Horizon Robotics Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-9,949	-6,739	-8,719	-2,061
Depreciation & Amortization	308.89	288.87	236.68	134.1
Other Amortization	100.1	67.86	56.28	19.6
Loss (Gain) From Sale of Assets	1.19	1.29	0.24	3.49
Loss (Gain) From Sale of Investments	36.35	11.94	-16.68	10.38
Loss (Gain) on Equity Investments	686.71	409.38	34.3	2.53
Stock-Based Compensation	399.46	341.75	173.7	196.37
Other Operating Activities	8,051	4,812	6,923	744.4
Change in Accounts Receivable	-461.98	-141	-264.23	-33.17
Change in Inventory	96.32	-434.68	-249.89	-88.89
Change in Accounts Payable	-27.87	7.34	-4.22	0.04
Change in Unearned Revenue	-20.64	-38.2	57.53	-3.01
Change in Other Net Operating Assets	-525.16	-331.58	215.85	-35.56
Operating Cash Flow	-1,304	-1,745	-1,557	-1,111
Capital Expenditures	-443.18	-259.45	-196.45	-174.21
Sale of Property, Plant & Equipment	1.15	0.09	0.69	0.36
Divestitures	-	-	-	1.35
Sale (Purchase) of Intangibles	-324.18	-194.53	-352.77	-49.82
Investment in Securities	-447.69	-213.41	334.02	-1,162
Investing Cash Flow	-1,214	-667.29	-214.51	-1,384
Long-Term Debt Issued	-	100.33	12.52	-
Long-Term Debt Repaid	-	-51.49	-41.3	-32.19
Net Debt Issued (Repaid)	157.42	48.84	-28.79	-32.19
Other Financing Activities	-9.25	-8.65	-13.6	-16.59
Financing Cash Flow	7,522	7,219	212.41	6,299
Foreign Exchange Rate Adjustments	8.74	-56.09	118	-50.25
Net Cash Flow	5,012	4,751	-1,441	3,754
Free Cash Flow	-1,748	-2,004	-1,754	-1,285
Free Cash Flow Margin	-82.64%	-129.15%	-193.64%	-275.37%
Free Cash Flow Per Share	-0.63	-0.74	-0.67	-0.51
Cash Interest Paid	7.86	8.65	7.55	4.71
Levered Free Cash Flow	-	-1,887	-1,562	-
Unlevered Free Cash Flow	-	-1,882	-1,557	-
Change in Net Working Capital	-	876.73	288.59	-

Source: S&P Capital IQ. Standard template. Financial Sources.