Ratio Energies - Limited Partnership (TLV:RATI)

TLV:RATI Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	131.66	139.44	126.82	149.55	77.44	6.95
Depreciation & Amortization	27.11	28.43	26.61	29.67	28	23.44
Loss (Gain) From Sale of Investments	-0.68	-2.65	1.86	3.41	14.42	24.85
Other Operating Activities	20.8	9.23	31.08	6.82	7.48	23.77
Change in Accounts Receivable	36.39	-4.9	0.87	-17.39	-9.73	-38.21
Change in Accounts Payable	-0.04	-0.04	0.08	0.07	0.02	-0.01
Change in Other Net Operating Assets	-3.54	-10.3	-0.65	-4.17	9.09	-3.27
Operating Cash Flow	212.35	159.22	186.67	167.97	122.44	39.22
Operating Cash Flow Growth	61.59%	-14.70%	11.13%	37.18%	212.18%	-
Capital Expenditures	-44.36	-40.56	-34.2	-28.53	-9.29	-53.17
Investment in Securities	44.06	39.71	-9.52	-6.64	-22.62	-46.14
Other Investing Activities	-6.21	-0.59	-24.53	19.25	-16.85	8.79
Investing Cash Flow	-6.51	-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)	-61.2	-73.82	-67.49	-144.71	-25.45	27.83
Common Dividends Paid	-70	-60	-65	-25	-	-
Other Financing Activities	-	-	11.48	-13.92	-13.23	1.24
Financing Cash Flow	-131.2	-133.81	-121.01	-183.62	-38.69	29.07
Foreign Exchange Rate Adjustments	-0.03	-0.12	-1.14	-2.55	0.61	0.31
Net Cash Flow	74.61	23.85	-3.73	-34.13	35.6	-21.92
Free Cash Flow	167.99	118.66	152.47	139.43	113.15	-13.95
Free Cash Flow Growth	74.89%	-22.18%	9.35%	23.23%	-	-
Free Cash Flow Margin	58.22%	38.16%	49.97%	43.30%	46.28%	-8.58%
Free Cash Flow Per Share	0.15	0.11	0.14	0.12	0.10	-0.01
Cash Interest Paid	24.97	51.79	56.75	62.35	69.68	52.24
Cash Income Tax Paid	10.45	33.52	13.49	12.53	-	-
Levered Free Cash Flow	177.6	65.61	118	74.05	101.32	-51.89
Unlevered Free Cash Flow	206.62	96.32	156.08	107.65	133.35	-15.02
Change in Working Capital	33.12	-15.23	0.3	-21.49	-4.9	-39.78

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