Belpointe PREP, LLC Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020
Net Income	-14.35	-7.68	-3.14	-0.11
Depreciation & Amortization	2.07	1.29	0.59	0.04
Other Operating Activities	5.34	-0.26	0.28	0.06
Operating Cash Flow	-6.95	-6.65	-2.27	-0.01
Capital Expenditures	-144.92	-66.85	-60	-28.42
Acquisitions	0	0.09	16.67	0
Change in Investments	-0.16	3.46	0	0
Other Investing Activities	-0.04	-0.23	-0.04	-
Investing Cash Flow	-145.12	-63.53	-43.37	-28.42
Share Issuance / Repurchase	7.93	34.43	192.91	0.01
Debt Issued / Paid	23.26	-10.8	39	35
Other Financing Activities	-0.5	-0.82	-0.51	-
Financing Cash Flow	30.69	22.8	231.4	35.01
Net Cash Flow	-121.38	-47.38	185.77	6.58
Free Cash Flow	-151.87	-73.5	-62.26	-28.43
Free Cash Flow Margin	-6737.71%	-5284.04%	-6245.04%	-28150.50%
Free Cash Flow Per Share	-42.74	-21.51	-151.79	-284320.00

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).