Cash flow China Mobile Limited

Equities

941 HK0941009539

Integrated Telecommunications Services

Market Closed - Hong Kong S.E. Other stock markets 01:38:32 05/09/2024 pm IST			5-day change	1st Jan Change
72.00 ^HKD	-0.83%		-5.51%	+11.11%

23/08	Chinese smartphone maker Honor gets investment from China Mobile	RE
21/08	China Mobile Adds 559,000 Customers to Mobile Business in July	MT

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Published financial data: CHINA MOBILE LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	75TCr	77TCr	85TCr	94TCr	1,00900Cr
Total Revenues	75TCr	77TCr	85TCr	94TCr	1,00900Cr
Cost of Goods Sold, Total	35TCr	37TCr	43TCr	68TCr	72TCr
Gross Profit	39TCr	39TCr	42TCr	26TCr	28TCr
Selling General & Admin Expenses, Total	5.28TCr	6.22TCr	6.2TCr	10TCr	11TCr
Provision for Bad Debts	-	-	-	486.6Cr	947Cr
R&D Expenses	-	-	-	1.81TCr	2.87TCr
Depreciation & Amortization - (IS)	18TCr	17TCr	19TCr	-	-
Other Operating Expenses	4.32TCr	4.53TCr	4.72TCr	289.8Cr	-395.7Cr
Other Operating Expenses, Total	28TCr	28TCr	30TCr	13TCr	14TCr
Operating Income	12TCr	11TCr	12TCr	13TCr	14TCr
Interest Expense, Total	-324.6Cr	-297.6Cr	-251.4Cr	-233Cr	-373Cr
Interest And Investment Income	1.56TCr	1.14TCr	1.09TCr	2.4TCr	1.72TCr
Net Interest Expenses	1.23TCr	847.1Cr	842Cr	2.16TCr	1.35TCr
Income (Loss) On Equity Invest.	1.26TCr	1.27TCr	1.19TCr	-	-
Currency Exchange Gains (Loss)	-	-	-	33Cr	-40L
Other Non Operating Income (Expenses)	402.9Cr	558.2Cr	809.2Cr	-3.8Cr	-11Cr
EBT, Excl. Unusual Items	15TCr	14TCr	15TCr	15TCr	16TCr
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	289.4Cr	579.5Cr	275.9Cr	1.29TCr
Gain (Loss) On Sale Of Assets	6.4Cr	-10L	-174.8Cr	-	-
Asset Writedown	-297.5Cr	-154.6Cr	-	-104.6Cr	-49Cr
Other Unusual Items	-	-	-	906.2Cr	279.8Cr
EBT, Incl. Unusual Items	14TCr	14TCr	15TCr	16TCr	17TCr
Income Tax Expense	3.53TCr	3.42TCr	3.59TCr	3.73TCr	3.86TCr
Earnings From Continuing Operations	11TCr	11TCr	12TCr	13TCr	13TCr
Net Income to Company	11TCr	11TCr	12TCr	13TCr	13TCr
Minority Interest	-15Cr	-30Cr	-16Cr	-14Cr	-17Cr
Net Income - (IS)	11TCr	11TCr	12TCr	13TCr	13TCr
Net Income to Common Incl Extra Items	11TCr	11TCr	12TCr	13TCr	13TCr
Net Income to Common Excl. Extra Items	11TCr	11TCr	12TCr	13TCr	13TCr
Per Share Items
Net EPS - Basic	5.21	5.27	5.67	5.88	6.16
Basic EPS - Continuing Operations	5.21	5.27	5.67	5.88	6.16
Basic Weighted Average Shares Outstanding	2.05TCr	2.05TCr	2.05TCr	2.13TCr	2.14TCr
Net EPS - Diluted	5.18	5.27	5.67	5.88	6.15
Diluted EPS - Continuing Operations	5.18	5.27	5.67	5.88	6.15
Diluted Weighted Average Shares Outstanding	2.05TCr	2.05TCr	2.05TCr	2.13TCr	2.14TCr
