CASH FLOW TREND ANALYSIS BEFORE AND DURING THE PANDEMIC AT PT PELINDO (PERSERO)

Abstract

The COVID-19 pandemic has had a significant impact on port and logistics activities managed by PT Pelindo (Persero). The decline in loading and unloading activities and ship traffic impacted the company's revenue and altered operational expenditure patterns. This condition has a direct impact on cash flow, which has shifted during the pandemic. This study aimed to determine cash flow trends from PT Pelindo (Persero)'s operating, investing, and financing activities before and during the pandemic. The research method used was a descriptive quantitative approach with trend analysis through a time series index method, chosen for its ability to illustrate multi year financial changes. The data used was secondary data from PT Pelindo's financial statements for 2017–2019 (the pre-pandemic period) and 2020–2021 (the pandemic period), obtained from the company's official website. The results showed that cash flow from operating activities was stable before the pandemic but decreased in 2020 due to a decrease in port activity volume. Cash flow from investing activities showed a negative value due to the realization of ongoing infrastructure projects. Cash flow from financing activities increased in 2021 following the merger of Pelindo I–IV into PT Pelindo (Persero), which strengthened the company's cash position. These results indicate that the pandemic caused significant changes in cash flow patterns, but the corporate strategy implemented was able to maintain the company's liquidity stability