FRA:CMW 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	FY 2020
Period Ending	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	3,607	3,584	3,360	3,157	3,081
Depreciation & Amortization	1,675	1,672	1,598	1,529	1,350
Loss (Gain) From Sale of Assets	-5.71	-14.72	-20.12	-111.99	8.66
Asset Writedown & Restructuring Costs	0	2.26	-	-	0.97
Loss (Gain) From Sale of Investments	-0.05	-33.5	0.04	-	-
Loss (Gain) on Equity Investments	-149.15	-116.34	-92.75	-91.92	-168.93
Provision & Write-off of Bad Debts	514.79	416.88	333.09	67.64	127.19
Other Operating Activities	-289	-328.97	-465.06	-463.31	-372.52
Change in Accounts Receivable	-12,196	-7,339	-6,092	-1,852	-1,875
Change in Inventory	-135.67	121.39	97.87	158.75	236.61
Change in Accounts Payable	13,607	8,837	8,323	2,981	2,697
Change in Unearned Revenue	-337.24	-1,341	-581.2	471.53	890.54
Change in Other Net Operating Assets	-70.3	-104.97	-1,551	-1,340	-522.76
Operating Cash Flow	6,221	5,356	4,909	4,506	5,453
Operating Cash Flow Growth	16.14%	9.11%	8.95%	-17.38%	13.34%
Capital Expenditures	-1,161	-1,218	-1,226	-1,769	-3,532
Sale of Property, Plant & Equipment	25.23	27.11	32.43	24.16	15.33
Cash Acquisitions	-	-18.45	-	-	-
Divestitures	-	-	-	6.26	-
Sale (Purchase) of Real Estate	-	-	-	-	1.41
Investment in Securities	-6,325	-1,239	-1,870	-2,462	1,551
Other Investing Activities	295.41	333.31	773.97	530.9	-279.41
Investing Cash Flow	-7,165	-2,116	-2,289	-3,670	-2,244
Long-Term Debt Issued	403.9	643.92	240.18	430.42	388.43
Long-Term Debt Repaid	-1,173	-1,271	-726.68	-828.05	-634.16
Net Debt Issued (Repaid)	-769.22	-627.13	-486.5	-397.63	-245.73
Common Dividends Paid	-1,573	-1,405	-1,195	-945.79	-925.43
Other Financing Activities	-	-369.93	0.22	900	0.14
Financing Cash Flow	-2,342	-2,402	-1,744	-628.35	-1,354
Foreign Exchange Rate Adjustments	9.32	-11.23	39.11	-45.52	-68.2
Net Cash Flow	-3,277	827.2	914.8	162.54	1,788
Free Cash Flow	5,060	4,138	3,683	2,737	1,922
Free Cash Flow Growth	22.29%	12.36%	34.57%	42.40%	-49.23%
Free Cash Flow Margin	3.37%	2.78%	2.62%	2.04%	1.57%
Free Cash Flow Per Share	0.73	0.60	0.53	0.40	0.28
Cash Interest Paid	105.78	115.73	134.52	90.5	63.82
Cash Income Tax Paid	471.43	419.13	492.11	475.49	476.49
Levered Free Cash Flow	2,411	3,668	2,445	3,487	476.72
Unlevered Free Cash Flow	2,477	3,739	2,502	3,536	516.4
Change in Working Capital	867.86	174.05	196.59	419.33	1,426

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