FRA:HLD 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	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	6,296	9,261	9,239	13,195	10,192
Depreciation & Amortization	491	539	540	505	428
Loss (Gain) From Sale of Assets	-91	-64	-56	-162	-229
Asset Writedown & Restructuring Costs	1,514	1,700	12	-59	2,413
Loss (Gain) From Sale of Investments	28	-1,506	-53	-2,322	873
Loss (Gain) on Equity Investments	-3,098	-5,557	-4,618	-3,820	-3,160
Provision & Write-off of Bad Debts	36	6	2	1	6
Other Operating Activities	2,389	1,333	-429	-330	517
Change in Accounts Receivable	525	739	3,015	336	1,531
Change in Inventory	5,823	3,915	3,789	-7,934	953
Change in Accounts Payable	-1,067	1,056	273	1,998	-75
Change in Unearned Revenue	722	919	-2,192	-2,507	-6,441
Change in Other Net Operating Assets	1,729	2,119	1,609	1,784	64
Operating Cash Flow	15,297	14,460	11,131	685	7,072
Operating Cash Flow Growth	5.79%	29.91%	1524.96%	-90.31%	4.86%
Cash Acquisitions	-338	112	-	5,176	-124
Divestitures	2,221	-	-	-	-
Sale (Purchase) of Real Estate	-2,478	-3,999	-2,741	-54,169	-1,932
Investment in Securities	-6,358	-1,643	6,184	-5,491	-3,327
Other Investing Activities	5,085	5,546	8,703	4,440	4,409
Investing Cash Flow	-1,868	16	12,146	-50,044	-974
Short-Term Debt Issued	122	108	60	115	56
Long-Term Debt Issued	62,760	70,280	66,424	119,568	43,930
Total Debt Issued	62,882	70,388	66,484	119,683	43,986
Long-Term Debt Repaid	-68,103	-60,142	-75,336	-56,804	-43,784
Total Debt Repaid	-68,103	-60,142	-75,336	-56,804	-43,784
Net Debt Issued (Repaid)	-5,221	10,246	-8,852	62,879	202
Common Dividends Paid	-8,715	-8,715	-8,715	-8,715	-8,715
Other Financing Activities	-7,263	-6,948	-3,738	-2,113	-2,238
Financing Cash Flow	-21,199	-5,417	-21,305	52,051	-10,751
Foreign Exchange Rate Adjustments	-83	-83	-414	55	376
Net Cash Flow	-7,853	8,976	1,558	2,747	-4,277
Cash Interest Paid	7,024	6,732	3,522	1,874	2,125
Cash Income Tax Paid	1,424	1,197	2,570	2,263	1,534
Levered Free Cash Flow	14,465	6,467	12,460	4,899	2,110
Unlevered Free Cash Flow	15,878	7,672	12,960	5,046	2,719
Change in Working Capital	7,732	8,748	6,494	-6,323	-3,968

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