Duty Free International Ltd
SGX:5SO
Cash Flow Statement
Cash Flow Statement
Duty Free International Ltd
Nov-2013 | Feb-2014 | May-2014 | Aug-2014 | Nov-2014 | Feb-2015 | May-2015 | Aug-2015 | Nov-2015 | Feb-2016 | May-2016 | Aug-2016 | Nov-2016 | Feb-2017 | May-2017 | Aug-2017 | Nov-2017 | Feb-2018 | May-2018 | Aug-2018 | Nov-2018 | Feb-2019 | May-2019 | Aug-2019 | Nov-2019 | Feb-2020 | May-2020 | Aug-2020 | Nov-2020 | Feb-2021 | May-2021 | Aug-2021 | Nov-2021 | Feb-2022 | May-2022 | Aug-2022 | Nov-2022 | Feb-2023 | May-2023 | Aug-2023 | Nov-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
74
|
82
|
83
|
86
|
78
|
73
|
76
|
74
|
81
|
85
|
90
|
97
|
102
|
98
|
95
|
95
|
77
|
69
|
61
|
57
|
69
|
67
|
65
|
56
|
48
|
24
|
5
|
(15)
|
(36)
|
(39)
|
(32)
|
(27)
|
(20)
|
(7)
|
(6)
|
4
|
10
|
17
|
21
|
20
|
19
|
|
Depreciation & Amortization |
5
|
4
|
4
|
4
|
4
|
4
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
6
|
8
|
10
|
12
|
15
|
15
|
15
|
14
|
14
|
13
|
13
|
13
|
12
|
12
|
12
|
12
|
11
|
11
|
11
|
12
|
|
Other Non-Cash Items |
3
|
(7)
|
(4)
|
(10)
|
(6)
|
(7)
|
(8)
|
(3)
|
(6)
|
(2)
|
(2)
|
(6)
|
(10)
|
(13)
|
(13)
|
(15)
|
(3)
|
5
|
4
|
0
|
(10)
|
(12)
|
(13)
|
(7)
|
(2)
|
20
|
19
|
21
|
29
|
14
|
15
|
14
|
4
|
(8)
|
(8)
|
(10)
|
(8)
|
(9)
|
(7)
|
(8)
|
(9)
|
|
Cash Taxes Paid |
29
|
29
|
33
|
33
|
35
|
25
|
20
|
19
|
17
|
19
|
21
|
23
|
25
|
26
|
27
|
28
|
25
|
23
|
22
|
23
|
20
|
17
|
15
|
12
|
11
|
1
|
11
|
9
|
9
|
9
|
7
|
9
|
2
|
0
|
4
|
2
|
7
|
0
|
2
|
1
|
1
|
|
Cash Interest Paid |
4
|
4
|
3
|
3
|
3
|
2
|
2
|
2
|
2
|
3
|
3
|
2
|
2
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
10
|
1
|
1
|
1
|
0
|
0
|
0
|
6
|
7
|
0
|
0
|
(5)
|
1
|
0
|
0
|
(1)
|
|
Change in Working Capital |
(180)
|
(168)
|
(50)
|
(22)
|
8
|
38
|
44
|
31
|
(21)
|
(75)
|
(78)
|
(52)
|
(1)
|
34
|
39
|
41
|
38
|
44
|
43
|
1
|
(63)
|
(32)
|
(53)
|
(13)
|
79
|
(18)
|
27
|
21
|
(17)
|
26
|
31
|
14
|
18
|
4
|
1
|
5
|
(19)
|
(22)
|
(32)
|
(29)
|
(9)
|
|
Cash from Operating Activities |
(98)
N/A
|
(89)
+9%
|
33
N/A
|
59
+79%
|
83
+41%
|
109
+31%
|
117
+7%
|
107
-9%
|
59
-45%
|
12
-79%
|
14
+16%
|
43
+205%
|
96
+121%
|
123
+29%
|
126
+2%
|
126
+0%
|
117
-7%
|
124
+5%
|
113
-8%
|
63
-44%
|
0
-99%
|
29
+5 915%
|
7
-76%
|
46
+574%
|
137
+200%
|
41
-70%
|
65
+60%
|
42
-35%
|
(9)
N/A
|
14
N/A
|
27
+86%
|
15
-45%
|
14
-3%
|
1
-90%
|
(1)
N/A
|
11
N/A
|
(5)
N/A
|
(2)
+67%
|
(7)
-309%
|
(4)
+38%
|
14
N/A
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(6)
|
(8)
|
(7)
|
(8)
|
(8)
|
(6)
|
(8)
|
(7)
|
(6)
|
(5)
|
(4)
|
(5)
|
(5)
|
(4)
|
(5)
|
(3)
|
(3)
|
(2)
|
(3)
|
(5)
|
(4)
|
(5)
|
(5)
|
(3)
|
(4)
|
(3)
|
(2)
|
(1)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
|
Other Items |
221
|
214
|
36
|
37
|
38
|
41
|
10
|
14
|
14
|
12
|
9
|
5
|
5
|
6
|
6
|
7
|
7
|
8
|
(21)
|
(13)
|
(18)
|
(22)
|
38
|
31
|
36
|
41
|
10
|
8
|
7
|
6
|
5
|
5
|
5
|
(41)
|
(41)
|
(41)
|
(41)
|
6
|
6
|
7
|
7
|
|
Cash from Investing Activities |
214
N/A
|
206
-4%
|
29
-86%
|
28
-2%
|
30
+5%
