Cosan S.A. (CSAN)
NYSE: CSAN · Real-Time Price · USD
2.970
-0.070 (-2.30%)
At close: Aug 6, 2026, 4:00 PM EDT
2.930
-0.040 (-1.35%)
Pre-market: Aug 7, 2026, 6:40 AM EDT
Cosan Cash Flow Statement
Financials in millions BRL. Fiscal year is January - December.
Millions BRL. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 1,509 | -7,991 | -5,245 | 5,114 | 2,653 | 6,251 |
Depreciation & Amortization | - | 3,891 | 3,869 | 3,365 | 3,014 | 2,504 |
Stock-Based Compensation | - | 71.73 | 65.9 | 207.71 | 99.09 | 53.13 |
Other Adjustments | 11,210 | 20,299 | 17,046 | 4,041 | 4,914 | -1,998 |
Change in Receivables | - | 539.73 | 546.22 | 573.74 | -6.33 | -404.02 |
Changes in Inventories | - | -107.77 | 159.67 | -83.17 | -423.43 | -245.17 |
Changes in Accounts Payable | - | -246.61 | -180.87 | -252.81 | 510.62 | 591.98 |
Changes in Accrued Expenses | -10.52 | -558.4 | -579.79 | -390.45 | -339.66 | -184.09 |
Changes in Income Taxes Payable | -262.7 | -2,162 | -1,842 | -817.2 | -537.1 | -794.69 |
Changes in Other Operating Activities | -1,214 | -708.68 | -756.79 | -1,481 | 87.7 | -626.79 |
Operating Cash Flow | 11,741 | 13,027 | 13,081 | 10,276 | 9,972 | 5,147 |
Operating Cash Flow Growth | 2.32% | -0.42% | 27.29% | 3.05% | 93.74% | -9.01% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -8,472 | -8,460 | -7,835 | -6,268 | -4,531 | -4,775 |
Sale of Property, Plant & Equipment | - | 9.47 | 36.93 | 4.64 | 9.32 | 3.09 |
Purchases of Investments | - | -46.98 | -0.94 | -115.28 | -14,247 | -919.53 |
Proceeds from Sale of Investments | 7.9 | 10,201 | 4,589 | 2,605 | 3,423 | 836.16 |
Cash Acquisitions | -175.03 | -867.34 | -979.43 | -702.58 | -5,289 | -592.73 |
Proceeds from Business Divestments | - | 7.43 | 24.51 | 62.7 | 44.97 | - |
Other Investing Activities | -467 | -920.18 | -324.15 | 110.75 | -136.36 | -28.31 |
Investing Cash Flow | -10,093 | -76.07 | -4,488 | -4,303 | -20,727 | -5,476 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | 3,632 | 11,547 | 16,983 | 12,786 | 23,887 | 12,549 |
Long-Term Debt Repaid | -2,813 | -14,294 | -12,188 | -8,055 | -15,278 | -9,925 |
Net Long-Term Debt Issued (Repaid) | 819 | -2,747 | 4,796 | 4,731 | 8,609 | 2,623 |
Issuance of Common Stock | 31.98 | 10,280 | - | - | 2.37 | 69.16 |
Repurchase of Common Stock | - | -34.02 | -192.92 | -103.28 | -84.59 | -26.1 |
Net Common Stock Issued (Repurchased) | 31.98 | 10,246 | -192.92 | -103.28 | -82.22 | 43.05 |
Issuance of Preferred Stock | - | 6,793 | - | - | 8,127 | 2,252 |
Repurchase of Preferred Stock | - | -6,245 | -204.97 | -24.28 | -506.94 | -698.15 |
Net Preferred Stock Issued (Repurchased) | - | 548.09 | -204.97 | -24.28 | 7,620 | 1,554 |
Common Dividends Paid | -2,276 | -1,699 | -2,779 | -2,582 | -1,908 | -2,559 |
Preferred Share Dividends Paid | - | -994.59 | -668.02 | - | - | - |
Other Financing Activities | 10,564 | -7,706 | -7,557 | -6,537 | -5,952 | 686.91 |
Financing Cash Flow | -1,247 | -2,352 | -6,606 | -4,517 | 8,286 | 2,349 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -190 | -258.63 | 257.9 | -100 | -404.34 | 511.47 |
Net Cash Flow | 12,247 | 10,599 | 1,987 | 1,457 | -2,468 | 2,020 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 3,269 | 4,567 | 5,247 | 4,008 | 5,441 | 372.35 |
Free Cash Flow Growth | 13.08% | -12.96% | 30.89% | -26.33% | 1361.21% | -77.05% |
FCF Margin | 8.22% | 11.30% | 11.94% | 10.16% | 13.84% | 1.43% |
Free Cash Flow Per Share | 4.86 | 7.31 | 11.27 | 8.55 | 11.61 | 0.81 |
Levered Free Cash Flow | -11,776 | -20,822 | -11,794 | -102.1 | 7,566 | 5,406 |
Unlevered Free Cash Flow | -4,203 | 4,998 | 5,199 | 4,449 | 5,599 | 849.73 |