Autohome Cash Flow Statement

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

Millions CNY. 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	1,385	1,620	1,880	1,807	2,149
Depreciation & Amortization	273.42	304.51	352.57	424.02	431.16
Loss (Gain) From Sale of Assets	-2.9	-1.83	-0.87	-1.11	-1.2
Loss (Gain) From Sale of Investments	14.74	-44.88	-29.7	118.21	107.53
Loss (Gain) on Equity Investments	-102.77	109.09	-29.13	49.77	-0.3
Stock-Based Compensation	218.97	192.02	195.09	168.89	206.06
Provision & Write-off of Bad Debts	32.67	35.29	-24.36	8.83	53.29
Other Operating Activities	40.8	-38.74	-4.64	-130.89	-156.6
Change in Accounts Receivable	-188.64	77.84	479.94	203.58	931.43
Change in Unearned Revenue	-106.06	-524.69	-345.55	-405.88	237.35
Change in Income Taxes	-102.92	-42.76	-23.86	17.78	148.17
Change in Other Net Operating Assets	-572.99	-312.29	1.85	304.71	-581.51
Operating Cash Flow	889.46	1,373	2,451	2,565	3,524
Operating Cash Flow Growth	-35.22%	-43.99%	-4.43%	-27.21%	5.96%
Capital Expenditures	-118.06	-140	-78.57	-116.5	-218.8
Sale of Property, Plant & Equipment	5.81	3.96	0.92	1.72	1.03
Cash Acquisitions	-	-	-	-	-77.44
Sale (Purchase) of Intangibles	-	-	-0.33	-1.04	-0.81
Investment in Securities	2,264	-2,916	1,078	-2,994	-3,517
Investing Cash Flow	2,152	-3,052	1,000	-3,109	-3,813
Issuance of Common Stock	0.02	2.05	0.3	0.75	3,603
Repurchase of Common Stock	-1,052	-223.06	-633.8	-719.13	-31.2
Common Dividends Paid	-1,481	-1,481	-490.99	-421.68	-673.38
Financing Cash Flow	-2,533	-1,702	-1,124	-1,140	2,898
Foreign Exchange Rate Adjustments	-40.3	39.26	-14.61	168.33	-46.81
Net Cash Flow	467.81	-3,341	2,313	-1,516	2,562
Free Cash Flow	771.41	1,233	2,373	2,449	3,305
Free Cash Flow Growth	-37.44%	-48.03%	-3.09%	-25.92%	7.95%
Free Cash Flow Margin	11.96%	17.52%	33.03%	35.28%	45.67%
Free Cash Flow Per Share	6.54	10.14	19.32	19.60	26.42
Cash Income Tax Paid	187.94	153.5	159.09	284.33	340.22
Levered Free Cash Flow	-206.55	599.53	2,517	1,613	2,489
Unlevered Free Cash Flow	-206.55	599.53	2,517	1,613	2,489
Change in Working Capital	-970.6	-801.89	112.38	120.19	735.43

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