|
34
+17%
|
2
-94%
|
8
+290%
|
9
+9%
|
6
-24%
|
5
-18%
|
(1)
N/A
|
0
N/A
|
1
+574%
|
2
+11%
|
4
+147%
|
4
+14%
|
5
+26%
|
(23)
N/A
|
(18)
+24%
|
(22)
-22%
|
(27)
-25%
|
33
N/A
|
28
-16%
|
32
+14%
|
38
+20%
|
8
-79%
|
7
-11%
|
7
-1%
|
5
-23%
|
5
-14%
|
5
0%
|
5
+0%
|
(41)
N/A
|
(41)
+0%
|
(41)
+0%
|
(41)
+1%
|
5
N/A
|
6
+7%
|
6
+5%
|
7
+6%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
(9)
|
2
|
(0)
|
(4)
|
(5)
|
(5)
|
(3)
|
(1)
|
0
|
0
|
41
|
93
|
93
|
93
|
91
|
32
|
30
|
30
|
(10)
|
(8)
|
(6)
|
(6)
|
(8)
|
(4)
|
(6)
|
(6)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Issuance of Debt |
(34)
|
(33)
|
(13)
|
(22)
|
(30)
|
(9)
|
0
|
(20)
|
(9)
|
4
|
2
|
(5)
|
(25)
|
(45)
|
(54)
|
(25)
|
(12)
|
9
|
(8)
|
(4)
|
2
|
1
|
23
|
19
|
22
|
11
|
(6)
|
(15)
|
(28)
|
(30)
|
(19)
|
(9)
|
(5)
|
(7)
|
(7)
|
(7)
|
(3)
|
3
|
(3)
|
(6)
|
(9)
|
|
Cash Paid for Dividends |
(70)
|
(70)
|
(99)
|
(57)
|
(78)
|
(100)
|
(101)
|
(73)
|
(72)
|
(49)
|
(20)
|
(63)
|
(43)
|
(43)
|
(91)
|
(61)
|
(80)
|
(80)
|
(69)
|
(84)
|
(65)
|
(65)
|
(65)
|
(37)
|
(55)
|
(55)
|
(18)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
0
|
0
|
(15)
|
|
Other |
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
88
|
88
|
87
|
84
|
(3)
|
(5)
|
36
|
40
|
35
|
42
|
(5)
|
(9)
|
(5)
|
(11)
|
(5)
|
(129)
|
(129)
|
(128)
|
(129)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
3
|
|
Cash from Financing Activities |
(113)
N/A
|
(101)
+11%
|
(112)
-12%
|
(83)
+26%
|
(113)
-36%
|
(115)
-1%
|
(105)
+8%
|
(94)
+11%
|
(81)
+14%
|
(46)
+43%
|
24
N/A
|
113
+380%
|
113
0%
|
92
-19%
|
31
-66%
|
(57)
N/A
|
(68)
-19%
|
(5)
+93%
|
(46)
-917%
|
(61)
-31%
|
(27)
+56%
|
(75)
-182%
|
(60)
+20%
|
(27)
+56%
|
(50)
-88%
|
(54)
-9%
|
(157)
-189%
|
(165)
-4%
|
(156)
+5%
|
(159)
-2%
|
(20)
+88%
|
(9)
+53%
|
(5)
+47%
|
(7)
-48%
|
(7)
-3%
|
(7)
+7%
|
(3)
+58%
|
(5)
-66%
|
(11)
-135%
|
(14)
-25%
|
(21)
-48%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
8
|
6
|
(1)
|
(1)
|
(17)
|
(22)
|
(12)
|
(7)
|
2
|
6
|
7
|
3
|
1
|
4
|
6
|
1
|
1
|
(0)
|
(3)
|
1
|
3
|
5
|
5
|
6
|
5
|
4
|
4
|
5
|
7
|
|
Net Change in Cash |
3
N/A
|
16
+423%
|
(51)
N/A
|
4
N/A
|
0
N/A
|
29
N/A
|
14
-51%
|
21
+45%
|
(13)
N/A
|
(27)
-103%
|
43
N/A
|
156
+262%
|
216
+39%
|
223
+3%
|
157
-29%
|
72
-54%
|
37
-48%
|
103
+177%
|
31
-70%
|
(23)
N/A
|
(46)
-104%
|
(68)
-47%
|
(13)
+80%
|
49
N/A
|
120
+142%
|
29
-76%
|
(78)
N/A
|
(114)
-47%
|
(158)
-38%
|
(140)
+11%
|
8
N/A
|
10
+28%
|
17
+59%
|
(42)
N/A
|
(44)
-6%
|
(31)
+29%
|
(44)
-41%
|
3
N/A
|
(9)
N/A
|
(7)
+20%
|
6
N/A
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
(104)
N/A
|
(97)
+7%
|
26
N/A
|
51
+96%
|
75
+49%
|
103
+37%
|
110
+7%
|
100
-9%
|
53
-47%
|
7
-87%
|
10
+54%
|
38
+268%
|
91
+138%
|
119
+31%
|
121
+2%
|
123
+1%
|
114
-7%
|
121
+6%
|
111
-9%
|
59
-47%
|
(4)
N/A
|
24
N/A
|
2
-92%
|
43
+1 986%
|
133
+212%
|
38
-71%
|
63
+67%
|
41
-36%
|
(9)
N/A
|
14
N/A
|
26
+88%
|
14
-45%
|
14
-3%
|
1
-91%
|
(1)
N/A
|
11
N/A
|
(6)
N/A
|
(2)
+63%
|
(8)
-272%
|
(5)
+33%
|
13
N/A
|