Qatar National Cement Company (Q.P.S.C.) (QSE:QNCD)

QSE:QNCD Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	159.83	205.1	227.1	224.53	148.46
Depreciation & Amortization	48.93	112.53	113.2	114.97	146.35
Loss (Gain) From Sale of Assets	-5.33	-	-	-0	-
Asset Writedown & Restructuring Costs	-	-	-	13.88	-
Loss (Gain) on Equity Investments	-1.09	-3.6	-3.38	-1.83	-1.06
Provision & Write-off of Bad Debts	0.47	0.41	0.67	0.08	0.43
Other Operating Activities	-52.27	-73.04	-44.27	-21.57	-24.25
Change in Accounts Receivable	76.3	91.65	-38.39	-24.95	84.15
Change in Inventory	-14.99	-246.9	12.8	160.67	30.77
Change in Accounts Payable	-63.7	-48.76	-9.79	52.68	-47.06
Operating Cash Flow	148.15	37.39	257.95	518.47	337.78
Operating Cash Flow Growth	296.26%	-85.51%	-50.25%	53.50%	394.72%
Capital Expenditures	-11.8	-15.6	-6.72	-3.85	-13.31
Sale of Property, Plant & Equipment	7.53	-	-	0.04	-
Sale (Purchase) of Intangibles	-1.1	-0.27	-	-	-
Investment in Securities	-227.51	27.08	-296.5	-3.25	27.79
Other Investing Activities	49.84	57.42	35.36	22.92	19.47
Investing Cash Flow	-183.04	68.64	-267.86	15.86	33.96
Long-Term Debt Repaid	-	-	-	-	-91.25
Net Debt Issued (Repaid)	-	-	-	-	-91.25
Common Dividends Paid	-196.06	-196.06	-196.06	-130.71	-196.06
Financing Cash Flow	-196.06	-196.06	-196.06	-130.71	-287.31
Net Cash Flow	-230.94	-90.03	-205.96	403.63	84.42
Free Cash Flow	136.35	21.79	251.23	514.62	324.47
Free Cash Flow Growth	525.77%	-91.33%	-51.18%	58.61%	780.51%
Free Cash Flow Margin	34.35%	4.73%	35.45%	62.42%	49.19%
Free Cash Flow Per Share	0.21	0.03	0.38	0.79	0.50
Levered Free Cash Flow	131.04	9.16	225.73	451.09	183.37
Unlevered Free Cash Flow	131.04	9.16	225.73	451.09	183.67
Change in Working Capital	-2.39	-204.01	-35.37	188.4	67.85

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