ADforus Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2022	FY 2021
Period Ending	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	3,725	3,090
Depreciation & Amortization	307.14	176.89
Loss (Gain) on Equity Investments	-237.37	-69.2
Stock-Based Compensation	94.95	15.69
Provision & Write-off of Bad Debts	145.78	2.51
Other Operating Activities	554	866.94
Change in Accounts Receivable	-4,351	1,304
Change in Accounts Payable	3,092	870.66
Change in Other Net Operating Assets	-126.81	-2,684
Operating Cash Flow	3,204	3,574
Operating Cash Flow Growth	-10.35%	-
Capital Expenditures	-21.22	-4,805
Cash Acquisitions	-	-1,508
Sale (Purchase) of Intangibles	-16.12	-15.6
Investment in Securities	-249.63	-103.85
Other Investing Activities	19.25	-31.93
Investing Cash Flow	-206.74	-5,896
Short-Term Debt Issued	-	4,086
Total Debt Issued	-	4,086
Short-Term Debt Repaid	-4,460	-378.52
Long-Term Debt Repaid	-120.35	-96.67
Total Debt Repaid	-4,580	-475.19
Net Debt Issued (Repaid)	-4,580	3,611
Issuance of Common Stock	-	238.5
Dividends Paid	-	-100
Other Financing Activities	-	193
Financing Cash Flow	-2,580	5,943
Foreign Exchange Rate Adjustments	-0.53	0.51
Net Cash Flow	416.26	3,621
Free Cash Flow	3,183	-1,231
Free Cash Flow Margin	9.30%	-6.51%
Free Cash Flow Per Share	5638.94	-2356.37
Cash Interest Paid	105.15	69.79
Cash Income Tax Paid	1,296	144.76
Levered Free Cash Flow	2,159	-
Unlevered Free Cash Flow	2,359	-
Change in Working Capital	-1,386	-509.44

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