Afya Limited Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	2018 - 2017
Net Income	477.59	386.32	373.57	223.33	292.08	153.92	Upgrade
Depreciation & Amortization	302.81	289.51	206.22	154.22	108.74	73.15	Upgrade
Share-Based Compensation	33.67	31.54	31.27	43.38	32.61	18.11	Upgrade
Other Operating Activities	315.86	336.25	232.84	209.94	-61.92	54.03	Upgrade
Operating Cash Flow	1,130	1,044	843.9	630.87	371.51	299.22	Upgrade
Operating Cash Flow Growth	26.00%	23.67%	33.77%	69.81%	24.16%	272.54%	Upgrade
Capital Expenditures	-114.09	-118.44	-168.13	-125.87	-89.83	-56.96	Upgrade
Acquisitions	-450.37	-886.52	-301.2	-1,017.13	-919.97	-241.57	Upgrade
Change in Investments	-10.8	-11.1	6.75	11.77	0	1.6	Upgrade
Other Investing Activities	-177.81	-126.99	-128.89	-142.83	-32.97	-57.22	Upgrade
Investing Cash Flow	-753.07	-1,143.05	-591.47	-1,274.05	-1,042.76	-354.15	Upgrade
Share Issuance / Repurchase	-1.75	-2.58	-152.32	-180.39	394.61	1,160	Upgrade
Debt Issued / Paid	-470.06	-418.62	265	563.71	394.5	-107.49	Upgrade
Other Financing Activities	-16.33	-18.75	-19.74	-18.65	-32.69	-131.48	Upgrade
Financing Cash Flow	-488.14	-439.94	92.94	364.68	756.42	921.44	Upgrade
Exchange Rate Effect	-0.33	-0.68	-0.85	-17.97	16.67	14.45	Upgrade
Net Cash Flow	-111.61	-540.05	344.52	-296.48	101.83	880.95	Upgrade
Free Cash Flow	1,016	925.19	675.77	505	281.68	242.25	Upgrade
Free Cash Flow Growth	38.78%	36.91%	33.82%	79.28%	16.27%	292.73%	Upgrade
Free Cash Flow Margin	34.20%	32.17%	29.01%	29.37%	23.45%	32.27%	Upgrade
Free Cash Flow Per Share	10.84	9.87	7.21	5.39	3.14	2.76	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).