Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow (FCF).

## 0027 Free Cash Flow Analysis

Free cash flow, a measure commonly used by analysts to assess a company's profitability, represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

The Free Cash Flow is calculated using a number of methods including using Operating Cash Flow. Following is the formula to calculate Free Cash Flow based on Operating Cash Flow.

`Free Cash Flow = Operating Cash Flow - Capital Expenditures`

Using above formula to calculate Free Cash Flow for Galaxy Entertainment Group Limited (0027), the free cash flow value is -10.394881B.

All amounts in HKD

Operating Cash
-3.49B
Capital Expenditure
-6.91B
Free Cash Flow
-10.394881B

Galaxy Entertainment Group Limited has a negative free cash flow as per the latest annual Cash flow statement released by the company. Positive free cash flow is cruscial for the financial health of a company, which can be used to pay dividends, expand operations, and deleverage its balance sheet (i.e., reduce debt).

## 0027 Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for Galaxy Entertainment Group Limited (HKEX:0027).

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income1.33B-3.97B13.04B13.51B
Depreciation2.23B2.79B3.43B3.2B
Change To Netincome-842.17M-1.11B-1.44B-1.27B
Change To Account Receivables337.05M389.09M-271.94M162.03M
Change To Liabilities-6.62B-5.72B4.62B-1.92B
Change To Inventory-1.41M-23.88M11.96M-18.36M
Change To Operating Activities51.75M-10.89M23.86M5.63M
Total Cash From Operating Activities-3.49B-7.63B19.44B13.78B
Capital Expenditures-6.91B-5.77B-4.12B-3.01B
Investments9.64B6.28B-209.9M-10.62B
Other Cashflows From Investing Activities1.85B9.02B-10.53B2.37B
Total Cashflows From Investing Activities4.58B9.5B-14.88B-11.24B
Net Borrowings-2.88B8.59B-8.31B-863.75M
Other Cashflows From Financing Activities-78.28M-53.55M-62.8M-26.43M
Total Cash From Financing Activities-2.41B6.77B-12.09B-4.46B
Effect Of Exchange Rate11.78M19.85M-2.53M-8M
Change In Cash-1.3B8.66B-7.53B-1.92B
Repurchase Of Stock-19.03M-36.8M-39.59M-23.12M
Issuance Of Stock566.79M223.56M264.11M381.55M