Television Broadcasts Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-491.05	-762.8	-807.13	-646.74
Depreciation & Amortization	224.42	302.33	345.89	350.05
Other Amortization	64.94	71.04	83.35	68.96
Loss (Gain) From Sale of Assets	0.68	-1.33	0.34	0.82
Asset Writedown & Restructuring Costs	93.86	16.45	-	-
Loss (Gain) From Sale of Investments	62.57	149.45	28.6	80.45
Loss (Gain) on Equity Investments	0.25	0.07	-0.22	-1.91
Stock-Based Compensation	4.68	4.84	5.23	-2.51
Provision & Write-off of Bad Debts	-5.31	-1.71	-3.25	6.08
Other Operating Activities	-34.13	1.47	-234.78	-224.2
Change in Accounts Receivable	118.33	-25.57	165.72	91.39
Change in Accounts Payable	-76.6	-10.73	122.99	-25.63
Change in Other Net Operating Assets	-55.67	15.68	-221.08	0.95
Operating Cash Flow	251.78	-154.5	-302.57	-302.29
Capital Expenditures	-41.96	-86.47	-114.92	-93.55
Sale of Property, Plant & Equipment	0.72	1.66	0.89	0.55
Cash Acquisitions	-	0.32	-	-10.81
Sale (Purchase) of Intangibles	-22.97	-52.6	-60.41	-87.83
Investment in Securities	1.81	1.53	205.98	2,192
Other Investing Activities	44.87	8.81	131.43	72.85
Investing Cash Flow	-17.54	-126.74	162.98	2,074
Long-Term Debt Issued	154.67	916.56	-	-
Long-Term Debt Repaid	-348.3	-607.99	-88.11	-1,870
Total Debt Repaid	-348.3	-607.99	-88.11	-1,870
Net Debt Issued (Repaid)	-193.62	308.56	-88.11	-1,870
Issuance of Common Stock	106.6	1.01	-	-
Other Financing Activities	-146.24	-128.06	-118.95	-80.06
Financing Cash Flow	-233.26	181.52	-207.06	-1,950
Foreign Exchange Rate Adjustments	-12.49	-6.67	-62.85	15.72
Net Cash Flow	-11.51	-106.39	-409.5	-162.92
Free Cash Flow	209.82	-240.97	-417.48	-395.84
Free Cash Flow Margin	6.44%	-7.25%	-11.64%	-13.66%
Free Cash Flow Per Share	0.47	-0.55	-0.95	-0.90
Cash Interest Paid	146.24	128.06	81.99	115.06
Cash Income Tax Paid	13.62	1.12	59.59	79.59
Levered Free Cash Flow	120.11	-208.71	-67.61	-114.86
Unlevered Free Cash Flow	212.23	-117.03	-16.93	-53.98
Change in Working Capital	-13.94	-20.61	67.62	66.71

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