Cresud SACIF y A Cash Flow
Concept
Operating Cash Flow
Net Income
Depreciation & Amortization
Stock based compensation
Other non cash items
Change in working capital
Investing Cash Flow
Capital Expenditures
Financing Cash Flow
Dividends Paid
Payout Ratio
Share Issuance / Repurchase
Debt Issued / Paid
Other Investing Activities
End Cash Position
Changes in Cash
Beginning Cash Position
Free Cash Flow
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
35,974M
78,179M
2,688M
44,761M
-10,994M
-5,939M
14,916M
18,568M
-90,743M
43,860M
56.1 %
-6,880M
-6,253M
75,380M
38,936M
-36,325M
75,261M
17,406M
21,807M
63,000M
4,787M
0M
-63,938M
15,981M
-9,721M
4,137M
-37,016M
16,772M
26.62 %
-150M
-16,911M
8,910M
34,911M
-10,232M
45,143M
17,670M
8,886M
-16,245M
3,452M
4,544M
-15,880M
5,075M
15,516M
2,107M
-54,165M
711M
-4.38 %
-44,666M
-35,070M
46,860M
27,529M
-124,062M
151,591M
6,779M
38,469M
25,080M
687M
-16,761M
15,537M
5,378M
40,311M
1,623M
-78,184M
320M
1.27 %
-112M
-40,916M
-41,373M
108,652M
12,512M
96,140M
36,846M
17,874M
-28,977M
7,605M
44M
37,280M
92M
7,383M
8,525M
-18,006M
466M
-1.6 %
-859M
-4,609M
-5,697M
62,484M
2,355M
60,129M
9,349M
13,775M
5,301M
3,764M
33M
3,058M
1,386M
-11,972M
3,070M
-2,299M
940M
17.71 %
-763M
2,265M
22,784M
38,650M
13,287M
25,363M
10,705M
9,241M
2,010M
4,857M
101M
-1,921M
1,332M
-2,415M
4,153M
1,910M
2,610M
129.7 %
22,739M
18,889M
1,834M
25,363M
11,267M
14,096M
5,088M
4,055M
-1,891M
2,769M
54M
3,489M
-169M
8,652M
1,282M
-4,495M
239M
-12.57 %
0M
1,571M
11,353M
14,096M
13,462M
634M
2,773M
495M
176M
258M
31M
1M
-275M
-1,312M
245M
-1,778M
34M
18.75 %
-33M
-616M
-294M
634M
-369M
1,003M
250M
883M
-1,093M
297M
69M
1,741M
259M
-1,169M
184M
-446M
244M
-22.48 %
-98M
317M
157M
1,003M
-45M
1,048M
699M
649M
154M
280M
11M
-13M
184M
0M
156M
-17M
239M
154.84 %
0M
0M
1,180M
1,048M
576M
472M
493M
857M
78M
182M
3M
686M
-105M
0M
246M
-284M
134M
171.63 %
0M
0M
828M
550M
-156M
706M
611M
553M
213M
129M
-244M
631M
-300M
0M
170M
768M
190M
89.44 %
0M
0M
1,408M
706M
530M
176M
383M
168M
185M
137M
36M
-38M
-299M
0M
212M
320M
97M
52.48 %
0M
0M
752M
176M
-36M
212M
-44M
290M
125M
98M
-227M
304M
-102M
0M
308M
-242M
43M
34.63 %
-73M
0M
36M
212M
-309M
521M
-19M
-76M
23M
6M
0M
-45M
-60M
0M
28M
917M
8M
35.29 %
0M
0M
30M
520M
434M
86M
-104M
-55M
48M
4M
0M
-48M
-60M
0M
29M
113M
5M
10.94 %
0M
0M
36M
84M
57M
27M
-84M
-21M
33M
5M
0M
-37M
-23M
0M
56M
92M
10M
30.63 %
0M
0M
49M
27M
-40M
68M
-77M
-10M
77M
4M
0M
-77M
-14M
0M
