Cubic Korea Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	4,618	9,701	8,264	6,529	7,532
Depreciation & Amortization	8,158	8,278	7,559	7,616	7,131
Loss (Gain) From Sale of Assets	-0.91	-2.18	-19.78	-	-548.23
Loss (Gain) From Sale of Investments	-	-	-	-	-4.99
Provision & Write-off of Bad Debts	-64.35	157.87	-96.86	143.47	-2.14
Other Operating Activities	10,056	7,021	12,247	6,721	5,726
Change in Accounts Receivable	7,822	9,675	-10,484	-21,968	-4,822
Change in Inventory	973.45	-941.12	-2,786	-1,338	-3,051
Change in Accounts Payable	-5,588	-9,746	11,537	14,882	239.73
Change in Other Net Operating Assets	-16,262	-7,999	-13,809	-3,192	-10,486
Operating Cash Flow	9,713	16,145	12,409	9,394	1,714
Operating Cash Flow Growth	-39.84%	30.10%	32.10%	448.12%	-89.02%
Capital Expenditures	-9,447	-4,917	-7,252	-5,291	-7,534
Sale of Property, Plant & Equipment	0.91	2.18	25	34.01	2,930
Sale (Purchase) of Intangibles	-124.47	-181.87	-88.28	-33.8	-82.25
Investment in Securities	2,042	-1,849	276.64	-	405.32
Other Investing Activities	4	-115	-489	0	0
Investing Cash Flow	-7,525	-7,061	-7,528	-5,290	-4,281
Long-Term Debt Issued	4,570	5,271	16,295	19,625	11,113
Long-Term Debt Repaid	-5,439	-7,961	-18,275	-20,180	-20,257
Net Debt Issued (Repaid)	-868.74	-2,690	-1,980	-554.63	-9,144
Issuance of Common Stock	233.67	-	-	-	-
Dividends Paid	-1,381	-1,138	-975.01	-1,138	-812.5
Other Financing Activities	0	0	0	0	0
Financing Cash Flow	-2,016	-3,828	-2,955	-1,692	-9,956
Miscellaneous Cash Flow Adjustments	-0	-	-0	-0	-
Net Cash Flow	171.5	5,256	1,927	2,411	-12,524
Free Cash Flow	265.39	11,227	5,157	4,103	-5,820
Free Cash Flow Growth	-97.64%	117.71%	25.68%	-	-
Free Cash Flow Margin	0.12%	4.45%	2.05%	1.95%	-3.38%
Free Cash Flow Per Share	16.32	690.92	317.36	252.51	-358.16
Cash Interest Paid	756.18	852.51	1,103	887.45	735.76
Cash Income Tax Paid	2,217	1,558	1,212	1,961	2,081
Levered Free Cash Flow	-1,555	11,483	4,399	2,936	-6,664
Unlevered Free Cash Flow	-968.67	12,169	5,125	3,501	-6,208
Change in Working Capital	-13,054	-9,011	-15,544	-11,616	-18,119

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