HUTCHMED (China) Limited (HCM) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q1'21 | Q4'20 | Q3'20 |
|---|
| Cash from Operations | -36.45M | -36.45M | 20.16M | 20.16M | -19.92M | -19.92M | -3.57M | -3.57M | 113.2M | 113.2M | -89.37M | -89.37M | -44.93M | -44.93M | -66.45M | -66.45M | -48.96M | -22.36M | -16.84M | -16.84M |
| Operating CF Margin % | -26.25% | -26.25% | 12.43% | 12.43% | -13.03% | -13.03% | -2.34% | -2.34% | 42.49% | 42.49% | -79.67% | -79.67% | -44.47% | -44.47% | -66.86% | -66.86% | -64.59% | -27.41% | -27.79% | -27.79% |
| Operating CF Growth % | -83% | -83% | 664.44% | 664.44% | -117.59% | -117.59% | 96% | 96% | 351.95% | 351.95% | -34.49% | -34.49% | 8.24% | -100.97% | -294.49% | -294.49% | -83.94% | -1172.4% | 3.11% | 49.69% |
| Net Income | 227.48M | 227.48M | 5.96M | 5.96M | 12.9M | 12.9M | -33.89M | -33.89M | 84.28M | 84.28M | -98.99M | -98.99M | -81.43M | -81.43M | -46.13M | -46.13M | -61.51M | -39.85M | -38.02M | -38.02M |
| Depreciation & Amortization | 3.06M | 3.06M | 3.04M | 3.04M | 3.13M | 3.13M | 2.2M | 2.2M | 1.91M | 1.91M | 2.14M | 2.14M | 4.38M | 2.19M | 1.83M | 1.83M | 3.52M | 0 | 1.57M | 1.57M |
| Stock-Based Compensation | 3.85M | 3.85M | 5.15M | 5.15M | 5.66M | 5.66M | 11.4M | 11.4M | 6.89M | 6.89M | 7.6M | 7.6M | 7.69M | 7.69M | 11.82M | 11.82M | 12.46M | 5.89M | 6.34M | 6.34M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.37M | 7.37M | 8.25M | 8.25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -255.17M | -255.17M | 6.62M | 6.62M | -21.01M | -21.01M | -7.65M | -7.65M | 45.17M | 45.17M | -151.5K | -151.5K | 2.02M | 4.21M | -32.84M | -32.84M | -7.96M | 5.13M | 4.2M | 4.2M |
| Working Capital Changes | -15.65M | -15.65M | -613K | -613K | -20.59M | -20.59M | 24.36M | 24.36M | -32.42M | -32.42M | -8.22M | -8.22M | 22.41M | 22.41M | -1.13M | -1.13M | 4.52M | 6.47M | 9.06M | 9.06M |
| Change in Receivables | 4.3M | 4.3M | 667K | 667K | -19.94M | -19.94M | 5.01M | 5.01M | -15.67M | -15.67M | -10.42M | -10.42M | 3.2M | 3.2M | -12.35M | -12.35M | -4.71M | -6.53M | -744K | -744K |
| Change in Inventory | 1.05M | 1.05M | -2.2M | -2.2M | 1.82M | 1.82M | 660K | 660K | 1.41M | 1.41M | -5.43M | -5.43M | -5.18M | -5.18M | -5.17M | -5.17M | -5.61M | -64K | -2.4M | -2.4M |
| Change in Payables | 0 | 0 | 0 | 0 | 7.07M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.98M | 0 | 0 |
| Cash from Investing | 8.8M | 8.8M | -45.31M | -45.31M | -2.72M | -2.72M | 12.41M | 12.41M | -157.98M | -157.98M | 18.44M | 18.44M | 259.71M | 129.85M | 152.56M | -75.22M | -315.92M | 160.04M | 6.84M | 6.84M |
| Capital Expenditures | -4.63M | -4.63M | -3.91M | -3.91M | -5.05M | -5.05M | -4.13M | -4.13M | -12.18M | -12.18M | -10.46M | -10.46M | -15.75M | -7.88M | -3.74M | -3.74M | -2.86M | -6.41M | -1.95M | -1.95M |
