HKT Trust and HKT Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	5,070	4,991	4,901	4,808
Depreciation & Amortization	3,275	3,521	3,539	3,682
Other Amortization	2,230	2,131	2,268	1,970
Loss (Gain) From Sale of Assets	-141	-8	11	-16
Loss (Gain) on Equity Investments	126	114	97	130
Stock-Based Compensation	34	31	30	33
Provision & Write-off of Bad Debts	232	188	130	174
Other Operating Activities	2,955	2,374	2,153	2,182
Change in Accounts Receivable	-470	197	-272	-1,004
Change in Inventory	-535	439	-412	-390
Change in Accounts Payable	1,431	281	250	1,304
Change in Unearned Revenue	-42	-11	-231	175
Change in Other Net Operating Assets	-2,254	-2,987	-1,773	-2,407
Operating Cash Flow	11,911	11,261	10,691	10,641
Operating Cash Flow Growth	5.77%	5.33%	0.47%	0.96%
Capital Expenditures	-2,037	-2,138	-2,253	-2,378
Sale of Property, Plant & Equipment	4	6	4	42
Cash Acquisitions	-	-	-	2
Sale (Purchase) of Intangibles	-3,090	-2,897	-2,747	-2,887
Investment in Securities	-575	-122	200	-230
Other Investing Activities	-96	-63	-46	-41
Investing Cash Flow	-5,794	-5,214	-4,842	-5,409
Short-Term Debt Issued	717	2,341	1,306	1,327
Long-Term Debt Issued	29,931	22,983	22,803	15,912
Total Debt Issued	30,648	25,324	24,109	17,239
Short-Term Debt Repaid	-3	-	-7	-
Long-Term Debt Repaid	-34,529	-24,424	-23,891	-16,092
Total Debt Repaid	-34,532	-24,424	-23,898	-16,092
Net Debt Issued (Repaid)	-3,884	900	211	1,147
Issuance of Common Stock	-	-	43	-
Common Dividends Paid	-5,861	-5,696	-5,561	-5,428
Other Financing Activities	3,855	-1,610	-913	-635
Financing Cash Flow	-5,890	-6,406	-6,220	-4,916
Foreign Exchange Rate Adjustments	-7	-8	-43	3
Net Cash Flow	220	-367	-414	319
Free Cash Flow	9,874	9,123	8,438	8,263
Free Cash Flow Growth	8.23%	8.12%	2.12%	1.23%
Free Cash Flow Margin	28.41%	26.57%	24.73%	24.33%
Free Cash Flow Per Share	1.30	1.20	1.11	1.09
Cash Interest Paid	1,912	1,885	1,087	822
Cash Income Tax Paid	257	307	84	-27
Levered Free Cash Flow	6,271	5,883	6,043	5,574
Unlevered Free Cash Flow	7,592	7,140	6,963	6,309
Change in Working Capital	-1,870	-2,081	-2,438	-2,322

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