Lendlease Annual Report 2024

Financial Statements 101 Statement of Cash Flows Year Ended 30 June 2024 June 2024 June 2023 Note $m $m Cash Flows from Operating Activities Cash receipts in the course of operations 15,834 10,801 Cash payments in the course of operations (15,984) (11,104) Interest received 48 27 Interest paid in relation to other corporations (294) (192) Interest paid in relation to lease liabilities (13) (15) Dividends/distributions received 424 113 Income tax paid in respect of operations (70) (116) Net cash used in operating activities 15 (55) (486) Cash Flows from Investing Activities Sale/redemption of investments 371 622 Acquisition of investments (993) (1,632) Sale of investment properties 109 84 Capital expenditure on investment properties (22) (6) Net loan (repayment to)/drawdowns from associates and joint ventures (39) 6 Disposal of consolidated entities (net of cash disposed and transaction costs) 85 247 Disposal of other financial assets - 3 Acquisition of property, plant and equipment (31) (28) Acquisition of intangible assets (32) (54) Net cash used in investing activities (552) (758) Cash Flows from Financing Activities Proceeds from borrowings 6,315 5,235 Repayment of borrowings (5,406) (4,333) Dividends/distributions paid (118) (105) Repayment of lease liabilities (68) (74) Net cash provided by financing activities 723 723 Other Cash Flow Items Effect of foreign exchange rate movements on cash and cash equivalents (16) 124 Net increase/(decrease) in cash and cash equivalents 100 (397) Cash and cash equivalents at beginning of financial year 900 1,297 Cash and cash equivalents at end of financial year 14 1,000 900 The accompanying notes form part of these consolidated financial statements.