Chicago Atlantic Real Estate Finance, Inc. (REFI)

REFI Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	37.05	38.71	32.29	12.66
Other Amortization	0.26	0.55	0.56	0.1
Loss (Gain) From Sale of Investments	0.17	-0.18	-	-
Provision for Credit Losses	-0.58	0.94	3.89	0.2
Stock-Based Compensation	3.06	1.48	0.44	0.04
Change in Accounts Payable	1.11	0.17	0.76	0.27
Change in Other Net Operating Assets	-6.6	-1.01	-10.14	-2.25
Other Operating Activities	-10.84	-12.44	-9.8	-1.86
Operating Cash Flow	23.16	28.42	17.01	8.89
Operating Cash Flow Growth	-18.50%	67.10%	91.23%	-
Net Decrease (Increase) in Loans Originated / Sold - Investing	-39.3	-1.93	-125.24	-193.63
Investing Cash Flow	-39.3	-1.93	-125.24	-193.63
Short-Term Debt Issued	50	-	-	-
Long-Term Debt Issued	159	82	58	-
Total Debt Issued	209	82	58	-
Long-Term Debt Repaid	-170	-74	-	-
Net Debt Issued (Repaid)	39	8	58	-
Issuance of Common Stock	39.59	7.22	4.51	301.38
Common Dividends Paid	-41.63	-39.13	-28.17	-6.85
Other Financing Activities	-2.32	-0.4	-0.63	-2.79
Financing Cash Flow	34.64	-24.31	33.71	291.73
Net Cash Flow	18.5	2.18	-74.53	107
Free Cash Flow	23.16	28.42	17.01	8.89
Free Cash Flow Growth	-18.50%	67.10%	91.23%	-
Free Cash Flow Margin	41.70%	50.56%	37.81%	61.46%
Free Cash Flow Per Share	1.17	1.55	0.96	1.38
Cash Interest Paid	6.21	5.03	1.66	-

Source: S&P Capital IQ. Financial Services template. Financial Sources.