CAP S.A. Cash Flow Statement

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

Millions USD. 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	-84.66	-426.88	-6.99	225.97	741.38
Depreciation & Amortization	414.48	404.06	306.7	295.01	251.61
Other Amortization	0.97	0.81	1.02	1.94	1.42
Other Operating Activities	42.81	409.63	159.51	-274.45	421.56
Operating Cash Flow	373.6	387.63	460.24	248.47	1,416
Operating Cash Flow Growth	-3.62%	-15.78%	85.23%	-82.45%	61.11%
Capital Expenditures	-314.59	-300.5	-516.42	-422.58	-404.91
Sale of Property, Plant & Equipment	1.57	2.31	0.47	5.39	9.19
Cash Acquisitions	-103.31	-24.94	-9.48	-3.94	-15.48
Sale (Purchase) of Intangibles	-0.09	-0.02	-0.15	-	-0.31
Investment in Securities	-109.22	137.42	-40.2	22.85	34.52
Other Investing Activities	137.63	-98.87	41.67	-3.25	-8.68
Investing Cash Flow	-387.98	-284.6	-524.11	-401.53	-385.66
Short-Term Debt Issued	147.18	1,243	1,254	471.3	83.73
Long-Term Debt Issued	271.51	1,201	534.36	66.61	318.79
Total Debt Issued	418.69	2,444	1,789	537.91	402.51
Short-Term Debt Repaid	-	-4.64	-	-	-
Long-Term Debt Repaid	-370.34	-2,480	-1,187	-312.06	-474.15
Total Debt Repaid	-370.34	-2,484	-1,187	-312.06	-474.15
Net Debt Issued (Repaid)	48.35	-40.42	601.23	225.85	-71.63
Issuance of Common Stock	0.14	7.47	0.28	-	-
Common Dividends Paid	-0.91	-45.42	-218.99	-602.99	-462.26
Other Financing Activities	-116.64	-121.99	-90.12	-62.4	-40.8
Financing Cash Flow	-69.05	-200.35	292.4	-439.55	-574.69
Foreign Exchange Rate Adjustments	2.61	-7.5	-2.88	-3.52	-10.01
Net Cash Flow	-80.82	-104.82	225.65	-596.12	445.62
Free Cash Flow	59.01	87.13	-56.18	-174.11	1,011
Free Cash Flow Growth	-32.27%	-	-	-	60.48%
Free Cash Flow Margin	3.06%	4.84%	-2.34%	-5.79%	27.50%
Free Cash Flow Per Share	0.46	0.56	-0.38	-1.17	6.76
Cash Interest Paid	113.08	121.46	94.37	68.27	41.14
Cash Income Tax Paid	35.81	15.19	210.32	474.48	434.66
Levered Free Cash Flow	-52.83	625.2	-286.11	-447.19	1,044
Unlevered Free Cash Flow	18.4	694.21	-235.95	-407.24	1,073

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