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 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	141.39	205.22	237.65	231.61	263.38
Depreciation & Amortization	411	418.7	413.16	418.42	416.52
Loss (Gain) From Sale of Assets	-	-1.07	-	0.09	-0.02
Asset Writedown & Restructuring Costs	3.38	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	18.61	57.71	59.01	57.91	43.73
Provision & Write-off of Bad Debts	1.07	0.28	-5.97	-8.14	1.03
Other Operating Activities	-133.22	-173.14	-82.58	-71.09	-146.97
Change in Accounts Receivable	-53.76	-20.58	-18.8	46.25	19.91
Change in Accounts Payable	13.96	-15.83	-13.37	-9.85	23.48
Change in Unearned Revenue	-42.76	-4.78	-18.38	-7.59	10.53
Change in Other Net Operating Assets	-17.78	-10.09	-4.19	0.58	-5.85
Operating Cash Flow	341.89	455.91	566.91	661.57	626.94
Operating Cash Flow Growth	-25.01%	-19.58%	-14.31%	5.53%	-10.18%
Capital Expenditures	-47.02	-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	-344.35	-16.08	-696.08	-607.09	-288.62
Other Investing Activities	96.29	91.84	85.14	23.94	-4.8
Investing Cash Flow	-295.08	40.59	-628.12	-585.52	-321.52
Long-Term Debt Repaid	-24.97	-31.93	-25.17	-31.68	-26.67
Net Debt Issued (Repaid)	-24.97	-31.93	-25.17	-31.68	-26.67
Common Dividends Paid	-82.06	-173.86	-201.32	-233.34	-210.47
Other Financing Activities	-4.11	-5.06	-5.77	-7.01	-6.19
Financing Cash Flow	-111.14	-210.85	-232.25	-272.03	-243.32
Foreign Exchange Rate Adjustments	5.15	-3.03	-3.81	-25.34	26.72
Net Cash Flow	-59.18	282.62	-297.26	-221.31	88.81
Free Cash Flow	294.87	416.35	549.73	658.64	598.8
Free Cash Flow Growth	-29.18%	-24.26%	-16.54%	9.99%	-12.10%
Free Cash Flow Margin	39.90%	53.06%	65.92%	69.75%	64.54%
Free Cash Flow Per Share	0.32	0.45	0.59	0.71	0.65
Cash Interest Paid	4.11	5.06	5.77	7.01	6.19
Cash Income Tax Paid	68.51	99.21	42.97	122.12	172.69
Levered Free Cash Flow	370.95	428.02	566.98	652.08	538.28
Unlevered Free Cash Flow	373.51	431.18	570.59	656.46	542.14
Change in Working Capital	-100.35	-51.29	-54.75	29.39	48.07

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