The Wharf (Holdings) Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	-3,224	945	-1,705	6,019	3,864	Upgrade
Depreciation & Amortization	708	706	717	754	724	Upgrade
Gain (Loss) on Sale of Assets	1	-6	-	-	-	Upgrade
Stock-Based Compensation	-	-	-	-	3	Upgrade
Change in Accounts Receivable	79	119	261	413	-142	Upgrade
Change in Accounts Payable	999	-189	927	1,555	-453	Upgrade
Change in Other Net Operating Assets	-68	44	36	-108	63	Upgrade
Other Operating Activities	7,799	2,732	5,620	-238	9,007	Upgrade
Operating Cash Flow	3,830	2,379	6,183	2,554	10,268	Upgrade
Operating Cash Flow Growth	60.99%	-61.52%	142.09%	-75.13%	10.17%	Upgrade
Acquisition of Real Estate Assets	-808	-774	-1,015	-1,000	-1,287	Upgrade
Sale of Real Estate Assets	5	6	9	3,146	23	Upgrade
Net Sale / Acq. of Real Estate Assets	-803	-768	-1,006	2,146	-1,264	Upgrade
Investment in Marketable & Equity Securities	-1,784	-2,781	5,318	8,864	-12,953	Upgrade
Investing Cash Flow	-2,587	-3,549	4,312	11,314	-14,217	Upgrade
Long-Term Debt Issued	4,745	10,997	8,258	35,123	11,942	Upgrade
Long-Term Debt Repaid	-7,115	-11,416	-24,379	-40,678	-16,640	Upgrade
Net Debt Issued (Repaid)	-2,370	-419	-16,121	-5,555	-4,698	Upgrade
Issuance of Common Stock	-	-	-	75	34	Upgrade
Common Dividends Paid	-1,222	-1,222	-1,222	-1,222	-839	Upgrade
Other Financing Activities	-128	-104	-209	-712	-7	Upgrade
Foreign Exchange Rate Adjustments	-152	-140	-1,854	437	1,036	Upgrade
Net Cash Flow	-2,629	-3,055	-8,911	6,891	-8,423	Upgrade
Cash Interest Paid	841	1,283	797	918	1,368	Upgrade
Cash Income Tax Paid	481	2,311	2,084	2,800	2,783	Upgrade
Levered Free Cash Flow	3,440	1,628	6,425	861.88	8,381	Upgrade
Unlevered Free Cash Flow	3,398	2,172	6,754	975	8,820	Upgrade
Change in Net Working Capital	838	2,844	-1,910	5,114	-1,153	Upgrade

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.