GreenTree Hospitality Group Ltd. (GHG) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 58.15M | 32.07M | 144.5M | 52.41M | 52.41M | 74.24M | 139.24M | 69.17M | 90.73M | -12.84M | 153.6M | 147.57M | 165.53M | -175.68M | 154.78M | 65.36M | 65.36M | 201.3M | 116.78M | 44.61M |
| Operating CF Margin % | 25.53% | 14.94% | 47.6% | 17.91% | 17.91% | 24.38% | 39.01% | 20.98% | 25.76% | -3.45% | 38.42% | 35.56% | 43.65% | -48.71% | 33.58% | 28.58% | 28.58% | 65.48% | 37.62% | 12.86% |
| Operating CF Growth % | 10.95% | -56.8% | 3.78% | -24.23% | -42.24% | 678.03% | -9.35% | -53.13% | -45.19% | 92.69% | -0.77% | 125.8% | 153.28% | -187.27% | 32.55% | 46.49% | 3919.5% | 78.53% | -33.41% | -23.42% |
| Net Income | 14.03M | -54.72M | 60.33M | 100.73M | 100.73M | -77.45M | 65.5M | 61.69M | 58.9M | 12.11M | -62.25M | 123.04M | 32.56M | -709.79M | 117.39M | -163.82M | -163.82M | 28.55M | 33M | 80.26M |
| Depreciation & Amortization | 0 | 10M | 26.1M | 26.35M | 26.35M | 26.58M | 28.69M | 29.14M | 31.34M | 24.9M | 22.08M | 35.75M | 31.34M | 17.9M | 25.15M | 31.12M | 31.12M | 36.37M | 21.3M | 21.36M |
| Stock-Based Compensation | 0 | 0 | 0 | 15.66K | 15.66K | -46.99K | 15.66K | 15.66K | 15.66K | 46.06K | -12K | 40.23K | -11.64K | -255.28K | -78.22K | 135.57K | 135.57K | 619.4K | 537.49K | 529.17K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 132.25M | 5.19M | 0 | 596.93M | 18.9M | 14.62M | 0 | 33.14M | 20.13M | -5.75M |
| Other Non-Cash Items | 44.12M | 157.83M | 68.64M | -14.33M | -14.33M | 209.45M | 71.96M | 62.42M | 68.12M | 93.6M | 68.59M | 69.76M | 63.66M | -14.69M | 56.6M | 154.59M | 154.59M | -432.73K | -2.7M | -1.77M |
| Working Capital Changes | 0 | -81.04M | -10.56M | -60.35M | -60.35M | -84.33M | -26.93M | -84.1M | -67.65M | -143.5M | -6.99M | -86.2M | 15.65M | -65.95M | -63.24M | 43.32M | 43.32M | 103.04M | 44.51M | -50.02M |
| Change in Receivables | 0 | 23.56M | 5.99M | -16.12M | -16.12M | 5.17M | -3.17M | -9.57M | 1.84M | 8.16M | -14.7M | 12.17M | -7.05M | 10.2M | -13.62M | -14.72M | -14.72M | 6.03M | 4.49M | -20.72M |
| Change in Inventory | 0 | 1.8M | 494.55K | -193.81K | -193.81K | -493.76K | 223.11K | 2.83M | 12.06M | -3.32M | 637.46K | 6.48M | 969.64K | -793.4M | -358.79K | -37.75K | -37.75K | -37.66K | -146.81K | 507.47K |
| Change in Payables | 0 | -8.82M | -1.61M | 0 | 0 | 17.3M | -7.76M | -3.7M | -8.86M | 0 | -19.13M | -14.61M | 4.69M | 571.55M | 13.98M | 0 | 0 | 3.84M | 2.19M | -3.32M |
| Cash from Investing | -50.26M | 26.59M | -167.39M | 38.51M | 38.51M | -25.21M | -102.85K | 157.56M | 213.14M | -126.83M | 29.58M | 25.86M | 102.39M | 365.33M | -95.12M | 161.3M | 161.3M | -256.41M | -171.26M | -242.54M |
| Capital Expenditures | -51.64M | -50.94M | -164.77M | -22.2M | -22.2M | -50.62M | -8.77M | -9.64M | -10.55M | -15.2M | -31.46M | -37.93M | -34.16M | -68.55B | -863.65K | -14.42M | -14.42M | -105.17M | -93.31M | -259.82M |
