True Corporation PCL Cash Flow Statement

Financials in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	14,195	9,240	-10,966	-17,497	-18,285	-1,428
Depreciation & Amortization	65,747	65,376	65,940	66,639	48,223	43,801
Other Amortization	5,471	5,471	6,085	7,302	5,184	4,398
Loss (Gain) From Sale of Assets	10,546	10,741	16,566	4,448	3,032	-40.83
Asset Writedown & Restructuring Costs	-2,610	-	-	-	-1,233	-1,135
Loss (Gain) From Sale of Investments	68.1	71.81	120.71	492.27	-2,402	-724.84
Loss (Gain) on Equity Investments	-3,437	-3,446	-1,053	-1,684	-2,469	-3,715
Provision & Write-off of Bad Debts	2,264	2,151	2,581	2,711	2,433	3,125
Other Operating Activities	1,389	760.65	2,548	7,204	5,153	1,416
Change in Accounts Receivable	7,134	7,259	1,989	-3,933	1,371	-9,992
Change in Inventory	178.69	664.51	-147.73	1,477	534.12	3,817
Change in Accounts Payable	-11,673	-12,471	-3,552	-4,904	2,620	2,449
Change in Other Net Operating Assets	-4,051	-3,730	-1,664	342.68	-8,939	-6,911
Operating Cash Flow	85,222	82,090	78,446	62,596	35,222	35,058
Operating Cash Flow Growth	9.51%	4.64%	25.32%	77.72%	0.47%	-6.94%
Capital Expenditures	-27,162	-25,627	-26,280	-28,715	-39,193	-40,821
Sale of Property, Plant & Equipment	1,453	1,414	346.77	440.43	280.63	185.25
Cash Acquisitions	-	-	-	-	-72.65	-107.79
Divestitures	47.88	47.88	-	-	-	1.59
Sale (Purchase) of Intangibles	-28,922	-36,025	-19,015	-19,766	-16,913	-17,732
Sale (Purchase) of Real Estate	-35.61	-39.08	-35.33	-297.66	-615.63	-49.75
Investment in Securities	9.47	63.85	-17.57	-17.95	3,740	-621.13
Other Investing Activities	2,008	1,993	2,036	2,527	2,468	2,331
Investing Cash Flow	-52,601	-58,172	-42,965	-45,829	-50,306	-56,813
Short-Term Debt Issued	-	33,060	6,501	-	19,014	8,466
Long-Term Debt Issued	-	102,574	102,080	-	81,895	93,012
Total Debt Issued	131,169	135,634	108,581	136,765	100,909	101,478
Short-Term Debt Repaid	-	-31,501	-21,333	-	-6,716	-5,968
Long-Term Debt Repaid	-	-130,434	-129,449	-	-71,918	-73,802
Total Debt Repaid	-153,982	-161,935	-150,782	-158,629	-78,634	-79,769
Net Debt Issued (Repaid)	-22,813	-26,301	-42,202	-21,865	22,275	21,708
Issuance of Common Stock	-	-	-	-	123.6	-
Common Dividends Paid	-6,564	-6,564	-	-	-2,334	-2,334
Other Financing Activities	-	-	-20.67	-0.02	-0.02	-0.02
Financing Cash Flow	-29,377	-32,865	-42,222	-21,865	20,064	19,374
Foreign Exchange Rate Adjustments	8.37	5.99	-6.78	-12.39	65.82	13.97
Net Cash Flow	3,253	-8,941	-6,748	-5,110	5,047	-2,367
Free Cash Flow	58,061	56,463	52,166	33,881	-3,971	-5,763
Free Cash Flow Growth	10.55%	8.24%	53.97%	-	-	-
Free Cash Flow Margin	30.46%	28.86%	25.32%	16.70%	-2.94%	-4.01%
Free Cash Flow Per Share	1.66	1.63	1.51	0.98	-0.20	-0.29
Cash Interest Paid	17,939	18,510	20,201	20,242	16,644	16,100
Cash Income Tax Paid	-	-1,463	-890.61	-2,034	-1,500	406.28
Levered Free Cash Flow	28,185	15,225	40,043	30,966	-13,946	-19,031
Unlevered Free Cash Flow	39,435	26,645	52,443	43,975	-3,560	-8,969
Change in Working Capital	-8,411	-8,277	-3,375	-7,017	-4,413	-10,637

Source: S&P Global Market Intelligence. Standard template. Financial Sources.