Tao Heung Holdings Limited (HKG:0573)

Tao Heung Holdings Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-59.93	-52.8	73.66	-143.14	-21.23
Depreciation & Amortization	291.63	326.85	365.56	380.66	403.21
Loss (Gain) From Sale of Assets	-	-	-	-	-0
Asset Writedown & Restructuring Costs	14.19	15.44	30.2	26.49	13.89
Loss (Gain) on Equity Investments	-1.52	0.62	-2.15	-2.53	-8.39
Provision & Write-off of Bad Debts	-0.22	-0.32	-0.59	-1.36	0.13
Other Operating Activities	19.54	-6.65	35.3	-46.92	-5.34
Change in Accounts Receivable	-6.01	9.43	-8.88	8.33	-30.39
Change in Inventory	29.27	13.32	-6.86	16.43	15.22
Change in Accounts Payable	17.82	-41.47	5.98	11.75	29.9
Change in Other Net Operating Assets	-24.34	-30.63	31.04	4.86	44.55
Operating Cash Flow	280.43	233.79	523.26	254.56	441.54
Operating Cash Flow Growth	19.95%	-55.32%	105.56%	-42.35%	74.05%
Capital Expenditures	-77.52	-74.51	-98.91	-99.08	-125.74
Sale of Property, Plant & Equipment	-	-	-	-	0.74
Investment in Securities	-	0.55	58	-	-
Other Investing Activities	6.16	6.89	7.8	12.01	15.9
Investing Cash Flow	-71.36	-67.07	-33.12	-87.07	-109.1
Long-Term Debt Issued	49.5	11	243	331	229
Long-Term Debt Repaid	-260.5	-248.77	-488.39	-584.24	-584.54
Net Debt Issued (Repaid)	-211	-237.77	-245.39	-253.24	-355.54
Repurchase of Common Stock	-	-	-	-	-1.78
Common Dividends Paid	-	-30.43	-60.86	-60.86	-60.98
Other Financing Activities	-16.45	-26.63	-30.87	-20.94	-37.08
Financing Cash Flow	-227.45	-294.82	-337.12	-335.05	-455.38
Foreign Exchange Rate Adjustments	7.03	-3.17	-1.73	-32.28	15.65
Net Cash Flow	-11.36	-131.28	151.29	-199.84	-107.29
Free Cash Flow	202.91	159.27	424.35	155.48	315.8
Free Cash Flow Growth	27.39%	-62.47%	172.93%	-50.77%	453.93%
Free Cash Flow Margin	8.75%	6.57%	14.39%	6.47%	11.13%
Free Cash Flow Per Share	0.20	0.16	0.42	0.15	0.31
Cash Interest Paid	16.86	18.52	24.8	27.02	30.7
Cash Income Tax Paid	3.78	13.56	8.89	0.18	0.84
Levered Free Cash Flow	232.2	125.68	333.66	136.64	128.77
Unlevered Free Cash Flow	242.74	137.25	349.16	153.53	147.96
Change in Working Capital	16.74	-49.34	21.28	41.36	59.28

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