Swire Properties Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-1,533	-766	2,637	7,980	7,112
Depreciation & Amortization	451	413	375	317	360
Other Amortization	136	102	140	111	60
Gain (Loss) on Sale of Assets	54	232	504	-619	-1,236
Gain (Loss) on Sale of Investments	-	-	-323	-	12
Asset Writedown	6,095	5,981	2,829	-801	1,947
Change in Accounts Receivable	175	-797	-902	-89	-96
Change in Accounts Payable	814	-35	281	62	867
Change in Other Net Operating Assets	6	-27	-3	-43	41
Other Operating Activities	939	-374	504	-388	-1,289
Operating Cash Flow	7,471	3,762	5,445	4,756	5,045
Operating Cash Flow Growth	98.59%	-30.91%	14.49%	-5.73%	-7.75%
Acquisition of Real Estate Assets	-2,140	-4,445	-2,988	-7,229	-4,040
Sale of Real Estate Assets	872	454	5,291	609	3,758
Net Sale / Acq. of Real Estate Assets	-1,268	-3,991	2,303	-6,620	-282
Cash Acquisition	-272	-	-3,699	-	-
Investment in Marketable & Equity Securities	-974	-1,761	-11,705	-2,863	-2,894
Other Investing Activities	1,227	-472	-1,152	557	-174
Investing Cash Flow	3,190	-6,277	-13,861	-7,999	-3,196
Short-Term Debt Issued	2,204	2,049	-	-	-
Long-Term Debt Issued	14,815	15,312	18,265	7,237	1,400
Total Debt Issued	17,019	17,361	18,265	7,237	1,400
Long-Term Debt Repaid	-15,100	-7,618	-3,212	-9,075	-4,256
Net Debt Issued (Repaid)	1,919	9,743	15,053	-1,838	-2,856
Repurchase of Common Stock	-738	-723	-	-	-
Common Dividends Paid	-6,401	-6,201	-5,909	-5,616	-5,383
Other Financing Activities	-675	-62	-79	907	-132
Foreign Exchange Rate Adjustments	205	-127	-54	-541	153
Net Cash Flow	4,971	115	595	-10,331	-6,369
Cash Interest Paid	1,726	1,709	1,222	742	768
Cash Income Tax Paid	1,199	1,276	963	1,127	1,635
Levered Free Cash Flow	8,630	-2,659	5,673	3,245	3,046
Unlevered Free Cash Flow	9,334	-2,010	6,048	3,367	3,294
Change in Working Capital	1,329	-1,826	-1,221	-1,844	-1,921

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