Macau E&M Holding Limited (HKG:1408)

Macau E&M Holding Cash Flow Statement

Financials in millions MOP. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	2.18	-2.49	-3.76	9.31	26.24
Depreciation & Amortization	1.21	1.18	1.44	1.7	1.06
Loss (Gain) From Sale of Assets	-	0	0	-	-
Provision & Write-off of Bad Debts	-0.38	0.55	0.11	-0.13	0.04
Other Operating Activities	-4.18	-4.86	-4.63	-3.56	-3.67
Change in Accounts Receivable	32.3	19.85	23.18	-5.66	9.01
Change in Accounts Payable	-7.73	-16.82	8.95	-3.66	1.03
Change in Unearned Revenue	0.18	-1.32	2.31	-0.4	-10.78
Operating Cash Flow	23.59	-3.91	27.61	-2.4	22.93
Operating Cash Flow Growth	-	-	-	-	-31.39%
Capital Expenditures	-0.02	-	-2.7	-36.33	-0.14
Investment in Securities	-13.14	-14.61	71.43	26.09	-61.88
Other Investing Activities	3.91	4.53	5.11	1.59	-1
Investing Cash Flow	-9.25	-10.08	73.84	-8.66	-63.02
Long-Term Debt Issued	5	-	-	13.55	-
Long-Term Debt Repaid	-0.97	-0.62	-0.86	-1.28	-1.06
Net Debt Issued (Repaid)	4.03	-0.62	-0.86	12.27	-1.06
Common Dividends Paid	-	-	-5.57	-10.47	-
Other Financing Activities	-0.22	-0.19	-0.02	-0.18	-0.05
Financing Cash Flow	3.81	-0.81	-6.44	-18.86	-1.11
Net Cash Flow	18.15	-14.8	95.01	-29.91	-41.2
Free Cash Flow	23.57	-3.91	24.92	-38.73	22.79
Free Cash Flow Growth	-	-	-	-	-31.76%
Free Cash Flow Margin	30.69%	-4.25%	19.42%	-27.07%	12.35%
Free Cash Flow Per Share	0.05	-0.01	0.05	-0.08	0.05
Cash Interest Paid	0.33	0.4	0.4	0.18	0.05
Cash Income Tax Paid	0.03	0.05	0.94	3.39	5.28
Levered Free Cash Flow	23.49	-1.65	15.12	-41.2	12.92
Unlevered Free Cash Flow	23.63	-1.53	15.13	-40.96	12.94
Change in Working Capital	24.75	1.7	34.44	-9.72	-0.74

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