Beijing Digital Telecom Cash Flow Statement

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

Millions CNY. 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	-1,374	-630.05	-275.58	-3,567
Depreciation & Amortization	143.2	143.35	138.82	184.75
Other Amortization	0.28	0.62	0.77	0.25
Loss (Gain) From Sale of Assets	-11.98	-	4.51	7.95
Asset Writedown & Restructuring Costs	-	-	1.35	51.04
Loss (Gain) From Sale of Investments	-1.92	-0.8	1.72	-3.22
Loss (Gain) on Equity Investments	-3.02	8.31	4.28	-1.77
Provision & Write-off of Bad Debts	734.32	420.05	156.82	627.76
Other Operating Activities	818.5	412.19	164.21	2,146
Change in Accounts Receivable	-201.93	-142.34	414.67	-304.36
Change in Inventory	-56.72	-29.41	-2.15	337.66
Change in Accounts Payable	513.93	100.02	-406.14	-264.59
Change in Unearned Revenue	-108.16	263.71	-38.42	66.27
Change in Other Net Operating Assets	-584.73	-488.13	-764.34	-272.73
Operating Cash Flow	-132.37	57.52	-599.49	-992.62
Capital Expenditures	-21.23	-18.22	-12.69	-18.84
Cash Acquisitions	-	-	-	39.79
Sale (Purchase) of Intangibles	-0.98	-0.09	-	-
Investment in Securities	243.97	-160.6	22.44	0.99
Other Investing Activities	1.81	0.59	0.58	0
Investing Cash Flow	223.57	-178.32	10.33	-30.48
Short-Term Debt Issued	5,993	3,314	4,442	1,723
Long-Term Debt Issued	7,550	7,091	5,358	5,283
Total Debt Issued	13,542	10,405	9,800	7,007
Short-Term Debt Repaid	-4,057	-3,106	-3,662	-
Long-Term Debt Repaid	-7,906	-5,972	-4,938	-6,111
Total Debt Repaid	-11,963	-9,079	-8,600	-6,111
Net Debt Issued (Repaid)	1,579	1,326	1,200	895.5
Issuance of Common Stock	-	238.66	-	-
Other Financing Activities	921.8	-950.71	-478.47	150.29
Financing Cash Flow	2,501	613.93	721.44	1,046
Foreign Exchange Rate Adjustments	-	-	0.63	-2.88
Net Cash Flow	2,592	493.13	132.91	19.81
Free Cash Flow	-153.6	39.31	-612.18	-1,011
Free Cash Flow Margin	-0.85%	0.23%	-4.53%	-9.87%
Free Cash Flow Per Share	-0.17	0.05	-0.84	-1.38
Cash Interest Paid	191.04	168.42	165.09	209.69
Cash Income Tax Paid	3.54	4.76	0.85	21.38
Levered Free Cash Flow	-2,325	1,980	-1,192	-104.16
Unlevered Free Cash Flow	-2,216	2,092	-1,081	42.19
Change in Working Capital	-437.61	-296.16	-796.38	-437.75

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