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TH International Limited (THCH)
NASDAQ: THCH · Real-Time Price · USD
1.740
-0.060 (-3.33%)
At close: Aug 5, 2026, 4:00 PM EDT
1.510
-0.230 (-13.22%)
After-hours: Aug 5, 2026, 4:00 PM EDT

TH International Cash Flow Statement

Millions CNY. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
--435.81-460.43-839.73--382.93
Depreciation & Amortization
-146.8169.68163.15133.474.28
Stock-Based Compensation
-2.871.0564.4874.69-
Other Adjustments
-191.24173.95296.34166.368.95
Change in Receivables
-10-12.72-24.551.84-1.84
Changes in Inventories
--28.8810.01-29.38-31.17
Changes in Accounts Payable
-59.89134.45137.9153.1349.64
Changes in Accrued Expenses
-25.16-76.68-1.0735.0169.47
Changes in Unearned Revenue
--0.751.7120.5510.3311.71
Changes in Other Operating Activities
--10.120.44-23.2312.43-43.07
Operating Cash Flow
-36.03-12.71-39.67-196.13457.82-244.97
Operating Cash Flow Growth
------

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
--65.62-102.84-291.67--335.32
Sale of Property, Plant & Equipment
-2.799.840.27-0.04
Purchases of Investments
----17.17--
Proceeds from Sale of Investments
--17.17369.3--
Other Investing Activities
--67.8-0.74--
Investing Cash Flow
-57.65-62.83-8.0460--335.28

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-777.88883.71,004707.58521.35
Long-Term Debt Repaid
--744.84-862.3-877--5.3
Net Long-Term Debt Issued (Repaid)
-33.0521.4126.89707.58516.05
Issuance of Common Stock
-0.028.381.41696.2291.39
Net Common Stock Issued (Repurchased)
-0.028.381.41696.2291.39
Issuance of Preferred Stock
--0---
Net Preferred Stock Issued (Repurchased)
--0---
Other Financing Activities
--11.36-3.78-47.47-81.69-9.45
Financing Cash Flow
-4.0921.72680.83827.16798

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-2.26-0.692.3519.8113.18-1.79
Net Cash Flow
-100.03-54.53-19.35-35.491,298215.96

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
-36.03-78.33-142.51-487.8457.82-580.28
Free Cash Flow Growth
------
FCF Margin
-2.83%-5.95%-10.24%-31.27%45.28%-90.19%
Free Cash Flow Per Share
-1.11-2.41-4.39-15.8217.87-23.86
Levered Free Cash Flow
-259.18-248.07-235.03-733.69362.26-70.14
Unlevered Free Cash Flow
-304.72-164.33-195.04-652.33-366.25-578.93
SEC Filings: 10-K · 10-Q