Sella Capital Real Estate Ltd. (TLV:SLARL)

Sella Capital Real Estate 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	202	180	266	356.5	161	293
Depreciation & Amortization	-0.7	-7.22	-9.85	-5.19	-3.68	-0.65
Asset Writedown	-83.8	-41.3	-171	-230.8	-6.7	-155.4
Stock-Based Compensation	6.3	6.04	5.34	4.18	3.84	3.75
Change in Accounts Receivable	1.43	0.83	1.52	1.26	-3.49	-0.05
Change in Other Net Operating Assets	9.06	6.48	15.3	11.63	3.81	0.76
Other Operating Activities	110.35	93.86	119.74	42.27	-9.18	5.28
Operating Cash Flow	244.64	238.7	227.05	179.84	145.61	146.69
Operating Cash Flow Growth	0.71%	5.13%	26.25%	23.51%	-0.74%	18.02%
Acquisition of Real Estate Assets	-505.45	-35.11	-942.84	-344.4	-111.38	-298.63
Net Sale / Acq. of Real Estate Assets	-505.45	-35.11	-942.84	-344.4	-111.38	-298.63
Other Investing Activities	-	-	-	-	24.18	-13.46
Investing Cash Flow	-505.45	-35.11	-942.84	-344.4	-87.2	-312.09
Short-Term Debt Issued	-	-	-	-	-	120
Long-Term Debt Issued	-	312.37	600.13	417.31	278.12	535.28
Total Debt Issued	587.85	312.37	600.13	417.31	278.12	655.28
Short-Term Debt Repaid	-	-	-	-	-	-47.51
Long-Term Debt Repaid	-	-281.28	-161.67	-24.97	-214.27	-293.8
Total Debt Repaid	-311.05	-281.28	-161.67	-24.97	-214.27	-341.31
Net Debt Issued (Repaid)	276.8	31.09	438.47	392.34	63.86	313.97
Issuance of Common Stock	15.11	11.65	5.77	164.09	12.73	-
Common Dividends Paid	-122.7	-118.43	-111.71	-101.65	-89.64	-80.7
Net Cash Flow	-81.09	127.9	-383.27	290.21	45.35	67.88
Cash Interest Paid	47.51	50.99	43.42	41.53	43.2	38.01
Levered Free Cash Flow	148.63	151.86	146.07	118.68	120.88	72.96
Unlevered Free Cash Flow	196.66	181.89	169.74	140.71	143.52	99.98
Change in Net Working Capital	-10.05	-7.31	-15.44	-14.41	-28.17	20.22

Source: S&P Capital IQ. Real Estate template. Financial Sources.