Chunghwa Telecom Cash Flow Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	38,411	37,220	36,917	36,358	35,616	33,406
Depreciation & Amortization	39,728	39,340	39,379	39,119	38,060	35,995
Other Amortization	1,208	1,184	1,132	1,151	1,156	1,144
Loss (Gain) From Sale of Assets	-15.88	17.35	0.57	5	3	-1,577
Asset Writedown & Restructuring Costs	-139.2	-139.2	634.79	-98	366	-17.76
Loss (Gain) From Sale of Investments	96.78	147.03	98.46	220	-247	83.2
Loss (Gain) on Equity Investments	-186.3	-154.19	-243.37	-442	-421	-242.75
Stock-Based Compensation	4.64	7.7	8.35	16	19	7.58
Provision & Write-off of Bad Debts	273.44	188.06	152.07	117	143	44.89
Other Operating Activities	1,141	570.48	150.97	2,354	2,147	2,422
Change in Accounts Receivable	-4,576	-3,572	-1,579	-1,816	-1,675	3,869
Change in Inventory	-1,460	-626.73	-177.32	-23	875	3,915
Change in Accounts Payable	1,101	3,347	-2,033	-1,631	2,468	21.02
Change in Unearned Revenue	1,740	2,193	584.23	1,990	-1,652	-3,289
Change in Other Net Operating Assets	-2,381	-479.08	-464.98	-1,369	-2,000	-1,325
Operating Cash Flow	74,944	79,244	74,560	75,951	74,858	74,456
Operating Cash Flow Growth	0.69%	6.28%	-1.83%	1.46%	0.54%	2.80%
Capital Expenditures	-30,041	-28,756	-30,741	-31,535	-35,333	-23,511
Sale of Property, Plant & Equipment	17.47	13	19.4	16	27	319.09
Cash Acquisitions	-8.66	-	-	-	-	354.06
Sale (Purchase) of Intangibles	-187.33	-234.14	-237.21	-1,893	-256	-47,605
Sale (Purchase) of Real Estate	-11.39	-4.33	-54.08	-18	-1	133.87
Investment in Securities	-4,161	-6,120	-18,633	1,637	3,336	1,607
Other Investing Activities	-459.04	-231.11	-528.21	1,004	1,055	448.29
Investing Cash Flow	-34,850	-35,332	-50,174	-30,789	-31,172	-68,254
Short-Term Debt Issued	-	700	2,590	1,292	5,154	41,115
Long-Term Debt Issued	-	35	-	3,500	7,000	20,000
Total Debt Issued	6,395	735	2,590	4,792	12,154	61,115
Short-Term Debt Repaid	-	-1,070	-2,727	-635	-12,156	-34,142
Long-Term Debt Repaid	-	-3,944	-3,884	-3,777	-3,729	-3,683
Total Debt Repaid	-15,483	-5,014	-6,611	-4,412	-15,885	-37,825
Net Debt Issued (Repaid)	-9,088	-4,279	-4,021	380	-3,731	23,290
Common Dividends Paid	-38,787	-36,910	-36,476	-35,746	-33,404	-32,783
Other Financing Activities	157.92	-326.6	-233.41	566	2,821	-308.53
Financing Cash Flow	-47,717	-41,516	-40,730	-34,800	-34,314	-9,802
Foreign Exchange Rate Adjustments	-65.27	39.63	-24.45	52	-13	-30.56
Net Cash Flow	-7,688	2,436	-16,369	10,414	9,359	-3,630
Free Cash Flow	44,904	50,489	43,818	44,416	39,525	50,945
Free Cash Flow Growth	-3.54%	15.22%	-1.34%	12.37%	-22.42%	5.56%
Free Cash Flow Margin	19.05%	21.95%	19.63%	20.49%	18.78%	24.54%
Free Cash Flow Per Share	5.78	6.49	5.64	5.72	5.09	6.56
Cash Interest Paid	356.6	333.46	313.68	239	192	161.25
Cash Income Tax Paid	9,246	8,939	9,107	8,397	8,155	7,852
Levered Free Cash Flow	39,154	43,572	34,088	36,514	32,490	-4,712
Unlevered Free Cash Flow	39,379	43,784	34,287	36,678	32,626	-4,583
Change in Working Capital	-5,577	862.18	-3,670	-2,849	-1,984	3,191

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