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Cathay Pacific Airways Limited (HKG:0293)
Hong Kong flag Hong Kong · Delayed Price · Currency is HKD
14.57
+0.13 (0.90%)
Aug 21, 2026, 4:08 PM HKT

Cathay Pacific Airways Cash Flow Statement

Millions HKD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
13,42010,8289,8889,7893,381-5,527
Depreciation & Amortization
11,13210,91711,46611,73411,56312,229
Other Amortization
653653593590626557
Loss (Gain) From Sale of Assets
-366-366-4034152-46
Asset Writedown & Restructuring Costs
-375-375-46-208-1,010
Loss (Gain) From Sale of Investments
-10-10-599-1,918-88-156
Other Operating Activities
-423-136-1,293-837-3,746927
Change in Accounts Receivable
-1,345-1,345-974-6705-159
Change in Inventory
-478-478-419170132340
Change in Accounts Payable
2,9072,9071,8035,515382-1,376
Change in Unearned Revenue
3,2333,2333,0871,6565,416281
Change in Other Net Operating Assets
-447-44775-111-687755
Operating Cash Flow
27,90125,38123,54126,40817,8368,835
Operating Cash Flow Growth
15.86%7.82%-10.86%48.06%101.88%-

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-9,443-9,830-9,207-6,801-3,729-2,276
Sale of Property, Plant & Equipment
39338919022250112
Investment in Securities
-2,2041,4512,8483,873-1832,464
Other Investing Activities
60454687381,102193
Investing Cash Flow
-10,650-7,444-6,082-2,668-2,760493

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 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)
-1,490-10,961-5,557-11,459-16,236-6,932
Preferred Dividends Paid
---471-1,969--
Common Dividends Paid
-5,228-4,491-4,056---
Dividends Paid
-5,228-4,491-4,527-1,969--
Financing Cash Flow
-13,705-15,452-19,834-23,178-16,236-6,932

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-761-75-8-7311
Net Cash Flow
3,5392,546-2,450554-1,2332,407

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
18,45815,55114,33419,60714,1076,559
Free Cash Flow Growth
34.86%8.49%-26.89%38.99%115.08%-
Free Cash Flow Margin
14.14%13.32%13.73%20.75%27.64%14.39%
Free Cash Flow Per Share
2.842.311.942.652.191.02
Levered Free Cash Flow
15,46215,60612,55319,63518,8726,093
Unlevered Free Cash Flow
17,27017,58714,98922,11120,8397,799

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
2,4132,6613,2463,3642,4321,946
Cash Income Tax Paid
1,6991,4492,0103,1131,247991
Change in Working Capital
3,8703,8703,5727,2245,948-159