HKG:1038 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	8,265	8,115	8,027	7,748	7,515
Depreciation & Amortization	394	319	317	332	355
Other Amortization	1	-	8	10	14
Loss (Gain) From Sale of Assets	10	-3	3	-1	-5
Asset Writedown & Restructuring Costs	8	19	-	-	-12
Loss (Gain) From Sale of Investments	319	-	103	-520	329
Loss (Gain) on Equity Investments	-7,397	-6,898	-5,095	-5,308	-5,318
Other Operating Activities	277	405	367	-403	233
Change in Accounts Receivable	130	-19	266	138	-133
Change in Inventory	-5	65	131	-138	-25
Change in Accounts Payable	190	-90	-270	39	87
Change in Other Net Operating Assets	21	55	-12	-180	15
Operating Cash Flow	2,213	1,968	3,845	1,717	3,055
Operating Cash Flow Growth	12.45%	-48.82%	123.94%	-43.80%	8.14%
Capital Expenditures	-302	-367	-320	-473	-363
Sale of Property, Plant & Equipment	2	6	-	7	37
Sale (Purchase) of Intangibles	-34	-12	-22	-6	-4
Investment in Securities	-211	-1,790	-654	4,142	-1,520
Other Investing Activities	4,495	5,343	3,402	11,198	6,161
Investing Cash Flow	3,950	3,180	2,406	14,868	4,311
Long-Term Debt Issued	4,788	6,210	876	10,523	9,687
Long-Term Debt Repaid	-4,732	-9,401	-5,243	-10,374	-10,902
Net Debt Issued (Repaid)	56	-3,191	-4,367	149	-1,215
Issuance of Common Stock	-	-	-	-	4,680
Repurchase of Common Stock	-	-	-	-	-9,360
Common Dividends Paid	-6,964	-6,913	-6,838	-6,762	-6,819
Other Financing Activities	-10	-16	-14	-12	-44
Financing Cash Flow	-6,918	-10,120	-11,219	-6,625	-12,758
Net Cash Flow	-755	-4,972	-4,968	9,960	-5,392
Free Cash Flow	1,911	1,601	3,525	1,244	2,692
Free Cash Flow Growth	19.36%	-54.58%	183.36%	-53.79%	2.67%
Free Cash Flow Margin	40.00%	28.90%	52.04%	16.50%	36.14%
Free Cash Flow Per Share	0.76	0.64	1.40	0.49	1.07
Cash Interest Paid	881	811	738	415	347
Cash Income Tax Paid	147	144	59	114	205
Levered Free Cash Flow	236.63	-119.63	877.88	2,981	1,228
Unlevered Free Cash Flow	766.63	474.13	1,474	3,384	1,512
Change in Working Capital	336	11	115	-141	-56

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