Studio Dragon 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	33,488	30,083	50,565	39,048
Depreciation & Amortization	146,621	186,115	153,306	99,071
Loss (Gain) From Sale of Assets	17.59	34.91	-72.58	651.14
Asset Writedown & Restructuring Costs	18,424	14,387	8,976	3,882
Loss (Gain) From Sale of Investments	854.2	543.02	-1,028	1,275
Loss (Gain) on Equity Investments	361.45	-96.35	-56.18	-
Stock-Based Compensation	291.67	167.34	110.78	-
Provision & Write-off of Bad Debts	676.96	103.4	21.66	47.39
Other Operating Activities	-24,668	-7,579	4,836	2,594
Change in Accounts Receivable	64,579	14,643	-37,339	-2,534
Change in Accounts Payable	-7,699	-4,513	-806.13	9,908
Change in Unearned Revenue	-2,483	-19,595	25,654	29,114
Change in Other Net Operating Assets	-50,846	-169,548	-267,079	-191,433
Operating Cash Flow	179,617	44,745	-62,912	-8,375
Operating Cash Flow Growth	301.43%	-	-	-
Capital Expenditures	-1,135	-2,862	-4,535	-2,329
Sale of Property, Plant & Equipment	7.14	13.25	636.31	486.94
Cash Acquisitions	-	-	-27,693	-
Sale (Purchase) of Intangibles	-1,144	172.69	-2,520	-758.83
Investment in Securities	7,400	-541.9	-11,892	28,289
Other Investing Activities	4,514	2,472	2,349	1,134
Investing Cash Flow	9,643	-746.71	-43,355	26,522
Short-Term Debt Issued	51,500	20,000	250,000	50,000
Total Debt Issued	51,500	20,000	250,000	50,000
Short-Term Debt Repaid	-220,000	-20,000	-80,000	-50,000
Long-Term Debt Repaid	-1,507	-1,272	-3,459	-2,904
Total Debt Repaid	-221,507	-21,272	-83,459	-52,904
Net Debt Issued (Repaid)	-170,007	-1,272	166,541	-2,904
Issuance of Common Stock	-	-	3,000	270.6
Other Financing Activities	-4,796	-7,664	-4,196	-335.77
Financing Cash Flow	-174,803	-8,936	165,344	-2,969
Foreign Exchange Rate Adjustments	5,313	-364.85	-7.97	343.36
Net Cash Flow	19,770	34,698	59,070	15,521
Free Cash Flow	178,483	41,882	-67,447	-10,705
Free Cash Flow Growth	326.15%	-	-	-
Free Cash Flow Margin	32.45%	5.56%	-9.66%	-2.20%
Free Cash Flow Per Share	5937.48	1393.36	-2246.58	-356.73
Cash Interest Paid	4,796	7,664	4,195	334.88
Cash Income Tax Paid	16,139	22,274	9,810	11,076
Levered Free Cash Flow	164,919	192,699	137,561	144,584
Unlevered Free Cash Flow	167,824	198,174	140,644	145,070
Change in Working Capital	3,551	-179,013	-279,571	-154,945

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