Upson International 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	2020
Period Ending	Jun '25 Jun 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	2020
Net Income	491.62	481.51	464.19	537.86	403.64	206.74	Upgrade
Depreciation & Amortization	459.56	406.17	309.08	280.83	303.33	315.34	Upgrade
Other Operating Activities	190.29	192.8	54.72	129.77	100.99	158.12	Upgrade
Change in Accounts Receivable	-109.09	-75.5	-108.77	-24.35	51.89	-11.94	Upgrade
Change in Inventory	-861.72	-943.83	-687.18	-684.13	-520.23	-80.16	Upgrade
Change in Accounts Payable	581.6	-417.38	61.57	-527.96	607.29	-51.04	Upgrade
Change in Other Net Operating Assets	-138.53	-23.52	-25.18	-32.22	-23.9	-6.46	Upgrade
Operating Cash Flow	613.73	-379.74	68.43	-320.21	923.02	530.61	Upgrade
Operating Cash Flow Growth	-	-	-	-	73.95%	-7.74%	Upgrade
Capital Expenditures	-508.29	-176.31	-219.5	-109.23	-58.82	-45.5	Upgrade
Cash Acquisitions	-76	-76	-	-	-	-	Upgrade
Divestitures	-	-	-	-	-	157.64	Upgrade
Other Investing Activities	-	-	-	-	1,099	-61.03	Upgrade
Investing Cash Flow	-584.29	-252.31	-219.5	-109.23	1,040	51.11	Upgrade
Short-Term Debt Issued	-	-	-	-	-	4,123	Upgrade
Long-Term Debt Issued	-	2,883	2,611	2,870	2,855	-	Upgrade
Total Debt Issued	3,419	2,883	2,611	2,870	2,855	4,123	Upgrade
Short-Term Debt Repaid	-	-	-	-	-	-3,982	Upgrade
Long-Term Debt Repaid	-	-2,486	-2,798	-2,562	-4,220	-109.98	Upgrade
Total Debt Repaid	-3,305	-2,486	-2,798	-2,562	-4,220	-4,091	Upgrade
Net Debt Issued (Repaid)	114.23	397.12	-187.15	307.58	-1,365	31.36	Upgrade
Issuance of Common Stock	-	-	1,430	0	232.5	-	Upgrade
Common Dividends Paid	-187.5	-187.5	-413.31	-114.69	-307	-	Upgrade
Other Financing Activities	-160.15	-134.59	-119.32	-62.83	-103.55	-199.23	Upgrade
Financing Cash Flow	-234.62	75.03	710.53	130.06	-1,543	-167.87	Upgrade
Net Cash Flow	-205.18	-557.02	559.46	-299.38	419.95	413.85	Upgrade
Free Cash Flow	105.43	-556.05	-151.07	-429.44	864.2	485.11	Upgrade
Free Cash Flow Growth	-	-	-	-	78.15%	-6.93%	Upgrade
Free Cash Flow Margin	0.87%	-5.00%	-1.51%	-4.54%	10.09%	5.95%	Upgrade
Free Cash Flow Per Share	0.03	-0.18	-0.05	-0.17	0.65	0.36	Upgrade
Cash Interest Paid	160.15	134.59	119.32	62.83	103.55	199.23	Upgrade
Cash Income Tax Paid	159.94	133.98	187.15	135.15	91.81	65.62	Upgrade
Levered Free Cash Flow	-396.21	-982.85	-814.57	-342.75	1,752	1,681	Upgrade
Unlevered Free Cash Flow	-289.58	-887.58	-737.39	-296.41	1,824	1,814	Upgrade
Change in Working Capital	-527.74	-1,460	-759.56	-1,269	115.06	-149.6	Upgrade

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