Shindo Eng. Lab. 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	1,809	-564.07	-3,348	-400.89	1,637
Depreciation & Amortization	126.31	852.18	927.86	1,022	1,279
Loss (Gain) From Sale of Assets	-36	-5.18	-	-	-
Asset Writedown & Restructuring Costs	-	1,401	198	-	648
Provision & Write-off of Bad Debts	-94.08	-1,924	750.57	1,535	448.62
Other Operating Activities	1,166	-2,968	1,368	-1,554	-2,104
Change in Accounts Receivable	-1,048	5,210	218.82	-2,573	4,302
Change in Inventory	61.39	531.82	1,963	-2,572	36.4
Change in Accounts Payable	1,067	-75.23	-437.59	-387.93	-1,698
Change in Other Net Operating Assets	-8,054	8,631	-342.47	3,848	4,428
Operating Cash Flow	-5,002	11,090	1,298	-1,083	8,978
Operating Cash Flow Growth	-	754.56%	-	-	-
Capital Expenditures	-167.18	-35.91	-1,871	-110.82	-1,393
Sale of Property, Plant & Equipment	36	5.18	-	-	-
Sale (Purchase) of Intangibles	-18.59	-16.23	-0.29	-52.39	-106.83
Investment in Securities	20,000	-20,000	-	-	-
Other Investing Activities	-0	0	-	7.98	-
Investing Cash Flow	19,850	-20,047	-1,872	-155.23	-1,500
Short-Term Debt Issued	6,000	-	1,000	1,500	-
Total Debt Issued	6,000	-	1,000	1,500	-
Short-Term Debt Repaid	-6,000	-1,000	-3,000	-11,000	-
Long-Term Debt Repaid	-534.14	-498.78	-490.58	-471.61	-483.58
Total Debt Repaid	-6,534	-1,499	-3,491	-11,472	-483.58
Net Debt Issued (Repaid)	-534.14	-1,499	-2,491	-9,972	-483.58
Repurchase of Common Stock	-	-	-	-	-2,942
Other Financing Activities	-	-	58.09	-30.45	-58.09
Financing Cash Flow	-534.14	-1,499	-2,432	-10,002	-3,484
Foreign Exchange Rate Adjustments	-636.1	2,435	312.06	1,364	1,849
Net Cash Flow	13,678	-8,021	-2,694	-9,876	5,843
Free Cash Flow	-5,169	11,054	-573.71	-1,193	7,585
Free Cash Flow Margin	-16.19%	104.31%	-2.76%	-5.47%	19.06%
Free Cash Flow Per Share	-325.71	705.48	-36.46	-75.83	476.83
Cash Interest Paid	118.13	39.01	102.37	214.17	331.27
Cash Income Tax Paid	100.27	30.02	558.58	1.23	-326.93
Levered Free Cash Flow	-7,583	4,908	-3,801	-1,621	2,014
Unlevered Free Cash Flow	-7,509	4,932	-3,740	-1,489	2,223
Change in Working Capital	-7,974	14,297	1,402	-1,685	7,069

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