Vasta Platform Limited (VSTA)

Vasta Platform Cash Flow Statement

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

Operating Activities

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	488.28	486.49	-83.77	-54.57	-118.75	-45.65
Depreciation & Amortization	204.7	211.29	212.54	268.71	211.16	174.09
Other Amortization	86.35	82.8	75.24	-	-	-
Loss (Gain) From Sale of Assets	6.56	7.82	3.49	13.96	0.12	-0.45
Asset Writedown & Restructuring Costs	8.27	8.27	-	-	-	-
Loss (Gain) on Equity Investments	11.08	12.3	18.66	4.51	-	-
Stock-Based Compensation	6.95	8.7	13.38	19.04	22.53	39.65
Provision & Write-off of Bad Debts	53.03	53	55.77	45.9	32.73	25.02
Other Operating Activities	-465.32	-475.04	66.9	27.28	-8.98	-27.16
Change in Accounts Receivable	-110.9	-218.74	-103.16	-189.33	-25.41	-123.41
Change in Inventory	46.78	26.22	-33.71	-24.09	8.08	-20.81
Change in Accounts Payable	11.52	13.16	40.6	121.52	-16.12	42.62
Change in Unearned Revenue	2.34	-1.54	-12.71	0.38	-2.66	-2.16
Change in Income Taxes	0.67	-1.4	5.09	-20.61	0.8	38.2
Change in Other Net Operating Assets	-58.14	-37.88	-39.47	-37.87	-125.09	115.54
Operating Cash Flow	292.16	175.44	218.85	174.84	-21.61	215.46
Operating Cash Flow Growth	41.92%	-19.84%	25.17%	-	-	2879.27%

Investing Activities

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
Capital Expenditures	-23.38	-32.34	-21.54	-61.14	-20.91	-1.64
Cash Acquisitions	-2	-	-3.21	-80.56	-186.22	-23.15
Sale (Purchase) of Intangibles	-89.7	-95.93	-105.29	-90.59	-55.88	-42.79
Investment in Securities	-98.7	159.18	174.73	-162.65	351.47	-474.2
Investing Cash Flow	-213.78	30.91	44.69	-394.94	88.47	-541.78

Financing Activities

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
Short-Term Debt Issued	-	-	-	-	-	65.6
Long-Term Debt Issued	-	495.73	-	250	497	-
Total Debt Issued	248.89	495.73	-	250	497	65.6
Short-Term Debt Repaid	-	-	-50.89	-254.89	-20.88	-76.83
Long-Term Debt Repaid	-	-519.87	-30.47	-27.76	-499.74	-864.97
Total Debt Repaid	-273.02	-519.87	-81.36	-282.65	-520.62	-941.8
Net Debt Issued (Repaid)	-24.13	-24.15	-81.36	-32.65	-23.62	-876.2
Issuance of Common Stock	-	-	-	-	-	1,839
Repurchase of Common Stock	-	-22.53	-39.93	-	-23.88	-6.34
Other Financing Activities	-147.99	-171	-92.15	-11.38	-20.62	-362.02
Financing Cash Flow	-172.12	-217.68	-213.44	-44.03	-68.12	594.19

Net Cash Flow

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 Cash Flow	-93.74	-11.33	50.1	-264.13	-1.26	267.87

Free Cash Flow

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
Free Cash Flow	268.78	143.1	197.32	113.7	-42.52	213.82
Free Cash Flow Growth	42.01%	-27.48%	73.55%	-	-	-
Free Cash Flow Margin	15.47%	8.55%	13.28%	8.99%	-4.49%	21.43%
Free Cash Flow Per Share	3.42	1.76	2.40	1.38	-0.52	2.58
Levered Free Cash Flow	162.6	39.44	110.29	13.03	-30.69	-18.78
Unlevered Free Cash Flow	305.67	171.99	256.32	142.76	15.22	34.47

Additional Metrics

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
Cash Interest Paid	171.75	199.45	138.63	108.04	41.19	64.08
Cash Income Tax Paid	0.86	0.38	1.62	7.15	1.17	5.23
Change in Working Capital	-107.74	-220.18	-143.35	-150	-160.41	49.98

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jan 1, 2000

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