| CapEx % of Revenue | 22.67% | 23.73% | 54.27% | 7.59% | 7.59% | 16.62% | 2.46% | 2.92% | 3% | 4.08% | 7.87% | 9.14% | 9.01% | 19007.89% | 0.19% | 6.3% | 6.3% | 34.21% | 30.06% | 74.86% |
| Acquisitions | 0 | 182.79K | 0 | 0 | 0 | 184.41K | 2.27M | 534K | 241.49K | 3.63M | -224.51K | 7.41M | 18.9M | 130.82M | 185.68K | 0 | 0 | -8.31M | -3.04M | -119.47M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 879.55K | -22.31M | -2.62M | 60.71M | 60.71M | 8.85M | 13.2M | 166.67M | 26.57M | 12.15M | 24.32M | 46.6M | 19.27M | 68.31B | 29.2M | 175.72M | 175.72M | -165.26M | -56.08M | -134.39M |
| Cash from Financing | 46.75M | -41.98M | 0 | -100K | -100K | -70.44M | -1.27M | -960.32K | 83.2M | 29.87M | 34.63M | -17.8M | -19.6M | -8.3M | -296.2M | -90.8M | -90.8M | 154.15M | -48.35M | 13.74M |
| Debt Issued (Net) | 46.75M | -194.65K | 0 | 0 | 0 | -200K | 0 | -200K | 83.2M | 57M | 0 | 0 | -19.6M | -195.53M | 32.63M | 0 | 0 | 0 | -50M | 10M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | -65.16K | -300.12K | 0 | 0 | -19.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | -41.78M | 0 | 0 | 0 | -70.18M | 0 | -760.32K | 0 | 0 | 0 | 0 | 0 | -41M | 0 | -20.5M | -20.5M | -320.25M | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -65.16K | -300.12K | 0 | 0 | -19.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -7 | 0 | -100K | -100K | 0 | -966K | -182.65K | 11.59M | -7.43M | -296.2M | -17.8M | 0 | 116.98M | -328.82M | -70.3M | -70.3M | 474.41M | 1.65M | 3.74M |
| Net Change in Cash | 46.14M | 36.43M | -24.58M | 0 | -206.37M | -14.46M | 138.02M | 225.62M | 384.42M | -110.39M | 220.6M | -826.89M | 248.28M | -231.55M | -236.93M | 136.14M | 136.14M | 99.31M | -103.06M | -185.99M |
| Free Cash Flow | 6.41M | -18.87M | -20.27M | 30.21M | 30.21M | 23.59M | 130.47M | 59.53M | 80.17M | -28.61M | 122.14M | 109.65M | 131.38M | -68.73B | 153.92M | 50.94M | 50.94M | 96.12M | 23.46M | -215.2M |
| FCF Margin % | 2.81% | -8.79% | -6.68% | 10.33% | 10.33% | 7.75% | 36.55% | 18.05% | 22.76% | -7.69% | 30.55% | 26.42% | 34.64% | -19056.6% | 33.4% | 22.27% | 22.27% | 31.27% | 7.56% | -62.01% |
| FCF Growth % | -78.79% | -180% | -115.53% | -49.25% | -62.32% | 182.43% | 6.82% | -45.71% | -38.97% | 99.96% | -20.65% | 115.25% | 157.9% | -71601.9% | 555.99% | 123.67% | 148.67% | 40.28% | -84.19% | -642.07% |
| FCF per Share | 0.06 | -0.19 | -0.20 | 0.30 | 0.30 | 0.23 | 1.28 | 0.59 | 0.79 | -0.28 | 1.19 | 1.07 | 1.30 | -668.07 | 1.51 | 0.49 | 0.49 | 0.93 | 0.23 | -2.09 |
| FCF Conversion (FCF/Net Income) | 3.75x | -0.36x | 2.38x | 0.52x | 0.52x | -0.98x | 2.13x | 1.12x | 1.54x | 0.42x | -2.54x | 1.43x | 4.56x | 10.96x | 1.32x | -0.40x | -0.40x | 7.76x | 3.39x | 0.55x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |