HKG:0808 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	-251.57	-74.64	-5.67	74.89	57.02
Asset Writedown	348.52	177.86	120.95	186.5	186.52
Stock-Based Compensation	41.96	47.15	47.98	48.63	49.5
Change in Accounts Receivable	-1.29	0.14	-1.12	-0.26	0.38
Change in Accounts Payable	-12.83	-4.01	-2.01	-9.63	3.25
Change in Other Net Operating Assets	2.28	-7.46	5.06	-0.36	1.24
Other Operating Activities	142.28	130.54	141.31	-0.91	14.5
Operating Cash Flow	269.96	269.51	306.86	300.96	312.38
Operating Cash Flow Growth	0.17%	-12.17%	1.96%	-3.65%	9.30%
Acquisition of Real Estate Assets	-14.52	-21.86	-22.95	-20.5	-6.52
Net Sale / Acq. of Real Estate Assets	-14.52	-21.86	-22.95	-20.5	-6.52
Other Investing Activities	0.03	0.29	1.21	0.3	0.6
Investing Cash Flow	-14.49	-21.57	-21.75	-20.2	-5.92
Long-Term Debt Issued	120	219.1	55	-	-
Total Debt Issued	120	219.1	55	-	-
Long-Term Debt Repaid	-85	-170	-25	-	-
Total Debt Repaid	-85	-170	-25	-	-
Net Debt Issued (Repaid)	35	49.1	30	-	-
Repurchase of Common Stock	-	-	-37.43	-42.86	-119.12
Common Dividends Paid	-179.31	-199.07	-227.36	-260.9	-274.52
Other Financing Activities	-104.21	-111.66	-89.68	-82.59	-58.65
Net Cash Flow	6.95	-13.69	-39.35	-105.59	-145.83
Cash Interest Paid	92.81	110.96	89.68	58.12	45.95
Cash Income Tax Paid	13.94	34.27	23.52	20.15	35.65
Levered Free Cash Flow	114.53	91.23	127.37	222.43	219.34
Unlevered Free Cash Flow	195.47	174.09	214.08	205.82	225.26
Change in Working Capital	-11.83	-11.34	1.93	-10.24	4.86

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