← Here Group Ltd
| Annual Trend | 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 From Continuing Operations | — | ($233.4m) | ($108.7m) | $385.5m | — | |
| Net Income (Loss) Attributable to Parent | — | ($233.4m) | ($15.0m) | $53.0m | $50.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($233.4m) | ($18.1m) | $53.0m | $50.1m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | ($15.0m) | $53.0m | $49.8m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($16k) | — | ($302k) | |
| Amortization of Intangible Assets | $6.0m | $6.6m | — | $64k | $425k | |
| Depreciation | — | $4.0m | $512k | $626k | $769k | |
| Depreciation of property and equipment | $1.4m | $4.0m | $3.7m | $4.5m | $5.5m | |
| Amortization Cash Flow | — | $6.6m | $0 | $468k | — | |
| Amortization Of Intangibles | — | $6.6m | $0 | $468k | — | |
| Depreciation Amortization Depletion | — | $10.6m | $3.7m | $5.0m | — | |
| Deferred Income Tax Expense (Benefit) | — | — | ($287k) | $1.8m | $6.2m | |
| Deferred Other Tax Expense (Benefit) | — | — | ($2.1m) | $12.9m | $44.3m | |
| Deferred income tax (benefit)/expense | ($1.3m) | ($1.4m) | ($2.1m) | $12.9m | $44.3m | |
| Deferred Income Tax | — | ($1.4m) | ($2.1m) | $12.9m | — | |
| Deferred Tax | — | ($1.4m) | ($2.1m) | $12.9m | — | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | $3.8m | $2.9m | |
| Share-based Payment Arrangement, Expense | — | — | $26.4m | $27.8m | $20.5m | |
| Goodwill, Impairment Loss | — | — | — | $1.0m | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | $365k | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | $1.4m | — | |
| Share-based compensation | $101.8m | $291.4m | $191.6m | $27.8m | $20.5m | |
| Asset Impairment Charge | — | $0 | $0 | $10.0m | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | $124k | — | ($1k) | ($53k) | |
| Income (Loss) from Equity Method Investments | — | — | — | $2k | $194k | |
| Income Tax Expense (Benefit) | — | — | $3.0m | $4.3m | $15.8m | |
| Other Nonoperating Income (Expense) | — | — | $2.9m | $4.0m | $8.3m | |
| Share of profit from equity method investments, net of income tax | — | — | — | ($2k) | ($1.4m) | |
| Operating lease right-of-use assets | ($8.9m) | ($14.6m) | ($60.1m) | $25.3m | $41.4m | |
| Operating lease liabilities, current portion | $6.6m | $9.2m | $24.8m | $7.9m | ($33.7m) | |
| Operating lease liabilities, non-current portion | $1.9m | $4.6m | $46.3m | ($35.9m) | ($11.1m) | |
| Earnings (Loss)es From Equity Investments | — | $0 | $0 | ($2k) | — | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | — | — | — | — | $1 | |
| Changes in operating assets and liabilities: | ||||||
| Additional Financial Items | ||||||
| Increase (Decrease) in Accounts Receivable | — | — | $1.4m | $602k | $898k | |
| Increase (Decrease) in Inventories | — | — | — | $873k | $1.7m | |
| Increase (Decrease) in Accounts Payable | — | — | $2.3m | ($4k) | ($3.7m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | ($6k) | ($7k) | $174k | |
| Proceeds from Stock Options Exercised | — | — | — | $339k | $1.1m | |
| Accrued capital expenditures | — | — | $794k | $501k | $432k | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | — | — | $24.9m | |
| General and Administrative Expense | — | — | $24.2m | $17.3m | $16.1m | |
| Goodwill | — | — | — | $7.4m | $26.2m | |
| Inventory Write-down | — | — | — | — | $1.5m | |
| Investment Income, Interest | — | — | $735k | $1.4m | $698k | |
| Nonoperating Income (Expense) | — | — | — | $29.0m | $59.5m | |
| Operating Expenses | — | — | $386.6m | $394.6m | $254.8m | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | ($46k) | — | — | |
| Realized Investment Gains (Losses) | — | — | — | $2.2m | $2.6m | |
| Unrealized Gain (Loss) on Investments | — | — | $6k | $337k | $743k | |
| Net (loss)/income | ($316.0m) | ($233.4m) | ($108.7m) | $385.5m | $356.6m | |
| Fair value changes of short-term investments | ($629k) | ($3k) | ($40k) | ($2.4m) | ($5.3m) | |
