Virnect Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-12,641	-10,357	-8,481	-8,976
Depreciation & Amortization	916.04	1,164	1,296	395.68
Loss (Gain) From Sale of Assets	49.85	61.08	0.59	-
Loss (Gain) From Sale of Investments	403.25	-624.84	-100.61	-
Stock-Based Compensation	12.58	269.79	388.54	236.71
Other Operating Activities	346.05	-180.72	-5,428	4,279
Change in Accounts Receivable	325.41	57.01	-330.51	-47.92
Change in Inventory	5.96	15.73	-2.5	15.64
Change in Accounts Payable	107.47	-133.09	133.44	4.79
Change in Unearned Revenue	-56.7	-	-	-
Change in Other Net Operating Assets	-409.13	-2,129	1,276	1,526
Operating Cash Flow	-10,940	-11,857	-11,248	-2,567
Capital Expenditures	-288.53	-141.59	-1,381	-713.71
Sale of Property, Plant & Equipment	2.73	40.92	3.01	-
Sale (Purchase) of Intangibles	-109.28	-265.66	-166.95	-43.48
Investment in Securities	15,299	-16,936	-13,763	1,486
Other Investing Activities	183.4	703.52	-395.83	46.25
Investing Cash Flow	15,087	-16,603	-15,704	775.43
Short-Term Debt Issued	-	-	700.31	900
Long-Term Debt Issued	-	-	5,500	500
Total Debt Issued	-	-	6,200	1,400
Short-Term Debt Repaid	-	-	-200.31	-
Long-Term Debt Repaid	-569.71	-1,029	-6,170	-324.98
Total Debt Repaid	-569.71	-1,029	-6,371	-324.98
Net Debt Issued (Repaid)	-569.71	-1,029	-170.4	1,075
Issuance of Common Stock	296.49	32,268	-	9,996
Other Financing Activities	-1.18	-1,621	-33.23	-39.87
Financing Cash Flow	-274.4	29,618	-203.63	31,031
Foreign Exchange Rate Adjustments	109.37	-8.27	-9.05	-0.28
Net Cash Flow	3,982	1,150	-27,165	29,239
Free Cash Flow	-11,229	-11,999	-12,629	-3,281
Free Cash Flow Margin	-244.15%	-184.54%	-249.77%	-91.93%
Free Cash Flow Per Share	-1010.06	-1221.21	-2555.28	-837.53
Cash Interest Paid	321.64	348.37	215.72	109.29
Cash Income Tax Paid	138.17	35.79	34.53	-1.59
Levered Free Cash Flow	-7,559	-8,464	-33,183	-
Unlevered Free Cash Flow	-7,330	-8,228	-31,953	-
Change in Net Working Capital	-74.39	2,186	23,251	-

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.