Azul S.A. (AZUL)

Azul S.A. Cash Flow Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	-2,380.46	-2,380.46	-722.37	-4,213.21	-10,834.71	-2,403.09
Depreciation & Amortization	2,404	2,404	2,094	1,544	1,806	1,622
Share-Based Compensation	71.64	71.64	-18.25	17.18	22.91	17.24
Other Operating Activities	3,344	3,344	1,083	2,341	9,982	3,358
Operating Cash Flow	3,440	3,440	2,437	-310.62	976.23	2,595
Operating Cash Flow Growth	41.13%	41.13%	-	-	-62.38%	47.01%
Capital Expenditures	-711.66	-711.66	-412.53	-603.03	-297.4	-1,368.58
Acquisitions	0	0	-30.32	-20	-38.71	0
Change in Investments	0	0	1.52	90.68	41.87	314.22
Other Investing Activities	-162.83	-162.83	-198.53	-152.54	-109.59	-132.45
Investing Cash Flow	-874.48	-874.48	-639.85	-684.89	-403.83	-1,186.82
Share Issuance / Repurchase	-6.01	-6.01	19.02	-16.2	23.78	24.91
Debt Issued / Paid	-901.07	-901.07	-4,210.04	880.47	909.73	-954.69
Other Financing Activities	-485.87	-485.87	-12.57	-51.64	-	16.28
Financing Cash Flow	-1,392.94	-1,392.94	-4,203.59	812.64	933.51	-913.5
Exchange Rate Effect	56.72	56.72	0.67	191.86	-88.97	-15.57
Net Cash Flow	1,229	1,229	-2,405.45	8.98	1,417	478.74
Free Cash Flow	2,728	2,728	2,025	-913.65	678.83	1,226
Free Cash Flow Growth	34.73%	34.73%	-	-	-44.63%	17.71%
Free Cash Flow Margin	14.70%	14.70%	12.70%	-9.16%	11.82%	10.72%
Free Cash Flow Per Share	23.52	23.52	17.55	-7.97	5.96	10.85

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