$TENCENT(00700)$ Compared to the total free cash flow, excluding investment cash flow (mainly for external investment) and financing cash flow (mainly for repurchase), I value operating cash flow more and more intuitively reflect the operating status of the enterprise.
22 year operating cash flow
Q1 33.82 billion
Q2 35.701 billion
Q3 40.965 billion
Q4 35.603 billion
comparison
2021Q4 51251 million
2020Q4 48.866 billion
RMB 50.604 billion in Q4 2019
There is still a gap of more than 15 billion yuan from the peak, and it seems that recovery will still take time
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