Kakao Games Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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	-111,532	-108,917	-228,746	-233,641	528,656	85,971
Depreciation & Amortization	52,507	72,251	96,021	93,284	43,263	22,237
Loss (Gain) From Sale of Assets	2,909	-3,125	475.42	-48,522	-1,290	121.07
Asset Writedown & Restructuring Costs	43,430	34,810	431,988	13,008	22,149	24,396
Loss (Gain) From Sale of Investments	47,098	48,160	251.47	8,543	1,189	-36,976
Loss (Gain) on Equity Investments	35,778	34,119	-2,119	189,147	-676,830	374.68
Stock-Based Compensation	1,371	5,608	11,295	13,118	6,944	1,932
Provision & Write-off of Bad Debts	2,197	764.24	1,114	160.39	376.82	129.25
Other Operating Activities	-91,429	-39,190	-190,746	181,023	246,661	-1,207
Change in Accounts Receivable	9,987	6,089	-41,932	7,063	78,685	-12,055
Change in Inventory	11,526	14,244	41,046	-65,243	-11,024	58.32
Change in Accounts Payable	-10,453	-18,496	28,413	14,764	-21,407	12,388
Change in Other Net Operating Assets	-36,006	-18,928	-22,439	-38,879	10,414	-15,081
Operating Cash Flow	-42,619	27,388	124,621	133,825	227,786	82,289
Operating Cash Flow Growth	-	-78.02%	-6.88%	-41.25%	176.81%	17.14%
Capital Expenditures	-10,139	-12,532	-27,582	-23,572	-10,995	-27,783
Sale of Property, Plant & Equipment	2,269	2,930	455.27	591.71	113.96	101.05
Cash Acquisitions	0	-988.67	-34,892	-34,561	-426,698	-91,073
Sale (Purchase) of Intangibles	-2,426	17.22	-7,916	7,418	-15,280	-1,705
Investment in Securities	-116,465	69,936	34,102	-130,946	-337,736	-38,784
Other Investing Activities	155,354	21,302	-13,666	-771,311	-11,097	-9,023
Investing Cash Flow	28,794	85,364	-53,998	-963,585	-803,991	-168,367
Short-Term Debt Issued	-	190,000	2,169	43,336	1,000	-
Long-Term Debt Issued	-	408,266	7,000	610,821	495,958	-
Total Debt Issued	108,158	598,266	9,169	654,157	496,958	-
Short-Term Debt Repaid	-	-265,785	-24,635	-26,006	-3,044	-12,401
Long-Term Debt Repaid	-	-475,044	-22,569	-15,945	-16,352	-18,790
Total Debt Repaid	-142,548	-740,829	-47,204	-41,951	-19,396	-31,192
Net Debt Issued (Repaid)	-34,390	-142,563	-38,035	612,206	477,562	-31,192
Issuance of Common Stock	2,929	5,955	3,701	206,965	218,150	410,744
Repurchase of Common Stock	-	-	-	-48,973	-	-
Other Financing Activities	-3,163	-500	-9,565	-126,125	122,367	-0
Financing Cash Flow	-34,623	-137,107	-43,900	644,073	818,079	408,689
Foreign Exchange Rate Adjustments	2,644	238.82	224.6	3,781	-427.23	-2,486
Miscellaneous Cash Flow Adjustments	0	-	-	-	-	-
Net Cash Flow	-45,805	-24,117	26,948	-181,906	241,447	320,125
Free Cash Flow	-52,758	14,856	97,039	110,254	216,791	54,506
Free Cash Flow Growth	-	-84.69%	-11.98%	-49.14%	297.74%	-17.46%
Free Cash Flow Margin	-10.56%	2.37%	13.37%	9.61%	21.41%	11.00%
Free Cash Flow Per Share	-643.55	181.63	1189.29	1392.80	2605.19	866.86
Cash Interest Paid	39,863	48,905	36,282	11,799	2,781	741.74
Cash Income Tax Paid	24,151	33,924	54,615	81,225	3,715	4,156
Levered Free Cash Flow	-21,996	197,201	111,569	-438,741	642,515	15,959
Unlevered Free Cash Flow	11,876	231,072	133,532	-429,291	646,826	19,048
Change in Working Capital	-24,946	-17,091	5,088	-82,295	56,667	-14,689

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