Shangri-La Hotel PCL Cash Flow Statement

Financials in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	240.91	370.96	137.99	-80.19	-492.81
Depreciation & Amortization	168.58	168.78	161.94	173.68	201.52
Loss (Gain) From Sale of Assets	0.35	-0.2	-0.84	-8.28	-0.28
Asset Writedown & Restructuring Costs	2.34	-	8.74	-	-
Loss (Gain) From Sale of Investments	117.4	300.65	270.45	93.12	158.07
Loss (Gain) on Equity Investments	30.81	48.31	110.15	41.35	27.71
Provision & Write-off of Bad Debts	0.03	-0.19	-1.52	-0.54	-0.84
Other Operating Activities	-105.19	15.69	104	-42.24	-131.52
Change in Accounts Receivable	-13.03	1.39	20.31	-59.13	-10.32
Change in Inventory	0.85	2.31	-6.8	-3.61	4.24
Change in Accounts Payable	14.26	12.15	19.06	85.89	1.71
Change in Unearned Revenue	128.38	-35.81	-32.34	102.96	-
Change in Other Net Operating Assets	-26.65	6.13	-23.49	-17.23	12.89
Operating Cash Flow	559.05	890.16	767.64	285.79	-229.63
Operating Cash Flow Growth	-37.20%	15.96%	168.61%	-	-
Capital Expenditures	-72.74	-74.95	-88.63	-29.89	-14.46
Sale of Property, Plant & Equipment	0.37	0.67	0.87	8.5	0.29
Sale (Purchase) of Intangibles	-0.54	-0.6	-0.66	-0.35	-0.1
Investment in Securities	-23.49	-1,599	-1,856	1,022	282.78
Other Investing Activities	96.87	52.4	-2.99	33.37	21.9
Investing Cash Flow	0.47	-1,621	-1,947	1,034	290.41
Common Dividends Paid	-130	-130	-	-	-
Other Financing Activities	-	-	-115.8	-	-
Financing Cash Flow	-130	-130	-115.8	-	-
Foreign Exchange Rate Adjustments	31.79	-105.39	38.06	73.25	128.8
Net Cash Flow	461.31	-966.61	-1,257	1,393	189.58
Free Cash Flow	486.31	815.21	679.01	255.9	-244.09
Free Cash Flow Growth	-40.35%	20.06%	165.34%	-	-
Free Cash Flow Margin	22.58%	34.48%	31.06%	21.31%	-68.59%
Free Cash Flow Per Share	3.74	6.27	5.22	1.97	-1.88
Cash Income Tax Paid	142.32	60.51	2.21	8.09	8.75
Levered Free Cash Flow	444.32	392.33	324.78	241.07	-155.97
Unlevered Free Cash Flow	444.32	392.33	324.78	241.07	-155.97
Change in Working Capital	103.82	-13.84	-23.26	108.89	8.51

Source: S&P Global Market Intelligence. Standard template. Financial Sources.