Eastern Air Logistics Cash Flow Statement

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

Millions CNY. 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	2,688	2,688	2,488	3,637	3,627
Depreciation & Amortization	1,482	1,391	1,496	1,146	1,214
Other Amortization	358.47	91.91	68.23	55.41	42.08
Loss (Gain) From Sale of Assets	-60.5	-55.58	5.62	-0.84	0.27
Asset Writedown & Restructuring Costs	0.08	0.02	0.01	0.31	1.48
Loss (Gain) From Sale of Investments	0.96	7.94	-0.05	-35.7	-9.41
Provision & Write-off of Bad Debts	0.83	0.21	-1.63	-4.02	1.24
Other Operating Activities	651.37	781.74	809.08	867.21	775.68
Change in Accounts Receivable	127.68	-661.21	64.7	128.19	-484.13
Change in Inventory	5.43	0.65	3.87	1.75	-9.89
Change in Accounts Payable	951.79	-553.02	406.87	-329.76	724.18
Change in Other Net Operating Assets	3.28	-	-	-	-
Operating Cash Flow	6,202	3,714	5,238	5,422	5,878
Operating Cash Flow Growth	67.00%	-29.10%	-3.39%	-7.77%	82.26%
Capital Expenditures	-1,758	-2,781	-552.54	-1,286	-390.51
Sale of Property, Plant & Equipment	65.59	458.05	2.26	0.75	8.88
Divestitures	-	-	-	-	10.26
Investment in Securities	-196.4	-357.7	-34.3	34.73	9.62
Other Investing Activities	2.13	0.35	3.14	-	-
Investing Cash Flow	-1,887	-2,681	-581.44	-1,251	-361.75
Short-Term Debt Issued	-	-	-	-	60.49
Long-Term Debt Issued	-	-	-	569.86	-
Total Debt Issued	-	-	-	569.86	60.49
Long-Term Debt Repaid	-2,517	-2,780	-4,328	-3,243	-762.38
Net Debt Issued (Repaid)	-2,517	-2,780	-4,328	-2,673	-701.89
Issuance of Common Stock	-	-	-	-	2,432
Common Dividends Paid	-458.72	-617.56	-570.1	-1,106	-
Other Financing Activities	-	-26.89	0.25	-364.5	-146.51
Financing Cash Flow	-2,976	-3,425	-4,898	-4,144	1,583
Foreign Exchange Rate Adjustments	-21.18	-87.67	-31.63	44.68	-52.47
Net Cash Flow	1,317	-2,479	-273.26	71.84	7,048
Free Cash Flow	4,443	932.33	4,685	4,135	5,488
Free Cash Flow Growth	376.60%	-80.10%	13.30%	-24.65%	875.16%
Free Cash Flow Margin	18.31%	3.88%	22.72%	17.62%	24.69%
Free Cash Flow Per Share	2.79	0.59	2.96	2.60	3.63
Cash Interest Paid	-	-	-	-	0.73
Cash Income Tax Paid	140.29	644.18	359.15	1,645	578.27
Levered Free Cash Flow	3,521	-262.48	3,325	2,695	5,298
Unlevered Free Cash Flow	3,666	-61.35	3,579	2,844	5,388
Change in Working Capital	1,080	-1,192	372.11	-243.72	226.26

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