Graphex Group 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	-111.44	-113.17	-69.66	-53.55
Depreciation & Amortization	49.08	52.05	58.73	65.36
Other Amortization	0.35	0.71	1.23	1.59
Loss (Gain) From Sale of Assets	-0.18	7.28	-	0.2
Asset Writedown & Restructuring Costs	1.85	-	-	1.73
Loss (Gain) From Sale of Investments	-	0.01	-	-
Loss (Gain) on Equity Investments	0.8	-0.58	0.25	0.36
Stock-Based Compensation	14.01	16.43	-	14.07
Provision & Write-off of Bad Debts	23.44	22.6	15.8	9.52
Other Operating Activities	11.29	20.93	22.64	3.97
Change in Accounts Receivable	-48.33	-69.56	5.06	-55.59
Change in Inventory	8.03	2.97	18.4	-8.52
Change in Accounts Payable	29.22	10.55	5.47	-7.56
Change in Unearned Revenue	6.01	1.68	-4.69	-2.13
Change in Other Net Operating Assets	10.56	36.95	11.73	17.72
Operating Cash Flow	-5.31	-11.16	64.94	-12.85
Capital Expenditures	-0.15	-0.74	-0.43	-0.81
Sale of Property, Plant & Equipment	0.18	0.31	0.27	0.04
Divestitures	-	-0.22	-	-
Sale (Purchase) of Intangibles	-0.32	-0.42	-0.39	-0.94
Other Investing Activities	0.74	13.19	-87.55	4.5
Investing Cash Flow	-6.62	12.12	-88.1	2.18
Short-Term Debt Issued	-	-	4.59	0.68
Long-Term Debt Issued	23.45	20.4	38.14	131.14
Total Debt Issued	23.45	20.4	42.73	131.82
Short-Term Debt Repaid	-	-	-8.47	-7.79
Long-Term Debt Repaid	-29.79	-19.03	-71.1	-98.14
Total Debt Repaid	-29.79	-19.03	-79.57	-105.93
Net Debt Issued (Repaid)	-6.34	1.37	-36.84	25.89
Issuance of Common Stock	12.24	-	85.91	-
Other Financing Activities	-5.5	-5.62	-19.98	-24.7
Financing Cash Flow	0.4	-4.26	29.1	1.19
Foreign Exchange Rate Adjustments	-0.21	-0.98	-4.71	2.01
Net Cash Flow	-11.74	-4.28	1.23	-7.47
Free Cash Flow	-5.46	-11.89	64.51	-13.66
Free Cash Flow Margin	-2.91%	-4.07%	18.91%	-3.49%
Free Cash Flow Per Share	-0.02	-0.08	0.56	-0.14
Cash Interest Paid	5.23	3.62	23.28	17.4
Cash Income Tax Paid	0.24	4.39	9.36	3.26
Levered Free Cash Flow	6.36	18.65	8.99	12.46
Unlevered Free Cash Flow	16.99	33.49	37.37	49.78
Change in Working Capital	5.49	-17.42	35.96	-56.08

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