Patria Investments Limited (PAX)

Patria Investments Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	118.4	92.96	122.48	62.21	58.54
Depreciation & Amortization	27.12	21.2	8.76	7.69	8.28
Share-Based Compensation	1.47	0.73	0.76	0	0
Other Operating Activities	9.74	-36.96	-24.44	-17.2	-22.35
Operating Cash Flow	156.73	77.94	107.56	52.7	44.47
Operating Cash Flow Growth	101.09%	-27.54%	104.12%	18.50%	12.52%
Capital Expenditures	-6.86	-6.71	-1.84	-0.66	-0.14
Acquisitions	49.85	-42.52	-122.77	0	0
Change in Investments	19.18	-140.11	-159.62	24.17	11.4
Investing Cash Flow	62.17	-189.35	-284.23	23.51	11.25
Dividends Paid	-145.15	-103.33	-119.79	-64.48	-46.89
Share Issuance / Repurchase	0	0	302.72	0	0
Debt Issued / Paid	-4.65	-3.46	-1.84	-1.76	-0.99
Other Financing Activities	-79.83	225.34	-3.2	-	-5.9
Financing Cash Flow	-229.63	118.55	177.89	-66.24	-53.77
Exchange Rate Effect	0.27	1	-0.01	-0.04	-0.18
Net Cash Flow	-10.47	11.26	1.21	9.93	1.77
Free Cash Flow	149.86	71.22	105.72	52.04	44.33
Free Cash Flow Growth	110.41%	-32.63%	103.17%	17.39%	16.34%
Free Cash Flow Margin	45.74%	27.51%	44.89%	45.24%	35.97%
Free Cash Flow Per Share	1.01	0.48	0.78	0.39	0.33

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).