28M
2M
3M
3.94 %
0M
0M
-6M
67M
54M
13M
18M
0M
32M
4M
0M
-16M
-20M
0M
5M
17M
2M
4.71 %
0M
0M
-5M
13M
-8M
21M
0M
11M
65M
4M
0M
-79M
22M
0M
31M
167M
2M
2.45 %
0M
0M
165M
21M
-24M
45M
-20M
21M
-41M
4M
0M
46M
12M
0M
1M
-20M
7M
-17.99 %
0M
0M
-13M
41M
37M
4M
20M
8M
4M
2M
0M
-7M
9M
0M
1M
12M
1M
33.33 %
0M
0M
13M
2M
-9M
11M
6M
10M
1M
2M
0M
-3M
10M
0M
3M
-12M
11M
780 %
0M
0M
-1M
11M
-7M
18M
7M
-2M
1M
2M
0M
-3M
-1M
0M
6M
-27M
4M
371.43 %
-15M
0M
-9M
24M
-11M
35M
-8M
-18M
19M
1M
0M
-3M
-36M
0M
21M
0M
0M
0 %
0M
0M
0M
35M
-48M
83M
-39M
Concept
Operating Cash Flow
Net Income
Depreciation & Amortization
Stock based compensation
Other non cash items
Change in working capital
Investing Cash Flow
Capital Expenditures
Financing Cash Flow
Dividends Paid
Payout Ratio
Share Issuance / Repurchase
Debt Issued / Paid
Other Investing Activities
End Cash Position
Changes in Cash
Beginning Cash Position
Free Cash Flow
4Q2023
3Q2023
2Q2023
1Q2023
4Q2022
3Q2022
2Q2022
1Q2022
4Q2021
3Q2021
2Q2021
1Q2021
4Q2020
3Q2020
2Q2020
1Q2020
4Q2019
3Q2019
2Q2019
1Q2019
4Q2018
3Q2018
2Q2018
1Q2018
4Q2017
3Q2017
2Q2017
1Q2017
4Q2016
3Q2016
2Q2016
1Q2016
4Q2015
3Q2015
2Q2015
1Q2015
4Q2014
3Q2014
2Q2014
1Q2014
4Q2013
3Q2013
2Q2013
1Q2013
4Q2012
3Q2012
2Q2012
1Q2012
4Q2011
3Q2011
2Q2011
1Q2011
4Q2010
3Q2010
2Q2010
1Q2010
4Q2009
3Q2009
2Q2009
1Q2009
4Q2008
3Q2008
2Q2008
1Q2008
4Q2007
3Q2007
2Q2007
1Q2007
4Q2006
3Q2006
2Q2006
1Q2006
4Q2005
3Q2005
2Q2005
1Q2005
4Q2004
3Q2004
2Q2004
1Q2004
4Q2003
3Q2003
2Q2003
1Q2003
4Q2002
3Q2002
2Q2002
2Q2001
2Q2000
1Q2000
-44,231M
-25,298M
3,572M
-71,837M
162,346M
-70,121M
51,228M
24,688M
-118,247M
202,821M
-801.74 %
-3,557M
0M
164,747M
101,783M
23,286M
78,497M
-68,919M
29,492M
41,848M
1,089M
7,245M
-1,902M
16,525M
3,059M
8,079M
-36,881M
32,258M
77.09 %
-1,446M
-14,782M
28,362M
38,936M
8,327M
30,609M
21,413M
29,492M
23,383M
625M
0M
-1,902M
16,525M
-5,102M
7,908M
-36,881M
32,258M
137.97 %
-1,446M
9,552M
-12,844M
38,936M
-6,132M
30,609M
21,413M
6,853M
17,094M
675M
0M
8,286M
-8,381M
10,930M
3,247M
-20,815M
2,051M
12.01 %
-3,429M
9,552M
33,768M
30,609M
9,139M
21,470M
3,606M
-8,471M
14,004M
614M
0M
24,766M
-20,042M
3,889M
2,860M
-9,865M
9,551M
68.2 %
-449M
7,112M
9,402M
21,470M
-7,200M
28,670M
-11,331M
-8,471M
14,004M
614M
0M
24,766M
-20,042M
3,342M
2,860M
-9,865M
9,551M
68.21 %
-449M
-16,692M
9,402M
21,470M
-7,200M
28,670M
-11,331M
1,442M
-1,674M
3,210M
0M
-14,454M
1,833M
-11,751M
1,008M
26,838M
0M
-0 %
-119M
-2,175M
