VNSTEEL-VICASA JSC Cash Flow Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2018	FY 2017	FY 2016
Period Ending	Dec '18 Dec 31, 2018	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Net Income	32,097	32,097	64,569	30,465
Depreciation & Amortization	23,097	23,097	23,434	20,446
Loss (Gain) From Sale of Assets	-147.32	-147.32	-2,622	-1,563
Other Operating Activities	-5,972	-5,972	-3,450	-6,378
Change in Accounts Receivable	-14,278	-14,278	-71,786	-44,854
Change in Inventory	-222,224	-222,224	-15,926	43,723
Change in Accounts Payable	-23,996	-23,996	54,570	17,493
Change in Other Net Operating Assets	-6,615	-6,615	1,269	-489.63
Operating Cash Flow	-218,039	-218,039	50,059	58,841
Operating Cash Flow Growth	-	-	-14.92%	-
Capital Expenditures	-14,832	-14,832	-24,454	-17,625
Sale of Property, Plant & Equipment	-	-	2,155	283.27
Other Investing Activities	147.32	147.32	714.95	1,280
Investing Cash Flow	-14,685	-14,685	-21,584	-16,062
Short-Term Debt Issued	1,004,836	1,004,836	282,888	159,335
Total Debt Issued	1,004,836	1,004,836	282,888	159,335
Short-Term Debt Repaid	-777,046	-777,046	-276,176	-204,008
Total Debt Repaid	-777,046	-777,046	-276,176	-204,008
Net Debt Issued (Repaid)	227,789	227,789	6,711	-44,673
Common Dividends Paid	-45,205	-45,205	-22,748	-22,519
Financing Cash Flow	182,584	182,584	-16,037	-67,193
Foreign Exchange Rate Adjustments	115	115	0.01	0.21
Net Cash Flow	-50,025	-50,025	12,438	-24,413
Free Cash Flow	-232,871	-232,871	25,605	41,216
Free Cash Flow Growth	-	-	-37.88%	-
Free Cash Flow Margin	-9.27%	-9.27%	1.35%	2.92%
Free Cash Flow Per Share	-15330.24	-15330.24	1685.77	2713.96
Cash Interest Paid	8,236	8,236	2,654	830.39
Cash Income Tax Paid	8,114	8,114	16,174	9,544
Levered Free Cash Flow	-229,205	-229,205	15,683	-
Unlevered Free Cash Flow	-223,911	-223,911	17,305	-
Change in Net Working Capital	262,281	262,281	32,128	-

Source: S&P Capital IQ. Standard template. Financial Sources.