Kerry Properties 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	808	3,243	2,755	10,358
Depreciation & Amortization	437	444	482.91	520.34
Loss (Gain) From Sale of Assets	575	1	-969.93	-119.2
Asset Writedown & Restructuring Costs	3,161	-289	2,562	-1,666
Loss (Gain) From Sale of Investments	24	23	4.41	-2,086
Loss (Gain) on Equity Investments	-916	-1,358	-1,346	-3,402
Other Operating Activities	-2,829	-529	-708.63	381.32
Change in Accounts Receivable	-83	-85	300.33	-628.35
Change in Inventory	4,678	-1,970	567.75	-1,190
Change in Accounts Payable	486	801	-1,043	355.35
Change in Unearned Revenue	-5,176	4,696	-2,964	2,956
Operating Cash Flow	1,165	4,977	-359.96	5,479
Operating Cash Flow Growth	-76.59%	-	-	-7.99%
Capital Expenditures	-109	-65	-43.62	-86.84
Sale of Property, Plant & Equipment	1	1	6.21	13.52
Cash Acquisitions	-	-	-480.24	-
Divestitures	36	-	4,624	149.44
Sale (Purchase) of Real Estate	-5,595	-5,225	-24,674	-804.54
Investment in Securities	-39	73	-11.5	3,693
Other Investing Activities	276	2,519	3,174	4,918
Investing Cash Flow	-5,398	-2,454	-17,138	8,297
Long-Term Debt Issued	52,790	45,399	56,761	36,876
Short-Term Debt Repaid	-	-	-	-2,330
Long-Term Debt Repaid	-47,789	-43,161	-40,561	-42,125
Total Debt Repaid	-47,789	-43,161	-40,561	-44,455
Net Debt Issued (Repaid)	5,001	2,238	16,201	-7,579
Repurchase of Common Stock	-	-32	-77.67	-40.4
Common Dividends Paid	-1,959	-1,959	-1,962	-1,966
Other Financing Activities	-953	-293	-615.22	-641.1
Financing Cash Flow	2,089	-46	13,545	-13,577
Foreign Exchange Rate Adjustments	-414	-283	-1,199	402.45
Net Cash Flow	-2,558	2,194	-5,151	601.75
Free Cash Flow	1,056	4,912	-403.58	5,392
Free Cash Flow Growth	-78.50%	-	-	-8.55%
Free Cash Flow Margin	5.42%	37.52%	-2.77%	35.18%
Free Cash Flow Per Share	0.73	3.38	-0.28	3.70
Cash Interest Paid	2,717	2,695	1,348	800.6
Cash Income Tax Paid	1,614	1,312	1,445	2,651
Levered Free Cash Flow	-4,766	10,004	-11,179	3,401
Unlevered Free Cash Flow	-4,353	10,519	-10,991	3,753
Change in Working Capital	-95	3,442	-3,139	1,493

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