	17.03	-15.65	-103.54
Long-Term Debt Issued	-	20.45	-	644.28	-	-
Long-Term Debt Repaid	-	-3.3	-205.77	-420.02	-231.46	-175.39
Net Debt Issued (Repaid)	-27.29	17.15	-205.77	224.26	-231.46	-175.39
Common Dividends Paid	-35.01	-35.01	-48.75	-35.34	-35.01	-38.78
Other Financing Activities	-	-	-	-	-	-3.81
Financing Cash Flow	-62.3	-17.86	-254.52	188.92	-266.47	-217.98
Miscellaneous Cash Flow Adjustments	-	-	-0	-	-	-
Net Cash Flow	124.76	26.71	-219.68	83.16	-91.79	-68.43
Free Cash Flow	72.84	-14.98	-64.82	-129.84	183.69	246.42
Free Cash Flow Growth	-	-	-	-	-25.46%	16.31%
Free Cash Flow Margin	45.91%	-13.80%	-15.67%	-45.03%	65.68%	139.48%
Free Cash Flow Per Share	0.14	-0.03	-0.13	-0.26	0.36	0.48
Cash Interest Paid	-	-	-	-	-	3.81
Cash Income Tax Paid	32.4	32.4	12.23	48.98	12.82	40.56
Levered Free Cash Flow	106.11	51.51	-26.17	-503.59	164.96	79.28
Unlevered Free Cash Flow	120.71	65.48	-8.83	-482.66	181.38	101.82
Change in Working Capital	215.5	89.66	-252.42	-126.62	173.78	333

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.