Skip to main content
logo
Cathay Pacific Airways Limited (HKG:0293)
Hong Kong flag Hong Kong · Delayed Price · Currency is HKD
14.60
+0.11 (0.76%)
Jul 31, 2026, 4:08 PM HKT

Cathay Pacific Airways Cash Flow Statement

Millions HKD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
10,8289,8889,7893,381-5,527
Depreciation & Amortization
10,91711,46611,73411,56312,229
Other Amortization
653593590626557
Loss (Gain) From Sale of Assets
-366-4034152-46
Asset Writedown & Restructuring Costs
-375-46-208-1,010
Loss (Gain) From Sale of Investments
-10-599-1,918-88-156
Other Operating Activities
-136-1,293-837-3,746927
Change in Accounts Receivable
-1,345-974-6705-159
Change in Inventory
-478-419170132340
Change in Accounts Payable
2,9071,8035,515382-1,376
Change in Unearned Revenue
3,2333,0871,6565,416281
Change in Other Net Operating Assets
-44775-111-687755
Operating Cash Flow
25,38123,54126,40817,8368,835
Operating Cash Flow Growth
7.82%-10.86%48.06%101.88%-

Investing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-9,830-9,207-6,801-3,729-2,276
Sale of Property, Plant & Equipment
38919022250112
Investment in Securities
1,4512,8483,873-1832,464
Other Investing Activities
54687381,102193
Investing Cash Flow
-7,444-6,082-2,668-2,760493

Financing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
8,72213,2844,9276,11513,906
Long-Term Debt Repaid
-19,683-18,841-16,386-22,351-20,838
Net Debt Issued (Repaid)
-10,961-5,557-11,459-16,236-6,932
Preferred Dividends Paid
--471-1,969--
Common Dividends Paid
-4,491-4,056---
Dividends Paid
-4,491-4,527-1,969--
Financing Cash Flow
-15,452-19,834-23,178-16,236-6,932

Net Cash Flow

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
61-75-8-7311
Net Cash Flow
2,546-2,450554-1,2332,407

Free Cash Flow

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
15,55114,33419,60714,1076,559
Free Cash Flow Growth
8.49%-26.89%38.99%115.08%-
Free Cash Flow Margin
13.32%13.73%20.75%27.64%14.39%
Free Cash Flow Per Share
2.311.942.652.191.02
Levered Free Cash Flow
15,60612,55319,63518,8726,093
Unlevered Free Cash Flow
17,58714,98922,11120,8397,799

Additional Metrics

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
2,6613,2463,3642,4321,946
Cash Income Tax Paid
1,4492,0103,1131,247991
Change in Working Capital
3,8703,5727,2245,948-159