EMAAR EC

Emaar, The Economic City

4220StocksTadawulReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operations
Operating Cash Flow	-238.50M	-344.76M	-227.42M	142.91M	-71.58M
Free Cash Flow	-494.27M	-398.54M	-228.90M	135.62M	-215.58M
Capital Expenditures	-255.77M	-53.79M	-1.47M	-7.29M	-144.00M
Investing & Financing
Investing Cash Flow	-223.90M	42.98M	75.56M	118.13M	-244.87M
Financing Cash Flow	535.70M	398.71M	-6.43M	-83.71M	86.96M
Operating Activities
Operating Cash Flow	-238.50M	-344.76M	-227.42M	142.91M	-71.58M
Net Income	-1.13B	-0.25B	-1.16B	-0.84B	-1.25B
Change in Accounts Payable	6.20M	-292.01M	-205.69M	-12.58M	88.83M
Change in Accounts Receivable	130.05M	12.01M	498.69M	567.10M	213.67M
Change in Inventory	-13.24M	131.45M	48.89M	20.66M	110.35M
Change in Other Net Operating Assets	21.57M	-59.87M	183.61M	12.61M	-10.06M
Change in Unearned Revenue	-44.69M	-274.29M	-154.58M	—	—
Change in Working Capital	99.88M	-482.70M	370.93M	587.80M	402.79M
Other Operating Activities	588.11M	227.16M	154.37M	36.94M	75.16M
Provision & Write-off of Bad Debts	—	—	0.41M	38.70M	137.62M
Depreciation & Amortization	250.41M	255.89M	278.53M	302.37M	341.91M
Other Amortization	1.79M	0.69M	1.87M	8.02M	8.09M
Cash Interest Paid	39.38M	192.91M	200.11M	115.26M	191.18M
Loss (Gain) on Equity Investments	55.99M	-33.89M	-25.05M	-45.84M	-48.07M
Asset Writedown & Restructuring Costs	1.09M	2.98M	93.66M	9.50M	264.99M
Investing Activities
Investing Cash Flow	-223.90M	42.98M	75.56M	118.13M	-244.87M
Capital Expenditures	-255.77M	-53.79M	-1.47M	-7.29M	-144.00M
Investment in Securities	—	—	—	101.36M	-100.81M
Other Investing Activities	2.86M	2.11M	57.70M	-0.64M	2.54M
Sale (Purchase) of Intangibles	-1.10M	-0.07M	-1.71M	-2.80M	-3.46M
Sale (Purchase) of Real Estate	30.11M	89.73M	21.04M	27.50M	0.86M
Sale of Property, Plant & Equipment	—	5.00M	—	—	—
Loss (Gain) From Sale of Assets	-31.39M	-80.78M	-7.88M	-13.54M	-5.72M
Loss (Gain) on Sale of Investments	-69.81M	19.12M	63.03M	55.49M	—
Financing Activities
Financing Cash Flow	535.70M	398.71M	-6.43M	-83.71M	86.96M
Long-Term Debt Issued	550.00M	450.00M	148.30M	3.98M	256.95M
Long-Term Debt Repaid	-14.30M	-51.29M	-154.73M	-68.91M	-187.00M
Total Debt Repaid	-14.30M	-51.29M	-154.73M	-68.91M	-187.00M
Net Debt Issued (Repaid)	535.70M	398.71M	-6.43M	-64.93M	69.95M
Other Financing Activities	—	—	—	-18.78M	17.01M
Free Cash Flow & Returns
Free Cash Flow	-494.27M	-398.54M	-228.90M	135.62M	-215.58M
Free Cash Flow Margin	-116.0%	-38.6%	-63.0%	+36.4%	-39.4%
Free Cash Flow Per Share	-0.95	-0.76	-0.44	0.32	-0.55
Levered Free Cash Flow	-745.95M	-772.88M	49.11M	-110.99M	397.19M
Unlevered Free Cash Flow	-360.12M	-472.51M	227.86M	-109.20M	399.66M
