Cash Flow Statement

Currency: USD

	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023
Operating Cash Flow
Net Income	(26)	(21)	(26)	(31)	(29)	(64)	(62)	(198)	(192)	(172)	(173)	(34)
Depreciation & Amortization	7	11	16	17	17	20	21	23	23	21	19	17
Change in Deffered Taxes	0	0	0	(0)	0	(1)	0	3	3	4	3	(1)
Other Non-Cash Items	9	5	4	12	12	41	41	171	162	142	142	8
Cash Taxes Paid	0	0	0	0	0	0	0	1	1	1	1	(0)
Cash Interest Paid	0	0	0	0	0	0	0	2	4	4	4	1
Change in Working Capital	(1)	(0)	3	(3)	(2)	(8)	(9)	(1)	0	7	7	7
Cash from Operating Activities	(11) N/A	(5) +52%	(2) +54%	(5) -107%	(2) +50%	(12) -397%	(10) +20%	(1) +87%	(3) -173%	2 N/A	(1) N/A	(4) -168%
Investing Cash Flow
Capital Expenditures	(8)	(11)	(12)	(14)	(16)	(14)	(16)	(13)	(11)	(10)	(6)	(7)
Other Items	(92)	(96)	(92)	(93)	(0)	(2)	(6)	(6)	0	(1)	(1)	0
Cash from Investing Activities	(101) N/A	(106) -6%	(105) +1%	(107) -2%	(16) +85%	(17) -4%	(22) -29%	(19) +11%	(17) +12%	(10) +40%	(6) +37%	(7) -7%
Financing Cash Flow
Net Issuance of Common Stock	160	100	100	1	1	(0)	(0)	0	0	1	0	0
Net Issuance of Debt	(0)	0	0	(0)	0	30	30	30	0	5	5	12
Other	(5)	(1)	(0)	(1)	0	(2)	(2)	(3)	(3)	(4)	(4)	(11)
Cash from Financing Activities	154 N/A	99 -36%	100 +1%	0 -100%	0 +171%	27 +5 870%	27 +0%	27 0%	27 0%	2 -94%	1 -28%	1 +9%
Change in Cash
Effect of Foreign Exchange Rates	(1)	0	(0)	(2)	(1)	(1)	(5)	(1)	0	1	4	2
Net Change in Cash	42 N/A	(12) N/A	(7) +38%	(113) -1 438%	(19) +84%	(3) +84%	(9) -182%	6 N/A	7 +11%	(6) N/A	(3) +55%	(7) -185%
Free Cash Flow
Free Cash Flow	(19) N/A	(16) +17%	(15) +6%	(19) -28%	(18) +4%	(27) -47%	(26) +4%	(14) +44%	(14) +0%	(8) +43%	(7) +11%	(10) -44%

Gan Ltd
NASDAQ:GAN