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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	147.2	180	266	356.5	161	293
Depreciation & Amortization	-2.79	-7.22	-9.85	-5.19	-3.68	-0.65
Asset Writedown	-0.5	-41.3	-171	-230.8	-6.7	-155.4
Stock-Based Compensation	6.26	6.04	5.34	4.18	3.84	3.75
Change in Accounts Receivable	2.44	0.83	1.52	1.26	-3.49	-0.05
Change in Other Net Operating Assets	9.33	6.48	15.3	11.63	3.81	0.76
Other Operating Activities	83.31	93.86	119.74	42.27	-9.18	5.28
Operating Cash Flow	245.25	238.7	227.05	179.84	145.61	146.69
Operating Cash Flow Growth	4.34%	5.13%	26.25%	23.51%	-0.74%	18.02%
Acquisition of Real Estate Assets	-511.06	-35.11	-942.84	-344.4	-111.38	-298.63
Net Sale / Acq. of Real Estate Assets	-511.06	-35.11	-942.84	-344.4	-111.38	-298.63
Other Investing Activities	-	-	-	-	24.18	-13.46
Investing Cash Flow	-511.06	-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	-310.96	-281.28	-161.67	-24.97	-214.27	-341.31
Net Debt Issued (Repaid)	276.89	31.09	438.47	392.34	63.86	313.97
Issuance of Common Stock	26.37	11.65	5.77	164.09	12.73	-
Common Dividends Paid	-121.61	-118.43	-111.71	-101.65	-89.64	-80.7
Net Cash Flow	-84.16	127.9	-383.27	290.21	45.35	67.88
Cash Interest Paid	48.36	50.99	43.42	41.53	43.2	38.01
Levered Free Cash Flow	165.94	151.86	146.07	118.68	120.88	72.96
Unlevered Free Cash Flow	193.53	181.89	169.74	140.71	143.52	99.98
Change in Net Working Capital	-11.74	-7.31	-15.44	-14.41	-28.17	20.22

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