Normalized Basic EPS	4.42	4.29	4.51	4.45	4.53
Normalized Diluted EPS	4.42	4.29	4.51	4.45	4.53
Dividend Per Share	2.89	2.88	3.34	3.9	4.38
Payout Ratio	-	55.38	49.58	69.29	69.18
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	27TCr	26TCr	29TCr	29TCr	31TCr
EBITA	12TCr	12TCr	12TCr	14TCr	15TCr
EBIT	12TCr	11TCr	12TCr	13TCr	14TCr
EBITDAR	-	27TCr	30TCr	31TCr	33TCr
Total Revenues (As Reported)	75TCr	77TCr	85TCr	-	-
Effective Tax Rate - (Ratio)	24.87	24.04	23.58	22.89	22.63
Current Domestic Taxes	3.73TCr	4.03TCr	-	-	-
Total Current Taxes	3.73TCr	4.03TCr	3.94TCr	3.76TCr	4.18TCr
Total Deferred Taxes	-191.6Cr	-605.1Cr	-351Cr	-28Cr	-321Cr
Normalized Net Income	9.05TCr	8.78TCr	9.24TCr	9.49TCr	9.69TCr
Interest on Long-Term Debt	-	282.6Cr	254.8Cr	210.1Cr	351.2Cr
Supplemental Operating Expense Items
Selling and Marketing Expenses	5.28TCr	4.99TCr	4.82TCr	4.96TCr	5.25TCr
General and Administrative Expenses	-	-	-	5.42TCr	5.6TCr
Research And Development Expense From Footnotes	-	-	-	1.81TCr	2.87TCr
Net Rental Expense, Total	-	1.27TCr	1.42TCr	1.43TCr	1.65TCr
Imputed Operating Lease Interest Expense	-	428.76Cr	462.49Cr	314.16Cr	456.5Cr
Imputed Operating Lease Depreciation	-	840.34Cr	958.81Cr	1.12TCr	1.19TCr
Maintenance & Repair Expenses, Total	5.32TCr	-	-	-	-
Stock-Based Comp., COGS (Total)	-	23Cr	41Cr	-	-
Stock-Based Comp., Other (Total)	-	-	-	41Cr	72Cr
Total Stock-Based Compensation	-	23Cr	41Cr	41Cr	72Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	18TCr	21TCr	24TCr	22TCr	18TCr
Short Term Investments	13TCr	11TCr	12TCr	-	-
Trading Asset Securities, Total	11TCr	13TCr	13TCr	11TCr	16TCr
Total Cash And Short Term Investments	42TCr	45TCr	50TCr	33TCr	33TCr
Accounts Receivable, Total	3.77TCr	4.22TCr	4.12TCr	5.72TCr	7.55TCr
Other Receivables	3.55TCr	1.12TCr	1.27TCr	158.5Cr	182.4Cr
Notes Receivable	-	3.68TCr	-	1.64TCr	3.2TCr
Total Receivables	7.32TCr	9.03TCr	5.4TCr	7.52TCr	11TCr
Inventory	733.8Cr	804.4Cr	1.02TCr	1.17TCr	1.2TCr
Prepaid Expenses	2.67TCr	838.5Cr	932.6Cr	704Cr	751.6Cr
Other Current Assets, Total	164.9Cr	2.13TCr	2.2TCr	3.06TCr	3.44TCr
Total Current Assets	53TCr	58TCr	60TCr	46TCr	50TCr
Gross Property Plant And Equipment	-	2,13200Cr	2,27000Cr	2,36800Cr	2,48600Cr
Accumulated Depreciation	-	-1,29000Cr	-1,41900Cr	-1,47300Cr	-1,60200Cr
Net Property Plant And Equipment	82TCr	84TCr	85TCr	90TCr	88TCr
Long-term Investments	16TCr	18TCr	26TCr	41TCr	42TCr
Goodwill	3.53TCr	3.53TCr	3.53TCr	10L	10L
Other Intangibles, Total	3.09TCr	2.34TCr	2.39TCr	4.65TCr	4.76TCr
Accounts Receivable Long-Term	-	156Cr	209.9Cr	375.6Cr	422.7Cr
Deferred Tax Assets Long-Term	3.26TCr	3.9TCr	4.32TCr	4.36TCr	4.73TCr
Deferred Charges Long-Term	-	1.45TCr	1.78TCr	2.79TCr	3.24TCr
Other Long-Term Assets, Total	2.76TCr	1.41TCr	1.43TCr	1.48TCr	1.96TCr
Total Assets	1,62900Cr	1,72800Cr	1,84100Cr	1,90000Cr	1,95700Cr
Liabilities
Accounts Payable, Total	17TCr	17TCr	17TCr	14TCr	17TCr
Accrued Expenses, Total	18TCr	9.98TCr	11TCr	3.19TCr	3.16TCr
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	2.27TCr	2.42TCr	2.61TCr	3.09TCr	3.52TCr
Current Income Taxes Payable	981.5Cr	1.39TCr	1.36TCr	917.5Cr	1.49TCr
Unearned Revenue Current, Total	5.78TCr	7.9TCr	7.91TCr	7.53TCr	6.62TCr
Other Current Liabilities	2.17TCr	13TCr	19TCr	24TCr	24TCr
Total Current Liabilities	46TCr	52TCr	58TCr	53TCr	56TCr
Long-Term Debt	-	-	-	-	-
Long-Term Leases	5.16TCr	4.25TCr	3.09TCr	8.17TCr	6.78TCr
Unearned Revenue Non Current	686.1Cr	860.1Cr	848.7Cr	881Cr	928.1Cr
Pension & Other Post Retirement Benefits	-	-	-	594.5Cr	640.3Cr
Deferred Tax Liability Non Current	138.8Cr	166.8Cr	236.9Cr	257.1Cr	307.7Cr
Other Non Current Liabilities	-	510.7Cr	710.9Cr	171.1Cr	158.7Cr
Total Liabilities	52TCr	58TCr	63TCr	63TCr	65TCr
Common Stock, Total	40TCr	40TCr	40TCr	45TCr	46TCr
Retained Earnings	-	1,01100Cr	1,06600Cr	1,11000Cr	1,15100Cr
Comprehensive Income and Other	70TCr	-26TCr	-26TCr	-30TCr	-30TCr
Total Common Equity	1,10400Cr	1,14900Cr	1,20600Cr	1,26200Cr	1,30600Cr
Minority Interest	351.6Cr	385.6Cr	394.2Cr	407.5Cr	425.3Cr
Total Equity	1,10700Cr	1,15300Cr	1,21000Cr	1,26600Cr	1,31100Cr
Total Liabilities And Equity	1,62900Cr	1,72800Cr	1,84100Cr	1,90000Cr	1,95700Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.05TCr	2.05TCr	2.05TCr	2.14TCr	2.14TCr
ECS Total Common Shares Outstanding	2.05TCr	2.05TCr	2.05TCr	2.14TCr	2.14TCr
Book Value / Share	53.91	56.11	58.92	59.08	61.15
Tangible Book Value	1,03800Cr	1,09000Cr	1,14700Cr	1,21600Cr	1,25900Cr
Tangible Book Value Per Share	50.67	53.24	56.02	56.9	58.93
Total Debt	7.43TCr	6.66TCr	5.7TCr	11TCr	10TCr
Net Debt	-35TCr	-39TCr	-44TCr	-22TCr	-23TCr
Debt Equivalent Oper. Leases	-	10TCr	11TCr	11TCr	13TCr
Minority Interest, Total (Incl. Fin. Div)	351.6Cr	385.6Cr	394.2Cr	407.5Cr	425.3Cr
Equity Method Investments, Total	16TCr	16TCr	17TCr	18TCr	18TCr
Account Code - Inventory Valuation	3	6	6	6	6
Inventories - Raw Materials, Total	-	178.2Cr	-	73Cr	53Cr
Inventories - Work In Process, Total	-	-	-	224.4Cr	218Cr
Inventories - Finished Goods, Total	-	626.2Cr	731.6Cr	864.6Cr	914.7Cr
Inventories - Others	-	-	288.7Cr	38Cr	47Cr
Buildings, Total	-	16TCr	17TCr	17TCr	18TCr
Machinery, Total	-	1,75900Cr	1,88300Cr	1,91500Cr	2,02000Cr
Full Time Employees	5L	5L	4L	5L	5L
Accumulated Allowance for Doubtful Accounts (Supple)	-	1.16TCr	1.31TCr	1.56TCr	2.36TCr

