Wharf Real Estate Investment Company Limited (FRA:4WF)

FRA:4WF Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-463	891	4,766	-8,856	4,391	-7,854
Depreciation & Amortization	234	237	246	280	330	294
Stock-Based Compensation	11	11	5	-	-	-
Change in Accounts Receivable	133	133	64	-301	664	-710
Change in Accounts Payable	-519	-519	-540	-761	-805	-187
Change in Other Net Operating Assets	310	-16	-324	683	-193	-79
Other Operating Activities	6,782	5,628	1,630	15,385	2,435	13,228
Operating Cash Flow	6,461	6,338	5,865	6,688	7,968	4,824
Operating Cash Flow Growth	8.55%	8.06%	-12.31%	-16.06%	65.17%	-59.88%
Acquisition of Real Estate Assets	-134	-177	-125	-204	-393	-362
Sale of Real Estate Assets	-	-	-	-	1	-
Net Sale / Acq. of Real Estate Assets	-134	-177	-125	-204	-392	-362
Investment in Marketable & Equity Securities	3	3	7,293	-1,954	591	-7,770
Other Investing Activities	22	-	-	-	-	-
Investing Cash Flow	-109	-174	7,168	-2,158	199	-8,132
Long-Term Debt Issued	-	13,329	10,637	19,586	25,967	20,649
Long-Term Debt Repaid	-	-15,499	-20,002	-20,361	-30,285	-12,825
Net Debt Issued (Repaid)	-2,170	-2,170	-9,365	-775	-4,318	7,824
Common Dividends Paid	-3,765	-3,795	-3,886	-4,068	-4,129	-5,192
Other Financing Activities	-40	-	-	-59	-210	-44
Foreign Exchange Rate Adjustments	23	-15	2	-88	30	73
Net Cash Flow	400	184	-216	-460	-460	-647
Cash Interest Paid	2,116	2,116	2,280	1,097	784	954
Cash Income Tax Paid	1,029	1,068	1,346	1,197	1,380	3,692
Levered Free Cash Flow	5,834	4,668	5,306	4,039	6,690	928.88
Unlevered Free Cash Flow	6,896	5,748	6,618	5,149	7,104	1,755
Change in Working Capital	-103	-429	-782	-121	812	-844

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