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).

## 1113 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 CK Asset Holdings Limited (1113), the free cash flow value is 22.17B.

All amounts in HKD

Operating Cash
25.36B
Capital Expenditure
-3.19B
Free Cash Flow
22.17B

CK Asset Holdings Limited 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).

## 1113 Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for CK Asset Holdings Limited (HKEX:1113).

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income21.48B16.83B29.68B40.66B
Depreciation3.52B3.44B2.19B1.77B
Change To Netincome-420M1.69B867M-15.46B
Change To Account Receivables3.98B-3.55B-1.26B548M
Change To Liabilities-173M3.9B-16.95B-1.13B
Change To Inventory-5.33B3.67B21.04B-9.8B
Change To Operating Activities2.31B-1.69B6.35B-2.62B
Total Cash From Operating Activities25.36B24.3B41.91B13.97B
Capital Expenditures-3.19B-1.32B-4.22B-5.03B
Investments-693M-22M508M-12.46B
Other Cashflows From Investing Activities932M1.47B3.03B2.49B
Total Cashflows From Investing Activities-3.77B-7.26B-14.84B-805M
Dividends Paid-7.11B-7.63B-7.74B-7.01B
Net Borrowings9.72B-3.66B-12.08B-1.76B
Other Cashflows From Financing Activities-2.59B-2.59B-2.92B-2.75B
Total Cash From Financing Activities-17.81B-19.38B-22.75B-11.76B
Effect Of Exchange Rate573M1.12B-302M-357M
Change In Cash4.35B-1.23B4.02B1.05B
Repurchase Of Stock-19.54B-11.67B-11.67B-232M
Issuance Of Stock1.72B6.17B6.17B6.17B