HKG:0512 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	2,468	1,880	2,079	2,403
Depreciation & Amortization	503.75	392.21	394.91	339.52
Loss (Gain) From Sale of Assets	1	13.06	0.18	1.55
Asset Writedown & Restructuring Costs	44.7	50.14	26.36	1.51
Loss (Gain) From Sale of Investments	-675.93	-89.27	94.62	-483.68
Loss (Gain) on Equity Investments	-148.72	25.01	43.79	-113.86
Provision & Write-off of Bad Debts	72.98	57.7	-22.64	11.77
Other Operating Activities	52.42	219.23	119.75	144.97
Change in Accounts Receivable	-444.4	-177.52	-514.24	-701.65
Change in Inventory	74.54	-99.41	-295.28	-118.74
Change in Accounts Payable	-174.31	290.65	-234.58	605.5
Change in Unearned Revenue	135.85	-110.66	154.96	-64.09
Change in Other Net Operating Assets	-12.17	-26.24	-3.78	-19.67
Operating Cash Flow	1,898	2,425	1,843	2,006
Operating Cash Flow Growth	-21.73%	31.60%	-8.13%	37.76%
Capital Expenditures	-555.78	-487.73	-626.22	-471.57
Sale of Property, Plant & Equipment	0.97	6.61	1.99	23.79
Cash Acquisitions	-1,179	-176.42	-269.22	-245.41
Sale (Purchase) of Intangibles	-41.25	-0.31	-431.37	-64.8
Investment in Securities	-180.89	-5.17	-639.34	-1,200
Other Investing Activities	-41.78	147.27	-395.95	142.42
Investing Cash Flow	-1,997	-515.75	-2,360	-1,769
Long-Term Debt Issued	4,481	2,370	3,117	1,981
Long-Term Debt Repaid	-3,342	-3,451	-2,210	-1,621
Net Debt Issued (Repaid)	1,139	-1,081	906.49	359.6
Repurchase of Common Stock	-	-81.01	-43.99	-143.5
Common Dividends Paid	-910.47	-496.94	-390.45	-390.45
Other Financing Activities	-198.26	-230.08	-145.05	-158.82
Financing Cash Flow	29.96	-1,889	327	-333.17
Foreign Exchange Rate Adjustments	70.56	-124.06	-118.42	12.64
Net Cash Flow	1.27	-104.31	-308.85	-83.84
Free Cash Flow	1,342	1,937	1,216	1,534
Free Cash Flow Growth	-30.71%	59.25%	-20.71%	23.03%
Free Cash Flow Margin	11.53%	18.40%	12.72%	17.84%
Free Cash Flow Per Share	0.38	0.55	0.34	0.43
Cash Interest Paid	180.24	204.36	137.49	92.96
Cash Income Tax Paid	480.24	471.08	349.26	277.32
Levered Free Cash Flow	683.25	1,544	460.64	1,294
Unlevered Free Cash Flow	795.9	1,672	546.57	1,352
Change in Working Capital	-420.48	-123.18	-892.92	-298.63

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.