China Southern Airlines Company Limited (SHA:600029)
China · Delayed Price · Currency is CNY 4.930
-0.070 (-1.40%)
Sep 11, 2026, 3:00 PM CST
SHA:600029 Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | -1,306 | 857 | -1,696 | -4,209 | -32,682 | -12,103 |
Depreciation & Amortization | 31,366 | 30,480 | 28,238 | 27,010 | 24,062 | 24,053 |
Other Amortization | 1,055 | 754 | 168 | 170 | 198 | 199 |
Loss (Gain) From Sale of Assets | -341 | -77 | -711 | -378 | -318 | -363 |
Asset Writedown & Restructuring Costs | 3 | 3 | 3 | 3 | 449 | 2,579 |
Loss (Gain) From Sale of Investments | -927 | -152 | 422 | 1,629 | -601 | -20 |
Provision & Write-off of Bad Debts | 18 | 17 | 28 | 11 | 19 | -1 |
Other Operating Activities | 5,930 | 6,408 | 7,930 | 6,449 | 8,574 | 5,207 |
Change in Accounts Receivable | -1,652 | -2,343 | -3,685 | -1,770 | 1,434 | -1,481 |
Change in Inventory | -1,854 | -1,306 | -439 | -186 | 54 | 91 |
Change in Accounts Payable | 2,994 | 3,192 | -1,210 | 7,581 | 2,641 | 341 |
Change in Unearned Revenue | 1,237 | -77 | 2,552 | 3,484 | -225 | -410 |
Change in Income Taxes | - | -71 | 430 | 109 | -448 | 367 |
Change in Other Net Operating Assets | 24 | 10 | -5 | 11 | -12 | -2 |
Operating Cash Flow | 36,464 | 38,209 | 31,445 | 40,134 | 3,465 | 13,371 |
Operating Cash Flow Growth | 21.24% | 21.51% | -21.65% | 1058.27% | -74.09% | 47.76% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -32,490 | -17,767 | -16,139 | -11,369 | -11,696 | -17,137 |
Sale of Property, Plant & Equipment | 2,987 | 428 | 1,547 | 1,736 | 4,799 | 990 |
Divestitures | - | - | - | - | 724 | - |
Investment in Securities | -2,136 | -2,837 | -2,534 | -8,571 | 183 | 57 |
Other Investing Activities | 999 | 965 | 674 | 693 | 583 | 941 |
Investing Cash Flow | -30,640 | -19,211 | -16,452 | -17,511 | -5,407 | -15,149 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 105,423 | 87,046 | 83,678 | 106,829 | 168,410 |
Long-Term Debt Repaid | - | -121,955 | -93,193 | -110,308 | -105,419 | -164,699 |
Net Debt Issued (Repaid) | -3,937 | -16,532 | -6,147 | -26,630 | 1,410 | 3,711 |
Issuance of Common Stock | - | - | - | - | 6,046 | - |
Common Dividends Paid | -5,870 | -5,811 | -5,899 | -6,444 | -6,359 | -6,354 |
Other Financing Activities | -109 | -225 | 500 | 68 | -798 | 475 |
Financing Cash Flow | -9,916 | -22,568 | -11,546 | -33,006 | 299 | -2,168 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -11 | -12 | 6 | 25 | 76 | -17 |
Net Cash Flow | -4,103 | -3,582 | 3,453 | -10,358 | -1,567 | -3,963 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 3,974 | 20,442 | 15,306 | 28,765 | -8,231 | -3,766 |
Free Cash Flow Growth | -76.38% | 33.55% | -46.79% | - | - | - |
Free Cash Flow Margin | 2.08% | 11.22% | 8.79% | 17.99% | -9.46% | -3.71% |
Free Cash Flow Per Share | 0.22 | 1.13 | 0.84 | 1.59 | -0.48 | -0.23 |
Levered Free Cash Flow | -1,535 | 14,354 | 9,490 | 22,576 | -992.38 | -7,395 |
Unlevered Free Cash Flow | 1,945 | 17,825 | 13,089 | 26,281 | 2,761 | -3,519 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Income Tax Paid | 5,531 | 4,606 | 4,598 | 3,228 | -1,996 | 2,950 |
Change in Working Capital | 666 | -81 | -2,937 | 9,449 | 3,764 | -6,180 |