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).

0823 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 Link Real Estate Investment Trust (0823), the free cash flow value is 7.078B.

All amounts in HKD

Operating Cash
Capital Expenditure
Free Cash Flow

Link Real Estate Investment Trust has a positive 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).

0823 Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for Link Real Estate Investment Trust (HKEX:0823).

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Net Income1.19B-17.12B20.33B47.76B
Change To Netincome6.25B23.94B-14.03B-41.25B
Change To Account Receivables-130M-300M-90M-168M
Change To Liabilities-299M-32M-296M-51M
Change To Operating Activities-22M25M8M169M
Total Cash From Operating Activities7.08B6.59B5.94B6.49B
Other Cashflows From Investing Activities138M188M92M7M
Total Cashflows From Investing Activities-10.54B-532M6.78B8.09B
Dividends Paid-3.97B-5.93B-5.52B-5.25B
Net Borrowings3.21B10.29B-3.76B-1.55B
Other Cashflows From Financing Activities-928M-882M-648M-810M
Total Cash From Financing Activities-2.06B-766M-13.14B-11.96B
Effect Of Exchange Rate177M-108M-44M19M
Change In Cash-5.35B5.18B-470M2.63B
Repurchase Of Stock-379M-4.24B-3.22B-4.35B