← Futu Holdings Ltd
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Net Income (Loss) Attributable to Parent | ($8.1m) |
$138.5m
+1809.60%
|
$21.3m
-84.65%
|
$171.0m
+703.87%
|
$360.3m
+110.75%
|
$375.2m
+4.13%
|
$548.1m
+46.10%
|
$700.7m
+27.84%
|
$1.5b
+107.88%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | ($8.1m) |
$36.9m
+555.91%
|
$18.4m
-50.25%
|
$171.0m
+830.24%
|
$360.3m
+110.75%
|
$2.9b
+712.36%
|
$4.3b
+46.28%
|
$5.4b
+27.13%
|
$11.3b
+108.30%
|
|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $138.5m | $21.3m | $171.0m | $360.3m | $375.2m | $547.8m | $699.4m | $1.5b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | ($7k) | ($323k) | ($1.3m) | ($4.6m) | |
| Depreciation, Depletion and Amortization | $4.3m | $8.3m | $2.1m | $3.5m | $4.7m | $7.0m | $7.8m | $9.0m | $9.3m | |
| Amortization of Intangible Assets | — | $315k | $900k | $1.4m | $2.3m | $6.7m | $17.1m | $20.6m | — | |
| Depreciation | $4.3m | $8.0m | $15.6m | $25.8m | $34.1m | $48.0m | $43.7m | $49.4m | $72.3m | |
| Amortization of right-of-use assets | — | — | $49.6m | $52.5m | $83.7m | $94.9m | $110.4m | $105.6m | $150.7m | |
| Depreciation, Amortization and Accretion, Net | $4.3m | $8.3m | $16.5m | $27.2m | $36.4m | $54.7m | $60.8m | $69.9m | $72.3m | |
| Deferred Income Tax Expense (Benefit) | — | $15.5m | ($1.6m) | ($13.1m) | ($21.4m) | ($52.1m) | ($14.8m) | ($18.0m) | ($10.1m) | |
| Deferred income tax benefit | — | — | ($1.6m) | ($13.1m) | ($21.4m) | ($52.1m) | ($14.8m) | ($18.0m) | ($79.0m) | |
| Share-based Payment Arrangement, Expense | — | $10.4m | $2.0m | $4.2m | $12.7m | $26.2m | $37.2m | $43.1m | $44.1m | |
| Share-based compensation | $9.8m | $10.4m | $16.0m | $32.6m | $98.9m | $204.5m | $290.8m | $334.9m | $343.0m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | $759k | — | $0 | $0 | $0 | $0 | |
| Income (Loss) from Equity Method Investments | — | — | ($70k) | ($40k) | — | ($2.3m) | ($1.7m) | ($13.4m) | ($6.6m) | |
| Other Nonoperating Income (Expense) | — | ($8.0m) | ($1.2m) | ($2.2m) | $318k | ($27.0m) | $4.3m | ($11.1m) | ($47.2m) | |
| Share of loss from equity method investments | — | — | $543k | $307k | $0 | $17.8m | $13.5m | $103.9m | $51.6m | |
| Changes in operating assets and liabilities: | ||||||||||
| Net decrease/(increase) in accounts receivable from clients and brokers | $477.4m | ($221.1m) | ($927.3m) | ($5.0b) | ($1.8b) | $1.9b | $945.7m | ($12.3b) | ($1.5b) | |
| Net (increase)/decrease in accounts receivable from clearing organizations | ($46.3m) | ($120.1m) | ($128.1m) | ($939.8m) | ($717.2m) | ($1.1b) | ($1.2b) | $967.7m | ($2.2b) | |
| Net increase in accounts receivable from fund management companies and fund distributors | — | — | — | ($297.6m) | $225.3m | ($6.7m) | ($72.6m) | ($1.1b) | ($786.6m) | |
| Net (decrease)/ increase in accounts payable to clients and brokers | $4.1b | $5.0b | $3.7b | $33.7b | $16.1b | $2.3b | ($4.6b) | $51.7b | $44.9b | |
| Net (decrease)/ increase in accounts payable to clearing organizations | $72.4m | ($82.9m) | — | $324.3m | $69.5m | ($341.9m) | ($27.8m) | $479.3m | $247.6m | |
| Net increase in accounts payable to fund management companies and fund distributors | — | — | $26.4m | $101.1m | ($70.8m) | $34.1m | $84.8m | $331.5m | $769.2m | |
| Increase (Decrease) in Other Operating Assets | — | $89.5m | ($2.7m) | $20.2m | $13.5m | $57.2m | $36.8m | $121.2m | $136.6m | |
| Net increase in other assets | ($19.2m) | ($89.5m) | $20.9m | ($156.2m) | ($105.1m) | ($445.9m) | ($287.5m) | ($941.3m) | ($1.1b) | |
| Net (decrease)/increase in other liabilities | $11.6m | $72.0m | $105.8m | $271.9m | $1.2b | ($843.3m) | ($50.7m) | $724.7m | $767.1m | |
