China Southern Airlines Company Limited (FRA:ZNHH)

FRA:ZNHH Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	16,686	15,994	9,924	20,240	21,841	25,823
Trading Asset Securities	2,834	2,695	3,161	2	-	-
Cash & Short-Term Investments	19,520	18,689	13,085	20,242	21,841	25,823
Cash Growth	37.82%	42.83%	-35.36%	-7.32%	-15.42%	1084.00%
Accounts Receivable	5,660	3,641	3,504	2,808	3,036	2,556
Other Receivables	3,981	3,095	1,640	1,943	1,275	1,955
Receivables	9,641	6,736	5,144	4,751	4,311	4,511
Inventory	2,821	2,028	1,669	1,403	1,690	1,975
Prepaid Expenses	-	303	250	348	442	275
Other Current Assets	10,066	9,887	7,593	6,027	9,582	6,401
Total Current Assets	42,048	37,643	27,741	32,771	37,866	38,985
Property, Plant & Equipment	266,828	258,298	249,406	250,623	255,411	263,732
Long-Term Investments	7,973	9,975	9,840	6,940	6,635	6,564
Other Intangible Assets	7,606	7,341	6,629	6,547	6,564	6,155
Long-Term Accounts Receivable	209	812	1,106	744	645	-
Long-Term Deferred Tax Assets	12,107	12,873	12,280	12,473	12,831	7,749
Long-Term Deferred Charges	401	462	517	624	768	887
Other Long-Term Assets	3,407	2,334	1,707	1,279	2,228	2,043
Total Assets	340,579	329,738	309,226	312,001	322,948	326,115
Accounts Payable	24,709	3,085	2,490	1,975	1,365	1,729
Accrued Expenses	4,891	21,786	23,206	16,744	15,354	15,547
Short-Term Debt	36,925	51,184	51,362	66,210	49,826	36,285
Current Portion of Long-Term Debt	55,940	22,770	19,830	19,126	8,087	3,814
Current Portion of Leases	-	18,462	19,450	22,041	20,903	21,024
Current Income Taxes Payable	1,165	584	346	312	844	462
Current Unearned Revenue	11,037	11,044	8,688	4,879	5,258	5,510
Other Current Liabilities	8,756	9,487	9,562	10,171	9,353	11,310
Total Current Liabilities	143,423	138,402	134,934	141,458	110,990	95,681
Long-Term Debt	50,815	56,870	45,024	34,444	38,374	38,134
Long-Term Leases	82,556	74,161	69,332	73,252	82,137	100,574
Long-Term Unearned Revenue	904	720	752	760	725	769
Long-Term Deferred Tax Liabilities	22	7	23	24	26	80
Other Long-Term Liabilities	6,277	6,983	7,164	6,949	6,451	6,014
Total Liabilities	283,997	277,143	257,229	256,887	238,703	241,252
Common Stock	18,121	18,121	18,121	18,121	16,948	15,329
Additional Paid-In Capital	52,444	52,444	52,756	52,775	47,887	39,050
Retained Earnings	-33,698	-36,005	-34,309	-30,100	2,622	14,725
Comprehensive Income & Other	168	169	216	261	159	242
Total Common Equity	37,035	34,729	36,784	41,057	67,616	69,346
Minority Interest	19,547	17,866	15,213	14,057	16,629	15,517
Shareholders' Equity	56,582	52,595	51,997	55,114	84,245	84,863
Total Liabilities & Equity	340,579	329,738	309,226	312,001	322,948	326,115
Total Debt	226,236	223,447	204,998	215,073	199,327	199,831
Net Cash (Debt)	-206,716	-204,758	-191,913	-194,831	-177,486	-174,008
Net Cash Per Share	-11.46	-11.30	-10.59	-11.32	-10.96	-12.38
Filing Date Shares Outstanding	18,121	18,121	18,121	18,121	16,948	15,329
Total Common Shares Outstanding	18,121	18,121	18,121	18,121	16,948	15,329
Working Capital	-101,375	-100,759	-107,193	-108,687	-73,124	-56,696
Book Value Per Share	2.04	1.92	2.03	2.27	3.99	4.52
Tangible Book Value	29,429	27,388	30,155	34,510	61,052	63,191
Tangible Book Value Per Share	1.62	1.51	1.66	1.90	3.60	4.12
Buildings	-	25,063	25,087	25,206	23,527	21,497
Machinery	-	184,221	163,534	151,826	150,073	144,972
Construction In Progress	-	34,584	34,199	33,322	31,869	32,438

Source: S&P Global Market Intelligence. Standard template. Financial Sources.