← Patria Investments Ltd

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Net Income — — — $93.0m $118.4m $71.9m $85.7m
Net Income From Continuing Operations — — — $94.1m $120.8m $75.7m $90.5m
Adjustments for depreciation expense $2.1m $1.7m $1.8m $3.8m $4.7m $5.1m $46.3m
Amortization expense on credit facility costs — — — $0 $0 $2.0m $1.6m
Commitments Subject To Possible Redemption, Amortization Of Issuance Costs — — $0 $10.3m $6.2m $0 $0
Amortization Cash Flow — — $7.0m $17.4m $22.4m $30.7m —
Amortization Of Intangibles — — $7.0m $17.4m $22.4m $30.7m —
Depreciation — — $1.8m $3.8m $4.7m $5.1m —
Depreciation Amortization Depletion — — — $21.2m $27.1m $35.8m $46.3m
Adjustments for deferred tax expense ($270k) $2.2m ($1.3m) $1.6m ($13.3m) ($2.1m) ($12.1m)
Adjustments For Increase Decrease In Taxes Payable And Deferred Taxes $772k $185k $1.2m ($8.6m) ($4.5m) $4.5m $3.8m
Deferred Income Tax — — — $8.3m ($2.8m) $10.3m $1.7m
Deferred Tax — — — $8.3m ($2.8m) $10.3m $1.7m
Adjustments For Share-Based Payments — $0 $764k $731k $1.5m — —
Proceeds From Sales Of Investments Other Than Investments Accounted For Using Equity Method $3.8m $1.6m — — — — —
Interest expense on asset-backed payable — — — — — $0 $2.1m
Interest expense on lease liabilities $918k $869k $1.0m $1.8m $1.2m $1.4m $1.8m
Earnings (Loss)es From Equity Investments — — $0 $2.4m $753k $508k —
Additional Financial Items
Distributions paid to shareholders $46.9m $64.5m — — — — —
Adjustments For Decrease Increase In Trade Account Receivable ($17.5m) ($22.6m) ($62.7m) ($23.1m) ($12.6m) — —
Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates — — $0 $0 $4.2m — —
Payments Of Lease Liabilities Classified As Financing Activities $987k $893k $832k $1.7m $2.2m — —
Purchase Of Interests In Associates — — — $7.8m $528k — —
Profit (loss) $60.9m $61.8m $121.2m $94.1m $120.8m $75.7m $90.5m
Adjustments for finance income (cost) ($890k) ($366k) ($355k) ($2.3m) ($2.1m) $0 ($3.3m)
Adjustments For Long-term Investments — $91k ($226k) ($5.3m) $3.0m $16.9m $3.0m
Adjustments For Gains (Losses) On Change In Fair Value Of Warrant Liabilities — — $0 ($3.1m) ($690k) $5.8m ($6.1m)
Adjustments For Gains (Losses) On Change In Fair Value Of Other Derivatives — — $0 ($3.0m) $3.9m ($3.6m) ($1.8m)
Adjustments For Gains (Losses) On Assset-Linked Receivable — — $0 $0 ($3.5m) ($8.8m) ($3.1m)
Adjustments For Gains (Losses) On Total return swap — — — — — $0 ($1.4m)
Adjustments For Gains On Energy trading contracts — — — — — ($6.4m) ($7.6m)
Increase (decrease) in contingent consideration asset (liability) — $0 $0 ($12.3m) ($9.4m) $25.3m $10.3m
Adjustments For Gross Obligation Under Put Option — $0 $0 $3.5m $11.7m ($3.1m) $3.1m
Interest on loans — — — $0 $0 $10.0m $12.1m
Current tax expense (income) $3.8m $891k $1.7m $6.8m $10.5m $12.4m $13.9m
Other adjustments for non-cash items ($3.5m) ($243k) ($369k) $124k $621k $528k $7k
Adjustments for decrease (increase) in trade accounts receivable ($17.5m) ($22.6m) ($62.7m) ($23.1m) ($12.6m) ($90.2m) $30.8m
Accounts payable backed by assets, classified as operating activities — — — — — $0 $66.2m
Adjustments For Decrease Increase In Projects Advances $37k $4.5m ($2.2m) ($2.9m) ($12.6m) $6.6m ($4.2m)
Adjustments For Decrease Increase In Tax Assets, Current $106k ($326k) ($2.6m) ($2.4m) $1.9m ($2.5m) ($3.1m)
Adjustments for increase (decrease) in employee benefit liabilities $1.7m $1.1m $27.6m ($12.9m) $2.5m $10.4m $14.3m
Adjustments For Decrease Increase in Carried Interest Allocation — $0 $11.6m $868k $19.2m $18.7m $8.7m
Adjustments For Deferred Consideration Payable on Acquisition — $0 $2.0m $24.4m $22.2m $11.2m $4.0m
Energy trading contracts — — — $0 $0 $1.6m ($13.3m)
