MTR Corporation Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	17,461	15,772	7,784	9,827	9,552	-4,809
Depreciation & Amortization	6,337	6,144	6,105	6,034	6,192	5,365
Other Operating Activities	-7,258	-4,845	-716	-8,555	-8,417	4,381
Change in Accounts Receivable	1,937	565	-1,682	-307	813	-3,583
Change in Inventory	-427	-11	-283	-185	-153	-119
Change in Accounts Payable	-1,257	866	-11	-57	-515	-463
Operating Cash Flow	16,793	18,491	11,197	6,757	7,472	772
Operating Cash Flow Growth	8.30%	65.14%	65.71%	-9.57%	867.88%	-95.47%
Capital Expenditures	-22,117	-20,009	-12,333	-19,284	-8,642	-6,122
Sale of Property, Plant & Equipment	13,040	3,007	7,109	14,162	17,779	8,583
Sale (Purchase) of Real Estate	-504	-666	-1,250	-769	-280	-3,539
Investment in Securities	-5,792	-1,227	151	125	-1,005	-507
Other Investing Activities	-1,966	-1,372	-1,401	3,779	-1,878	910
Investing Cash Flow	-17,339	-20,267	-7,724	-1,987	5,974	-675
Long-Term Debt Issued	-	45,842	74,057	41,646	16,532	26,872
Long-Term Debt Repaid	-	-27,607	-62,746	-36,878	-23,115	-16,727
Net Debt Issued (Repaid)	18,831	18,235	11,311	4,768	-6,583	10,145
Issuance of Common Stock	23,550	-	-	-	67	77
Repurchase of Common Stock	-113	-207	-93	-109	-116	-86
Common Dividends Paid	-13,487	-7,946	-7,595	-8,562	-7,165	-6,808
Other Financing Activities	-1,893	-1,579	-1,750	-668	-734	-484
Financing Cash Flow	26,888	8,503	1,873	-4,571	-14,531	2,844
Foreign Exchange Rate Adjustments	254	-466	82	-710	-42	592
Miscellaneous Cash Flow Adjustments	-	-	-94	-	-	-
Net Cash Flow	26,596	6,261	5,334	-511	-1,127	3,533
Free Cash Flow	-5,324	-1,518	-1,136	-12,527	-1,170	-5,350
Free Cash Flow Margin	-9.16%	-2.53%	-1.99%	-26.20%	-2.48%	-12.58%
Free Cash Flow Per Share	-0.85	-0.24	-0.18	-2.02	-0.19	-0.87
Cash Interest Paid	2,826	2,497	1,869	961	910	1,039
Cash Income Tax Paid	836	1,190	2,217	1,016	804	2,306
Levered Free Cash Flow	-748.75	532.88	-2,773	2,063	5,900	-2,443
Unlevered Free Cash Flow	736.88	1,931	-1,622	2,944	6,738	-1,557
Change in Working Capital	253	1,420	-1,976	-549	145	-4,165

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.