Boxer Retail Cash Flow Statement

Financials in millions ZAR. Fiscal year is March - February.

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Aug '24 Aug 25, 2024	Feb '24 Feb 25, 2024	Feb '23 Feb 26, 2023	Feb '22 Feb 27, 2022
Net Income	1,435	1,385	1,104	854
Depreciation & Amortization	1,197	1,154	1,011	843
Stock-Based Compensation	4	-7	17	13
Other Operating Activities	-108	-91	92	136
Change in Accounts Receivable	-7	12	-67	-31
Change in Inventory	-429	-417	-590	-477
Change in Accounts Payable	54	801	583	359
Operating Cash Flow	2,146	2,837	2,150	1,697
Operating Cash Flow Growth	26.46%	31.95%	26.69%	-
Capital Expenditures	-950	-1,044	-1,152	-812
Sale of Property, Plant & Equipment	39	32	4	6
Cash Acquisitions	-15	-7	-125	-21
Sale (Purchase) of Intangibles	-25	-42	-42	-11
Investment in Securities	-	-	-30	-28
Other Investing Activities	36	28	29	147
Investing Cash Flow	-903	-1,091	-1,339	-750
Long-Term Debt Repaid	-	-550	-460	-382
Net Debt Issued (Repaid)	-1,592	-550	-460	-382
Common Dividends Paid	-500	-	-662	-568
Other Financing Activities	-454	-456	-3	-1
Financing Cash Flow	-2,546	-1,006	-1,125	-951
Net Cash Flow	-1,303	740	-314	-4
Free Cash Flow	1,196	1,793	998	885
Free Cash Flow Growth	35.14%	79.66%	12.77%	-
Free Cash Flow Margin	3.02%	4.79%	3.13%	3.33%
Free Cash Flow Per Share	35.05	52.54	29.25	25.93
Cash Interest Paid	376	341	318	291
Cash Income Tax Paid	437	407	312	145
Levered Free Cash Flow	-	686.38	2,286	-
Unlevered Free Cash Flow	-	900.13	2,471	-
Change in Net Working Capital	-	474	-1,628	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.