43,873M
34,911M
-8,173M
43,084M
2,450M
9,995M
26,644M
1,118M
0M
-11,432M
8,524M
-508M
3,121M
-44,425M
6,152M
23.08 %
-31M
-5,829M
4,321M
43,084M
16,452M
26,632M
6,874M
1,236M
35,192M
253M
0M
-39,292M
-1,834M
1,799M
1,072M
-10,002M
0M
0 %
0M
-3,886M
5,432M
26,632M
-564M
27,196M
164M
13,967M
-15,116M
2,911M
0M
-280M
1,436M
739M
826M
-14,507M
69M
-0.46 %
0M
-5,021M
36,604M
27,529M
14,549M
12,980M
13,141M
13,967M
-15,116M
2,911M
0M
-280M
1,436M
11,330M
826M
-14,507M
69M
-0.46 %
0M
-10,216M
36,604M
27,529M
14,549M
12,980M
13,141M
-8,333M
-4,985M
231M
13,314M
-12,926M
-2,802M
1,247M
549M
5,999M
93M
-1.91 %
0M
454M
20,305M
12,980M
6,296M
6,684M
-8,882M
-1,085M
-10,066M
145M
17,263M
-4,681M
142M
2,972M
386M
-15,417M
735M
-7.27 %
0M
-11,347M
-1,112M
6,684M
-6,539M
13,223M
-1,471M
9,876M
26,519M
4,709M
78M
-29,210M
2,975M
40,540M
3,071M
-5,479M
897M
3.38 %
0M
-13,961M
9,039M
100,926M
40,537M
60,389M
6,805M
9,876M
26,519M
4,709M
78M
-29,210M
2,975M
24,206M
3,071M
-5,479M
897M
3.38 %
0M
2,497M
9,039M
100,926M
40,537M
60,389M
6,805M
6,393M
-9,635M
4,746M
75M
11,221M
-226M
2,180M
2,662M
-19,059M
276M
-2.86 %
0M
-9,477M
6,130M
60,389M
-7,277M
67,666M
3,731M
10,761M
-6,813M
3,974M
19M
9,949M
2,530M
11,198M
2,662M
-21,786M
1,173M
-17.2 %
0M
-17,004M
-4,164M
67,666M
2,075M
65,591M
8,099M
10,164M
-18,874M
2,226M
12M
21,513M
1,856M
2,386M
3,084M
-9,224M
107M
-0.57 %
-355M
-16,932M
-3,058M
62,484M
118M
62,366M
7,080M
10,164M
-18,874M
2,226M
12M
21,513M
1,856M
641M
3,084M
-9,224M
107M
-0.57 %
-355M
-2,069M
-3,058M
62,484M
118M
62,366M
7,080M
2,450M
-3,766M
2,323M
13M
3,852M
-292M
6,933M
2,384M
-11,378M
36M
-0.93 %
-221M
-3,397M
-1,464M
62,366M
7,637M
54,729M
66M
3,861M
-13,822M
1,902M
12M
19,666M
-1,120M
2,768M
1,983M
-9,238M
323M
-2.35 %
-283M
-3,522M
5,495M
54,729M
-17,005M
71,734M
1,878M
1,399M
7,485M
1,154M
7M
-7,751M
-352M
2,872M
1,074M
11,834M
323M
4.29 %
0M
13,769M
15,622M
71,734M
33,084M
38,650M
325M
4,802M
-5,116M
-340M
-9M
8,227M
1,703M
28,530M
525M
-9,318M
395M
-7.74 %
-582M
-8,958M
-216M
38,650M
4,070M
34,580M
4,277M
2,937M
695M
1,372M
6M
435M
76M
3,004M
1,449M
-889M
8M
1.44 %
0M
2,470M
5,804M
34,580M
4,567M
30,013M
1,488M
3,586M
9,707M
1,452M
17M
-6,473M
565M
-5,369M
927M
3,863M
423M
4.34 %
0M
3,542M
7,779M
30,013M
3,624M
26,389M
2,659M
2,450M
15M
1,280M
19M
869M
-958M
-30M
1,310M
4,045M
130M
866.67 %
276M
5,476M
15,419M
26,389M
1,026M
25,363M
1,140M
3,190M
1,551M
408M
16M
-2,803M
900M
6,247M
1,129M
970M
