Atour Lifestyle Holdings Ltd cash flow statement

In fiscal 2025, Atour Lifestyle Holdings Ltd's operations generated $277m of cash; it spent $11.9m on capital projects, leaving free cash flow of $265m. It returned $107m in dividends and $45.9m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Atour Lifestyle Holdings Ltd: cash flow statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	17	65	42	281	240	277
Depreciation and amortisation	12	15	13	12	9	8
Stock-based pay	—	—	24	23	5	18
Capital spending	16	10	5	6	8	12
Free cash flow	1	55	37	275	232	265
Free cash flow after stock pay	—	—	13	252	228	247
Dividends paid	—	3	—	21	61	107
Share buybacks	—	17	—	—	—	46

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Atour Lifestyle Holdings Ltd's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Atour Lifestyle Holdings Ltd.