Wuling Motors Holdings Limited (HKG:0305)

Wuling Motors Holdings Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	50.62	23.48	22.61	-24.15
Depreciation & Amortization	445.36	410.2	435.87	380.46
Loss (Gain) From Sale of Assets	2.22	0.88	-15.92	1.96
Asset Writedown & Restructuring Costs	47.29	6.14	23.75	12.54
Loss (Gain) From Sale of Investments	-18.24	-2.82	-13.66	14.2
Loss (Gain) on Equity Investments	66.65	85.18	6.33	8.57
Stock-Based Compensation	-9.28	-0.46	9.15	0.58
Provision & Write-off of Bad Debts	22.3	28.88	18.93	-22.36
Other Operating Activities	37.7	61.64	0.75	-4.69
Change in Accounts Receivable	537.78	-476.02	155.85	1,105
Change in Inventory	161.66	438.77	494	-370.52
Change in Accounts Payable	-1,175	-487.1	-689.43	-195.93
Change in Unearned Revenue	-47.58	-5.51	-49.71	-303.65
Change in Other Net Operating Assets	-6,014	-6,066	-9,159	-7,377
Operating Cash Flow	-5,893	-5,983	-8,761	-6,775
Capital Expenditures	-209.66	-263.3	-323.15	-382.75
Sale of Property, Plant & Equipment	42.73	28.63	106.15	100.38
Divestitures	-	-	-	-9.73
Sale (Purchase) of Intangibles	-25.4	-34.61	-60.79	-26.06
Investment in Securities	-10.68	-23.06	-498.21	-
Other Investing Activities	240.01	201.05	219.17	130.67
Investing Cash Flow	37	-91.29	-556.84	-187.5
Long-Term Debt Issued	2,155	1,568	2,006	2,408
Total Debt Issued	2,155	1,568	2,006	2,408
Short-Term Debt Repaid	-	-	-11.4	-8.15
Long-Term Debt Repaid	-1,545	-1,530	-1,364	-2,348
Total Debt Repaid	-1,545	-1,530	-1,376	-2,357
Net Debt Issued (Repaid)	610.49	37.99	630.46	51.95
Issuance of Common Stock	-	-	-	446.03
Common Dividends Paid	-15.05	-9.18	-8.45	-8.1
Other Financing Activities	5,804	6,688	8,834	7,362
Financing Cash Flow	6,400	6,717	9,456	7,852
Foreign Exchange Rate Adjustments	-0.12	-0.03	0.44	-0.29
Net Cash Flow	543.55	642.18	138.88	889.16
Free Cash Flow	-6,103	-6,246	-9,084	-7,158
Free Cash Flow Margin	-76.77%	-59.58%	-72.12%	-49.68%
Free Cash Flow Per Share	-1.85	-1.89	-2.75	-2.18
Cash Interest Paid	66.98	62.39	50.72	30.17
Cash Income Tax Paid	2.79	2.95	5.58	6.76
Levered Free Cash Flow	420.25	532.74	-800.91	451.76
Unlevered Free Cash Flow	492.75	608.06	-727.88	524.05
Change in Working Capital	-6,538	-6,596	-9,248	-7,142

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