Emperor Watch & Jewellery 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	256.74	299.22	222.13	204.7
Depreciation & Amortization	428.22	396.02	353.84	394.95
Loss (Gain) From Sale of Assets	2.92	2.59	2.07	1.37
Asset Writedown & Restructuring Costs	5.13	-	0.63	14.67
Provision & Write-off of Bad Debts	-	-	-	-0.67
Other Operating Activities	114.03	7.23	18.12	44.4
Change in Accounts Receivable	59.63	-41.32	24.57	-14.63
Change in Inventory	-71.01	-361.67	-27.67	311.18
Change in Accounts Payable	-51.79	104.5	12.25	11.09
Change in Unearned Revenue	17.35	-0.38	-5.27	8.78
Change in Other Net Operating Assets	11.23	-2.6	4.92	-2.28
Operating Cash Flow	772.44	403.59	605.58	973.56
Operating Cash Flow Growth	91.39%	-33.35%	-37.80%	68.78%
Capital Expenditures	-79.57	-101.9	-37.23	-34.29
Sale of Property, Plant & Equipment	0.29	-	0	-
Investment in Securities	127.44	39.11	-198.2	-
Other Investing Activities	13.85	-3.69	14.99	16.85
Investing Cash Flow	62.01	-66.48	-220.44	-17.44
Long-Term Debt Issued	80	-	300	400
Long-Term Debt Repaid	-348.91	-240.6	-709.88	-1,145
Net Debt Issued (Repaid)	-268.91	-240.6	-409.88	-744.77
Common Dividends Paid	-82.03	-93.56	-49.49	-47.46
Other Financing Activities	-24.12	-10.23	-6.9	-16.38
Financing Cash Flow	-375.06	-344.38	-466.27	-808.6
Foreign Exchange Rate Adjustments	-1.78	-0.17	-9.02	3.71
Net Cash Flow	457.61	-7.44	-90.15	151.23
Free Cash Flow	692.87	301.69	568.34	939.27
Free Cash Flow Growth	129.66%	-46.92%	-39.49%	67.45%
Free Cash Flow Margin	13.25%	6.25%	15.43%	23.92%
Free Cash Flow Per Share	0.10	0.04	0.08	0.14
Cash Interest Paid	24.12	10.23	6.9	16.38
Cash Income Tax Paid	67.94	54.89	33.91	31.45
Levered Free Cash Flow	625.11	247.9	557.87	871.64
Unlevered Free Cash Flow	640.18	254.29	562.18	881.88
Change in Working Capital	-34.6	-301.47	8.79	314.14

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