Sella Capital Real Estate Ltd. (TLV:SLARL)

Smartsheet Cash Flow Statement

Financials in millions ILS. 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	288.8	213	180	266	356.5	161
Depreciation & Amortization	1.25	-0.26	-7.22	-9.85	-5.19	-3.68
Asset Writedown	-151	-90	-41.3	-171	-230.8	-6.7
Stock-Based Compensation	7.68	6.44	6.04	5.34	4.18	3.84
Change in Accounts Receivable	-0.61	2.36	0.83	1.52	1.26	-3.49
Change in Other Net Operating Assets	-4.33	9.16	6.48	15.3	11.63	3.81
Other Operating Activities	94.97	105.62	93.86	119.74	42.27	-9.18
Operating Cash Flow	236.75	246.32	238.7	227.05	179.84	145.61
Operating Cash Flow Growth	-3.46%	3.19%	5.13%	26.25%	23.51%	-0.74%
Acquisition of Real Estate Assets	-43.36	-513.74	-35.11	-942.84	-344.4	-111.38
Net Sale / Acq. of Real Estate Assets	-43.36	-513.74	-35.11	-942.84	-344.4	-111.38
Other Investing Activities	-	-	-	-	-	24.18
Investing Cash Flow	-43.36	-513.74	-35.11	-942.84	-344.4	-87.2
Long-Term Debt Issued	-	589.17	312.37	600.13	417.31	278.12
Total Debt Issued	295.51	589.17	312.37	600.13	417.31	278.12
Long-Term Debt Repaid	-	-311.05	-281.28	-161.67	-24.97	-214.27
Total Debt Repaid	-373.64	-311.05	-281.28	-161.67	-24.97	-214.27
Net Debt Issued (Repaid)	-78.13	278.13	31.09	438.47	392.34	63.86
Issuance of Common Stock	-	8.98	11.65	5.77	164.09	12.73
Common Dividends Paid	-125.29	-123.75	-118.43	-111.71	-101.65	-89.64
Other Financing Activities	10.5	10.5	-	-	-	-
Net Cash Flow	-8.22	-93.56	127.9	-383.27	290.21	45.35
Cash Interest Paid	75.11	64.05	59.99	43.42	41.53	43.2
Levered Free Cash Flow	95.38	98.09	93.19	71.24	118.68	120.88
Unlevered Free Cash Flow	195.95	201.41	181.89	169.74	140.71	143.52
Change in Net Working Capital	3.28	-11.48	-7.31	-15.44	-14.41	-28.17

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