| (Reversal)/provision of allowance for expected credit losses | $442k | ($239k) | ($46k) | ($48k) | $1.2m | |
| Realized gains from short-term investments | ($1.8m) | ($4.9m) | ($9.2m) | ($16.0m) | ($18.8m) | |
| Accounts receivable | ($98.9m) | $55.4m | ($10.3m) | ($4.4m) | ($6.4m) | |
| Amounts due from related parties | — | ($23.2m) | ($6.1m) | $24.6m | $3.4m | |
| Prepayments and other current assets | ($96.8m) | ($4.5m) | ($21.1m) | ($67.6m) | $36.3m | |
| Accounts payables | $62.1m | $2.6m | $16.9m | ($28k) | ($26.6m) | |
| Accrued expenses and other current liabilities | $54.5m | $61.0m | $62.4m | $14.1m | ($51.6m) | |
| Income tax payable | $2.3m | $5.0m | $1.5m | $11.6m | $11.0m | |
| Contract liabilities | $253.6m | $99.5m | $123.6m | ($124.6m) | ($123.0m) | |
| Advance from customers | $119.0m | $17.9m | ($6.7m) | $15.4m | ($50.7m) | |
| Inventory, net | — | — | — | ($6.3m) | ($11.8m) | |
| Other non-current assets | ($6.1m) | ($2.5m) | ($10.9m) | ($64k) | $16.6m | |
| Proceeds from short-term investments | $405.6m | $873.7m | $2.9b | $5.0b | $6.0b | |
| Purchase of intangible assets | ($29.8m) | — | — | — | ($65k) | |
| Investment income from short-term investments | — | $4.9m | $9.2m | $16.0m | $19.9m | |
| Collection of consideration from prior year disposal of subsidiaries | — | $14.1m | $2.0m | — | — | |
| Loan provided to related parties | ($2.4m) | ($129.4m) | ($2.2m) | — | ($113k) | |
| Loan repaid by related parties | $3.0m | $109.4m | $24.6m | — | — | |
| Repurchase of ADSs | — | — | — | ($130.4m) | ($25.8m) | |
| Proceeds from exercise of share options | — | — | — | $2.5m | $7.7m | |
| Accretion of the Company’s preferred shares | — | ($3.0m) | ($22.4m) | — | — | |
| Beginning Cash Position | — | $25.1m | $266.4m | $764.3m | — | |
| Cash Flow From Continuing Financing Activities | — | $71.6m | $247.7m | ($130.2m) | — | |
| Cash Flow From Continuing Investing Activities | — | ($108.6m) | $201k | ($132.8m) | — | |
| Change In Account Payable | — | $2.6m | $16.9m | ($28k) | — | |
| Change In Accrued Expense | — | $61.0m | $62.4m | $14.1m | — | |
| Change In Income Tax Payable | — | $5.0m | $1.5m | $11.6m | — | |
| Change In Inventory | — | $0 | $0 | ($6.3m) | — | |
| Change In Other Current Assets | — | ($17.1m) | ($71.0m) | $25.2m | — | |
| Change In Other Current Liabilities | — | $13.8m | $71.0m | ($28.0m) | — | |
| Change In Other Working Capital | — | $117.4m | $116.9m | ($109.2m) | — | |
| Change In Payable | — | $7.7m | $18.4m | $11.6m | — | |
| Change In Payables And Accrued Expense | — | $68.7m | $80.8m | $25.7m | — | |
| Change In Prepaid Assets | — | ($4.5m) | ($21.1m) | ($67.6m) | — | |
| Change In Receivables | — | $32.1m | ($16.4m) | $20.3m | — | |
| Change In Tax Payable | — | $5.0m | $1.5m | $11.6m | — | |
| Change In Working Capital | — | $210.5m | $160.3m | ($140.0m) | — | |
| Changes In Account Receivables | — | $55.4m | ($10.3m) | ($4.4m) | — | |
| Changes In Cash | — | $235.7m | $483.5m | $19.7m | — | |
| End Cash Position | — | $266.4m | $764.3m | $780.1m | — | |
| Financing Cash Flow | — | $71.6m | $247.7m | ($130.2m) | — | |
| Free Cash Flow | — | $268.1m | $229.9m | $279.1m | — | |
| Gain Loss On Investment Securities | — | ($4.9m) | ($9.2m) | ($16.0m) | — | |
| Gain Loss On Sale Of PPE | — | $124k | $0 | $10k | — | |
| Investing Cash Flow | — | ($108.6m) | $201k | ($132.8m) | — | |
| Issuance Of Capital Stock | — | $0 | $245.4m | $0 | — | |
| Net Business Purchase And Sale | — | $14.1m | $2.0m | ($2.0m) | — | |
| Net Intangibles Purchase And Sale | — | $0 | $0 | — | — | |
| Net PPE Purchase And Sale | — | ($4.6m) | ($5.8m) | ($3.6m) | — | |
| Operating Gains Losses | — | ($4.8m) | ($9.2m) | ($16.0m) | — | |
| Proceeds From Stock Option Exercised | — | $0 | $0 | $2.5m | — | |
| Provisionand Write Offof Assets | — | ($239k) | ($46k) | ($48k) | — | |
| Purchase Of Business | — | $0 | $0 | ($2.0m) | — | |
| Purchase Of Intangibles | — | $0 | $0 | — | — | |
