TAQA Morocco Cash Flow Statement

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	1,053	1,037	1,303	1,005	880.16	Upgrade
Depreciation & Amortization	833.92	842.45	798.03	807.9	781.94	Upgrade
Change in Other Net Operating Assets	-809.81	518.55	-358.85	-92.32	323.51	Upgrade
Other Operating Activities	327.17	228.08	519.38	234.25	276.59	Upgrade
Operating Cash Flow	1,404	2,626	2,261	1,955	2,262	Upgrade
Operating Cash Flow Growth	-46.54%	16.15%	15.69%	-13.59%	9.26%	Upgrade
Capital Expenditures	-292.37	-328.39	-242.13	-213.41	-1,888	Upgrade
Sale of Property, Plant & Equipment	-	0.02	0.03	0.59	0.48	Upgrade
Other Investing Activities	-	0	-	-	-	Upgrade
Investing Cash Flow	-292.37	-328.37	-242.11	-212.83	-1,888	Upgrade
Long-Term Debt Issued	-	6,600	-	-	4,283	Upgrade
Long-Term Debt Repaid	-678.2	-4,416	-1,018	-1,032	-3,876	Upgrade
Net Debt Issued (Repaid)	-678.2	2,184	-1,018	-1,032	407.09	Upgrade
Common Dividends Paid	-1,098	-1,773	-1,030	-1,011	-1,019	Upgrade
Other Financing Activities	-	-	-	-	0	Upgrade
Financing Cash Flow	-1,776	411.88	-2,048	-2,042	-612.1	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-	0	-	Upgrade
Net Cash Flow	-664.07	2,710	-28.4	-300.62	-237.54	Upgrade
Free Cash Flow	1,112	2,298	2,019	1,741	374.09	Upgrade
Free Cash Flow Growth	-51.62%	13.81%	15.96%	365.47%	-80.90%	Upgrade
Free Cash Flow Margin	10.22%	17.42%	14.84%	22.29%	4.80%	Upgrade
Free Cash Flow Per Share	47.13	97.43	85.60	73.82	15.86	Upgrade
Levered Free Cash Flow	1,014	1,550	2,731	1,676	312.12	Upgrade
Unlevered Free Cash Flow	1,349	1,771	3,025	1,987	672.24	Upgrade
Change in Net Working Capital	837.69	435.29	-649.04	126.46	-304.13	Upgrade

Updated Mar 10, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.