Scholar Education Group 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	145.65	85.99	54.41	-26.61
Depreciation & Amortization	96.86	55.8	56.49	154.65
Other Amortization	0.81	0.39	0.35	0.43
Loss (Gain) From Sale of Assets	-2.11	-1.04	-4.45	22.08
Asset Writedown & Restructuring Costs	1.04	1.04	1.38	25.58
Loss (Gain) From Sale of Investments	-13.98	-19.75	1.61	24.19
Stock-Based Compensation	35.99	10.2	-	35.64
Other Operating Activities	32.88	29.43	-5.73	47.1
Change in Accounts Payable	-26.33	-4.01	21.34	-60.35
Change in Unearned Revenue	-35.22	94.79	5.27	-180.79
Change in Other Net Operating Assets	-19.31	-47.61	-4.92	50.86
Operating Cash Flow	216.28	205.22	125.75	92.79
Operating Cash Flow Growth	5.39%	63.20%	35.53%	-65.82%
Capital Expenditures	-101.36	-36.09	-7.94	-52.35
Sale of Property, Plant & Equipment	-	0.11	0.5	4.56
Investment in Securities	83.64	-150.17	26.14	94.9
Investing Cash Flow	-17.73	-186.15	18.69	47.11
Short-Term Debt Issued	40	-	-	60
Total Debt Issued	40	-	-	60
Short-Term Debt Repaid	-	-	-30	-84.4
Long-Term Debt Repaid	-73.2	-49.33	-40.56	-102.25
Total Debt Repaid	-73.2	-49.33	-70.56	-186.65
Net Debt Issued (Repaid)	-33.2	-49.33	-70.56	-126.65
Issuance of Common Stock	-	-	1.15	5.58
Repurchase of Common Stock	-29.75	-12.76	-	-52.94
Common Dividends Paid	-	-	-	-84.28
Other Financing Activities	-0.92	-	-12.66	-2.99
Financing Cash Flow	-63.87	-62.09	-82.07	-344.63
Foreign Exchange Rate Adjustments	-0.48	0.76	0.32	-1.81
Net Cash Flow	134.2	-42.26	62.7	-206.55
Free Cash Flow	114.92	169.14	117.81	40.44
Free Cash Flow Growth	-32.05%	43.57%	191.34%	-78.60%
Free Cash Flow Margin	13.48%	29.64%	29.30%	4.86%
Free Cash Flow Per Share	0.21	0.30	0.21	0.07
Cash Interest Paid	0.92	-	0.45	1.88
Cash Income Tax Paid	16.71	3.29	0.19	16.29
Levered Free Cash Flow	59.17	214.67	73.18	-22.73
Unlevered Free Cash Flow	65.62	218.35	77.37	-4.62
Change in Working Capital	-80.86	43.17	21.7	-190.28

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