Polski Holding Nieruchomosci S.A. (WSE:PHN)

WSE:PHN Cash Flow Statement

Financials in millions PLN. 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	65.8	-183	-161.5	30.8	78.7	72
Depreciation & Amortization	7.6	8.7	7.8	7.7	7.5	3.8
Gain (Loss) on Sale of Assets	-1.3	-0.9	-0.8	-1.5	-5.4	-0.5
Asset Writedown	106.8	127.3	187.7	-49.1	-39.9	-0.9
Income (Loss) on Equity Investments	-	-	-	-	-	-7.6
Change in Accounts Receivable	119.1	97.6	21.3	-31.9	-10.3	5.8
Change in Other Net Operating Assets	-54.2	19.2	-9.2	-34.1	-55.7	-133.7
Other Operating Activities	56.9	148.2	57.7	102.5	57.9	167.1
Operating Cash Flow	342.2	168.9	56.5	67.6	26.5	252.2
Operating Cash Flow Growth	202.83%	198.94%	-16.42%	155.09%	-89.49%	54.53%
Acquisition of Real Estate Assets	-98.3	-94.5	-74.3	-161.7	-248.3	-165.1
Sale of Real Estate Assets	18	5.4	5.4	6.5	19.5	-
Net Sale / Acq. of Real Estate Assets	-80.3	-89.1	-68.9	-155.2	-228.8	-165.1
Cash Acquisition	-	-	-	-	-132.9	-6.2
Other Investing Activities	-	-	-	-	-	5.1
Investing Cash Flow	-80.7	-91.1	-58.9	-155.2	-361.7	-162.9
Long-Term Debt Issued	-	416.7	401.2	179	96.3	346.8
Long-Term Debt Repaid	-	-345.8	-282.5	-46.3	-46.2	-80.2
Net Debt Issued (Repaid)	-104.6	70.9	118.7	132.7	50.1	266.6
Issuance of Common Stock	-	-	-	-	3.6	-
Common Dividends Paid	-	-	-4.1	-18.5	-17.9	-27.6
Other Financing Activities	-117.6	-117	-97.7	-73.5	-41.3	-20.1
Net Cash Flow	39.3	31.7	14.5	-46.9	-340.7	308.2
Cash Income Tax Paid	93.2	23.1	24.6	-3.5	27.9	17.4
Levered Free Cash Flow	194.78	32.21	-145.06	118.71	-77.94	197.29
Unlevered Free Cash Flow	268.65	108.9	-92.63	146.46	-56.44	215.85
Change in Working Capital	106.4	68.6	-34.4	-22.8	-72.3	18.3

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.