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).

THL 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 Tourism Holdings Limited (THL), the free cash flow value is -24.55M.

All amounts in NZD

Operating Cash
Capital Expenditure
Free Cash Flow

Tourism Holdings Limited 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).

THL Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for Tourism Holdings Limited (NZX:THL).

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income -1.48M -13.68M 27.36M 29.75M
Depreciation 45.36M 48.23M 62.62M 52.21M
Change To Netincome -41.45M 35.45M -1.67M -67.41M
Change To Account Receivables 618k 10.63M 1.82M -5.88M
Change To Liabilities 2.63M 1.72M -18.74M -3.47M
Change To Inventory -19.94M 3.64M -23k 3.76M
Change To Operating Activities 705k 122k -1.32M 54k
Total Cash From Operating Activities -21.62M 86.98M 69.09M 10.2M
Capital Expenditures -2.93M -1.2M -4.12M -3.88M
Investments 23.14M 4.98M -10.95M -10.34M
Total Cashflows From Investing Activities 15.78M -592k -15.38M -14.62M
Net Borrowings 3.29M -82.3M -59.23M -1.68M
Total Cash From Financing Activities 3.48M -82M -27.32M -308k
Effect Of Exchange Rate 3.08M -1.82M 287k 31k
Change In Cash 729k 2.57M 26.68M -4.7M
Issuance Of Stock 193k 304k 49.28M 30.8M