| Purchase Of PPE | — | ($4.6m) | ($5.8m) | ($3.6m) | — | |
| Repurchase Of Capital Stock | — | $0 | $0 | ($130.4m) | — | |
| Sale Of Business | — | $14.1m | $2.0m | $0 | — | |
| Sale Of PPE | — | $0 | $0 | $4k | — | |
| Stock Based Compensation | — | $291.4m | $191.6m | $27.8m | — | |
| Unrealized Gain Loss On Investment Securities | — | ($3k) | ($40k) | ($2.4m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $79.4m | $272.6m | $32.5m | $38.9m | $25.7m | |
| Cash flows from investing activities: | ||||||
| Payments to Acquire Property, Plant, and Equipment | ($5.8m) | ($4.6m) | $794k | $501k | $432k | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $275k | $14.9m | |
| Cash paid for business combination, net of cash and cash equivalents acquired | — | — | — | ($2.0m) | ($106.8m) | |
| Purchase of short-term investments | ($434.6m) | ($976.7m) | ($2.9b) | ($5.2b) | ($5.9b) | |
| Purchase of other long-term investments | — | — | — | ($6.6m) | ($20.0m) | |
| Net Investment Purchase And Sale | — | ($103.0m) | ($18.4m) | ($127.2m) | — | |
| Purchase Of Investment | — | ($976.7m) | ($2.9b) | ($5.2b) | — | |
| Sale Of Investment | — | $873.7m | $2.9b | $5.0b | — | |
| Net Other Investing Changes | — | ($15.1m) | $22.4m | $16.0m | — | |
| Net cash provided/ (used in) by investing activities | ($62.4m) | ($108.6m) | $201k | ($132.8m) | ($6.4m) | |
| Net Cash Provided by (Used in) Investing Activities | — | — | $28k | ($18.3m) | ($896k) | |
| Cash flows from financing activities: | ||||||
| Issuance Of Debt | — | $122.8m | $0 | $0 | — | |
| Long Term Debt Issuance | — | $122.8m | $0 | $0 | — | |
| Net Issuance Payments Of Debt | — | ($23.3m) | $0 | $0 | — | |
| Net Long Term Debt Issuance | — | ($23.3m) | $0 | $0 | — | |
| Long Term Debt Payments | — | ($146.2m) | $0 | $0 | — | |
| Repayment Of Debt | — | ($146.2m) | $0 | $0 | — | |
| Proceeds from Issuance of Common Stock | — | — | $15.9m | $15.9m | $15.9m | |
| Common Stock Issuance | — | $0 | $245.4m | $0 | — | |
| Net Common Stock Issuance | — | $0 | $245.4m | ($130.4m) | — | |
| Payments for Repurchase of Common Stock | — | — | — | $20.0m | $20k | |
| Common Stock Payments | — | $0 | $0 | ($130.4m) | — | |
| Proceeds from Noncontrolling Interests | — | — | $310k | — | $100k | |
| Proceeds from (Payments to) Noncontrolling Interests | — | — | — | ($310k) | — | |
| Acquisition of noncontrolling interest of subsidiaries | — | — | — | ($2.2m) | ($7.9m) | |
| Dividends paid | — | — | — | — | $11 | |
| Payments of Dividends | — | — | — | — | $11 | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | $155k | |
| Net Other Financing Charges | — | $95.0m | $2.2m | ($2.2m) | — | |
| Net Cash Provided by (Used in) Financing Activities | — | $71.6m | $34.2m | ($17.9m) | ($14.7m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $2.0m | ($541k) | ($99k) | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | $5.6m | $14.3m | ($3.9m) | ($707k) | |
| Effect Of Exchange Rate Changes | — | $5.6m | $14.3m | ($3.9m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $68.7m | $2.2m | $9.9m | |
| Net increase in cash, cash equivalents and restricted cash | ($4.0m) | $241.3m | $497.9m | $15.8m | $71.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $105.4m | $107.3m | $118.8m | |
| Cash, Cash Equivalents, and Short-term Investments | — | — | $625.7m | — | $873.0m | |
| Cash and cash equivalents at beginning of the year | $25.1m | $266.4m | $764.3m | $780.1m | $779.9m | |
| Restricted cash at beginning of the year | $27k | — | — | $160k | $21.1m | |
| Cash and cash equivalents at end of the year | $25.1m | $266.4m | $764.3m | $779.9m | $830.2m | |
| Supplemental disclosure of cash flow information: | ||||||
| Change In Cash Supplemental As Reported | — | $241.3m | $497.9m | $15.8m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $2.2m | ($2.2m) | $7k | |
| Cash paid for income tax | — | ($14.8m) | ($22.3m) | ($6.9m) | ($57.6m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.