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-	11TCr	12TCr	13TCr	13TCr
Depreciation & Amortization - CF	-	17TCr	19TCr	19TCr	19TCr
Amortization of Goodwill and Intangible Assets - (CF)	-	350.7Cr	418.5Cr	532.9Cr	568.5Cr
Depreciation & Amortization, Total	-	17TCr	19TCr	19TCr	20TCr
Amortization of Deferred Charges, Total - (CF)	-	-	-	831.7Cr	953.9Cr
(Gain) Loss From Sale Of Asset	-	10L	174.8Cr	87Cr	38Cr
(Gain) Loss on Sale of Investments - (CF)	-	-289.4Cr	-579.5Cr	-1.59TCr	-2.28TCr
Asset Writedown & Restructuring Costs	-	148.4Cr	8.8Cr	69Cr	57Cr
(Income) Loss On Equity Investments - (CF)	-	-1.27TCr	-1.19TCr	-	-
Stock-Based Compensation (CF)	-	23Cr	41Cr	41Cr	72Cr
Provision and Write-off of Bad Debts	-	508.4Cr	417.1Cr	445.3Cr	922.7Cr
Other Operating Activities, Total	-	-987.8Cr	-1.13TCr	-859.6Cr	-377.5Cr
Change In Accounts Receivable	-	-958.4Cr	-363.4Cr	-2.64TCr	-4.19TCr
Change In Inventories	-	-90Cr	-243.9Cr	-172.7Cr	-58Cr
Change In Accounts Payable	-	789.6Cr	554.6Cr	163.5Cr	2.62TCr
Change in Unearned Revenues	-	2.29TCr	-7.4Cr	-	-
Change In Deferred Taxes	-	-	-	-22Cr	-319.7Cr
Change in Other Net Operating Assets	-	2.58TCr	2.88TCr	-	-
Cash from Operations	-	31TCr	31TCr	28TCr	30TCr
Capital Expenditure	-	-19TCr	-20TCr	-19TCr	-18TCr
Sale of Property, Plant, and Equipment	-	27Cr	50Cr	52Cr	75Cr
Sale (Purchase) of Intangible assets	-	-87Cr	-463.8Cr	-	-
Investment in Marketable and Equity Securities, Total	-	296Cr	-5.08TCr	-8.53TCr	-1.82TCr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-1.79TCr	-	1.78TCr	-1.54TCr
Other Investing Activities, Total	-	1.7TCr	1.93TCr	1.85TCr	839.9Cr
Cash from Investing	-	-19TCr	-24TCr	-24TCr	-21TCr
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-2.73TCr	-2.85TCr	-2.89TCr	-2.5TCr
Total Debt Repaid	-	-2.73TCr	-2.85TCr	-2.89TCr	-2.5TCr
Issuance of Common Stock	-	-	4.87TCr	333.5Cr	139.5Cr
Repurchase of Common Stock	-	-	-	-71Cr	-
Common Dividends Paid	-	-5.97TCr	-5.76TCr	-8.69TCr	-9.12TCr
Common & Preferred Stock Dividends Paid	-	-5.97TCr	-5.76TCr	-8.69TCr	-9.12TCr
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-	482Cr	-780.9Cr	-728.3Cr	-907.6Cr
Cash from Financing	-	-8.23TCr	-4.52TCr	-12TCr	-12TCr
Foreign Exchange Rate Adjustments	-	-61Cr	-5.3Cr	98Cr	22Cr
Net Change in Cash	-	3.68TCr	3.12TCr	-7.68TCr	-2.55TCr
Supplemental Items
Cash Interest Paid	-	17Cr	13Cr	-	-
Cash Income Tax Paid (Refund)	-	3.61TCr	3.94TCr	4.7TCr	4.4TCr
Levered Free Cash Flow	-	8.63TCr	12TCr	3.98TCr	9.52TCr
Unlevered Free Cash Flow	-	8.82TCr	12TCr	4.12TCr	9.76TCr
Change In Net Working Capital	3.44TCr	-3.45TCr	-5.88TCr	5.1TCr	1.78TCr
Net Debt Issued / Repaid	-	-2.73TCr	-2.85TCr	-2.89TCr	-2.5TCr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.58	4.26	4.19	4.39	4.6
Return on Total Capital	6.48	5.95	6.02	6.23	6.36
Return On Equity %	9.87	9.57	9.84	10.29	10.24
Return on Common Equity	9.89	9.57	9.86	10.31	10.26
Margin Analysis
Gross Profit Margin %	52.94	51.32	49.74	27.76	28.21
SG&A Margin	7.08	8.09	7.31	11.11	10.75
EBITDA Margin %