CapitaLand Ascott Trust Cash Flow Statement

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	327.61	241.18	231.26	223.31	309.32
Depreciation & Amortization	37.47	38.22	38.9	35.77	32.64
Other Amortization	4.35	5.03	3.53	3.79	3.47
Gain (Loss) on Sale of Assets	-98.13	-62.26	-14.7	0.25	-153.2
Asset Writedown	-128.37	-49.94	-100.9	-127.67	-147.26
Stock-Based Compensation	28.2	26.59	24.67	21.76	17.03
Income (Loss) on Equity Investments	-	-0.02	-0.01	-3.89	0.24
Change in Accounts Receivable	-7	-26.08	-28.73	-6.87	-31.96
Change in Accounts Payable	-40.01	-27.89	-11.35	14.03	-13.69
Other Operating Activities	229.12	169.17	157.79	121.12	123.54
Operating Cash Flow	355.55	317.15	300.66	282.32	145.63
Operating Cash Flow Growth	12.11%	5.49%	6.49%	93.87%	96.54%
Acquisition of Real Estate Assets	-323.43	-345.84	-400.23	-320.05	-771.64
Sale of Real Estate Assets	251.56	494.26	63.27	0.54	0.65
Net Sale / Acq. of Real Estate Assets	-71.87	148.42	-336.95	-319.51	-770.99
Other Investing Activities	5.99	4.33	39.28	10.69	-21
Investing Cash Flow	-65.89	176.45	-296.68	-308.82	-538.55
Long-Term Debt Issued	1,336	1,295	755.42	1,647	754.95
Long-Term Debt Repaid	-1,300	-1,212	-683.54	-1,489	-431.08
Net Debt Issued (Repaid)	35.76	82.77	71.88	157.96	323.87
Issuance of Common Stock	260	150	303.05	170	150
Repurchase of Common Stock	-250	-150	-	-	-
Common Dividends Paid	-245.65	-226.45	-211.71	-182.17	-155.97
Other Financing Activities	-110.78	-116.6	-98.74	-74.63	-59.27
Foreign Exchange Rate Adjustments	-8.76	-14.98	-6.42	-27.17	-5.96
Miscellaneous Cash Flow Adjustments	-	-3.09	-	-	-
Net Cash Flow	-29.78	215.24	62.05	17.5	-140.25
Cash Interest Paid	101.87	101.29	80.37	62.53	51.93
Cash Income Tax Paid	25.87	23.06	31.54	31.55	4.43
Levered Free Cash Flow	211.18	286.7	-28	207.72	121.6
Unlevered Free Cash Flow	276.95	357.73	33.23	247.67	150.21
Change in Working Capital	-46.92	-54.11	-40.33	7.19	-45.64

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