Afya Limited Cash Flow Statement

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

Millions BRL. 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	811.83	676.39	429.58	428.43	273.46	335.05
Depreciation & Amortization	365.32	333.34	289.51	206.22	154.22	108.74
Stock-Based Compensation	22.81	32.42	31.54	31.27	43.38	32.61
Other Adjustments	524.7	409.87	352.39	287.9	208.6	64.24
Change in Receivables	-185.89	-97.45	-131.34	-129.17	-79.67	-164.29
Changes in Inventories	-	-	-	-	-3.72	-3.11
Changes in Accounts Payable	12.4	18.13	24.5	9.98	14.48	4.48
Changes in Accrued Expenses	17.19	8.41	31.53	21.25	23.45	11.13
Changes in Income Taxes Payable	-6.76	-14.8	3.28	-3.92	-14.9	-0.55
Changes in Unearned Revenue	-7.72	6.33	-17.89	8.39	36.01	-1.95
Changes in Other Operating Activities	14.69	60.01	30.53	-16.45	-24.45	-14.84
Operating Cash Flow	1,562	1,433	1,044	843.9	630.87	371.51
Operating Cash Flow Growth	20.58%	37.28%	23.67%	33.77%	69.81%	24.16%
Capital Expenditures	-167.2	-136.92	-118.44	-168.13	-125.87	-89.83
Purchases of Intangible Assets	-171.81	-255.69	-126.99	-128.89	-150.93	-47.75
Payments for Business Acquisitions	-192.57	-627.57	-836.01	-277.65	-1,005	-919.97
Other Investing Activities	-69.8	-71.43	-61.62	-16.8	7.77	14.79
Investing Cash Flow	-594.11	-1,092	-1,143	-591.47	-1,274	-1,043
Long-Term Debt Issued	-0.76	491.59	5.29	496.89	809.54	605.04
Long-Term Debt Repaid	-303.72	-128.7	-112.63	-1.79	-107.77	-155.09
Net Long-Term Debt Issued (Repaid)	-304.48	362.9	-107.34	495.09	701.77	449.95
Issuance of Common Stock	29.07	9.38	9.79	-	33.34	394.61
Repurchase of Common Stock	-	-	-12.37	-152.32	-213.72	-
Net Common Stock Issued (Repurchased)	29.07	9.38	-2.58	-152.32	-180.39	394.61
Common Dividends Paid	-73.33	-	-	-	-	-
Other Financing Activities	-381.08	-348.31	-330.02	-249.84	-156.71	-88.14
Financing Cash Flow	-806.2	23.97	-439.94	92.94	364.68	756.42
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-2	-7.03	-0.68	-0.85	-17.97	16.67
Net Cash Flow	159.95	357.99	-540.05	344.52	-296.48	101.83
Free Cash Flow	1,395	1,296	925.19	675.77	505	281.68
Free Cash Flow Growth	7.66%	40.05%	36.91%	33.82%	79.28%	16.27%
FCF Margin	38.40%	39.21%	32.17%	29.01%	29.37%	23.45%
Free Cash Flow Per Share	15.05	14.21	10.22	7.45	5.37	3.01
Levered Free Cash Flow	652.86	1,269	522	925.99	984.32	756.09
Unlevered Free Cash Flow	1,344	1,246	966.93	666.13	449.85	348.04

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q