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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	106.34	71.88	118.4	92.96	122.48	62.21
Depreciation & Amortization	44.67	34.3	26.32	20.79	8.59	7.6
Other Amortization	3.83	3.52	0.79	0.41	0.16	0.08
Loss (Gain) From Sale of Investments	2.74	8.02	-4.75	-5.32	-0.23	0.09
Loss (Gain) on Equity Investments	0.36	0.51	0.75	2.35	-	-
Stock-Based Compensation	17.11	19.08	1.47	0.73	0.76	-
Other Operating Activities	33.67	44.03	5.62	-1.65	0.4	3.03
Change in Accounts Receivable	-39.96	-90.16	-12.6	-23.07	-62.75	-22.56
Change in Income Taxes	-18.44	-11.7	-5.84	-11.66	-1.61	-1.97
Change in Other Net Operating Assets	118.48	66.46	26.56	5.51	39.75	4.22
Operating Cash Flow	268.78	145.95	156.73	81.05	107.56	52.7
Operating Cash Flow Growth	68.57%	-6.88%	93.37%	-24.65%	104.12%	18.50%
Capital Expenditures	-8.85	-3.61	-5.87	-5.44	-1.55	-0.16
Sale of Property, Plant & Equipment	0	-	-	-	-	-
Cash Acquisitions	-1.08	-112.16	-6.63	-34.73	-122.77	-
Sale (Purchase) of Intangibles	-13.96	-4.68	-9.15	-1.27	-0.29	-0.5
Investment in Securities	-8.47	6.44	20.76	89	-159.62	11.14
Other Investing Activities	55.39	139.32	63.06	-236.9	-	-
Investing Cash Flow	23.03	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)	-29.86	212.63	-3.41	-1.65	-0.83	-0.89
Issuance of Common Stock	-	-	-	230	302.72	-
Repurchase of Common Stock	-56.23	-141.3	-65.16	-	-	-
Common Dividends Paid	-94.23	-132.38	-145.15	-103.33	-119.79	-60.93
Other Financing Activities	-120.26	-90.6	-15.91	-6.47	-4.21	-4.42
Financing Cash Flow	-300.58	-151.65	-229.63	118.55	177.89	-66.24
Foreign Exchange Rate Adjustments	0.79	-2.24	0.27	1	-0.01	-0.04
Net Cash Flow	-7.98	17.37	-10.47	11.26	1.21	9.93
Free Cash Flow	259.93	142.34	150.86	75.61	106.01	52.53
Free Cash Flow Growth	69.95%	-5.64%	99.51%	-28.68%	101.80%	18.53%
Free Cash Flow Margin	64.05%	38.04%	46.05%	29.21%	45.01%	45.67%
Free Cash Flow Per Share	1.63	0.93	1.01	0.51	0.78	0.45
Cash Interest Paid	11.47	1.38	1.24	1.81	1.01	0.87
Cash Income Tax Paid	20.38	13.64	3.25	0.62	0.22	1.83
Levered Free Cash Flow	170.27	82.61	199.03	38.75	46.77	63.9
Unlevered Free Cash Flow	178.59	87.73	199.81	39.88	47.4	64.44
Change in Working Capital	60.08	-35.4	8.12	-29.22	-24.61	-20.32

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q