Tai Hing Group Holdings 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	62.75	93.84	-43.15	99.72
Depreciation & Amortization	552.78	533.26	530.92	574.58
Loss (Gain) From Sale of Assets	6.67	11.43	25.08	16.34
Asset Writedown & Restructuring Costs	50.04	29.66	39.89	44.85
Stock-Based Compensation	-	-	0.81	0.86
Other Operating Activities	-6.32	10.34	-25.82	2.4
Change in Accounts Receivable	9.79	-10.75	-0.15	-3.52
Change in Inventory	5.97	1.1	4.18	-16.97
Change in Accounts Payable	2.67	-15.29	-4.32	13.24
Change in Unearned Revenue	-2.39	6.4	-16.08	-3.2
Change in Other Net Operating Assets	1.72	24.96	5.23	-39.39
Operating Cash Flow	683.68	684.94	516.59	688.9
Operating Cash Flow Growth	-0.18%	32.59%	-25.01%	1.58%
Capital Expenditures	-122.48	-135.39	-145.39	-125.09
Sale of Property, Plant & Equipment	0.59	5.6	1	2.52
Divestitures	0.09	-	-	-
Sale (Purchase) of Intangibles	-	-	-0.2	-
Sale (Purchase) of Real Estate	-	-	-	-12.3
Investment in Securities	35	-3	-42	11.88
Other Investing Activities	-7.42	-19.8	-31.48	-10.93
Investing Cash Flow	-94.23	-152.6	-218.07	-133.92
Long-Term Debt Issued	-	-	-	120
Long-Term Debt Repaid	-448.91	-429.96	-431.65	-682.81
Net Debt Issued (Repaid)	-448.91	-429.96	-431.65	-562.81
Issuance of Common Stock	-	-	0.81	0.78
Repurchase of Common Stock	-4.78	-	-	-
Common Dividends Paid	-95.51	-59.32	-74.81	-89.41
Other Financing Activities	-1.11	-	-	-1.6
Financing Cash Flow	-550.32	-489.28	-505.65	-653.05
Foreign Exchange Rate Adjustments	-1.52	-0.51	-4.89	0.46
Net Cash Flow	37.61	42.56	-212.02	-97.6
Free Cash Flow	561.2	549.55	371.2	563.82
Free Cash Flow Growth	2.12%	48.05%	-34.16%	7.31%
Free Cash Flow Margin	17.05%	17.11%	13.88%	17.77%
Free Cash Flow Per Share	0.56	0.55	0.37	0.56
Cash Interest Paid	-	-	-	1.6
Cash Income Tax Paid	35.46	16.2	15.57	5.3
Levered Free Cash Flow	509.26	521.66	283.42	517.07
Unlevered Free Cash Flow	532.65	540.42	301.83	538.85
Change in Working Capital	17.76	6.42	-11.13	-49.84

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