Studio City International Holdings Limited (MSC)MSCStudio City International Holdings Limited

Cash Flow Statement

Operating, investing, and financing cash flow analysis

Quarterly Cash Flow Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Cash from Operations (CFO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	-39.94M	2.86M	-20.48M	-18.57M	-3.75M	-15.97M	-27.75M	-20.97M	-33.43M
Depreciation & Amortization	211.33M	51.80M	52.73M	53.98M	52.83M	0.00	0.00	0.00	0.00
Stock-Based Compensation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Accounts Receivable	6.44M	1.52M	1.89M	1.29M	1.74M	2.35M	1.98M	1.93M	2.20M
Change in Inventory	—	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—	—
Change in Working Capital	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Investing	—	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Acquisitions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing	—	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Free Cash Flow (FCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Change in Cash	11.57M	0.00	9.96M	-73.91M	75.53M	-29.81M	14.44M	-72.72M	-207.26M

Annual Cash Flow Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Cash from Operations (CFO)	210.32M	189.90M	-18.89M	-178.78M	-136.84M	-181.63M	228.50M	139.52M
Net Income	-58.77M	-96.73M	-133.52M	-326.45M	-252.56M	-321.63M	33.56M	-21.60M
Depreciation & Amortization	212.02M	205.06M	169.40M	126.96M	127.63M	160.33M	171.94M	167.89M
Stock-Based Compensation	0.00	0.00	0.00	361K	438K	791K	0.00	0.00
Change in Accounts Receivable	1.89M	1.98M	2.28M	263K	247K	10.83M	63.39M	44.05M
Change in Inventory	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—
Change in Working Capital	57.41M	85.30M	-43.41M	53.56M	5.64M	36.32M	-6.32M	-19.32M
Cash from Investing	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-61.97M	-86.76M	-156.82M	-452.13M	-404.48M	-188.54M	-78.59M	-153.25M
Acquisitions	-30.73M	-31.30M	0.00	9K	-2.42M	2.64M	-13.71M	-13.36M
Cash from Financing	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	0.00	0.00	0.00	0.00	0.00	0.00	-5.06M	0.00
Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Free Cash Flow (FCF)	148.35M	103.14M	-175.72M	-630.90M	-541.32M	-370.16M	149.92M	-13.73M
Net Change in Cash	-18.23M	-100.41M	-281.48M	10.23M	-75.94M	248.27M	-50.33M	-5.36M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Studio City International Holdings Limited

Studio City International Holdings Limited is responsible for running a major resort complex in Cotai, Macau, which integrates gaming, retail, and entertainment options. At the heart of its offerings is the Studio City Casino, which features 250 gaming tables catering to the mass market, approximately 947 electronic gaming machines, and 45 exclusive VIP rolling chip tables. Beyond the casino, the resort boasts a wide array of non-gaming amenities. These include about 1,600 upscale hotel rooms, numerous dining and drinking establishments, a distinctive figure-8 Ferris wheel, a vibrant nightclub and karaoke venue, a 5,000-seat arena for live performances, and roughly 27,000 square meters of supporting retail space. The company, originally known as Cyber One Agents Limited, was rebranded as Studio City International Holdings Limited in January 2012. Established in 2000, its corporate headquarters are situated in Central, Hong Kong. Studio City International Holdings Limited operates as a subsidiary under the ownership of MCO Cotai Investments Limited.

Central

5,848 employees

www.studiocity-macau.com

Consumer Cyclical / Gambling, Resorts & Casinos

Sector: Consumer Cyclical
Industry: Gambling, Resorts & Casinos
CEO: Geoffrey Stuart Davis

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