HKG:0778 Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-1,157	-518.98	-154.92	502.64	1,318
Other Amortization	19.8	19.77	19.5	18.28	19.15
Asset Writedown	1,602	1,011	629.45	696.07	-357.97
Stock-Based Compensation	89.47	92.95	118.18	118.42	117.19
Change in Accounts Receivable	-0.6	-5.09	24.98	-18.99	6.68
Change in Accounts Payable	6.36	-46.91	-9.37	31.38	-33.24
Other Operating Activities	492.15	478.65	536.31	-176.35	20.85
Operating Cash Flow	1,052	1,032	1,163	1,172	1,091
Operating Cash Flow Growth	1.97%	-11.30%	-0.72%	7.42%	11.31%
Acquisition of Real Estate Assets	-38.08	-85.04	-113.45	-672.96	-67.03
Net Sale / Acq. of Real Estate Assets	-38.08	-85.04	-113.45	-672.96	-67.03
Other Investing Activities	0.2	0.36	0.36	0.03	0.06
Investing Cash Flow	-37.88	-84.68	-113.09	-672.93	-66.97
Long-Term Debt Issued	3,100	669.14	2,359	2,585	4,450
Long-Term Debt Repaid	-3,080	-520	-2,290	-1,875	-4,350
Net Debt Issued (Repaid)	20	149.14	69.4	710.42	100
Common Dividends Paid	-730.97	-732.48	-868.01	-849.1	-971.99
Other Financing Activities	-334.18	-373.83	-351.73	-271.25	-211.05
Net Cash Flow	-30.91	-10.07	-100.15	88.9	-59.21
Cash Interest Paid	311.18	373.83	333.73	253.76	173.05
Cash Income Tax Paid	112.99	139.59	142.67	125.25	209.34
Levered Free Cash Flow	608.21	524.19	611.95	753.43	620.94
Unlevered Free Cash Flow	799.81	751.36	811.19	885.63	721.39
Change in Working Capital	5.76	-52	15.61	12.39	-26.56