SBS Transit Cash Flow Statement

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	70.3	69.08	68.02	51.63	78.96
Depreciation & Amortization	87.16	92.62	93.99	105.34	109.05
Loss (Gain) From Sale of Assets	0.19	0.09	-0.36	15.81	-0.27
Stock-Based Compensation	1.29	0.98	0.32	-	-
Provision & Write-off of Bad Debts	0.11	0.01	0	-0.34	0.4
Other Operating Activities	-6.15	-13.24	9.13	-9.29	9.65
Change in Accounts Receivable	-46.16	-43.08	-7	37.66	-55.88
Change in Inventory	-21.27	-25.59	-12.19	3.55	-1.57
Change in Accounts Payable	-35.91	0.26	34.65	48.41	-7.19
Change in Unearned Revenue	-0.34	-0.29	-0.42	-25.11	23.64
Change in Other Net Operating Assets	-7.38	-5.97	-3.58	-3.32	-5.56
Operating Cash Flow	41.85	74.87	182.57	224.34	151.22
Operating Cash Flow Growth	-44.11%	-58.99%	-18.62%	48.36%	80.78%
Capital Expenditures	-20.35	-15.66	-10.68	-33.1	-18.32
Sale of Property, Plant & Equipment	26.52	0.23	1.41	0.28	1.85
Other Investing Activities	11.92	12.66	3	0.28	0.27
Investing Cash Flow	18.08	-2.78	-6.27	-32.54	-16.19
Long-Term Debt Issued	-	-	-	4	130.5
Long-Term Debt Repaid	-12.1	-11.05	-10.41	-39.7	-191.83
Net Debt Issued (Repaid)	-12.1	-11.05	-10.41	-35.7	-61.33
Common Dividends Paid	-34.83	-34.4	-24.64	-37.58	-18.4
Other Financing Activities	0.03	0.02	0.02	-0.05	-1.2
Financing Cash Flow	-46.91	-45.44	-35.03	-73.33	-80.93
Net Cash Flow	13.03	26.66	141.27	118.47	54.1
Free Cash Flow	21.5	59.21	171.89	191.24	132.9
Free Cash Flow Growth	-63.69%	-65.55%	-10.12%	43.90%	143.09%
Free Cash Flow Margin	1.38%	3.88%	11.34%	14.59%	10.80%
Free Cash Flow Per Share	0.07	0.19	0.55	0.61	0.43
Cash Interest Paid	0.7	1.15	1.47	1.35	3.32
Cash Income Tax Paid	21.63	31.18	22.01	17.42	14.12
Levered Free Cash Flow	10.71	55.16	162.62	142.13	51.73
Unlevered Free Cash Flow	11.15	55.88	163.54	142.97	53.76
Change in Working Capital	-111.05	-74.66	11.46	61.19	-46.56

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