Heartland Financial USA 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-189.39	1,373	2,460
Depreciation & Amortization	3,237	3,085	2,634
Loss (Gain) From Sale of Assets	-2.66	-2.67	-
Loss (Gain) From Sale of Investments	-982.66	-977.08	-113.85
Loss (Gain) on Equity Investments	309.05	309.05	-
Stock-Based Compensation	-13.78	28.12	60.72
Provision & Write-off of Bad Debts	1,927	1,927	68.16
Other Operating Activities	-1,964	-2,455	1,097
Change in Accounts Receivable	572.43	383.86	-1,268
Change in Inventory	-638.81	-687.06	-876.22
Change in Accounts Payable	-1,375	-1,213	1,466
Change in Other Net Operating Assets	-1,448	-1,620	-1,012
Operating Cash Flow	-568.11	150.88	4,516
Operating Cash Flow Growth	-	-96.66%	-
Capital Expenditures	-443.4	-408.76	-189.09
Sale of Property, Plant & Equipment	68.69	68.66	-
Cash Acquisitions	1,650	1,650	-
Sale (Purchase) of Intangibles	-21.5	-169.5	-18.65
Investment in Securities	17,893	-2,252	-4,918
Other Investing Activities	486.06	141.14	-48.5
Investing Cash Flow	16,133	-4,470	-5,174
Long-Term Debt Issued	-	19,700	-
Short-Term Debt Repaid	-	-127.11	-
Long-Term Debt Repaid	-	-11,593	-2,129
Total Debt Repaid	-12,203	-11,720	-2,129
Net Debt Issued (Repaid)	-12,503	7,980	-2,129
Issuance of Common Stock	48.13	48.13	115.65
Repurchase of Common Stock	-1,993	-1,993	-
Other Financing Activities	61.48	60.48	-42
Financing Cash Flow	-14,387	6,095	-2,055
Net Cash Flow	1,179	1,776	-2,714
Free Cash Flow	-1,012	-257.89	4,327
Free Cash Flow Margin	-2.19%	-0.55%	10.54%
Free Cash Flow Per Share	-48.93	-9.21	203.65
Cash Interest Paid	223.39	280.07	336.31
Cash Income Tax Paid	86.14	557.81	77.03
Levered Free Cash Flow	-	2,398	-
Unlevered Free Cash Flow	-	3,639	-
Change in Net Working Capital	-	-2,597	-

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