Patria Investments Limited (PAX)

Patria Investments Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	84.24	71.88	118.4	92.96	122.48	62.21
Depreciation & Amortization	41.14	34.3	26.32	20.79	8.59	7.6
Other Amortization	3.82	3.52	0.79	0.41	0.16	0.08
Loss (Gain) From Sale of Investments	9.68	8.02	-4.75	-5.32	-0.23	0.09
Loss (Gain) on Equity Investments	0.42	0.51	0.75	2.35	-	-
Stock-Based Compensation	20.38	19.08	1.47	0.73	0.76	-
Other Operating Activities	45.06	44.03	5.62	-1.65	0.4	3.03
Change in Accounts Receivable	-15.85	-90.16	-12.6	-23.07	-62.75	-22.56
Change in Income Taxes	-15.66	-11.7	-5.84	-11.66	-1.61	-1.97
Change in Other Net Operating Assets	98.07	66.46	26.56	5.51	39.75	4.22
Operating Cash Flow	271.29	145.95	156.73	81.05	107.56	52.7
Operating Cash Flow Growth	98.91%	-6.88%	93.37%	-24.65%	104.12%	18.50%
Capital Expenditures	-6.68	-3.61	-5.87	-5.44	-1.55	-0.16
Sale of Property, Plant & Equipment	-1.48	-	-	-	-	-
Cash Acquisitions	-0.73	-112.16	-6.63	-34.73	-122.77	-
Sale (Purchase) of Intangibles	-3.83	-4.68	-9.15	-1.27	-0.29	-0.5
Investment in Securities	-25.58	6.44	20.76	89	-159.62	11.14
Other Investing Activities	-0.82	139.32	63.06	-236.9	-	-
Investing Cash Flow	-39.12	25.31	62.17	-189.35	-284.23	23.51
Long-Term Debt Issued	-	261	25	-	-	-
Long-Term Debt Repaid	-	-48.37	-28.41	-1.65	-0.83	-0.89
Net Debt Issued (Repaid)	-28.98	212.63	-3.41	-1.65	-0.83	-0.89
Issuance of Common Stock	-	-	-	230	302.72	-
Repurchase of Common Stock	-	-141.3	-65.16	-	-	-
Common Dividends Paid	-93.21	-132.38	-145.15	-103.33	-119.79	-60.93
Other Financing Activities	-112.25	-90.6	-15.91	-6.47	-4.21	-4.42
Financing Cash Flow	-234.44	-151.65	-229.63	118.55	177.89	-66.24
Foreign Exchange Rate Adjustments	1.86	-2.24	0.27	1	-0.01	-0.04
Net Cash Flow	-0.41	17.37	-10.47	11.26	1.21	9.93
Free Cash Flow	264.61	142.34	150.86	75.61	106.01	52.53
Free Cash Flow Growth	104.66%	-5.64%	99.51%	-28.68%	101.80%	18.53%
Free Cash Flow Margin	66.59%	38.04%	46.05%	29.21%	45.01%	45.67%
Free Cash Flow Per Share	1.68	0.93	1.01	0.51	0.78	0.45
Cash Interest Paid	10.23	1.38	1.24	1.81	1.01	0.87
Cash Income Tax Paid	15.77	13.64	3.25	0.62	0.22	1.83
Levered Free Cash Flow	129.75	82.61	199.03	38.75	46.77	63.9
Unlevered Free Cash Flow	137.24	87.73	199.81	39.88	47.4	64.44
Change in Working Capital	66.56	-35.4	8.12	-29.22	-24.61	-20.32

Updated Aug 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q