Midland 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	320.32	-41.92	-533.97	100.21
Depreciation & Amortization	318.94	476.61	651.18	628.62
Loss (Gain) From Sale of Assets	0.2	-27.53	1.55	0.56
Asset Writedown & Restructuring Costs	12.24	15.02	33.37	25.63
Loss (Gain) From Sale of Investments	69.19	9.25	-4.04	79.76
Stock-Based Compensation	-	-	-	0.1
Other Operating Activities	27.27	-14.83	-104.35	12.78
Change in Accounts Receivable	-1,158	6.36	1,245	-722.21
Change in Accounts Payable	1,054	102.14	-1,234	551.9
Change in Other Net Operating Assets	0.39	18.51	4.9	72.56
Operating Cash Flow	644.6	543.6	59.37	749.91
Operating Cash Flow Growth	18.58%	815.63%	-92.08%	12.54%
Capital Expenditures	-8.39	-20.39	-57.35	-65.34
Sale of Property, Plant & Equipment	0.03	36.91	0.14	0.16
Sale (Purchase) of Real Estate	-	17.49	14.03	-
Investment in Securities	0.2	0.31	-10.81	4.84
Other Investing Activities	5.65	20.34	43.95	17.78
Investing Cash Flow	-2.51	54.66	-10.03	-42.56
Long-Term Debt Issued	1,060	610	5,005	9,006
Total Debt Issued	1,060	610	5,005	9,006
Long-Term Debt Repaid	-1,522	-1,122	-6,106	-9,146
Total Debt Repaid	-1,522	-1,122	-6,106	-9,146
Net Debt Issued (Repaid)	-462.3	-512.5	-1,101	-140.88
Repurchase of Common Stock	-	-	-	-1.37
Financing Cash Flow	-462.3	-512.5	-1,101	-142.25
Foreign Exchange Rate Adjustments	-0.8	-4.29	-3.28	2.28
Net Cash Flow	178.98	81.48	-1,055	567.37
Free Cash Flow	636.2	523.21	2.02	684.57
Free Cash Flow Growth	21.59%	25750.49%	-99.70%	12.91%
Free Cash Flow Margin	10.45%	12.79%	0.07%	11.39%
Free Cash Flow Per Share	0.89	0.73	0.00	0.95
Cash Interest Paid	27.57	28.98	33.35	30.07
Cash Income Tax Paid	9.46	9.38	32.26	6.8
Levered Free Cash Flow	500.36	548.11	187.32	677.92
Unlevered Free Cash Flow	517.59	566.22	208.16	696.72
Change in Working Capital	-103.56	127	15.63	-97.75

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