Phoenix New Media Limited (FENG)

Phoenix New Media Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	-102.5	-109.65	-205.7	380.37	727.83
Depreciation & Amortization	42.56	54.75	66.05	78.91	83.37
Share-Based Compensation	3.71	7.88	9.58	9.38	11.86
Other Operating Activities	-4.61	-265.39	-12.76	-571.77	-1,153.36
Operating Cash Flow	-60.83	-312.41	-142.82	-103.11	-330.31
Capital Expenditures	-5.95	-25.38	0.55	-12.09	-57.89
Acquisitions	0	0	0	-68.87	533.46
Change in Investments	493.79	254.08	-43.2	561.42	1,065
Other Investing Activities	-	-	-	265.75	-80.35
Investing Cash Flow	487.84	228.7	-42.65	746.22	1,460
Dividends Paid	0	0	-3.54	-645.24	-703.15
Share Issuance / Repurchase	-0.66	0	0	0	0.51
Debt Issued / Paid	0	0	0	-7.63	-267.89
Other Financing Activities	-	-	-	13.21	-144.1
Financing Cash Flow	-0.66	0	-3.54	-639.66	-1,114.62
Exchange Rate Effect	3.06	-15.85	4.78	-38.56	-35.19
Net Cash Flow	429.42	-99.56	-184.24	-35.12	-19.72
Free Cash Flow	-66.77	-337.79	-142.27	-115.2	-388.19
Free Cash Flow Margin	-9.65%	-42.99%	-13.81%	-9.53%	-29.24%
Free Cash Flow Per Share	-5.50	-27.84	-11.73	-9.50	-32.00

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).