I.B.I.- Managing & Underwriting Ltd (TLV: IBIU)

TLV: IBIU Cash Flow Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	12.16	8.27	14.24	42.79	31.1	27.08
Depreciation & Amortization, Total	0.76	0.84	1.04	0.93	0.97	1.19
Gain (Loss) On Sale of Investments	-0.15	1.4	1.55	-0.16	-4.23	0.88
Stock-Based Compensation	3.49	3.67	3.06	0.4	0.98	1.85
Change in Accounts Receivable	-0.5	0.2	-0.78	1.29	0.08	-1.2
Change in Other Net Operating Assets	2.98	6.94	-32.97	8.7	15.63	5.95
Other Operating Activities	2.84	8.29	-7.57	-6.14	0.48	9.3
Operating Cash Flow	21.57	29.61	-21.43	47.88	45.01	45.19
Capital Expenditures	-0.03	-0.03	-0.05	-0.07	-0.17	-0.21
Investment in Securities	-48.95	-51.67	10.72	-9.14	10.95	-6.74
Investing Cash Flow	-48.98	-51.71	10.67	-9.21	13.63	-8.78
Short-Term Debt Issued	-	-	-	-	-	0.21
Total Debt Issued	-	-	-	-	-	0.21
Short-Term Debt Repaid	-	-	-	-	-0.21	-
Long-Term Debt Repaid	-	-0.84	-0.94	-0.89	-0.92	-0.87
Total Debt Repaid	-0.77	-0.84	-0.94	-0.89	-1.14	-0.87
Net Debt Issued (Repaid)	-0.77	-0.84	-0.94	-0.89	-1.14	-0.66
Issuance of Common Stock	19.68	46.39	0	0.01	0	0
Common Dividends Paid	-11.7	-6.5	-26.3	-47.4	-23	-18.2
Financing Cash Flow	7.21	39.05	-27.24	-48.28	-24.13	-18.86
Net Cash Flow	-20.2	16.95	-37.99	-9.61	34.51	17.55
Free Cash Flow	21.54	29.57	-21.48	47.81	44.84	44.98
Free Cash Flow Growth	-18.96%	-	-	6.63%	-0.31%	1053.60%
Free Cash Flow Margin	68.14%	107.55%	-48.50%	45.54%	54.55%	63.38%
Free Cash Flow Per Share	0.69	1.11	-1.00	1.70	2.19	2.25
Cash Interest Paid	0.03	0.04	0.04	-	0.02	0.07
Cash Income Tax Paid	1.09	-5.71	12.42	21.69	8.32	-0.31

Source: S&P Capital IQ. Capital Markets template. Financial Sources.