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).

1928 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 Sands China Ltd. (1928), the free cash flow value is -476.00M.

All amounts in USD

Operating Cash
88M
Capital Expenditure
-564M
Free Cash Flow
-476.00M

Sands China Ltd. 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).

1928 Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for Sands China Ltd. (HKEX:1928).

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income-1.05B-1.52B2.03B1.88B
Depreciation717M669M611M658M
Change To Netincome534M343M387M399M
Change To Account Receivables-11M216M-65M-180M
Change To Liabilities-159M-567M-191M260M
Change To Operating Activities3M3M-5M-1M
Total Cash From Operating Activities88M-816M2.81B3.05B
Capital Expenditures-564M-1.02B-720M-492M
Other Cashflows From Investing Activities3M13M38M14M
Total Cashflows From Investing Activities-634M-1.02B-715M-513M
Net Borrowings890M1.48B-13M1.15B
Other Cashflows From Financing Activities-536M-229M-276M-218M
Total Cash From Financing Activities366M231M-2.31B-1.1B
Effect Of Exchange Rate-3M-1M10M10M
Change In Cash-183M-1.61B-205M1.44B
Issuance Of Stock12M6M28M23M