Haesung Industrial 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	-24,040	5,839	-29,337	25,565	49,449
Depreciation & Amortization	101,379	92,565	94,874	98,038	83,246
Loss (Gain) From Sale of Assets	-723.32	-48.87	153.73	-129.81	139.62
Asset Writedown & Restructuring Costs	61,390	20,399	93,229	47,469	5,191
Loss (Gain) From Sale of Investments	186.58	1,154	-1,385	979.08	-1,244
Loss (Gain) on Equity Investments	-265.27	-234.7	-281.95	-271.58	-25,377
Provision & Write-off of Bad Debts	-1,335	4,419	964.69	1,094	-146.44
Other Operating Activities	-1,237	39,446	-13,443	121,421	58,492
Change in Accounts Receivable	-6,781	11,366	12,034	-60,358	-54,583
Change in Inventory	10,743	-71,889	104,245	-106,221	-58,986
Change in Accounts Payable	9,412	-30,573	34,250	11,309	4,836
Change in Other Net Operating Assets	-13,117	-40,851	-42,246	-21,359	-18,454
Operating Cash Flow	135,612	31,591	253,058	117,536	42,562
Operating Cash Flow Growth	329.27%	-87.52%	115.30%	176.15%	-9.87%
Capital Expenditures	-163,600	-194,785	-141,513	-124,301	-58,497
Sale of Property, Plant & Equipment	1,886	1,786	10,025	3,452	569.49
Cash Acquisitions	-	-	-	-11,019	26,646
Sale (Purchase) of Intangibles	-3,570	-11,399	-4,422	-3,352	-2,631
Investment in Securities	15,805	4,828	20,548	-65,363	10,735
Other Investing Activities	12,391	16,492	428.93	153.74	2,703
Investing Cash Flow	-137,088	-183,078	-114,933	-200,422	-20,475
Long-Term Debt Issued	1,175,458	1,025,861	973,087	1,127,167	669,197
Long-Term Debt Repaid	-1,115,686	-965,343	-994,976	-992,306	-641,195
Net Debt Issued (Repaid)	59,772	60,517	-21,890	134,861	28,002
Issuance of Common Stock	97.52	-	-	-	6,630
Repurchase of Common Stock	-	-3.23	-1,090	-	-2,932
Common Dividends Paid	-16,540	-18,142	-17,171	-12,593	-11,595
Other Financing Activities	335.27	-344.85	-1,436	31.65	-1,817
Financing Cash Flow	43,664	42,028	-41,587	122,300	18,288
Foreign Exchange Rate Adjustments	-353.6	1,055	-1,170	-622.3	138.76
Net Cash Flow	41,835	-108,404	95,368	38,791	40,514
Free Cash Flow	-27,987	-163,194	111,545	-6,766	-15,934
Free Cash Flow Margin	-1.24%	-7.35%	4.83%	-0.27%	-0.85%
Free Cash Flow Per Share	-902.27	-5254.83	3812.61	-264.37	-651.46
Cash Interest Paid	29,783	28,796	31,035	17,246	10,814
Cash Income Tax Paid	8,895	14,292	57,713	24,060	15,002
Levered Free Cash Flow	-68,801	-168,224	95,157	217.19	-203,471
Unlevered Free Cash Flow	-49,561	-148,597	115,305	11,721	-196,706
Change in Working Capital	256.74	-131,947	108,283	-176,629	-127,187

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