Makarony Polskie 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	33.67	32.89	24.46	6.39
Depreciation & Amortization	15.03	14.14	9.16	7.99
Other Amortization	0.08	0.02	0.01	0.01
Loss (Gain) From Sale of Assets	-0.22	0.53	1.69	0.22
Other Operating Activities	-3.8	12.08	8.15	-3.13
Change in Accounts Receivable	6.03	-3.2	-17.47	-1.18
Change in Inventory	0.5	15.76	-23.1	2.75
Change in Other Net Operating Assets	-2.63	-19.25	19.34	0.47
Operating Cash Flow	48.67	52.97	22.24	13.5
Operating Cash Flow Growth	-8.11%	138.19%	64.74%	11.25%
Capital Expenditures	-10.46	-6.92	-7.21	-7.41
Sale of Property, Plant & Equipment	0.3	0.15	1.57	0.87
Cash Acquisitions	-	-	-17.11	-
Other Investing Activities	1.35	0.45	-	-
Investing Cash Flow	-8.81	-6.33	-22.75	-6.54
Long-Term Debt Issued	0	0	2.16	20.67
Long-Term Debt Repaid	-5.32	-16.19	-13.05	-13.51
Net Debt Issued (Repaid)	-5.31	-16.19	-10.89	7.16
Issuance of Common Stock	-	-	-	12.89
Repurchase of Common Stock	-1.02	-	-	-
Common Dividends Paid	-8.28	-6.62	-3.31	-2.78
Other Financing Activities	-1.15	-2.66	-3.61	1.52
Financing Cash Flow	-15.77	-25.47	-17.81	18.79
Foreign Exchange Rate Adjustments	-0.01	0.01	0	-0.01
Net Cash Flow	24.1	21.18	-18.33	25.75
Free Cash Flow	38.22	46.04	15.03	6.09
Free Cash Flow Growth	-17.00%	206.41%	146.73%	-
Free Cash Flow Margin	12.60%	12.97%	4.57%	3.59%
Free Cash Flow Per Share	3.46	4.17	1.36	0.65
Cash Interest Paid	1.15	1.85	2.19	0.63
Cash Income Tax Paid	11.08	4.97	4.17	2.78
Levered Free Cash Flow	28.6	40.91	4.04	8.19
Unlevered Free Cash Flow	29.32	42.07	5.4	8.55
Change in Working Capital	3.91	-6.69	-21.22	2.03

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