MTR Corporation 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	15,313	15,772	7,784	9,827	9,552
Depreciation & Amortization	6,396	6,144	6,105	6,034	6,192
Other Operating Activities	-7,902	-4,845	-716	-8,555	-8,417
Change in Accounts Receivable	935	565	-1,682	-307	813
Change in Inventory	-547	-11	-283	-185	-153
Change in Accounts Payable	-2,321	866	-11	-57	-515
Operating Cash Flow	11,874	18,491	11,197	6,757	7,472
Operating Cash Flow Growth	-35.78%	65.14%	65.71%	-9.57%	867.88%
Capital Expenditures	-22,149	-20,009	-12,333	-19,284	-8,642
Sale of Property, Plant & Equipment	13,729	3,007	7,109	14,162	17,779
Sale (Purchase) of Real Estate	-341	-666	-1,250	-769	-280
Investment in Securities	-5,156	-1,227	151	125	-1,005
Other Investing Activities	-2,655	-1,372	-1,401	3,779	-1,878
Investing Cash Flow	-16,572	-20,267	-7,724	-1,987	5,974
Long-Term Debt Issued	63,087	45,842	74,057	41,646	16,532
Long-Term Debt Repaid	-55,719	-27,607	-62,746	-36,878	-23,115
Net Debt Issued (Repaid)	7,368	18,235	11,311	4,768	-6,583
Issuance of Common Stock	23,472	-	-	-	67
Repurchase of Common Stock	-113	-207	-93	-109	-116
Common Dividends Paid	-8,767	-7,946	-7,595	-8,562	-7,165
Other Financing Activities	-1,049	-1,579	-1,750	-668	-734
Financing Cash Flow	20,911	8,503	1,873	-4,571	-14,531
Foreign Exchange Rate Adjustments	559	-466	82	-710	-42
Miscellaneous Cash Flow Adjustments	-	-	-94	-	-
Net Cash Flow	16,772	6,261	5,334	-511	-1,127
Free Cash Flow	-10,275	-1,518	-1,136	-12,527	-1,170
Free Cash Flow Margin	-18.52%	-2.53%	-1.99%	-26.20%	-2.48%
Free Cash Flow Per Share	-1.65	-0.24	-0.18	-2.02	-0.19
Cash Interest Paid	2,556	2,497	1,869	961	910
Cash Income Tax Paid	3,442	1,190	2,217	1,016	804
Levered Free Cash Flow	-4,789	532.88	-2,773	2,063	5,900
Unlevered Free Cash Flow	-3,408	1,931	-1,622	2,944	6,738
Change in Working Capital	-1,933	1,420	-1,976	-549	145

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