BKK:TME23 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	10,810	6,644	4,920	3,677	3,029	4,155
Depreciation & Amortization	835	835	861	1,160	1,001	824
Other Amortization	143	143	143	-	-	-
Loss (Gain) From Sale of Investments	102	102	11	-26	-95	-28
Loss (Gain) on Equity Investments	-96	-96	-127	-38	47	-19
Stock-Based Compensation	596	596	649	665	647	569
Provision & Write-off of Bad Debts	17	17	17	47	9	8
Other Operating Activities	-3,643	478	77	-225	28	-127
Change in Accounts Receivable	-539	-539	-204	906	-769	-520
Change in Inventory	-15	-15	7	10	-6	8
Change in Accounts Payable	1,845	1,845	52	663	631	644
Change in Other Net Operating Assets	265	265	931	642	717	-629
Operating Cash Flow	10,320	10,275	7,337	7,481	5,239	4,885
Operating Cash Flow Growth	5.61%	40.04%	-1.93%	42.79%	7.25%	-21.21%
Capital Expenditures	-319	-319	-165	-85	-159	-108
Cash Acquisitions	-34	-34	-9	-165	-2,078	-540
Divestitures	-25	-25	-	-	3	15
Sale (Purchase) of Intangibles	-713	-713	-999	-968	-2,599	-393
Investment in Securities	-5,810	-5,810	-794	-306	-1,255	-13,226
Other Investing Activities	3,118	74	128	78	88	1
Investing Cash Flow	-3,774	-6,818	-1,863	-1,446	-5,999	-14,206
Long-Term Debt Issued	-	-	-	-	-	5,410
Long-Term Debt Repaid	-	-134	-116	-130	-116	-80
Net Debt Issued (Repaid)	-134	-134	-116	-130	-116	5,330
Issuance of Common Stock	156	156	57	3	104	163
Repurchase of Common Stock	-2,142	-2,142	-1,349	-3,145	-3,584	-180
Common Dividends Paid	-1,508	-1,508	-	-	-	-
Other Financing Activities	-1,821	-202	-130	-147	-114	-21
Financing Cash Flow	-5,449	-3,830	-1,538	-3,419	-3,710	5,292
Foreign Exchange Rate Adjustments	-51	-30	76	348	-67	-269
Net Cash Flow	1,046	-403	4,012	2,964	-4,537	-4,298
Free Cash Flow	10,001	9,956	7,172	7,396	5,080	4,777
Free Cash Flow Growth	4.10%	38.82%	-3.03%	45.59%	6.34%	-21.75%
Free Cash Flow Margin	31.53%	35.05%	25.84%	26.10%	16.26%	16.39%
Free Cash Flow Per Share	6.43	6.36	4.53	4.57	3.02	2.84
Cash Interest Paid	119	119	117	115	105	15
Cash Income Tax Paid	1,355	1,355	825	733	589	637
Levered Free Cash Flow	5,383	6,647	3,143	5,002	1,041	3,214
Unlevered Free Cash Flow	5,408	6,724	3,220	5,074	1,116	3,276
Change in Working Capital	1,556	1,556	786	2,221	573	-497

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