TigerElec Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012
Net Income	2,294	2,772	2,090	3,756
Depreciation & Amortization	1,857	1,665	1,263	1,041
Loss (Gain) From Sale of Assets	2.38	21.73	-	-
Loss (Gain) From Sale of Investments	13.52	-	-	-
Other Operating Activities	542.36	806.61	-540.38	-591
Change in Accounts Receivable	-1,155	-1,224	304	-34.28
Change in Inventory	-715.58	-1,130	-970.26	33.92
Change in Accounts Payable	76.75	82.54	-41.92	-97.96
Change in Other Net Operating Assets	-372.98	75.16	-161.83	-8.31
Operating Cash Flow	2,542	3,070	1,943	4,099
Operating Cash Flow Growth	-17.19%	58.01%	-52.61%	-
Capital Expenditures	-1,587	-1,973	-1,032	-2,294
Sale of Property, Plant & Equipment	32.5	21.67	59.46	49.89
Divestitures	-	-	193.96	-
Investment in Securities	26.54	-	-	237.6
Other Investing Activities	130.32	-172.66	-74.29	-22.34
Investing Cash Flow	-1,398	-2,124	-853.32	-2,029
Long-Term Debt Issued	-	-	1,000	-
Long-Term Debt Repaid	-3,534	-1,618	-3,798	-2,572
Net Debt Issued (Repaid)	-3,534	-1,618	-2,798	-2,572
Issuance of Common Stock	9,183	-	-	1,900
Financing Cash Flow	5,649	-1,618	679.55	-672.38
Foreign Exchange Rate Adjustments	1.02	-0.6	-1.22	-0.11
Miscellaneous Cash Flow Adjustments	0	-0	0	0
Net Cash Flow	6,794	-673.9	1,768	1,398
Free Cash Flow	954.79	1,096	910.18	1,805
Free Cash Flow Growth	-12.89%	20.43%	-49.58%	-
Free Cash Flow Margin	3.55%	4.23%	4.17%	8.56%
Free Cash Flow Per Share	185.18	250.28	2193.20	40130.56
Cash Interest Paid	166.12	238.9	203.22	263.18
Cash Income Tax Paid	1,014	475.15	928.1	1,265
Levered Free Cash Flow	-266.57	-48.83	101.8	-
Unlevered Free Cash Flow	-38.34	177.52	260.37	-
Change in Working Capital	-2,167	-2,196	-870.01	-106.63

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