← H World Group Ltd

Annual Trend FY 2016 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 $115.9m $190.2m $104.0m $254.0m ($336.0m) ($73.0m) ($264.0m) $575.0m $418.0m $726.0m
Net Income (Loss) Available to Common Stockholders, Basic $804.6m $1.2b $716.0m $1.8b ($2.2b) ($465.0m) ($1.8b) $4.1b $3.0b $5.1b
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $114.7m $190.1m $106.0m $253.0m ($338.0m) ($75.0m) ($268.0m) $582.0m $425.0m $731.0m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — ($268.0m) $582.0m $425.0m $731.0m
Net Income (Loss) Attributable to Noncontrolling Interest ($1.2m) ($86k) $2.0m ($1.0m) ($2.0m) ($2.0m) ($4.0m) $7.0m $7.0m $5.0m
Depreciation, Depletion and Amortization $100.1m $121.3m $130.0m $142.0m $208.0m $236.0m $211.0m $199.0m $183.0m $180.0m
Amortization of Debt Issuance Costs — $399k $4.0m $4.0m $13.0m $9.0m $8.0m $5.0m $0 —
Depreciation, Depletion and Amortization $100.1m $121.3m $130.0m $142.0m $208.0m $236.0m $211.0m $199.0m $183.0m $180.0m
Amortization of Intangible Assets $17.2m $31.0m $39.0m $16.0m $62.0m $65.0m $45.0m $45.0m $39.0m $38.0m
Depreciation $673.8m $753.0m $847.0m $967.0m $1.2b $1.4b $1.3b $1.3b $1.2b $1.1b
Amortization of issuance cost of convertible senior notes and upfront fee on bank borrowings — $2.6m $28.0m $28.0m $83.0m $60.0m $57.0m $34.0m $5.0m —
Deferred Income Tax Expense (Benefit) $4.8m ($11.7m) ($13.0m) ($5.0m) ($84.0m) ($85.0m) ($39.0m) $4.0m $15.0m $21.0m
Deferred income taxes $33.4m ($76.2m) ($91.0m) ($38.0m) ($553.0m) ($543.0m) ($268.0m) $29.0m $113.0m $147.0m
Share-based Payment Arrangement, Noncash Expense $8.0m $10.2m $12.0m $15.0m $19.0m $17.0m $13.0m $20.0m $44.0m $60.0m
Share-based Payment Arrangement, Expense $55.4m $66.4m $83.0m $110.0m $122.0m $109.0m $87.0m $143.0m $322.0m $420.0m
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — — — $0 $7.0m — — —
Goodwill, Impairment Loss $0 $0 — — $67.0m $0 — $1.0m $0 $0
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — — $166.0m $391.0m $2.0m
Impairment of Intangible Assets, Finite-lived — — — — — $245.0m — — — —
Operating Lease, Impairment Loss — — — — $139.0m $48.0m — — — —
Share-based compensation $55.4m $66.4m $83.0m $110.0m $122.0m $109.0m $87.0m $143.0m $322.0m $420.0m
Impairment loss $153.7m $169.2m $35.0m $13.0m $709.0m $380.0m $491.0m $516.0m $537.0m $242.0m
Income (Loss) from Equity Method Investments $886k ($1.8m) ($14.0m) ($24.0m) ($21.0m) ($9.0m) ($5.0m) ($2.0m) ($6.0m) ($4.0m)
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($1.3m) ($2.0m) $0 $1.0m $0 $2.0m $1.0m — — —
Income Tax Expense (Benefit) $41.4m $55.3m $83.0m $92.0m ($33.0m) $2.0m $30.0m $168.0m $228.0m $309.0m
Interest Expense Nonoperating — — — — — — — — $44.0m $48.0m
Other Nonoperating Income (Expense) $19.3m $25.2m $30.0m $48.0m ($14.0m) $25.0m $1.0m $81.0m $7.0m $5.0m
Loss from equity method investments, net of dividends ($6) $12 $157 $213 $145 $60 $85 $72 $97 $81
Operating lease liabilities — — — ($2.0b) ($1.6b) ($2.1b) ($1.6b) ($2.5b) ($2.5b) ($2.4b)
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions — — ($23) ($31) ($22) ($9) ($12) ($10) ($13) ($12)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $6.7m ($647k) $5.0m $5.0m ($5.0m) $18.0m $90.0m ($42.0m) $13.0m ($17.0m)
Increase (Decrease) in Inventories ($565k) ($425k) $2.0m $2.0m $0 $0 ($3.0m) — — —
Increase (Decrease) in Accounts Payable $8.5m $1.3m $2.0m — — — — — — —
Accounts Receivable, Credit Loss Expense (Reversal) $156k $376k $1.0m $3.0m $10.0m $16.0m $12.0m $13.0m $0 ($3.0m)
Proceeds from Stock Options Exercised $1.8m $1.4m $2.0m $2.0m $0 $0 — — — $5.0m
Payments of Financing Costs — $1.5m — — $1.0m — $1.0m — — —
Accretion Expense — — — — $4.0m $1.0m $2.0m — — —
Equity Securities, FV-NI, Gain (Loss) — — — — — — ($52.0m) $15.0m ($9.0m) ($1.0m)
Equity Securities, FV-NI, Unrealized Gain (Loss) — — ($133.0m) $44.0m ($42.0m) ($15.0m) — — — —
Foreign Currency Transaction Gain (Loss), before Tax $2.4m ($2.8m) ($21.0m) ($5.0m) $27.0m ($50.0m) ($93.0m) $13.0m ($37.0m) $81.0m
Gain (Loss) on Investments $16.8m $24.6m ($147.0m) $68.0m ($17.0m) ($11.0m) ($47.0m) $113.0m $2.0m $14.0m
General and Administrative Expense $70.9m $106.2m $124.0m $152.0m $193.0m $242.0m $243.0m $294.0m $344.0m $321.0m
Goodwill $24.7m $348.1m $383.0m $382.0m $764.0m $805.0m $753.0m $749.0m $715.0m $776.0m
Investment Income, Interest $9.7m $17.3m $21.0m — — — — — — —
Revenue from Contract with Customer, Including Assessed Tax — — $1.5b — — — — — — —
Credit loss $1.1m $2.4m $10.0m $21.0m $65.0m $105.0m $82.0m $89.0m $3.0m ($18.0m)
Foreign currency exchange (gain) loss — — — — ($176.0m) $255.0m $341.0m ($119.0m) $263.0m ($566.0m)
Investment income ($116.8m) ($160.0m) $1.0b ($477.0m) $108.0m $67.0m $321.0m ($806.0m) ($13.0m) ($98.0m)
Noncash lease expense — — — $2.2b $2.1b $2.3b $2.3b $2.2b $2.3b $2.2b
Others — — — — — ($10.0m) ($54.0m) $48.0m $23.0m ($131.0m)
Accounts receivable ($46.2m) $4.2m ($36.0m) ($34.0m) $35.0m ($113.0m) ($621.0m) $296.0m ($95.0m) $117.0m
Salary and welfare payables $60.7m $133.1m $91.0m ($28.0m) ($46.0m) $72.0m $63.0m $402.0m $121.0m ($38.0m)
Deferred revenue $19.5m $4.0m $114.0m $279.0m ($52.0m) $224.0m ($19.0m) $576.0m $467.0m $231.0m
Accrued expenses and other current liabilities $202.4m $288.2m $140.0m $408.0m $445.0m ($439.0m) $507.0m $1.1b $752.0m $936.0m
Income tax payable $64.1m $44.7m $48.0m ($35.0m) $94.0m $83.0m $82.0m $62.0m $251.0m $378.0m
Other long-term liabilities $51.1m $50.8m $71.0m $116.0m $41.0m $122.0m $20.0m $84.0m $382.0m $435.0m
Others, net — — — — — $23.0m ($15.0m) ($51.0m) ($4.0m) $21.0m
Purchases of property and equipment $453.3m $612.5m $688.0m $963.0m $736.0m $486.0m $652.0m $477.0m $437.0m $336.0m
Purchases of intangible asset ($13.6m) ($7.9m) ($4.0m) ($5.0m) ($28.0m) ($17.0m) ($4.0m) ($7.0m) ($15.0m) ($10.0m)
Origination of loan receivables ($36.4m) ($445.9m) ($313.0m) ($454.0m) ($130.0m) ($176.0m) ($175.0m) ($226.0m) ($178.0m) ($69.0m)
Collection of loan receivables $45.9m $55.7m $433.0m $258.0m $167.0m $162.0m $212.0m $137.0m $217.0m $153.0m
Proceeds from issuance of ordinary shares — — — — $6.0b — — $2.0b — —
Net proceeds from issuance of ordinary shares upon exercise of options $12.2m $9.1m $14.0m $14.0m $1.0m $1.0m — $0 $0 $38.0m
Payment of repurchases of ordinary shares — — — — — $0 ($334.0m) ($848.0m) ($1.2b) ($783.0m)
Proceeds from long-term finance liabilities — — — — $83.0m $38.0m $55.0m $74.0m $72.0m $28.0m
Repayment of long-term finance liabilities — — — — ($42.0m) ($46.0m) ($49.0m) ($66.0m) ($73.0m) ($66.0m)
Principal payments of finance lease — — — — ($23.0m) ($28.0m) ($40.0m) ($82.0m) ($65.0m) ($57.0m)
Other Operating Income (Expense), Net ($2.5m) $10.9m $32.0m $19.0m $74.0m $155.0m $79.0m $57.0m $49.0m $69.0m
Net Cash Provided by (Used in) Operating Activities $2.0b $377.0m $444.0m $473.0m $93.0m $210.0m $227.0m $1.1b $1.0b $1.2b
Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash Acquired ($18.9m) $575.7m $72.0m $35.0m $775.0m $116.0m $8.0m $0 — —
Purchases of investments — — — — ($1.7b) ($521.0m) ($401.0m) ($3.5b) ($4.0b) ($8.1b)
Gain (Loss) on Sale of Investments — — — — — — — — $10.0m —
Proceeds from maturity/sale and return of investments $14.8m $128.2m $177.0m $2.0b $396.0m $1.5b $937.0m $3.0b $2.6b $7.8b
Payments for (Proceeds from) Other Investing Activities — — — — — — — ($7.0m) ($10.0m) ($10.0m)
Other investing activities — — — — — $56.0m $15.0m $50.0m $74.0m $69.0m
Net Cash Provided by (Used in) Investing Activities $183.8m ($1.0b) ($923.0m) ($41.0m) ($1.2b) ($219.0m) ($76.0m) ($207.0m) ($307.0m) ($149.0m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — $558.4m $622.0m $1.9b $253.0m $8.0m $407.0m $49.0m $67.0m —
Proceeds from short-term debt $281.7m $136.5m $928.0m $2.2b $1.7b $2.3b $4.2b $745.0m $77.0m $3.6b
Proceeds from long-term debt — $3.6b $4.3b $13.2b $1.7b $53.0m $2.8b $350.0m $490.0m —
Repayments of Long-term Debt — — — — $1.4b $259.0m — — — —
Repayment of short-term debt ($332.6m) ($294.7m) ($128.0m) ($1.9b) ($2.0b) ($2.5b) ($1.9b) ($3.4b) ($367.0m) ($2.3b)
Repayment of long-term debt — — — — ($9.2b) ($1.6b) ($2.4b) ($2.3b) ($140.0m) ($850.0m)
Proceeds from Issuance of Common Stock — — — — $922.0m — — — — —
Payments for Repurchase of Common Stock — — $107.0m $107.0m $107.0m $0 $48.0m $119.0m $161.0m $112.0m
Payments of Ordinary Dividends, Common Stock $40 $47 — $95 $104 — $60 — $477 $559
Proceeds from Noncontrolling Interests $6.6m $3.9m $4.0m $3.0m $2.0m $3.0m $0 — — —
Payments of Dividends $40 $47 — $95 $104 — $60 — $477 $559
Dividends Payable, Current — — $96.0m $97.0m — — — $294.0m $0 —
Dividends paid ($276) ($306) — ($658) ($678) — ($416) — ($3k) ($4k)
Proceeds from (Payments for) Other Financing Activities — — — — — — — ($13.0m) ($19.0m) ($4.0m)
Other financing activities — — — — — $18.0m ($37.0m) ($94.0m) ($136.0m) ($32.0m)
Net Cash Provided by (Used in) Financing Activities ($247.5m) $697.2m $618.0m $868.0m $134.0m ($283.0m) ($201.0m) ($523.0m) ($754.0m) ($616.0m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — ($3.0m) $9.0m ($45.0m) ($14.0m) — — — —
Effect of exchange rate changes on cash and cash equivalents, and restricted cash $14.0m ($34.0m) ($24.0m) $62.0m ($300.0m) ($88.0m) $297.0m $164.0m $30.0m ($30.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $136.0m $1.3b ($1.1b) ($306.0m) ($7.0m) $372.0m ($27.0m) $429.0m
Net increase (decrease) in cash, cash equivalents and restricted cash, including cash and cash equivalents classified within assets held for sale $1.6b $720.0m $928.0m $9.1b ($6.9b) ($1.9b) ($55.0m) $2.6b ($195.0m) $3.0b
Less: net increase (decrease) in cash and cash equivalents classified within assets held for sale — — — — — — — $17.0m ($9.0m) ($7.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $534.1m $711.0m $2.0b $1.1b $807.0m $738.0m $1.1b $1.0b $1.5b
Cash, cash equivalents and restricted cash at the beginning of the year $3.2b $3.5b $4.9b $14.0b $7.1b $5.1b $5.1b $7.7b $7.5b $10.5b
Cash and cash equivalents $3.2b — — $3.2b $7.0b $5.1b $3.6b $6.9b $7.5b $10.4b
Restricted cash — — — $10.8b $64.0m $25.0m $1.5b $764.0m $50.0m $146.0m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.4m $28.7m $35.0m $59.0m $73.0m $47.0m $37.0m $37.0m $23.0m $24.0m
Income Taxes Paid, Net $184.4m $58.4m $89.0m $102.0m $36.0m $75.0m $56.0m $159.0m $179.0m $233.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.