Hysan Development Company Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	592	567	-731	-607	1,842
Depreciation & Amortization	42	36	33	32	29
Gain (Loss) on Sale of Assets	-589	-3	-1	1	11
Gain (Loss) on Sale of Investments	87	19	267	1	-
Asset Writedown	1,405	1,506	2,763	3,213	720
Stock-Based Compensation	4	5	3	7	5
Income (Loss) on Equity Investments	581	83	-233	-222	-455
Change in Accounts Receivable	50	-199	102	-91	126
Change in Accounts Payable	-57	237	33	115	-97
Change in Other Net Operating Assets	18	9	-22	-33	-56
Other Operating Activities	155	96	-7	-21	351
Operating Cash Flow	2,288	2,356	2,207	2,395	2,476
Operating Cash Flow Growth	-2.89%	6.75%	-7.85%	-3.27%	21.37%
Acquisition of Real Estate Assets	-2,633	-1,890	-1,669	-3,081	-22,334
Sale of Real Estate Assets	2,030	-	-	-	-
Net Sale / Acq. of Real Estate Assets	-603	-1,890	-1,669	-3,081	-22,334
Investment in Marketable & Equity Securities	1,066	264	3,409	-5,851	7,007
Other Investing Activities	308	340	398	316	280
Investing Cash Flow	771	-1,286	2,138	-8,616	-15,047
Long-Term Debt Issued	6,465	7,823	3,080	9,291	8,310
Long-Term Debt Repaid	-4,512	-6,613	-4,414	-3,775	-803
Total Debt Repaid	-4,512	-6,613	-4,414	-3,775	-803
Net Debt Issued (Repaid)	1,953	1,210	-1,334	5,516	7,507
Issuance of Common Stock	-	-	-	-	1
Repurchase of Common Stock	-5,867	-728	-1	-561	-146
Common Dividends Paid	-1,599	-1,537	-1,921	-1,944	-1,956
Other Financing Activities	4,718	-1,033	-1,068	-839	-686
Foreign Exchange Rate Adjustments	3	-1	2	71	-
Net Cash Flow	2,267	-1,019	23	-3,978	-7,851
Cash Interest Paid	981	929	969	732	565
Cash Income Tax Paid	243	187	224	196	369
Levered Free Cash Flow	270	2,167	5,557	-1,227	9,843
Unlevered Free Cash Flow	540	2,428	5,826	-971.5	10,061
Change in Working Capital	11	47	113	-9	-27