Cathay Pacific Airways Balance Sheet

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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
Cash & Equivalents	3,321	5,444	7,894	7,340	8,573	6,166
Short-Term Investments	5,591	5,090	7,636	10,818	10,572	13,031
Cash & Short-Term Investments	8,912	10,534	15,530	18,158	19,145	19,197
Cash Growth	-52.69%	-32.17%	-14.47%	-5.16%	-0.27%	30.40%
Accounts Receivable	4,973	4,743	4,487	4,017	3,922	3,385
Other Receivables	2,789	2,078	1,512	1,819	2,615	2,994
Receivables	7,762	6,821	5,999	5,836	6,537	6,379
Inventory	1,613	1,386	967	1,137	1,269	1,719
Other Current Assets	133	505	253	1,205	1,946	272
Total Current Assets	18,420	19,246	22,749	26,336	28,897	27,567
Property, Plant & Equipment	116,085	116,457	116,088	115,891	121,191	128,995
Long-Term Investments	16,497	17,241	16,873	17,332	25,288	27,304
Goodwill	-	11,615	11,615	11,615	11,615	11,615
Other Intangible Assets	14,375	2,789	2,902	3,163	3,412	3,446
Long-Term Deferred Tax Assets	1,367	1,152	1,085	1,134	846	627
Other Long-Term Assets	3,558	2,744	2,803	5,443	5,378	5,020
Total Assets	170,302	171,244	174,115	180,914	196,627	204,574
Accounts Payable	7,597	7,480	7,397	5,380	4,327	3,284
Accrued Expenses	663	785	540	330	271	218
Current Portion of Long-Term Debt	7,427	7,423	5,719	8,490	16,061	17,513
Current Portion of Leases	4,117	4,203	4,804	6,153	6,289	6,736
Current Income Taxes Payable	1,897	1,771	2,509	4,023	2,765	1,977
Current Unearned Revenue	20,906	18,365	15,223	13,537	7,925	8,122
Other Current Liabilities	10,243	10,212	9,301	5,489	5,497	8,874
Total Current Liabilities	52,850	50,239	45,493	43,402	43,135	46,724
Long-Term Debt	29,861	33,174	33,576	36,676	39,061	37,982
Long-Term Leases	23,849	23,675	24,195	25,787	28,443	30,898
Long-Term Unearned Revenue	174	197	252	282	478	-
Pension & Post-Retirement Benefits	-	99	90	75	-	-
Long-Term Deferred Tax Liabilities	8,382	7,990	7,756	8,117	9,820	11,499
Other Long-Term Liabilities	3,525	3,363	2,720	2,766	3,441	4,210
Total Liabilities	118,641	118,737	114,082	117,105	124,378	131,313
Common Stock	28,841	28,841	19,078	28,822	28,822	28,822
Retained Earnings	-	26,437	21,186	13,209	19,724	24,741
Comprehensive Income & Other	22,813	-2,778	10,012	2,272	4,198	194
Total Common Equity	51,654	52,500	50,276	44,303	52,744	53,757
Minority Interest	7	7	7	6	5	4
Shareholders' Equity	51,661	52,507	60,033	63,809	72,249	73,261
Total Liabilities & Equity	170,302	171,244	174,115	180,914	196,627	204,574
Total Debt	65,254	68,475	68,294	77,106	89,854	93,129
Net Cash (Debt)	-56,342	-57,941	-52,764	-58,948	-70,709	-73,932
Net Cash Per Share	-8.01	-7.85	-7.13	-9.16	-10.98	-14.34
Filing Date Shares Outstanding	6,439	6,439	6,438	6,437	6,437	6,437
Total Common Shares Outstanding	6,439	6,439	6,438	6,437	6,437	6,437
Working Capital	-34,430	-30,993	-22,744	-17,066	-14,238	-19,157
Book Value Per Share	8.02	8.15	7.81	6.88	8.19	8.35
Tangible Book Value	37,279	38,096	35,759	29,525	37,717	38,696
Tangible Book Value Per Share	5.79	5.92	5.55	4.59	5.86	6.01
Land	-	15,528	15,295	15,206	15,191	15,404
Machinery	-	173,313	163,771	141,407	142,382	137,927
Construction In Progress	-	-	-	-	20	20

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