Korea Ratings Corporation (KOSDAQ:034950)
South Korea · Delayed Price · Currency is KRW 104,000
+900 (0.87%)
Sep 18, 2026, 1:20 PM KST
Korea Ratings Cash Flow Statement
Financials in millions KRW. Fiscal year is January - December.
Millions KRW. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 25,374 | 25,229 | 24,433 | 20,385 | 20,441 | 22,261 |
Depreciation & Amortization | 2,717 | 2,387 | 3,721 | 5,421 | 5,859 | 4,669 |
Loss (Gain) From Sale of Assets | -4.09 | -0.58 | 0.33 | -2.8 | -3.2 | -4.66 |
Provision & Write-off of Bad Debts | 133.1 | 243.91 | 251.36 | 100.49 | 15.07 | 9.06 |
Other Operating Activities | 4,371 | 2,812 | 6,346 | 439.08 | 401.93 | 4,756 |
Change in Accounts Receivable | -559.96 | 422.39 | -2,209 | 842.07 | 1,245 | -1,274 |
Change in Accounts Payable | 0.02 | -0.01 | -0.06 | -0.04 | -0.13 | 0.35 |
Change in Other Net Operating Assets | 1,465 | 797.61 | 2,861 | 463.46 | -3,523 | 3,169 |
Operating Cash Flow | 33,496 | 31,890 | 35,403 | 27,648 | 24,435 | 33,586 |
Operating Cash Flow Growth | 5.79% | -9.92% | 28.05% | 13.15% | -27.25% | 9.95% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -471.2 | -701.21 | -273.96 | -255.2 | -192.82 | -64.56 |
Sale of Property, Plant & Equipment | 4.56 | 0.37 | - | 1.28 | 0.52 | - |
Sale (Purchase) of Intangibles | -3,170 | -2,403 | -1,313 | -324 | -1,415 | -5,727 |
Investment in Securities | - | - | - | - | - | 1,000 |
Other Investing Activities | -121.35 | -302.51 | -150.42 | -180.74 | 556.68 | -7.6 |
Investing Cash Flow | -4,557 | -3,900 | -2,031 | -2,122 | -1,537 | -5,651 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Repaid | - | -691.47 | -702.47 | -690.49 | -753.57 | -773.89 |
Net Debt Issued (Repaid) | -682.48 | -691.47 | -702.47 | -690.49 | -753.57 | -773.89 |
Dividends Paid | -39,027 | -23,810 | -19,756 | -32,948 | -25,712 | -15,685 |
Other Financing Activities | - | -0 | - | - | - | -0 |
Financing Cash Flow | -39,709 | -24,502 | -20,459 | -33,639 | -26,466 | -16,459 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Miscellaneous Cash Flow Adjustments | -0 | -0 | -0 | - | - | -0 |
Net Cash Flow | -10,770 | 3,489 | 12,913 | -8,113 | -3,567 | 11,476 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 33,024 | 31,189 | 35,129 | 27,393 | 24,242 | 33,522 |
Free Cash Flow Growth | 6.34% | -11.21% | 28.24% | 13.00% | -27.68% | 12.23% |
Free Cash Flow Margin | 29.82% | 28.41% | 33.76% | 28.66% | 23.87% | 32.07% |
Free Cash Flow Per Share | 7403.25 | 6991.71 | 7874.48 | 6140.71 | 5434.40 | 7514.59 |
Levered Free Cash Flow | 22,127 | 20,844 | 25,191 | 19,396 | 19,523 | 23,454 |
Unlevered Free Cash Flow | 22,171 | 20,888 | 25,273 | 19,461 | 19,538 | 23,471 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 42.91 | 58.35 | 99.42 | 97.74 | 13.44 | 22.57 |
Cash Income Tax Paid | 7,798 | 8,913 | 5,368 | 9,403 | 11,045 | 9,835 |
Change in Working Capital | 905.1 | 1,220 | 651.45 | 1,305 | -2,279 | 1,896 |