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 6.698B.

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 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income 6.89B 1.19B -17.12B 20.33B
Depreciation 84M 91M 75M 22M
Change To Netincome -56M 6.25B 23.94B -14.03B
Change To Account Receivables -411M -130M -300M -90M
Change To Liabilities 73M -299M -32M -296M
Change To Operating Activities 114M -22M 25M 8M
Total Cash From Operating Activities 6.7B 7.08B 6.59B 5.94B
Investments -802M -2.31B 1.32B 4.43B
Other Cashflows From Investing Activities 116M 138M 188M 92M
Total Cashflows From Investing Activities -10.58B -10.54B -532M 6.78B
Dividends Paid -4.41B -3.97B -5.93B -5.52B
Net Borrowings 9.6B 3.21B 10.29B -3.76B
Other Cashflows From Financing Activities -978M -928M -882M -648M
Total Cash From Financing Activities 4.14B -2.06B -766M -13.14B
Effect Of Exchange Rate -5M 177M -108M -44M
Change In Cash 249M -5.35B 5.18B -470M
Repurchase Of Stock -82M -379M -4.24B -3.22B