Net Cash Flow	73.29M	96.94M	-158.29M	177.33M	-229.49M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operations
Operating Cash Flow	-238.50M	-344.76M	-227.42M	142.91M	-71.58M
Free Cash Flow	-494.27M	-398.54M	-228.90M	135.62M	-215.58M
Capital Expenditures	-255.77M	-53.79M	-1.47M	-7.29M	-144.00M
Investing & Financing
Investing Cash Flow	-223.90M	42.98M	75.56M	118.13M	-244.87M
Financing Cash Flow	535.70M	398.71M	-6.43M	-83.71M	86.96M
Operating Activities
Operating Cash Flow	-238.50M	-344.76M	-227.42M	142.91M	-71.58M
Net Income	-1.13B	-0.25B	-1.16B	-0.84B	-1.25B
Change in Accounts Payable	6.20M	-292.01M	-205.69M	-12.58M	88.83M
Change in Accounts Receivable	130.05M	12.01M	498.69M	567.10M	213.67M
Change in Inventory	-13.24M	131.45M	48.89M	20.66M	110.35M
Change in Other Net Operating Assets	21.57M	-59.87M	183.61M	12.61M	-10.06M
Change in Unearned Revenue	-44.69M	-274.29M	-154.58M	—	—
Change in Working Capital	99.88M	-482.70M	370.93M	587.80M	402.79M
Other Operating Activities	588.11M	227.16M	154.37M	36.94M	75.16M
Provision & Write-off of Bad Debts	—	—	0.41M	38.70M	137.62M
Depreciation & Amortization	250.41M	255.89M	278.53M	302.37M	341.91M
Other Amortization	1.79M	0.69M	1.87M	8.02M	8.09M
Cash Interest Paid	39.38M	192.91M	200.11M	115.26M	191.18M
Loss (Gain) on Equity Investments	55.99M	-33.89M	-25.05M	-45.84M	-48.07M
Asset Writedown & Restructuring Costs	1.09M	2.98M	93.66M	9.50M	264.99M
Investing Activities
Investing Cash Flow	-223.90M	42.98M	75.56M	118.13M	-244.87M
Capital Expenditures	-255.77M	-53.79M	-1.47M	-7.29M	-144.00M
Investment in Securities	—	—	—	101.36M	-100.81M
Other Investing Activities	2.86M	2.11M	57.70M	-0.64M	2.54M
Sale (Purchase) of Intangibles	-1.10M	-0.07M	-1.71M	-2.80M	-3.46M
Sale (Purchase) of Real Estate	30.11M	89.73M	21.04M	27.50M	0.86M
Sale of Property, Plant & Equipment	—	5.00M	—	—	—
Loss (Gain) From Sale of Assets	-31.39M	-80.78M	-7.88M	-13.54M	-5.72M
Loss (Gain) on Sale of Investments	-69.81M	19.12M	63.03M	55.49M	—
Financing Activities
Financing Cash Flow	535.70M	398.71M	-6.43M	-83.71M	86.96M
Long-Term Debt Issued	550.00M	450.00M	148.30M	3.98M	256.95M
Long-Term Debt Repaid	-14.30M	-51.29M	-154.73M	-68.91M	-187.00M
Total Debt Repaid	-14.30M	-51.29M	-154.73M	-68.91M	-187.00M
Net Debt Issued (Repaid)	535.70M	398.71M	-6.43M	-64.93M	69.95M
Other Financing Activities	—	—	—	-18.78M	17.01M
Free Cash Flow & Returns
Free Cash Flow	-494.27M	-398.54M	-228.90M	135.62M	-215.58M
Free Cash Flow Margin	-116.0%	-38.6%	-63.0%	+36.4%	-39.4%
Free Cash Flow Per Share	-0.95	-0.76	-0.44	0.32	-0.55
Levered Free Cash Flow	-745.95M	-772.88M	49.11M	-110.99M	397.19M
Unlevered Free Cash Flow	-360.12M	-472.51M	227.86M	-109.20M	399.66M
Net Cash Flow	73.29M	96.94M	-158.29M	177.33M	-229.49M