COFCO Joycome Foods Cash Flow Statement

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

Millions CNY. 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	538.22	-9.6	356.67	-459.7
Depreciation & Amortization	764.4	694.25	584.68	473.32
Other Amortization	7.52	5.67	1.83	1.72
Loss (Gain) From Sale of Assets	-24.83	-117.52	8.39	5.92
Asset Writedown & Restructuring Costs	-224.7	54.31	-132.5	544.68
Loss (Gain) on Equity Investments	3.74	-0.82	-	-
Provision & Write-off of Bad Debts	1.2	-2.11	0.29	-0.16
Other Operating Activities	16.49	-338	-191.02	364.15
Change in Accounts Receivable	-9.52	239.26	-92.94	433.31
Change in Inventory	-1,027	1,380	-1,243	2,765
Change in Accounts Payable	72.28	-353.13	162.1	65.51
Change in Unearned Revenue	42.36	-116.07	-80.02	16.19
Change in Other Net Operating Assets	491.65	435.8	619.72	-1,128
Operating Cash Flow	651.92	1,872	-6.13	3,082
Operating Cash Flow Growth	-65.18%	-	-	4.04%
Capital Expenditures	-2,472	-1,042	-979.15	-1,498
Sale of Property, Plant & Equipment	0.33	109.56	11.2	14.48
Sale (Purchase) of Intangibles	-6.85	-3.52	-3.55	-0.08
Investment in Securities	498.3	-	-	-
Other Investing Activities	82.91	137.86	47.58	12.77
Investing Cash Flow	-1,897	-797.7	-923.92	-1,471
Long-Term Debt Issued	6,933	5,124	10,939	7,279
Total Debt Issued	6,933	5,124	10,939	7,279
Long-Term Debt Repaid	-6,028	-7,774	-9,269	-7,483
Total Debt Repaid	-6,028	-7,774	-9,269	-7,483
Net Debt Issued (Repaid)	905.39	-2,649	1,669	-203.98
Issuance of Common Stock	-	1,382	-	-
Common Dividends Paid	-69.02	-	-573.59	-668.84
Other Financing Activities	-92.78	686.77	-151.43	-110.74
Financing Cash Flow	743.6	-580.2	944.43	-983.56
Foreign Exchange Rate Adjustments	0.3	21.99	-15.33	-3.08
Net Cash Flow	-501.63	516.15	-0.95	624.33
Free Cash Flow	-1,820	830.46	-985.28	1,584
Free Cash Flow Growth	-	-	-	29.52%
Free Cash Flow Margin	-11.15%	4.82%	-7.64%	11.97%
Free Cash Flow Per Share	-0.40	0.19	-0.25	0.41
Cash Interest Paid	103.96	130.7	151.43	110.74
Cash Income Tax Paid	59.65	162.83	323.28	6.34
Levered Free Cash Flow	-110.88	514.62	557.22	4,478
Unlevered Free Cash Flow	-33.55	603.95	667.76	4,555
Change in Working Capital	-430.1	1,586	-634.47	2,152

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