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Changhae Ethanol Co., Ltd. (KOSDAQ:004650)
South Korea flag South Korea · Delayed Price · Currency is KRW
9,310.00
+10.00 (0.11%)
At close: Sep 28, 2026

Changhae Ethanol Cash Flow Statement

Millions KRW. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
12,61113,26712,518-3,84077.569,842
Depreciation & Amortization
5,2024,7324,5293,9583,7483,673
Loss (Gain) From Sale of Assets
-928.95-816.37429.7970.34-6.4-140.33
Asset Writedown & Restructuring Costs
--226.9-4,499-
Loss (Gain) From Sale of Investments
54.1976.17-1.06-1.134.36-4.18
Loss (Gain) on Equity Investments
-870.03-847.49-1,29213,158710.36934.11
Provision & Write-off of Bad Debts
-10.5-1.5-72.48--853.77
Other Operating Activities
1,416668.25257.042,196163.96-841.86
Change in Accounts Receivable
-1,016-1,544607.81-840.77-815.3411.06
Change in Inventory
5,3672,5254,928-3,284-9,600163.99
Change in Accounts Payable
2,7744,746-4,581-1,8575,892-1,159
Change in Other Net Operating Assets
-1,007-2,469-2,401-1,440-1,557747.95
Operating Cash Flow
23,59120,33615,2218,1913,11612,773
Operating Cash Flow Growth
54.85%33.60%85.82%162.90%-75.61%4.59%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-2,185-5,771-4,866-2,855-1,625-2,240
Sale of Property, Plant & Equipment
1,059926.811,063105.856.45.91
Cash Acquisitions
---752.82---
Sale (Purchase) of Intangibles
---2.95--254.55
Investment in Securities
-1,297-258.23321.5522.26-44.82193.65
Other Investing Activities
17.4839.93130.07--0
Investing Cash Flow
-2,706-5,062-4,107-2,727-1,664-1,786

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Short-Term Debt Issued
-51,518--2,658-
Long-Term Debt Issued
--4,000-1,350-
Total Debt Issued
31,40751,5184,000-4,008-
Short-Term Debt Repaid
--59,098-5,586-334.45--6,070
Long-Term Debt Repaid
--2,774-2,318-1,211-1,715-1,660
Total Debt Repaid
-35,274-61,872-7,904-1,545-1,715-7,730
Net Debt Issued (Repaid)
-3,867-10,354-3,904-1,5452,292-7,730
Dividends Paid
-4,552-4,552-4,552-3,794-4,552-4,552
Other Financing Activities
00-0-0-0-0
Financing Cash Flow
-8,420-14,906-8,457-5,339-2,260-12,282

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
103.43-108.2103.23-190.18-443.62322.4
Miscellaneous Cash Flow Adjustments
-0-0-0---
Net Cash Flow
12,569259.032,761-64.04-1,251-972.61

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
21,40614,56510,3555,3371,49110,533
Free Cash Flow Growth
153.64%40.66%94.03%258.02%-85.85%3.85%
Free Cash Flow Margin
17.88%11.91%7.53%4.58%1.36%10.86%
Free Cash Flow Per Share
2821.661919.651364.78703.37196.461388.20
Levered Free Cash Flow
21,65115,4838,5293,678877.278,428
Unlevered Free Cash Flow
22,53316,4839,8274,9621,8029,079

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
1,3721,5292,0422,0511,5541,116
Cash Income Tax Paid
2,8613,0463,4731,4233,1114,994
Change in Working Capital
6,1173,258-1,446-7,421-6,081163.91