H World Group Limited
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $726.0M | $418.0M | $575.0M | $-264.0M | $-73.0M | $-336.0M | $254.0M | $104.0M |
| Depreciation & Amortization | $180.0M | $183.0M | $199.0M | $211.0M | $236.0M | $208.0M | $142.0M | $130.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $60.0M | $44.0M | $20.0M | $13.0M | $17.0M | $19.0M | $15.0M | $12.0M |
| Net Cash from Operating Activities | $1.20B | $1.03B | $1.08B | $227.0M | $210.0M | $93.0M | $473.0M | $444.0M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | $0 | $8.0M | $116.0M | $775.0M | $35.0M | $72.0M |
| Net Cash from Investing Activities | $-149.0M | $-307.0M | $-207.0M | $-76.0M | $-219.0M | $-1.24B | $-41.0M | $-923.0M |
| Financing Activities | ||||||||
| Dividends Paid | $559.0M | $477.0M | — | $60.0M | — | $104.0M | $95.0M | — |
| Stock Repurchases | $112.0M | $161.0M | $119.0M | $48.0M | $0 | — | — | — |
| Net Cash from Financing Activities | $-616.0M | $-754.0M | $-523.0M | $-201.0M | $-283.0M | $134.0M | $868.0M | $618.0M |
| Net Change in Cash | $429.0M | $-27.0M | $372.0M | $-7.0M | $-306.0M | $-1.06B | $1.31B | $136.0M |
| Free Cash Flow | — | — | — | — | — | — | — | — |