CGN New Energy Holdings Cash Flow Statement

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

Millions USD. 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	248.02	267.69	195.15	244.27
Depreciation & Amortization	367.9	352.05	340.98	273.51
Loss (Gain) on Sale of Assets	9.46	-2.45	0.54	-3.98
Loss (Gain) on Equity Investments	-4.25	-3.02	63.25	37.55
Asset Writedown	39.48	16.34	66.81	4.34
Change in Accounts Receivable	-190.57	-70.51	-240.55	-366.7
Change in Inventory	-15.14	20.21	-15.03	-32.21
Change in Accounts Payable	-57.3	-108.09	100.04	65.2
Change in Unearned Revenue	-0.67	0.54	-0.26	2.49
Change in Other Net Operating Assets	-99.82	-16.88	-130.27	-96.02
Other Operating Activities	186.25	217.07	258.92	197.91
Operating Cash Flow	502.63	681.55	642.38	346.64
Operating Cash Flow Growth	-26.25%	6.10%	85.32%	34.94%
Capital Expenditures	-887.96	-641.37	-362.78	-1,260
Sale of Property, Plant & Equipment	39.91	7.18	0.94	7.12
Divestitures	-	-16.87	14.34	-
Investment in Securities	14.15	0.15	-11.49	-11.94
Other Investing Activities	-100.84	39.74	-14.19	-18.05
Investing Cash Flow	-934.73	-611.18	-373.16	-1,283
Long-Term Debt Issued	2,145	2,599	2,624	3,134
Long-Term Debt Repaid	-1,590	-2,562	-2,553	-1,990
Net Debt Issued (Repaid)	555.02	36.79	71.11	1,144
Repurchase of Common Stock	-0.24	-	-	-
Common Dividends Paid	-66.92	-39.03	-36.95	-68.3
Other Financing Activities	-190.85	-210.31	-207.54	-169.31
Financing Cash Flow	297.02	-212.55	-173.38	906.39
Foreign Exchange Rate Adjustments	5.97	-10.97	-30.19	5.76
Net Cash Flow	-129.12	-153.15	65.65	-23.85
Free Cash Flow	-385.34	40.18	279.61	-913.12
Free Cash Flow Growth	-	-85.63%	-	-
Free Cash Flow Margin	-19.75%	1.83%	11.51%	-51.43%
Free Cash Flow Per Share	-0.09	0.01	0.07	-0.21
Cash Interest Paid	184.09	211.89	222.48	188.22
Cash Income Tax Paid	82.78	74.71	41.69	37.64
Levered Free Cash Flow	-627.46	-274.18	29.13	-873.94
Unlevered Free Cash Flow	-514.19	-141.2	171.07	-756.3
Change in Working Capital	-363.49	-174.72	-286.06	-427.25

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.