1,788M
115.48 %
2,112M
8,676M
47,753M
25,363M
2,696M
22,667M
2,061M
1,424M
-3,584M
1,483M
33M
3,316M
-63M
-3,344M
1,392M
-1,315M
209M
-5.89 %
2,112M
245M
55,813M
22,667M
-1,371M
24,038M
32M
2,215M
4,916M
1,524M
26M
-3,800M
72M
-3,344M
833M
1,936M
247M
5.07 %
2,112M
245M
4,777M
24,038M
8,314M
15,724M
1,382M
1,254M
-554M
1,545M
41M
909M
-524M
0M
343M
-4,643M
31M
-5.71 %
0M
0M
3,940M
14,096M
-5,593M
19,689M
911M
1,254M
-554M
1,545M
41M
909M
-524M
13,915M
343M
-4,643M
31M
-5.59 %
6M
1,571M
3,940M
14,096M
-5,593M
19,689M
911M
2,527M
-207M
1,086M
-9M
1,088M
611M
0M
891M
-814M
2M
-1.03 %
0M
0M
4,902M
19,689M
5,855M
13,834M
1,636M
-71M
-936M
67M
13M
1,156M
-290M
0M
51M
839M
162M
-17.37 %
0M
0M
1,517M
13,834M
12,801M
1,033M
-122M
345M
-362M
71M
9M
504M
34M
0M
98M
123M
48M
-13.89 %
0M
0M
994M
1,033M
400M
634M
247M
-19M
629M
62M
2M
-806M
22M
-1,312M
55M
-167M
14M
2.35 %
-1M
-616M
93M
634M
143M
491M
-74M
19M
-289M
69M
24M
866M
-613M
0M
46M
-345M
0M
-0 %
0M
0M
284M
491M
-529M
1,020M
-26M
167M
-185M
63M
-11M
-26M
188M
0M
75M
-247M
20M
-10.26 %
0M
0M
472M
1,020M
-462M
1,482M
92M
446M
-565M
78M
51M
923M
-10M
0M
81M
2M
244M
-42.98 %
-60M
0M
352M
1,003M
504M
499M
365M
446M
-565M
78M
51M
923M
-10M
-1,169M
81M
2M
244M
-43.07 %
-60M
317M
352M
1,003M
504M
499M
365M
0M
-173M
75M
1M
341M
-56M
0M
35M
-507M
0M
-0 %
-3M
0M
-60M
499M
-13M
512M
-35M
65M
-266M
75M
8M
274M
98M
0M
37M
362M
0M
-0 %
-31M
0M
754M
512M
-123M
635M
28M
372M
-89M
68M
8M
202M
227M
0M
30M
-303M
0M
-0 %
-3M
0M
70M
635M
-413M
1,048M
342M
193M
-109M
69M
1M
588M
-365M
0M
64M
-81M
122M
-113.64 %
0M
0M
203M
1,048M
407M
641M
129M
76M
86M
73M
5M
-214M
131M
0M
13M
141M
8M
7.14 %
0M
0M
429M
641M
116M
524M
63M
-11M
169M
71M
2M
-447M
259M
0M
60M
171M
22M
13.33 %
0M
0M
329M
524M
103M
421M
-71M
391M
8M
68M
3M
79M
159M
0M
139M
-248M
0M
0 %
0M
0M
110M
421M
-51M
472M
252M
269M
11M
49M
0M
145M
64M
0M
59M
-134M
87M
766.67 %
0M
0M
-12M
550M
-17M
567M
210M
233M
24M
47M
0M
185M
-23M
0M
37M
21M
9M
36.11 %
0M
0M
649M
567M
5M
562M
195M
158M
74M
44M
0M
131M
-91M
0M
91M
-296M
35M
46.76 %
0M
0M
4M
562M
-230M
792M
68M
261M
71M
19M
11M
209M
-38M
0M
64M
-135M
63M
88.55 %
0M
0M
23M
706M
255M
450M
197M
261M
71M
19M
0M
209M
-38M
0M
64M
-135M
63M
88.55 %
0M
0M
23M
706M
255M
450M
197M
61M
35M
35M
0M
99M
-107M
0M
42M
-28M
74M
212.5 %
0M
0M
180M
450M
115M
335M
19M
199M
55M
35M
31M
45M
-1M
0M
38M
592M
15M
26.47 %
0M
0M
797M
335M
-168M
503M
161M
101M
1M
40M
28M
101M
-40M
0M
106M
25M
2M
400 %
