Waterdrop Cash Flow Statement

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

Millions CNY. 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	350.88	163.69	607.72	-1,574
Depreciation & Amortization	11.57	13.56	22.98	18.09
Loss (Gain) From Sale of Assets	0.66	3.73	1.38	0.8
Asset Writedown & Restructuring Costs	24.27	3.12	0.37	40.5
Stock-Based Compensation	86.87	133.87	112.03	226.16
Provision & Write-off of Bad Debts	12.62	9.64	23.5	-
Other Operating Activities	-24.66	-24.18	-7.94	-
Change in Accounts Receivable	-101.29	-79.63	-3	151
Change in Unearned Revenue	-	-	-0.8	-21.21
Change in Other Net Operating Assets	68.28	184.87	-12.36	287.05
Operating Cash Flow	437.25	406.52	765.71	-1,097
Operating Cash Flow Growth	7.56%	-46.91%	-	-
Capital Expenditures	-218.42	-13.52	-11.88	-35.66
Sale of Property, Plant & Equipment	0.16	0.23	0.9	0.03
Cash Acquisitions	-	-195.91	-	0.77
Divestitures	-	-1.29	-	-
Sale (Purchase) of Intangibles	-	-	-	-0.82
Investment in Securities	437.93	-962.47	-128.84	-811.22
Other Investing Activities	71.96	-	-	-
Investing Cash Flow	291.64	-1,173	-139.82	-846.9
Short-Term Debt Issued	246.94	167.2	-	-
Total Debt Issued	246.94	167.2	-	-
Short-Term Debt Repaid	-187.1	-30.1	-	-
Long-Term Debt Repaid	-	-0.02	-0.16	-0.19
Total Debt Repaid	-187.1	-30.12	-0.16	-0.19
Net Debt Issued (Repaid)	59.85	137.08	-0.16	-0.19
Issuance of Common Stock	7.23	11.71	9.73	2,136
Repurchase of Common Stock	-106.98	-526.03	-67.02	-16.55
Financing Cash Flow	-198.58	-377.24	-57.46	2,120
Foreign Exchange Rate Adjustments	2.58	26.17	37.72	-14.09
Net Cash Flow	532.89	-1,118	606.15	162.03
Free Cash Flow	218.84	392.99	753.82	-1,132
Free Cash Flow Growth	-44.32%	-47.87%	-	-
Free Cash Flow Margin	7.90%	14.94%	26.91%	-35.32%
Free Cash Flow Per Share	0.59	1.01	1.87	-3.79
Cash Income Tax Paid	1.99	1.28	1.7	2.53
Levered Free Cash Flow	38.11	169.55	604.22	-954.55
Unlevered Free Cash Flow	38.11	169.55	604.22	-954.55
Change in Working Capital	-24.97	103.1	5.67	191.87

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