HKG:1997 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	-4,257	891	4,766	-8,856	4,391
Depreciation & Amortization	235	237	246	280	330
Stock-Based Compensation	7	11	5	-	-
Change in Accounts Receivable	117	133	64	-301	664
Change in Accounts Payable	-296	-519	-540	-761	-805
Change in Other Net Operating Assets	-74	-16	-324	683	-193
Other Operating Activities	10,981	5,628	1,630	15,385	2,435
Operating Cash Flow	6,768	6,338	5,865	6,688	7,968
Operating Cash Flow Growth	6.78%	8.06%	-12.31%	-16.06%	65.17%
Acquisition of Real Estate Assets	-111	-177	-125	-204	-393
Sale of Real Estate Assets	-	-	-	-	1
Net Sale / Acq. of Real Estate Assets	-111	-177	-125	-204	-392
Investment in Marketable & Equity Securities	50	3	7,293	-1,954	591
Investing Cash Flow	-61	-174	7,168	-2,158	199
Long-Term Debt Issued	18,858	13,329	10,637	19,586	25,967
Long-Term Debt Repaid	-21,032	-15,499	-20,002	-20,361	-30,285
Net Debt Issued (Repaid)	-2,174	-2,170	-9,365	-775	-4,318
Common Dividends Paid	-3,826	-3,795	-3,886	-4,068	-4,129
Other Financing Activities	-10	-	-	-59	-210
Foreign Exchange Rate Adjustments	26	-15	2	-88	30
Net Cash Flow	723	184	-216	-460	-460
Cash Interest Paid	1,445	2,116	2,280	1,097	784
Cash Income Tax Paid	1,163	1,068	1,346	1,197	1,380
Levered Free Cash Flow	5,311	4,668	5,306	4,039	6,690
Unlevered Free Cash Flow	6,115	5,748	6,618	5,149	7,104
Change in Working Capital	-198	-429	-782	-121	812