APT Satellite Holdings 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	205.22	237.65	231.61	263.38
Depreciation & Amortization	418.7	413.16	418.42	416.52
Loss (Gain) From Sale of Assets	-1.07	-	0.09	-0.02
Asset Writedown & Restructuring Costs	0.63	0.38	1.39	0.77
Loss (Gain) From Sale of Investments	-1.13	-	1.98	0.43
Loss (Gain) on Equity Investments	57.71	59.01	57.91	43.73
Provision & Write-off of Bad Debts	0.28	-5.97	-8.14	1.03
Other Operating Activities	-173.14	-82.58	-71.09	-146.97
Change in Accounts Receivable	-20.58	-18.8	46.25	19.91
Change in Accounts Payable	-15.83	-13.37	-9.85	23.48
Change in Unearned Revenue	-4.78	-18.38	-7.59	10.53
Change in Other Net Operating Assets	-10.09	-4.19	0.58	-5.85
Operating Cash Flow	455.91	566.91	661.57	626.94
Operating Cash Flow Growth	-19.58%	-14.31%	5.53%	-10.18%
Capital Expenditures	-39.56	-17.18	-2.93	-28.13
Sale of Property, Plant & Equipment	0.04	-	0.56	0.02
Cash Acquisitions	4.34	-	-	-
Investment in Securities	-16.08	-696.08	-607.09	-288.62
Other Investing Activities	91.84	85.14	23.94	-4.8
Investing Cash Flow	40.59	-628.12	-585.52	-321.52
Long-Term Debt Repaid	-31.93	-25.17	-31.68	-26.67
Net Debt Issued (Repaid)	-31.93	-25.17	-31.68	-26.67
Common Dividends Paid	-173.86	-201.32	-233.34	-210.47
Other Financing Activities	-5.06	-5.77	-7.01	-6.19
Financing Cash Flow	-210.85	-232.25	-272.03	-243.32
Foreign Exchange Rate Adjustments	-3.03	-3.81	-25.34	26.72
Net Cash Flow	282.62	-297.26	-221.31	88.81
Free Cash Flow	416.35	549.73	658.64	598.8
Free Cash Flow Growth	-24.26%	-16.54%	9.99%	-12.10%
Free Cash Flow Margin	53.06%	65.92%	69.75%	64.54%
Free Cash Flow Per Share	0.45	0.59	0.71	0.65
Cash Interest Paid	5.06	5.77	7.01	6.19
Cash Income Tax Paid	99.21	42.97	122.12	172.69
Levered Free Cash Flow	428.02	566.98	652.08	538.28
Unlevered Free Cash Flow	431.18	570.59	656.46	542.14
Change in Working Capital	-51.29	-54.75	29.39	48.07

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