Adjustments For Decrease Increase In Other Assets Net Of Other Liabilities ($6.6m) ($716k) $1.9m $1.2m $1.8m $32.1m $4.9m
Payment Of Placement Agent Fees ($1.1m) ($750k) ($1.2m) ($5.3m) ($6.6m) ($10.9m) ($2.4m)
Acquisition of short-term investments, classified as investing activities — — — — — $0 ($26.7m)
Decrease (Increase) In Long-Term Investments $3.8m $1.6m ($17.9m) ($12.1m) ($9.8m) ($3.8m) ($8.3m)
Disposal of long-term investments — — — — — $0 $10.5m
Payment For Investment In SPAC Trust Account — $0 $0 ($236.9m) ($2.1m) ($2.0m) ($545k)
Proceeds From Redemptions From The SPAC Trust Account — — $0 $0 $65.2m $141.3m $56.2m
Acquisition of software and computer programs $5k ($497k) ($292k) ($1.3m) ($992k) $4.7m $4.4m
Acquisition of investments in associates — $0 $0 ($7.8m) ($528k) ($408k) ($186k)
Purchase Of Contractual Rights — — $0 $0 ($8.2m) $0 ($14.3m)
Cash flows used in obtaining control of subsidiaries or other businesses — — ($122.8m) ($18.3m) ($6.6m) ($112.2m) ($1.1m)
Cash flows from (used in) investing activities $11.3m $23.5m ($284.2m) ($189.3m) $62.2m $25.3m $2.3m
Proceeds from non-current borrowings — — $0 $0 $25.0m ($261.0m) $261.3m
Repayment of loans — — — — — ($35.0m) ($312.8m)
Repayments of non-current borrowings — — $0 $0 ($26.3m) ($45.1m) ($1.6m)
Redemptions From The SPAC Trust Account — — $0 $0 ($65.2m) ($141.3m) ($56.2m)
Investment into SPAC trust account — — — $0 $0 ($2.0m) $545k
Proceeds from contributions of non-controlling interests — — $0 $0 $3.7m $951k $6.7m
Payment Of Acquisition Payable — — $0 $0 ($14.7m) ($86.2m) ($48.7m)
Payments of lease liabilities ($987k) ($893k) ($832k) ($1.7m) ($2.2m) ($3.2m) ($4.2m)
Cash flows from (used in) financing activities ($53.8m) ($66.2m) $177.9m $118.5m ($229.6m) ($151.7m) ($268.2m)
Capital contributions received from non-controlling interest (NCI) shareholders $1.8m $9.9m $1.2m $11.3m ($10.5m) $17.4m $20.2m
Acquisition of contractual rights — — — — — $0 $23.5m
Adjustment to goodwill — — — — — $0 $60.1m
Non-Cash Addition Of Right Of Use Assets $5.1m $137k $8.8m $5.0m $1.9m $9.3m $3.2m
Issuance Of Common Shares — — $0 $0 $15.5m $74.9m $71.7m
Non-Cash Consideration Payable on Acquisition — $0 $16.4m $18.2m $29.7m $107.9m $23.6m
Non-Cash Contingent Consideration Payable on Acquisition — $0 $25.8m $9.1m $4.7m $30.4m ($1.0m)
Non-Cash Deferred Consideration Payable on Acquisition — — — $0 $0 $12.2m $0
Deposits — — $0 $3.4m $10.1m $6.0m $1.6m
Non-controlling interest in acquiree recognised at acquisition date — — — $0 $0 $6.6m $0
Gross Obligation Under Put Option, Non Current — — $0 $73.4m $11.3m $18.3m $24.6m
VBI – 50% acquisition — — — $0 $0 $2.4m $0
Beginning Cash Position — — — $15.3m $26.5m $16.1m $33.4m
Cash Flow From Continuing Financing Activities — — — $118.5m ($229.6m) ($151.7m) ($268.2m)
Cash Flow From Continuing Investing Activities — — — ($189.3m) $62.2m $25.3m $2.3m
Change In Accrued Expense — — — $868k $19.2m $18.7m $8.7m
Change In Income Tax Payable — — — ($8.6m) ($4.5m) $4.5m $3.8m
Change In Interest Payable — — — $868k $19.2m $18.7m $8.7m
Change In Other Working Capital — — — $1.2m $1.8m $30.5m ($8.5m)
Change In Payable — — — $2.9m $20.2m $26.1m $88.3m
Change In Payables And Accrued Expense — — — $3.8m $39.4m $44.7m $97.0m
Change In Prepaid Assets — — — ($2.9m) ($12.6m) $6.6m ($4.2m)
Change In Receivables — — — ($25.5m) ($10.7m) ($92.7m) $27.8m
Change In Tax Payable — — — ($8.6m) ($4.5m) $4.5m $3.8m
Change In Working Capital — — — ($23.3m) $18.0m ($10.9m) $112.1m
Changes In Account Receivables — — — ($23.1m) ($12.6m) ($90.2m) $30.8m
Changes In Cash — — — $10.3m ($10.7m) $19.6m $16.7m
End Cash Position — — — $26.5m $16.1m $33.4m $53.6m
Financing Cash Flow — — — $118.5m ($229.6m) ($151.7m) ($268.2m)
