Company: TCOM
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-078429
Chunk: 143

Company: Trip.com Group Ltd
Filing Date: 2025-04-11
Form: 20-F
Item: Item 5
Chunk 143
---
 
93 

 B. Liquidity and Capital Resources
Liquidity 
 The following table sets forth the summary of our cash flows for the periods indicated: 
 

                                                                                            For the Years Ended December 31,                                                      
                                                                                        2022                   2023                    2024                                       
                                                                                            RMB                     RMB                     RMB                     US$           
                                                                                            (in millions)                                                                         
Net cash provided by operating activities                                                         2,641                  22,004                  19,625                  2,692    
Net cash provided by /(used in) investing activities                                              1,136                   5,919                  (6,052   )               (828   )
Net cash used in financing activities                                                            (6,717   )              (2,547   )              (6,710   )               (921   )
Effect of foreign exchange rate changes on cash and cash equivalents, restricted cash       231                     120                     247                     31            
Net (decrease)/increase in cash and cash equivalents, restricted cash                            (2,709   )              25,496                   7,110             974           
Cash and cash equivalents, restricted cash, beginning of year                                    21,196                  18,487                  43,983                  6,026    
Cash and cash equivalents, restricted cash, end of year                                          18,487                  43,983                  51,093                  7,000    
 Net cash provided by operating activities in 2024 was RMB19.6 billion (US$2.7 billion) compared to net cash provided by operating activities of RMB22.0 billion in 2023. The decrease was primarily due to increased cash used to fund working capital, since the growth rate of our business normalized in 2024 and there was a significant decrease in accounts payable. The effect of changes in working capital was partially offset by higher net income after adjusting for impacts on non-cash items. Net income had an improvement of RMB7.2 billion. Non-cash items were principally associated with share-based compensation expenses, fair value income for equity securities investment and exchangeable senior notes and equity in income from affiliates. 
 Net cash provided by operating activities in 2023 was RMB22.0 billion compared to net cash provided by operating activities of RMB2.6 billion in 2022. The increase was primarily driven by an improvement of RMB8.6 billion in net income, along with changes in non-cash items and cash