| CapEx % of Revenue | 3.34% | 3.34% | 2.41% | 2.41% | 3.31% | 3.31% | 2.7% | 2.7% | 4.57% | 4.57% | 9.32% | 9.32% | 15.59% | 7.8% | 3.77% | 3.77% | 3.77% | 7.86% | 3.21% | 3.21% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.95M | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 13.43M | 13.43M | -41.4M | -41.4M | -1.91M | 2.34M | 16.54M | 16.54M | -145.8M | -145.8M | -134.56M | 28.9M | 137.73M | 137.73M | -5.21M | -71.47M | 15.91M | 930K | 8.79M | 8.79M |
| Cash from Financing | 4.66M | 4.66M | 947.5K | 947.5K | -16.28M | -16.28M | 21.41M | 21.41M | 2.92M | 2.92M | -766.62M | -4.06M | -37.32M | -37.32M | 35.85M | 35.85M | 605.08M | -26.75M | 100.05M | 100.05M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | -18.03M | -18.03M | 0 | 0 | -4.54M | -4.54M | 0 | 0 | -24.04M | -24.04M | -275.5K | -275.5K | 634.67M | -26.76M | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -87.44M | 0 | 0 | 0 | -99.74M | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | -18.03M | -18.03M | -195.59K | 0 | -4.54M | -4.54M | -1.78M | 0 | -24.04M | -24.04M | -275.5K | -275.5K | 0 | -26.76M | 0 | 0 |
| Other Financing | 4.66M | 4.66M | 947.5K | 947.5K | 1.75M | 1.75M | 21.41M | 21.41M | 7.45M | 7.45M | -679.19M | -4.06M | -13.28M | -13.28M | 135.87M | 36.12M | -29.59M | 11K | 100.05M | 100.05M |
| Net Change in Cash | 0 | 0 | 0 | -203.95M | 203.95M | -39.82M | 60.59M | -192.7M | -90.28M | -45.14M | -553.52M | -77.11M | 417.56M | 44.98M | 377.54M | -104.95M | 241.31M | 110.5M | 233.68M | 92.84M |
| Free Cash Flow | -41.08M | -41.08M | 16.25M | 16.25M | -24.97M | -24.97M | -7.7M | -7.7M | 101.02M | 101.02M | -99.83M | -99.83M | -105.61M | -52.81M | -70.2M | -70.2M | -51.82M | -28.77M | -18.79M | -18.79M |
| FCF Margin % | -29.59% | -29.59% | 10.02% | 10.02% | -16.34% | -16.34% | -5.05% | -5.05% | 37.92% | 37.92% | -88.99% | -88.99% | -104.54% | -52.27% | -70.63% | -70.63% | -68.36% | -35.27% | -31% | -31% |
| FCF Growth % | -64.52% | -64.52% | 311.09% | 311.09% | -124.72% | -124.72% | 92.29% | 92.29% | 195.65% | 291.31% | -42.21% | -42.21% | -103.81% | -83.56% | -273.57% | -273.57% | -81.25% | -648.39% | 7.6% | 46.69% |
| FCF per Share | -0.24 | -0.24 | 0.09 | 0.09 | -0.14 | -0.14 | -0.05 | -0.05 | 0.58 | 0.58 | -0.59 | -0.59 | -0.62 | -0.31 | -0.41 | -0.41 | -0.35 | -0.20 | -0.13 | -0.13 |
| FCF Conversion (FCF/Net Income) | -0.16x | -0.16x | 3.38x | 3.38x | -1.54x | -1.54x | 0.11x | 0.11x | 1.34x | 1.34x | 0.90x | 0.90x | 0.28x | 0.55x | 2.50x | 1.44x | 0.80x | 0.54x | 0.44x | 0.44x |
| Interest Paid | 0 | 0 | 1.25M | 1.25M | 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 |