TLV:RATI Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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	128.15	139.44	126.82	149.55	77.44	6.95
Depreciation & Amortization	28.37	28.43	26.61	29.67	28	23.44
Loss (Gain) From Sale of Investments	1.83	-2.65	1.86	3.41	14.42	24.85
Other Operating Activities	17.88	9.23	31.08	6.82	7.48	23.77
Change in Accounts Receivable	7.35	-4.9	0.87	-17.39	-9.73	-38.21
Change in Accounts Payable	-	-0.04	0.08	0.07	0.02	-0.01
Change in Other Net Operating Assets	-0.25	-10.3	-0.65	-4.17	9.09	-3.27
Operating Cash Flow	183.94	159.22	186.67	167.97	122.44	39.22
Operating Cash Flow Growth	17.68%	-14.70%	11.13%	37.18%	212.18%	-
Capital Expenditures	-55.25	-40.56	-34.2	-28.53	-9.29	-53.17
Investment in Securities	29.82	39.71	-9.52	-6.64	-22.62	-46.14
Other Investing Activities	-11.09	-0.59	-24.53	19.25	-16.85	8.79
Investing Cash Flow	-36.52	-1.43	-68.25	-15.92	-48.76	-90.52
Long-Term Debt Issued	-	24.72	5	20	90.77	52.98
Long-Term Debt Repaid	-	-98.53	-72.49	-164.71	-116.23	-25.14
Net Debt Issued (Repaid)	-7.55	-73.82	-67.49	-144.71	-25.45	27.83
Common Dividends Paid	-130	-60	-65	-25	-	-
Other Financing Activities	-	-	11.48	-13.92	-13.23	1.24
Financing Cash Flow	-137.55	-133.81	-121.01	-183.62	-38.69	29.07
Foreign Exchange Rate Adjustments	-0.04	-0.12	-1.14	-2.55	0.61	0.31
Net Cash Flow	9.83	23.85	-3.73	-34.13	35.6	-21.92
Free Cash Flow	128.69	118.66	152.47	139.43	113.15	-13.95
Free Cash Flow Growth	7.56%	-22.18%	9.35%	23.23%	-	-
Free Cash Flow Margin	46.05%	38.16%	49.97%	43.30%	46.28%	-8.58%
Free Cash Flow Per Share	0.12	0.11	0.14	0.12	0.10	-0.01
Cash Interest Paid	42.31	51.79	56.75	62.35	69.68	52.24
Cash Income Tax Paid	18.15	33.52	13.49	12.53	-	-
Levered Free Cash Flow	68.95	65.61	118	74.05	101.32	-51.89
Unlevered Free Cash Flow	94.1	96.32	156.08	107.65	133.35	-15.02
Change in Working Capital	7.1	-15.23	0.3	-21.49	-4.9	-39.78

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