WSE:CAV Cash Flow Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	10.84	90.5	27.15	189.62	145.71
Depreciation & Amortization	6.68	7.75	5.71	3.73	2.38
Asset Writedown	-68.51	-150.62	-105.21	-257.26	-233.8
Stock-Based Compensation	-	-	-	6.33	-1.71
Income (Loss) on Equity Investments	0.08	14.26	-9.44	-30.16	0.79
Change in Accounts Receivable	-10.29	20.26	-8.99	-19.99	-15.95
Change in Other Net Operating Assets	182.62	19.62	-9.63	-2.84	-56
Other Operating Activities	81.74	52.55	-24.48	20.36	37.28
Operating Cash Flow	65.02	-19.49	-125.22	-121.45	-142.5
Acquisition of Real Estate Assets	-207.29	-415.03	-676.27	-527.51	-396.73
Sale of Real Estate Assets	12.86	16.41	644.33	0.09	556.5
Net Sale / Acq. of Real Estate Assets	-194.43	-398.62	-31.94	-527.42	159.77
Other Investing Activities	0.49	1.38	3.7	0.79	1.21
Investing Cash Flow	-188.97	-390.14	-22.23	-504.33	196.84
Long-Term Debt Issued	526.53	881.02	992.27	768.38	447.59
Long-Term Debt Repaid	-362.79	-398.87	-908.88	-187.7	-511.39
Net Debt Issued (Repaid)	163.74	482.16	83.39	580.68	-63.8
Issuance of Common Stock	-	-	-	194.36	-
Common Dividends Paid	-	-	-	-	-4
Other Financing Activities	-84.54	-57.19	-21.22	-30.69	-14.91
Net Cash Flow	-44.75	15.34	-85.28	118.58	-28.37
Cash Interest Paid	-	57.19	21.22	23.53	14.91
Cash Income Tax Paid	-	3.6	45.2	21.77	42.83
Levered Free Cash Flow	39.53	-209.1	-132.38	-33.87	-
Unlevered Free Cash Flow	109.88	-158.32	-114.25	-17.95	-
Change in Net Working Capital	-88.21	150.13	108.44	19.59	-

Updated Nov 27, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.