Reit Azorim - H.F Living Cash Flow Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2019
Period Ending	Mar '25 Mar 31, 2025	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	2016 - 2019
Net Income	-48.44	-37.66	-75.16	-51.9	250.83	69.18	Upgrade
Asset Writedown	13.28	7.25	46.07	-8.03	-259.82	-69.6	Upgrade
Stock-Based Compensation	2	1.63	-	2.94	-	-	Upgrade
Change in Accounts Receivable	-1.53	-1.01	-1.14	-0.67	-0.09	-0.07	Upgrade
Change in Accounts Payable	-0.51	2.37	0.01	0.13	1.25	1.26	Upgrade
Change in Other Net Operating Assets	-7.79	-1.71	-0.61	4.95	9.17	1.19	Upgrade
Other Operating Activities	68.86	61.65	52.83	72.84	8.21	2.24	Upgrade
Operating Cash Flow	25.86	32.52	22	20.27	9.55	4.2	Upgrade
Operating Cash Flow Growth	-13.69%	47.80%	8.55%	112.21%	127.68%	-27.21%	Upgrade
Acquisition of Real Estate Assets	-50.59	-121.5	-137.18	-1,109	-541.47	-380.89	Upgrade
Sale of Real Estate Assets	61.89	51.95	-	-	-	-	Upgrade
Net Sale / Acq. of Real Estate Assets	11.3	-69.55	-137.18	-1,109	-541.47	-380.89	Upgrade
Other Investing Activities	57.83	7.01	68.51	-37.08	-19.27	-3.24	Upgrade
Investing Cash Flow	69.13	-62.54	-68.68	-1,146	-560.74	-384.13	Upgrade
Short-Term Debt Issued	-	-	-	-	99.4	-	Upgrade
Long-Term Debt Issued	-	130.09	161.49	1,240	273.26	422	Upgrade
Total Debt Issued	330.3	130.09	161.49	1,240	372.66	422	Upgrade
Short-Term Debt Repaid	-	-7.43	-	-	-	-72.52	Upgrade
Long-Term Debt Repaid	-	-16.87	-224.42	-4.61	-1.41	-69.79	Upgrade
Total Debt Repaid	-133.51	-24.3	-224.42	-4.61	-1.41	-142.31	Upgrade
Net Debt Issued (Repaid)	196.8	105.79	-62.93	1,235	371.25	279.69	Upgrade
Issuance of Common Stock	69.45	69.45	93.34	92.37	-	387.53	Upgrade
Other Financing Activities	-73.95	-72.55	-81.7	-35.35	-11.63	-6.22	Upgrade
Net Cash Flow	287.29	72.66	-97.96	166.13	-191.56	281.06	Upgrade
Cash Interest Paid	73.95	72.55	81.7	35.35	11.63	6.22	Upgrade
Levered Free Cash Flow	-214.14	-109.15	-5.04	-75.09	-40.01	30.64	Upgrade
Unlevered Free Cash Flow	-169.44	-68.12	32.04	-27.13	-34.79	30.64	Upgrade
Change in Net Working Capital	189.71	89.02	-17.21	38.1	34.3	-31.2	Upgrade

Updated Nov 20, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.