It Tech Packaging, Inc. cash flow statement ITP

Annual Quarterly

In fiscal 2024, which ended Dec 31, 2024, It Tech Packaging, Inc. generated $6.3 million of cash from operations, down 51.1% from the year before. It spent $329,611 on capital expenditures. That left free cash flow of $6.0 million.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line	FY 2025 Sep 30, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016	FY 2015 Dec 31, 2015
Operating
Depreciation and amortization	15 +3.9%	14 -0.0%	14 -3.8%	15 -3.7%	15 -2.8%	16 +3.2%	15 +7.1%	14 -2.3%	15 -4.3%	15 +14.1%	13 +61.6%
Stock-based compensation	—	—	—	0	—	1 +167.2%	—	0 -66.8%	—	1 +83.2%	—
Operating cash flow	4 -53.0%	6 -51.1%	13 +20.1%	11 +540.0%	-2 -115.1%	16 +114.4%	8 -17.9%	9 -49.5%	18 +18.8%	15 -28.0%	21 -34.4%
Investing
Capital expenditures	0	0	—	5 -81.9%	25 +18.8%	21	—	2 -76.6%	9 -19.0%	12 -40.1%	19 -50.7%
Investing cash flow	-0 +99.7%	-0 +98.5%	-22 -104.1%	-11 +56.5%	-25 -22.1%	-21 -160.9%	-8 -257.8%	-2 +76.4%	-9 +19.3%	-12 +40.3%	-19 +46.7%
Financing
Debt issued	6	—	4	—	—	—	—	—	—	—	—
Short-term debt issued	5 +298.8%	1 -33.9%	1	—	—	—	—	—	—	—	—
Financing cash flow	1 +68.6%	-3 -173.8%	4 +601.4%	-1 -102.6%	34 +1564.1%	2 +135.6%	-6 -82.3%	-3 +35.6%	-5 -33.6%	-4 -31.6%	-3 -159.1%
Change in cash
Effect of exchange rate	-0 -133.0%	-0 +11.6%	-0 +71.7%	-1	—	—	—	—	—	—	—
Net change in cash	4 +193.0%	3 +149.8%	-5 -206.1%	-2 -123.8%	7 +516.4%	-2	—	—	—	—	—
Free cash flow	4	6	—	6 +122.5%	-28 -454.3%	-5	—	7 -20.5%	9 +137.6%	4 +97.0%	2 +127.2%
Per share
Free cash flow per share	0.30	0.59	—	0.62	—	—	—	0.32 -21.1%	0.41 +137.2%	0.17 +86.9%	0.09 +125.8%
Ratios
Free cash flow margin	4.83%	7.87%	—	6.16%	-17.10%	-4.92%	—	8.04%	7.50%	2.74%	1.38%
Capital expenditures to revenue	0.06%	0.43%	—	4.52%	15.58%	20.91%	—	2.53%	8.02%	8.60%	14.29%
Stock-based compensation to revenue	—	—	—	0.16%	—	1.24%	—	0.54%	—	1.05%	—
Cash conversion	—	—	—	—	-2.69x	—	3.39x	—	10.94x	2.09x	1.84x

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Converted Paper & Paperboard Prods (No Contaners/Boxes) (SIC 2670)
Listed as: ITP (NYSE)
Fiscal year ends: December 31
Incorporated in: NV
Headquarters: Hebei Province,, China
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 1358190
Former names: Orient Paper Inc. (until Jul 20, 2018); CARLATERAL, INC. (until Dec 28, 2007)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.