KOREA ADVANCED MATERIALS 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	-12,460	-14,301	-4,027	504.78	-14,696
Depreciation & Amortization	412.92	622.95	703.37	840.95	1,489
Loss (Gain) From Sale of Assets	-17.37	-32.47	-360.68	-	52.8
Asset Writedown & Restructuring Costs	332.34	405.33	-	-	1,434
Loss (Gain) From Sale of Investments	-115.11	-	200.42	0.4	9.46
Provision & Write-off of Bad Debts	-1.31	-191.66	167	7.32	71.33
Other Operating Activities	10,620	11,151	1,882	0.78	7,371
Change in Accounts Receivable	605.53	2,629	624.03	-1,201	-1,929
Change in Inventory	21.21	430.89	-223.34	-1,255	680.15
Change in Accounts Payable	-324.91	-3,348	-1,649	2,809	1,005
Change in Other Net Operating Assets	-642.65	-313.62	-392.34	-185.2	-788.77
Operating Cash Flow	-1,569	-2,948	-3,075	1,523	-5,302
Capital Expenditures	-165.22	-15.62	-49.16	-32.45	-293
Sale of Property, Plant & Equipment	19	42	-	-	-
Sale (Purchase) of Intangibles	-	53.64	-	-	20
Investment in Securities	-2,799	-45	76.54	244.25	23.05
Other Investing Activities	3,150	13	3.7	-39.6	-
Investing Cash Flow	204.66	48.02	31.08	172.2	-249.95
Short-Term Debt Issued	-	1,130	5,200	1,150	2,369
Long-Term Debt Issued	-	5,100	-	-	1,000
Total Debt Issued	-	6,230	5,200	1,150	3,369
Short-Term Debt Repaid	-3,694	-1,840	-1,363	-1,310	-868.96
Long-Term Debt Repaid	-4,103	-589.55	-2,733	-1,387	-1,135
Total Debt Repaid	-7,797	-2,430	-4,096	-2,697	-2,004
Net Debt Issued (Repaid)	-7,797	3,800	1,104	-1,547	1,365
Issuance of Common Stock	-	12,617	-	-	-
Other Financing Activities	5	-45.78	-56.26	-24.76	-3.76
Financing Cash Flow	-7,792	16,372	1,048	-1,571	1,361
Foreign Exchange Rate Adjustments	36.7	35.83	4.36	-93.06	-7.08
Net Cash Flow	-9,120	13,508	-1,992	30.49	-4,198
Free Cash Flow	-1,734	-2,963	-3,125	1,490	-5,595
Free Cash Flow Margin	-48.44%	-45.56%	-21.68%	7.00%	-41.57%
Free Cash Flow Per Share	-83.66	-305.21	-335.68	159.42	-601.12
Cash Interest Paid	393.67	655.59	613.03	446.79	299.06
Cash Income Tax Paid	28.46	-0.8	2.57	-1.9	-2.91
Levered Free Cash Flow	-11,499	10,229	-2,068	875.69	-1,128
Unlevered Free Cash Flow	-11,163	10,679	-1,687	1,165	-938.8
Change in Working Capital	-340.81	-601.57	-1,640	168.42	-1,033

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