Free Cash Flow — — — $74.3m $141.7m $137.7m $253.3m
Gain Loss On Investment Securities — — — ($1.9m) $8.9m ($3.7m) ($15.3m)
Gain Loss On Sale Of Business — — — $0 ($4.2m) $0 $0
Investing Cash Flow — — — ($189.3m) $62.2m $25.3m $2.3m
Issuance Of Capital Stock — — $302.7m $230.0m $0 $0 —
Net Business Purchase And Sale — — — ($42.5m) ($7.2m) ($112.6m) ($1.3m)
Net Intangibles Purchase And Sale — — — ($1.3m) ($9.2m) ($4.7m) ($18.7m)
Net PPE Purchase And Sale — — — ($5.4m) ($5.9m) ($3.6m) ($10.6m)
Operating Gains Losses — — — $424k $4.7m ($3.7m) ($15.3m)
Other Non Cash Items — — — ($14.6m) ($16.1m) $20.0m $22.5m
Purchase Of Business — — — ($42.5m) ($7.2m) ($112.6m) ($1.3m)
Purchase Of Intangibles — — — ($1.3m) ($9.2m) ($4.7m) ($18.7m)
Purchase Of PPE — — — ($5.4m) ($5.9m) ($3.6m) ($10.6m)
Repurchase Of Capital Stock — — — $0 ($65.2m) ($141.3m) ($56.2m)
Stock Based Compensation — — — $731k $1.5m $19.1m $36.5m
Unrealized Gain Loss On Investment Securities — — — ($5.2m) $6.9m $13.3m $1.2m
Profit or Loss $60.9m $61.8m $121.2m $94.1m $120.8m — —
Total return swap - cash received — — — — — $0 $225k
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities $1k ($163k) ($1.6m) ($5.4m) ($5.9m) — —
Capital Expenditure — — — ($6.7m) ($15.0m) ($8.3m) ($29.3m)
Net Investment Purchase And Sale — — — $96.8m $21.3m $6.8m ($22.8m)
Purchase Of Investment — — — ($12.1m) ($9.8m) ($3.8m) ($35.1m)
Sale Of Investment — — — $108.9m $31.1m $10.7m $12.2m
Acquisition of other intangible assets, classified as investing activities — — — — — $0 ($85k)
Net Other Investing Changes — — — ($236.9m) $63.1m $139.3m $55.7m
Cash flows from financing activities:
Issuance Of Debt — — — $0 $25.0m $261.0m $261.3m
Long Term Debt Issuance — — — $0 $25.0m $261.0m $261.3m
Net Issuance Payments Of Debt — — — ($1.7m) ($2.2m) $222.8m ($55.7m)
Net Long Term Debt Issuance — — — ($1.7m) ($2.2m) $222.8m ($55.7m)
Net Short Term Debt Issuance — — $0 $0 ($1.3m) — —
Short Term Debt Issuance — — $0 $0 $25.0m — —
Long Term Debt Payments — — — ($1.7m) ($27.2m) ($38.2m) ($317.0m)
Repayment Of Debt — — — ($1.7m) ($27.2m) ($38.2m) ($317.0m)
Short Term Debt Payments — — $0 $0 ($26.3m) — —
Common Stock Issuance — — $302.7m $230.0m $0 $0 —
Net Common Stock Issuance — — — $230.0m ($65.2m) ($141.3m) ($56.2m)
Common Stock Payments — — — $0 ($65.2m) ($141.3m) ($56.2m)
Dividends paid $46.9m $64.5m — — — — —
Dividends Paid Classified As Financing Activities $46.9m $64.5m $119.8m $103.3m — — —
Dividends Paid Ordinary Shares Per Share $0.00 $0.00 $0.66 $0.70 $0.98 — —
Dividends paid to equity holders of parent, classified as financing activities — — ($119.8m) ($103.3m) ($145.1m) ($132.4m) ($95.1m)
Proceeds From Contributions Of Non-Controlling Interests In Lieu Of Dividend Payable — — $0 $0 $1.1m $1.5m $0
Cash Dividends Paid — — — ($103.3m) ($145.1m) ($132.4m) ($95.1m)
Common Stock Dividend Paid — — ($119.8m) ($103.3m) ($145.1m) — —
Net Other Financing Charges — — — ($4.7m) ($15.9m) ($92.9m) ($45.6m)
Effect of exchange rate changes on cash and cash equivalents ($175k) ($35k) ($12k) $1.0m $267k ($2.2m) $3.5m
Effect Of Exchange Rate Changes — — — $1.0m $267k ($2.2m) $3.5m
Cash flows from (used in) decrease (increase) in short-term deposits and investments $20.7m $9.5m ($141.7m) $108.9m $31.1m $10.7m $1.7m
Cash and cash equivalents $4.1m $14.1m $15.3m $26.5m $16.1m $33.4m $53.6m
Change In Cash Supplemental As Reported — — — $11.3m ($10.5m) $17.4m $20.2m
Interest Paid Classified As Financing Activities $899k $865k $1.0m $1.8m $1.2m ($7.9m) ($15.5m)
Income taxes paid, classified as operating activities ($2.3m) ($1.8m) ($221k) ($621k) ($3.3m) ($13.6m) ($12.9m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.