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).

0267 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 CITIC Limited (0267), the free cash flow value is -65.188B.

All amounts in HKD

Operating Cash
-40.69B
Capital Expenditure
-24.49B
Free Cash Flow
-65.188B

CITIC 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).

0267 Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for CITIC Limited (HKEX:0267).

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income70.22B56.63B53.9B50.84B
Depreciation21.22B19.77B21.81B15.1B
Change To Netincome132.91B117.28B121.4B72.42B
Change To Account Receivables-4.75B1.03B-57.34B-16.02B
Change To Liabilities27.34B8.1B-15.97B11.69B
Change To Inventory-33.21B-25.61B7.33B-2.4B
Change To Operating Activities-234.15B31.68B4.58B-37.72B
Total Cash From Operating Activities-40.69B193.22B160.08B151.9B
Capital Expenditures-24.49B-20.89B-19.63B-16.42B
Investments-251.74B-250.97B-285.29B-164.63B
Other Cashflows From Investing Activities7.1B5.32B6.61B4.99B
Total Cashflows From Investing Activities-267.45B-256.17B-296.51B-177.69B
Dividends Paid-15.65B-11.2B-12.8B-12.31B
Net Borrowings226.41B95.34B96.49B141.44B
Other Cashflows From Financing Activities-2.61B-48.12B386M-42.32B
Total Cash From Financing Activities208.16B36.02B84.08B79.01B
Effect Of Exchange Rate4.91B16.59B-7.42B-21.78B
Change In Cash-95.09B-10.34B-59.77B31.45B