INCAR FINANCIAL SERVICE Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	62,026	29,509	20,788	16,396	11,288
Depreciation & Amortization	13,407	12,330	11,009	8,725	7,867
Loss (Gain) From Sale of Assets	102.48	124.83	53.44	62.3	136.77
Loss (Gain) From Sale of Investments	-510.78	-519.74	778.89	-	-5.17
Provision & Write-off of Bad Debts	1,185	1,621	27.13	638.3	912.05
Other Operating Activities	17,545	11,807	5,997	4,592	1,905
Change in Income Taxes	-67.51	-175.52	8.42	-30.5	-
Change in Other Net Operating Assets	-18,090	-46,000	-39,547	-30,932	-14,439
Operating Cash Flow	75,598	8,697	-884.91	-549.5	7,664
Operating Cash Flow Growth	769.28%	-	-	-	-
Capital Expenditures	-1,169	-459.07	-833.27	-1,284	-566.73
Sale of Property, Plant & Equipment	-	16.73	56.83	-	0.91
Cash Acquisitions	-2,102	-	-	-	-
Divestitures	1.91	19.21	-	-	-
Sale (Purchase) of Intangibles	-577.68	-1,617	-481.27	-310.52	295.97
Investment in Securities	-43,163	-26,030	-243.09	15,803	-10,793
Other Investing Activities	-737.01	-2,598	-1,546	-2,084	-552.41
Investing Cash Flow	-45,887	-28,671	-2,949	8,939	-12,043
Short-Term Debt Issued	-	-	15,000	1,000	15,300
Long-Term Debt Issued	-	49,318	-	-	-
Total Debt Issued	-	49,318	15,000	1,000	15,300
Short-Term Debt Repaid	-6,537	-14,800	-13,250	-500	-1,000
Long-Term Debt Repaid	-12,138	-11,186	-9,899	-7,615	-7,308
Total Debt Repaid	-18,675	-25,986	-23,149	-8,115	-8,308
Net Debt Issued (Repaid)	-18,675	23,332	-8,149	-7,115	6,992
Issuance of Common Stock	-	-	11,144	-	-
Repurchase of Common Stock	-6,920	-3,090	-	-	-
Dividends Paid	-3,522	-3,083	-	-	-
Other Financing Activities	-	-	-0	-	-
Financing Cash Flow	-29,116	17,159	2,995	-7,115	6,992
Miscellaneous Cash Flow Adjustments	-	-	-0	-0	-
Net Cash Flow	594.46	-2,815	-839.43	1,275	2,613
Free Cash Flow	74,429	8,238	-1,718	-1,834	7,097
Free Cash Flow Growth	803.54%	-	-	-	-
Free Cash Flow Margin	8.94%	1.48%	-0.43%	-0.58%	2.36%
Free Cash Flow Per Share	1511.95	160.51	-33.92	-40.80	157.93
Cash Interest Paid	8,111	7,671	616.32	451.28	325.5
Cash Income Tax Paid	1,226	4.3	-	582.27	1,790
Levered Free Cash Flow	89,120	10,381	-1,535	-3,722	-
Unlevered Free Cash Flow	94,801	15,923	-742.34	-3,188	-
Change in Net Working Capital	-29,223	23,442	27,621	23,527	-

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.