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).

3328 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 Bank of Communications Co., Ltd. (3328), the free cash flow value is -57.722B.

All amounts in CNY

Operating Cash
-34.77B
Capital Expenditure
-22.95B
Free Cash Flow
-57.722B

Bank of Communications Co., 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).

3328 Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for Bank of Communications Co., Ltd. (HKEX:3328).

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income87.58B78.27B77.28B73.63B
Depreciation14.46B14.45B13.68B9.98B
Change To Netincome8.22B-6.95B-16.41B-38.39B
Change To Liabilities-3.47B-3.56B-1.77B
Change To Operating Activities-141.95B66.85B-155.63B-249.93B
Total Cash From Operating Activities-34.77B149.4B-82.55B-292.78B
Capital Expenditures-22.95B-24.15B-32.38B-30.65B
Investments-146.06B-166.22B-139.35B-151.22B
Other Cashflows From Investing Activities89.49B91.03B86.97B81.67B
Total Cashflows From Investing Activities-75.55B-94.59B-81.81B-100.14B
Dividends Paid-44.5B-40.84B-34.63B-23.85B
Net Borrowings4.87B94.59B81.44B21.51B
Other Cashflows From Financing Activities-564M-162M-81M405.53B
Total Cash From Financing Activities1.31B88.28B86.73B403.19B
Effect Of Exchange Rate-3.79B-3.7B1.87B4.3B
Change In Cash-112.81B139.38B-75.76B14.57B
Repurchase Of Stock-29.15B-17.12B-17.12B-17.12B
Issuance Of Stock41.5B51.8B39.99B39.99B