The ONE Group Hospitality Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 28, 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
Net Income	-82.98	-15.82	4.72	13.53	31.35	-12.83
Depreciation & Amortization	43.62	34.1	15.66	12.13	10.79	10.11
Other Amortization	3.58	2.64	0.75	0.37	0.42	0.48
Asset Writedown & Restructuring Costs	3.39	-	-	-	-	-
Stock-Based Compensation	5.93	6.02	5.03	3.99	3.25	1.77
Other Operating Activities	62.2	-7.04	-3.13	-0.23	-16.42	-6.27
Change in Accounts Receivable	-3.72	0.3	-2.06	-3.86	-5.62	4.38
Change in Inventory	0.46	-0.73	-0.46	-1.81	-1.43	0.57
Change in Accounts Payable	4.48	3.12	2.91	0.89	3.46	-0.94
Change in Unearned Revenue	-	-	-	-	-0.73	-1.4
Change in Other Net Operating Assets	-1.22	21.62	7.35	0.24	5.89	4.56
Operating Cash Flow	35.74	44.19	30.78	25.25	30.97	0.43
Operating Cash Flow Growth	-13.29%	43.56%	21.90%	-18.46%	7084.69%	-94.84%
Capital Expenditures	-61.96	-71.56	-53.55	-32.63	-11.47	-5.79
Cash Acquisitions	-	-369.84	-	-	-	-
Investing Cash Flow	-61.96	-441.39	-53.55	-32.63	-11.47	-5.79
Long-Term Debt Issued	-	333.83	-	55	-	18.31
Total Debt Issued	11.52	333.83	-	55	-	18.31
Long-Term Debt Repaid	-	-75.47	-1.02	-5.55	-22.76	-0.75
Total Debt Repaid	-5.92	-75.47	-1.02	-5.55	-22.76	-0.75
Net Debt Issued (Repaid)	5.6	258.36	-1.02	49.45	-22.76	17.56
Issuance of Common Stock	-	0.24	0.31	0.14	3.62	0.04
Repurchase of Common Stock	-2.01	-3.98	-10.54	-9.15	-0.19	-0.13
Other Financing Activities	-	10.77	-	-1.33	-0.94	-0.05
Financing Cash Flow	3.59	404.34	-11.25	39.1	-20.28	17.42
Foreign Exchange Rate Adjustments	-0.01	-0.1	-0.06	-0.22	0.01	-0.03
Net Cash Flow	-22.64	7.03	-34.07	31.51	-0.77	12.04
Free Cash Flow	-26.22	-27.37	-22.77	-7.38	19.5	-5.36
Free Cash Flow Margin	-3.19%	-4.06%	-6.84%	-2.33%	7.03%	-3.77%
Free Cash Flow Per Share	-0.85	-0.88	-0.70	-0.22	0.58	-0.18
Cash Interest Paid	38.16	24.5	5.31	1.56	3.4	3.93
Cash Income Tax Paid	0.99	0.5	0.72	0.79	0.44	0.29
Levered Free Cash Flow	-6.49	17.75	-20.26	-8.26	20.12	8.27
Unlevered Free Cash Flow	15.61	34.55	-16.61	-7.31	22.07	11.13
Change in Working Capital	-0.01	24.31	7.75	-4.55	1.58	7.16

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