HKG:2638 Cash Flow Statement

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

Millions HKD. 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	3,111	3,156	2,954	2,933
Depreciation & Amortization	3,356	3,177	3,240	3,316
Loss (Gain) on Sale of Assets	125	256	88	120
Change in Accounts Receivable	80	158	-372	-257
Change in Inventory	38	444	-549	-192
Change in Accounts Payable	-92	-1,280	985	560
Change in Other Net Operating Assets	65	1,740	-1,752	-1,047
Other Operating Activities	-308	420	174	756
Operating Cash Flow	6,375	8,071	4,768	6,189
Operating Cash Flow Growth	-21.01%	69.27%	-22.96%	4.14%
Capital Expenditures	-4,000	-4,279	-5,761	-4,826
Sale of Property, Plant & Equipment	1	-	-	-
Other Investing Activities	8	-102	-316	-199
Investing Cash Flow	-3,991	-4,381	-6,077	-5,025
Long-Term Debt Issued	697	2,500	4,873	16,048
Long-Term Debt Repaid	-302	-3,778	-501	-14,452
Net Debt Issued (Repaid)	395	-1,278	4,372	1,596
Common Dividends Paid	-2,830	-2,830	-2,830	-2,830
Other Financing Activities	58	68	64	49
Financing Cash Flow	-2,377	-4,040	1,606	-1,185
Foreign Exchange Rate Adjustments	1	2	-6	3
Net Cash Flow	8	-348	291	-18
Free Cash Flow	2,375	3,792	-993	1,363
Free Cash Flow Growth	-37.37%	-	-	20.83%
Free Cash Flow Margin	19.70%	33.25%	-9.20%	12.02%
Free Cash Flow Per Share	0.27	0.43	-0.11	0.15
Cash Interest Paid	1,307	1,264	875	720
Cash Income Tax Paid	1,406	169	544	448
Levered Free Cash Flow	957.75	3,178	-2,531	841
Unlevered Free Cash Flow	1,838	4,028	-1,931	1,341
Change in Working Capital	91	1,062	-1,688	-936

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