| Net Cash Provided by (Used in) Operating Activities | $1.9b |
$4.5b
+140.94%
|
$252.8m
-94.34%
|
$2.6b
+943.53%
|
$770.8m
-70.79%
|
$445.4m
-42.21%
|
($811.4m)
-282.16%
|
$4.0b
+591.82%
|
$5.2b
+31.33%
|
|
| Cash flows from investing activities: | ||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $20k | $4k | $9k | — | — | — | — | ($4.0m) | ($1.7m) | |
| Purchase of property and equipment and intangible assets | ($7.4m) | ($18.8m) | ($118.3m) | ($44.6m) | ($70.5m) | ($90.5m) | ($77.8m) | ($167.5m) | ($54.7m) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | $83k | $91k | $86k | — | $3.0m | $8.7m | — | — | |
| Realized gain from investments | — | — | — | — | — | ($23.1m) | ($68.3m) | ($99.9m) | ($78.5m) | |
| Unrealized (gains)/ losses from investments | — | — | — | — | — | ($1.7m) | ($59.0m) | $81.4m | ($243.0m) | |
| Purchase of short-term investments | — | — | ($285.8m) | ($206.8m) | ($1.2b) | ($4.1b) | ($4.8b) | ($796.4m) | ($3.3b) | |
| Proceeds from disposal of short-term investments | — | — | $250.1m | $306.6m | — | $4.6b | $2.4b | $1.5b | $1.5b | |
| Acquisition of long-term investments | — | — | ($6.7m) | $0 | ($23.4m) | ($235.4m) | ($11.8m) | ($440.0m) | ($381.3m) | |
| Cash (paid)/acquired for acquisitions, net of cash acquired | — | — | — | — | — | ($109.5m) | ($17.5m) | ($1.7m) | $476.7m | |
| Net cash (used in)/ generated from investing activities | ($5.1m) | ($78.1m) | ($160.1m) | ($244.2m) | ($963.6m) | $93.9m | ($2.4b) | $103.9m | ($1.8b) | |
| Net Cash Provided by (Used in) Investing Activities | — | ($78.1m) | ($20.5m) | ($31.5m) | ($123.5m) | $12.0m | ($312.9m) | $13.4m | ($229.1m) | |
| Cash flows from financing activities: | ||||||||||
| Proceeds from other borrowings | — | — | $6.8b | $23.8b | $53.5b | $70.8b | $79.6b | $85.5b | $197.4b | |
| Repayment of other borrowings | — | — | ($6.9b) | ($20.1b) | ($52.3b) | ($74.7b) | ($76.4b) | ($85.5b) | ($190.9b) | |
| Payments for Repurchase of Common Stock | — | — | — | — | $151.1m | $403.2m | $112.0m | — | — | |
| Proceeds from Issuance of Common Stock | — | — | — | $301.8m | $1.4b | — | — | — | — | |
| Dividends paid | — | — | — | — | — | — | — | — | $276 | |
| Payments of Dividends | — | — | — | — | — | — | — | — | $276 | |
| Dividends Payable, Current | — | — | — | — | — | — | — | $2k | — | |
| Net cash generated from financing activities | $2.2b |
$35.7m
-98.34%
|
$1.2b
+3126.74%
|
$8.4b
+630.00%
|
$10.6b
+25.54%
|
($7.0b)
-166.41%
|
$2.3b
+132.93%
|
$70.9m
-96.93%
|
$4.3b
+5964.53%
|
|
| Net Cash Provided by (Used in) Financing Activities | — | $35.7m |
$147.8m
+314.25%
|
$1.1b
+633.41%
|
$1.4b
+24.80%
|
($898.5m)
-166.40%
|
$295.5m
+132.89%
|
$9.1m
-96.91%
|
$552.1m
+5952.53%
|
|
| Net (decrease)/ increase in cash, cash equivalents and restricted cash | $4.0b | $4.4b | $2.9b | $28.6b | $15.8b | ($3.6b) | ($6.4b) | $31.0b | $43.5b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $4.4b | $374.4m | $3.7b | $2.0b | ($458.4m) | ($820.3m) | $4.0b | $5.6b | |
| Cash, cash equivalents and restricted cash at beginning of the year | $7.6b | $12.0b | $14.9b | $43.5b | $59.3b | $55.7b | $49.3b | $80.3b | $123.9b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $1.5b | $1.9b | $5.6b | $7.6b | $7.1b | $6.3b | $10.3b | $15.9b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $7.5m | ($5.7m) | ($144k) | $21.4m | — | — | — | — | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $21.6m | $7.5m | ($44.7m) | ($1.1m) | $167.1m | ($135.2m) | $66.4m | ($149.9m) | $235.9m | |
