Rainbow Tours Cash Flow Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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	269.65	281.98	172.84	21.5	17.27	-42.21
Depreciation & Amortization	26.52	22.45	21.88	21.59	20.65	16.71
Loss (Gain) From Sale of Assets	-8.24	-2.36	-14.79	1.85	2.43	0.74
Other Operating Activities	117	53.07	54.73	-7.41	-22.32	5.22
Change in Accounts Receivable	241.8	-153.02	-133.63	-4.82	66.28	-17.16
Change in Inventory	-0.74	-0.05	-0.01	-0.08	0.02	0.68
Change in Other Net Operating Assets	-219.76	60.53	155.09	49.89	60.69	-55.5
Operating Cash Flow	426.23	262.61	256.1	82.52	145.02	-91.52
Operating Cash Flow Growth	192.98%	2.54%	210.36%	-43.10%	-	-
Capital Expenditures	-23.41	-48.97	-32.86	-25.79	-44.49	-32.7
Sale of Property, Plant & Equipment	0.44	0.28	0.06	0.46	0.05	0.21
Cash Acquisitions	-86.9	-52.13	-	-	-	-
Other Investing Activities	21.82	18.76	14.07	5.16	0.07	3.08
Investing Cash Flow	-81.75	-82.06	-18.74	-20.17	-44.36	-28.91
Long-Term Debt Issued	-	3.55	12.35	48.03	12.06	132.69
Long-Term Debt Repaid	-	-28.28	-82.08	-20.52	-96.69	-45.72
Net Debt Issued (Repaid)	-32.73	-24.73	-69.72	27.51	-84.63	86.98
Issuance of Common Stock	-	-	-	-	41.65	-
Common Dividends Paid	-160.07	-128.49	-18.77	-21.83	-	-
Other Financing Activities	-13.8	-15.7	-15.66	-9.55	-2.55	-4.83
Financing Cash Flow	-206.61	-168.93	-104.15	-3.87	-45.53	82.15
Foreign Exchange Rate Adjustments	0.38	0.38	-	-	-	-
Miscellaneous Cash Flow Adjustments	-47.88	-	-0	-	-	-
Net Cash Flow	90.37	12	133.21	58.48	55.13	-38.29
Free Cash Flow	402.82	213.64	223.24	56.73	100.52	-124.22
Free Cash Flow Growth	328.61%	-4.30%	293.52%	-43.57%	-	-
Free Cash Flow Margin	8.99%	5.25%	6.78%	2.37%	7.86%	-28.59%
Free Cash Flow Per Share	27.68	14.68	15.34	3.90	6.58	-8.54
Cash Interest Paid	13.8	15.7	15.66	9.55	2.55	4.83
Cash Income Tax Paid	-	7.49	7.07	0.82	0.22	1.65
Levered Free Cash Flow	245.81	143.27	298.02	56.47	121.17	-158.35
Unlevered Free Cash Flow	248.27	145.29	298.78	57.84	123.05	-155.68
Change in Working Capital	21.29	-92.53	21.45	44.99	126.99	-71.98

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