BTG Hotels (Group) Cash Flow Statement

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

Millions CNY. 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	806.31	795.07	-576.79	55.68
Depreciation & Amortization	1,641	1,741	1,738	1,659
Other Amortization	365.04	416.32	438.49	422.29
Loss (Gain) From Sale of Assets	-17.98	-9.94	-17.9	-13.08
Asset Writedown & Restructuring Costs	94.43	79.55	151.37	11.21
Loss (Gain) From Sale of Investments	-53.66	-60	-18.93	-0.67
Provision & Write-off of Bad Debts	-5.64	56.34	4.41	14.55
Other Operating Activities	380.1	416.98	368.57	486.81
Change in Accounts Receivable	-27.3	162.92	-212.5	-97.48
Change in Inventory	3.05	-9.26	8.9	-4.38
Change in Accounts Payable	77.06	357.64	-294.35	-106.69
Change in Other Net Operating Assets	-1.88	28.72	17.74	20.58
Operating Cash Flow	3,371	4,014	1,483	2,308
Operating Cash Flow Growth	-16.02%	170.62%	-35.75%	424.81%
Capital Expenditures	-564.43	-633.68	-654.79	-741.8
Sale of Property, Plant & Equipment	31.12	45.85	8.29	43.03
Cash Acquisitions	-	-	-10.38	-
Divestitures	-	-	-1.08	0.18
Investment in Securities	88.27	-209.56	-1,348	272.57
Other Investing Activities	73.03	61.03	57.34	17.89
Investing Cash Flow	-989.41	-727.97	-1,937	-454.48
Long-Term Debt Issued	1,049	818.7	3,102	3,104
Total Debt Issued	1,049	818.7	3,102	3,104
Short-Term Debt Repaid	-	-4	-	-25
Long-Term Debt Repaid	-2,665	-3,266	-4,330	-5,598
Total Debt Repaid	-2,665	-3,270	-4,330	-5,623
Net Debt Issued (Repaid)	-1,616	-2,451	-1,228	-2,519
Issuance of Common Stock	-	-	-	2,994
Repurchase of Common Stock	-	-18.96	-21.22	-5.73
Common Dividends Paid	-623.37	-420.26	-440.88	-515.23
Other Financing Activities	-29	-216.54	-10.76	5.3
Financing Cash Flow	-2,268	-3,107	-1,701	-40.71
Foreign Exchange Rate Adjustments	0.42	0.19	4.14	-10.98
Net Cash Flow	113.9	179.16	-2,151	1,802
Free Cash Flow	2,806	3,380	828.38	1,567
Free Cash Flow Growth	-16.97%	308.04%	-47.12%	-
Free Cash Flow Margin	36.21%	43.37%	16.27%	25.46%
Free Cash Flow Per Share	2.51	3.03	0.74	1.57
Cash Income Tax Paid	536.53	436.19	279.8	403.16
Levered Free Cash Flow	2,011	2,537	517.42	-247.83
Unlevered Free Cash Flow	2,250	2,801	805.54	80.39
Change in Working Capital	161.7	578.73	-603.6	-327.55

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