Atour Lifestyle Holdings 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	1,621	1,275	737.14	98.1	145.05
Depreciation & Amortization	54.11	65.23	85.02	88.56	92.61
Other Amortization	-	-	-	-	1.3
Loss (Gain) From Sale of Assets	-	-	0.58	2.02	2.21
Asset Writedown & Restructuring Costs	-	54.66	60.52	-	-
Loss (Gain) From Sale of Investments	-	-48.94	-34.52	-8.46	-8.75
Stock-Based Compensation	-	32.79	163.98	163.19	-
Provision & Write-off of Bad Debts	-	30.81	40.75	4.74	2.89
Other Operating Activities	317.72	165.98	208.01	281.73	-12.85
Change in Accounts Receivable	-	-29.7	-42.71	-37.48	40.42
Change in Inventory	-	-99.11	-85.48	-4.18	-30.16
Change in Accounts Payable	-	99.24	409.64	23.62	75.51
Change in Unearned Revenue	-	153.8	294.68	-20.81	85.78
Change in Income Taxes	-	85.45	104.87	-14.84	-15.33
Change in Other Net Operating Assets	-	-59.6	46.19	-292.53	39.19
Operating Cash Flow	1,993	1,726	1,989	283.68	417.88
Operating Cash Flow Growth	15.46%	-13.21%	601.03%	-32.12%	252.13%
Capital Expenditures	-85.78	-56.24	-41.72	-36.43	-63.97
Sale of Property, Plant & Equipment	5	2.95	0.67	-	-
Divestitures	0.78	-	-	-	-
Sale (Purchase) of Intangibles	-0.25	-1.94	-	-2.81	-2
Investment in Securities	-1,252	-465.32	-559.47	-153	8.75
Investing Cash Flow	-1,332	-520.55	-600.52	-192.23	-42.23
Long-Term Debt Issued	255	60	40	199	218.43
Long-Term Debt Repaid	-65	-70	-141.96	-134.48	-230.43
Net Debt Issued (Repaid)	190	-10	-101.96	64.52	-12
Issuance of Common Stock	18.88	19.45	105.62	400.07	-
Repurchase of Common Stock	-329.9	-	-	-	-111.26
Common Dividends Paid	-772	-436.05	-150.58	-	-20.65
Other Financing Activities	-31.87	-	-	-8.28	-17.18
Financing Cash Flow	-924.89	-426.6	-146.92	456.31	-161.08
Foreign Exchange Rate Adjustments	-35.32	-0.92	10.41	2.82	-8.18
Net Cash Flow	-299.46	777.88	1,252	550.58	206.39
Free Cash Flow	1,907	1,670	1,947	247.25	353.91
Free Cash Flow Growth	14.21%	-14.24%	687.43%	-30.14%	5878.14%
Free Cash Flow Margin	19.48%	23.04%	41.73%	10.93%	16.48%
Free Cash Flow Per Share	13.64	12.01	14.08	1.94	3.29
Cash Interest Paid	-	3.6	6.03	4.65	5.7
Cash Income Tax Paid	-	446.51	170.24	82.78	88.95
Levered Free Cash Flow	1,638	1,343	1,667	181.43	287.81
Unlevered Free Cash Flow	1,640	1,345	1,670	185.49	292.77
Change in Working Capital	-	150.07	727.2	-346.21	195.41

Updated Mar 17, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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