0M
0M
115M
176M
55M
121M
-5M
101M
1M
40M
0M
101M
-40M
0M
106M
25M
2M
400 %
0M
0M
115M
176M
55M
121M
-5M
-23M
43M
32M
0M
14M
-112M
0M
50M
141M
26M
60.76 %
0M
0M
290M
121M
-9M
130M
-73M
52M
80M
31M
103M
-99M
-118M
0M
25M
124M
25M
31.08 %
0M
0M
202M
130M
-69M
198M
27M
323M
120M
24M
48M
-82M
152M
0M
72M
-75M
33M
27.6 %
-11M
0M
-96M
212M
45M
167M
251M
323M
120M
24M
48M
-82M
152M
0M
72M
-75M
33M
27.6 %
-11M
0M
-96M
212M
45M
167M
251M
23M
-8M
34M
-64M
120M
-69M
0M
85M
26M
11M
-146.15 %
-13M
0M
90M
167M
-74M
241M
-62M
-41M
50M
28M
0M
34M
-153M
0M
136M
-93M
12M
24.42 %
-43M
0M
-50M
241M
-78M
320M
-177M
-56M
-5M
2M
0M
-27M
-27M
0M
5M
16M
0M
-0 %
-6M
0M
13M
520M
-194M
714M
-62M
-56M
-5M
2M
0M
-27M
-27M
0M
5M
16M
0M
-0 %
0M
0M
13M
520M
-194M
714M
-62M
-8M
13M
2M
0M
-11M
-12M
0M
14M
832M
0M
0 %
0M
0M
-49M
714M
712M
2M
-22M
-14M
27M
1M
0M
-25M
-17M
0M
2M
60M
3M
9.72 %
0M
0M
53M
2M
-13M
15M
-16M
-25M
12M
1M
0M
-18M
-20M
0M
9M
8M
0M
0 %
0M
0M
8M
84M
-3M
87M
-34M
-25M
12M
1M
0M
-18M
-20M
0M
9M
8M
0M
0 %
0M
0M
8M
84M
-3M
87M
-34M
-24M
20M
1M
0M
-10M
-35M
0M
6M
95M
0M
0 %
0M
0M
21M
87M
66M
21M
-30M
-2M
15M
1M
0M
-17M
0M
0M
6M
0M
2M
12.5 %
0M
0M
-9M
21M
-8M
29M
-8M
-2M
10M
2M
0M
-27M
14M
0M
6M
91M
0M
0 %
0M
0M
46M
27M
17M
11M
-8M
-2M
10M
2M
0M
-27M
14M
0M
6M
91M
0M
0 %
0M
0M
46M
27M
17M
11M
-8M
-18M
0M
1M
0M
2M
-21M
0M
16M
25M
0M
-0 %
0M
0M
16M
11M
10M
1M
-18M
2M
13M
1M
0M
-6M
-6M
0M
15M
-19M
3M
26.47 %
0M
0M
-19M
1M
-34M
35M
2M
-2M
14M
1M
0M
-17M
-9M
0M
32M
-17M
0M
0 %
0M
0M
-17M
67M
49M
18M
-2M
-2M
14M
0M
0M
-17M
0M
0M
9M
-17M
0M
0 %
0M
0M
-17M
67M
49M
18M
-2M
-10M
53M
0M
0M
-63M
0M
0M
3M
-8M
0M
0 %
0M
0M
-14M
18M
-9M
27M
-10M
-1M
9M
1M
0M
1M
-12M
0M
2M
1M
1M
13.04 %
0M
0M
-4M
27M
15M
12M
-1M
3M
1M
1M
0M
-6M
7M
0M
1M
26M
0M
0 %
0M
0M
26M
12M
6M
6M
3M
0M
7M
0M
0M
0M
0M
0M
5M
6M
1M
7.14 %
0M
0M
0M
6M
0M
0M
0M
0M
2M
0M
0M
0M
0M
0M
3M
5M
1M
25 %
0M
0M
0M
0M
0M
0M
0M
0M
2M
0M
0M
0M
0M
0M
1M
4M
1M
20 %
0M
0M
0M
0M
0M
0M
0M
0M
0M
0M
0M
0M
0M
0M
1M
0M
0M
0 %
0M
0M
0M
0M
0M
0M
0M
4M
7M
0M
0M
0M
0M
0M
10M
56M
0M
0 %
0M
0M
0M
0M
0M
0M
0M
5M
6M
0M
0M
0M
0M
0M
1M
58M
0M
0 %
0M
0M
0M
0M
0M
0M
0M
0M
5M
0M
0M
0M
0M
0M
0M
0M
0M
0 %
0M
0M
0M
0M
0M
0M
0M
0M
4M
0M
0M
0M
0M
0M
0M
0M
0M
0 %
0M
0M
0M
0M
0M
0M
0M
5M
0M
0M
0M
0M
0M
0M
0M
0M
2M
0 %
0M
0M
0M
0M
0M
0M
0M
8M
4M
0M
0M
0M
0M
0M
1M
12M
1M
33.33 %
0M
0M
0M
0M
0M
0M
0M
10M
2M
0M
0M
0M
0M
0M
3M
0M
11M
592.31 %
0M
0M
0M
0M
0M
0M
0M
0M
1M
0M
0M
0M
0M
0M
1M
0M
0M
0 %
0M
0M
0M
0M
0M
0M
0M