| Restricted cash | — | — | — | — | $2.1m | $1.2m | $1.2m | $1.1m | $2.5m | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | ($20.3m) | $95.3m | $11.5m | $23.4m | $47.1m | $38.2m | $112.2m | $202.7m | $230.3m | |
| Income Taxes Paid, Net | ($8.7m) | $18.7m | $1.9m | $2.1m | $13.2m | $89.1m | $89.5m | $98.1m | $211.5m | |
| Additional Financial Items | ||||||||||
| Financing Interest Expense | — | — | — | — | — | — | — | $208.2m | $225.8m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $7.5m | ($968k) | ($1.5m) | $17.7m | ($17.1m) | $8.5m | ($19.4m) | $30.2m | |
| General and Administrative Expense | — | $103.8m | $21.2m | $32.0m | $67.8m | $119.4m | $168.2m | $208.6m | $248.6m | |
| Goodwill | — | — | — | — | — | — | — | — | $110.2m | |
| Income Tax Expense (Benefit) | — | $62.3m | $1.6m | $16.1m | $48.1m | $53.1m | $95.8m | $128.5m | $303.2m | |
| Operating Expenses | — | $353.0m | $76.0m | $147.9m | $349.6m | $390.8m | $443.6m | $582.3m | $748.3m | |
| Operating Lease, Expense | — | — | — | — | — | — | $157.9m | $175.8m | $211.4m | |
| Payments of Financing Costs | — | — | — | — | $2.2m | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | $124k | $2.2m | $3.0m | $2.1m | $1.5m | $2.6m | $1.0m | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | $1.2m | $410k | $2.0m | $2.3m | $5.1m | $34.7m | |
| Expected credit loss expenses | — | — | — | $9.1m | $3.2m | $15.6m | $18.1m | $39.6m | $270.3m | |
| Foreign exchange (gains)/losses | ($21.6m) | ($7.5m) | $7.5m | $11.5m | ($138.2m) | $133.1m | ($66.0m) | $150.4m | ($234.9m) | |
| Net (increase)/decrease in amounts due from related parties | ($5.5m) | $6.5m | — | — | — | — | — | ($61.2m) | $54.4m | |
| Net increase in securities purchased under agreements to resell | — | — | — | — | ($106.2m) | $74.2m | ($101.0m) | ($183.3m) | ($191.5m) | |
| Net increase in loans and advances | ($2.8b) | ($178.9m) | ($1.1b) | ($14.6b) | ($10.8b) | $2.9b | ($5.9b) | ($17.2b) | ($13.9b) | |
| Net decrease/(increase) in interest receivable | ($6.0m) | ($42.4m) | $32.5m | ($3.0m) | ($31.0m) | ($199.7m) | $9.7m | ($314.2m) | ($225.1m) | |
| Net (increase)/decrease in prepaid assets | $1.3m | ($5.2m) | ($3.7m) | $1.0m | ($6.7m) | ($8.9m) | ($9.9m) | ($19.5m) | $8.6m | |
| Net increase/(decrease) in amounts due to related parties | $8.2m | ($6.1m) | $25.0m | $83.4m | ($38.0m) | $3.7m | $17.6m | $10.1m | ($11.9m) | |
| Net increase in payroll and welfare payable | $22.8m | $17.1m | $34.0m | $217.2m | $214.0m | $337.2m | $307.2m | $116.2m | $526.1m | |
| Net increase/(decrease) in interest payable | ($415k) | $339k | ($1.9m) | $5.0m | $9.9m | ($5.5m) | $34.2m | $42.9m | ($35.0m) | |
| Net decrease in operating lease liabilities | — | — | ($38.7m) | ($38.1m) | ($79.5m) | ($93.1m) | ($107.5m) | ($88.7m) | ($139.7m) | |
| Net increase in securities sold under agreements to repurchase | — | — | $1.6m | $5.5b | ($985.2m) | ($4.5b) | — | $2.6b | $2.2b | |
| Placement of term deposits | — | — | — | ($300.0m) | — | — | ($29.3m) | — | — | |
| Maturity of term deposits | — | — | — | — | $300.0m | — | $29.9m | — | $5.0m | |
| Proceeds from public offering, net of issuance costs | — | — | $1.3b | $2.3b | $10.9b | — | — | — | — | |
| Proceeds from exercise of employee share options | — | — | $969k | $16.8m | $23.5m | $16.3m | $11.6m | $20.2m | $7.9m | |
| Purchase of treasury stocks | — | — | — | — | ($1.2b) | ($3.1b) | ($874.7m) | — | — | |
| Cash and cash equivalents | $375.3m | $215.6m | $362.6m | $1.0b | $4.6b | $5.0b | $4.9b | $11.7b | $10.5b | |
| Cash held on behalf of clients | $7.2b | $11.8b | $14.5b | $42.5b | $54.7b | $50.7b | $44.4b | $68.6b | $113.4b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.