MediaZen Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2019	FY 2018
Period Ending	Dec '19 Dec 31, 2019	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Net Income	-549.93	-549.93	-532.69
Depreciation & Amortization	271.59	271.59	230.48
Loss (Gain) From Sale of Assets	0.43	0.43	13.51
Loss (Gain) From Sale of Investments	-4.2	-4.2	-2.08
Provision & Write-off of Bad Debts	9.26	9.26	-9.83
Other Operating Activities	563.24	563.24	1,142
Change in Accounts Receivable	-328.11	-328.11	1,069
Change in Inventory	19.89	19.89	-19.89
Change in Accounts Payable	915.39	915.39	-
Change in Other Net Operating Assets	-1,890	-1,890	-1,056
Operating Cash Flow	-992.85	-992.85	834.22
Capital Expenditures	-4,721	-4,721	-254.28
Sale of Property, Plant & Equipment	11.05	11.05	-
Sale (Purchase) of Intangibles	-10.67	-10.67	-55.12
Investment in Securities	-6,215	-6,215	35.9
Other Investing Activities	146.53	146.53	-70.31
Investing Cash Flow	-10,789	-10,789	-343.8
Short-Term Debt Issued	2,393	2,393	-
Long-Term Debt Issued	3,602	3,602	-
Total Debt Issued	5,995	5,995	-
Short-Term Debt Repaid	-2,393	-2,393	-
Long-Term Debt Repaid	-50.46	-50.46	-
Total Debt Repaid	-2,444	-2,444	-
Net Debt Issued (Repaid)	3,551	3,551	-
Issuance of Common Stock	9,785	9,785	70.48
Financing Cash Flow	13,336	13,336	70.48
Foreign Exchange Rate Adjustments	-18.05	-18.05	-8.09
Net Cash Flow	1,536	1,536	552.81
Free Cash Flow	-5,714	-5,714	579.94
Free Cash Flow Margin	-41.32%	-41.32%	4.33%
Free Cash Flow Per Share	-1479.82	-1479.82	194.77
Cash Interest Paid	135.69	135.69	92.24
Cash Income Tax Paid	-6.76	-6.76	21.84
Levered Free Cash Flow	-4,661	-4,661	-
Unlevered Free Cash Flow	-4,647	-4,647	-
Change in Net Working Capital	-276.13	-276.13	-

Source: S&P Capital IQ. Standard template. Financial Sources.