Phoenix New Media Ltd cash flow statement

In fiscal 2025, Phoenix New Media Ltd's operations generated −$370,827 of cash; it spent $1.8m on capital projects, leaving free cash flow of −$2.2m. It returned $139,147 in dividends.

Cash flow statement

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

Phoenix New Media Ltd: cash flow statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	−1	13	10	17	57	44	35	31	26	−12	−48	−15	−22	−47	−9	−6	−0
Depreciation and amortisation	1	1	2	3	5	6	7	6	5	5	7	6	4	4	3	2	1
Stock-based pay	1	2	10	1	3	9	5	0	3	2	2	1	1	1	1	0	0
Capital spending	1	3	5	13	5	6	7	4	4	8	8	2	3	5	1	1	2
Free cash flow	−2	10	5	5	52	39	28	26	21	−20	−56	−17	−25	−52	−10	−7	−2
Free cash flow after stock pay	−4	8	−5	4	49	30	23	26	18	−22	−58	−18	−26	−53	−10	−7	−2
Dividends paid	—	—	—	—	—	—	—	—	—	—	102	94	1	0	—	0	0
Share buybacks	—	0	0	8	11	39	11	0	—	—	—	—	—	—	0	0	—

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 Phoenix New Media Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Phoenix New Media Ltd.