FRA:HSG Cash Flow Statement

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	2015 - 2019
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	2015 - 2019
Net Income	-784	-943	146	-488	-120	-1,940	Upgrade
Depreciation & Amortization	711	686	520	452	499	553	Upgrade
Other Operating Activities	1,440	1,530	404	364	-55	1,147	Upgrade
Change in Accounts Receivable	29	29	-36	-66	-	-	Upgrade
Change in Inventory	-12	-12	-28	-15	-	-	Upgrade
Change in Accounts Payable	15	15	402	108	-	-	Upgrade
Change in Other Net Operating Assets	1,749	3,086	1,999	62	-6	-197	Upgrade
Operating Cash Flow	3,148	4,391	3,407	417	318	-437	Upgrade
Operating Cash Flow Growth	-36.08%	28.88%	717.03%	31.13%	-	-	Upgrade
Capital Expenditures	-431	-333	-314	-200	-141	-399	Upgrade
Cash Acquisitions	-	-	-	-	-	-571	Upgrade
Divestitures	3	-	-	4	-	30	Upgrade
Sale (Purchase) of Intangibles	44	-	-	-12	-646	-425	Upgrade
Sale (Purchase) of Real Estate	-624	-744	-1,930	-2,335	-1,692	-1,088	Upgrade
Investment in Securities	-109	-200	-359	-257	-120	-279	Upgrade
Other Investing Activities	-	-	-	63	-	-	Upgrade
Investing Cash Flow	-1,117	-1,277	-2,603	-2,737	-2,599	-2,732	Upgrade
Long-Term Debt Issued	-	2,226	2,139	9,142	4,032	4,383	Upgrade
Long-Term Debt Repaid	-	-4,456	-1,812	-6,262	-1,531	-1,088	Upgrade
Net Debt Issued (Repaid)	-1,219	-2,230	327	2,880	2,501	3,295	Upgrade
Common Dividends Paid	-	-22	-	-	-	-42	Upgrade
Other Financing Activities	-845	-851	-981	-427	-260	-267	Upgrade
Financing Cash Flow	-2,064	-3,103	-654	2,453	2,241	2,986	Upgrade
Foreign Exchange Rate Adjustments	33	-21	-	-29	-	9	Upgrade
Net Cash Flow	-	-10	150	104	-40	-174	Upgrade
Free Cash Flow	2,717	4,058	3,093	217	177	-836	Upgrade
Free Cash Flow Growth	-40.46%	31.20%	1325.35%	22.60%	-	-	Upgrade
Free Cash Flow Margin	30.34%	39.44%	38.13%	5.17%	5.11%	-30.85%	Upgrade
Free Cash Flow Per Share	1.63	2.45	1.88	0.13	0.11	-0.51	Upgrade
Cash Interest Paid	780	844	852	425	259	268	Upgrade
Cash Income Tax Paid	180	173	28	71	70	179	Upgrade
Levered Free Cash Flow	1,890	3,125	1,471	-4,935	-294.75	-1,021	Upgrade
Unlevered Free Cash Flow	2,337	3,594	1,646	-4,837	-196.63	-927.75	Upgrade
Change in Working Capital	1,781	3,118	2,337	89	-6	-197	Upgrade

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