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