Jardine Matheson Holdings Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,109	-468	686	354	1,881
Depreciation & Amortization	2,138	2,102	2,018	2,108	2,221
Other Amortization	64	80	68	9	8
Loss (Gain) From Sale of Assets	-131	67	-81	-40	-1,241
Asset Writedown & Restructuring Costs	-138	2,399	2,038	987	1,470
Loss (Gain) From Sale of Investments	35	188	-72	437	36
Stock-Based Compensation	24	12	12	6	1
Provision & Write-off of Bad Debts	144	115	123	180	216
Other Operating Activities	2,592	1,332	870	2,092	806
Change in Accounts Receivable	-582	311	-702	-1,149	-638
Change in Inventory	178	673	-578	-1,046	-1,225
Change in Accounts Payable	-147	-1,824	239	905	1,542
Change in Other Net Operating Assets	23	12	-37	-18	-1
Operating Cash Flow	5,309	4,999	4,584	4,825	5,076
Operating Cash Flow Growth	6.20%	9.05%	-5.00%	-4.95%	-3.77%
Capital Expenditures	-1,199	-1,224	-1,702	-1,053	-652
Sale of Property, Plant & Equipment	158	173	364	230	135
Cash Acquisitions	-278	5	-378	-19	-24
Divestitures	687	317	365	-	1,510
Sale (Purchase) of Intangibles	-122	-127	-114	-151	-158
Sale (Purchase) of Real Estate	984	-220	-151	-123	-115
Investment in Securities	1,879	114	-854	-1,431	-453
Other Investing Activities	-16	-9	7	-46	-12
Investing Cash Flow	2,093	-971	-2,463	-2,593	231
Long-Term Debt Issued	7,516	10,591	9,873	9,047	12,572
Total Debt Issued	7,516	10,591	9,873	9,047	12,572
Long-Term Debt Repaid	-9,188	-11,949	-10,331	-9,988	-12,361
Total Debt Repaid	-9,188	-11,949	-10,331	-9,988	-12,361
Net Debt Issued (Repaid)	-1,672	-1,358	-458	-941	211
Issuance of Common Stock	110	-	-	1	3
Repurchase of Common Stock	-32	-101	-209	-173	-584
Common Dividends Paid	-461	-447	-455	-423	-353
Other Financing Activities	-1,572	-1,932	-2,141	-1,739	-6,458
Financing Cash Flow	-3,627	-3,838	-3,263	-3,275	-7,181
Foreign Exchange Rate Adjustments	-43	-144	59	-356	-1
Net Cash Flow	3,732	46	-1,083	-1,399	-1,875
Free Cash Flow	4,110	3,775	2,882	3,772	4,424
Free Cash Flow Growth	8.87%	30.99%	-23.59%	-14.74%	-3.43%
Free Cash Flow Margin	12.01%	10.55%	7.99%	10.06%	12.34%
Free Cash Flow Per Share	13.98	13.02	9.94	13.05	14.13
Cash Interest Paid	703	809	758	564	573
Cash Income Tax Paid	937	1,066	1,307	1,006	728
Levered Free Cash Flow	1,470	1,805	2,250	2,693	4,306
Unlevered Free Cash Flow	1,875	2,268	2,690	3,029	4,626
Change in Working Capital	-528	-828	-1,078	-1,308	-322

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.