Virnect 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-11,756	-12,641	-10,357	-8,481	-8,976
Depreciation & Amortization	905.99	916.04	1,164	1,296	395.68
Loss (Gain) From Sale of Assets	48.2	49.85	61.08	0.59	-
Loss (Gain) From Sale of Investments	80.72	403.25	-624.84	-100.61	-
Stock-Based Compensation	-30.63	12.58	269.79	388.54	236.71
Other Operating Activities	345.52	346.05	-180.72	-5,428	4,279
Change in Accounts Receivable	822.17	325.41	57.01	-330.51	-47.92
Change in Inventory	8.44	5.96	15.73	-2.5	15.64
Change in Accounts Payable	-11.54	107.47	-133.09	133.44	4.79
Change in Unearned Revenue	-56.7	-56.7	-	-	-
Change in Other Net Operating Assets	-988.61	-409.13	-2,129	1,276	1,526
Operating Cash Flow	-10,632	-10,940	-11,857	-11,248	-2,567
Capital Expenditures	-216.96	-288.53	-141.59	-1,381	-713.71
Sale of Property, Plant & Equipment	-0.39	2.73	40.92	3.01	-
Sale (Purchase) of Intangibles	-103.72	-109.28	-265.66	-166.95	-43.48
Investment in Securities	14,722	15,299	-16,936	-13,763	1,486
Other Investing Activities	256.49	183.4	703.52	-395.83	46.25
Investing Cash Flow	14,670	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	-602.55	-569.71	-1,029	-6,371	-324.98
Net Debt Issued (Repaid)	-602.55	-569.71	-1,029	-170.4	1,075
Issuance of Common Stock	296.49	296.49	32,268	-	9,996
Other Financing Activities	-1.18	-1.18	-1,621	-33.23	-39.87
Financing Cash Flow	-307.24	-274.4	29,618	-203.63	31,031
Foreign Exchange Rate Adjustments	150.98	109.37	-8.27	-9.05	-0.28
Net Cash Flow	3,881	3,982	1,150	-27,165	29,239
Free Cash Flow	-10,849	-11,229	-11,999	-12,629	-3,281
Free Cash Flow Margin	-237.48%	-244.15%	-184.54%	-249.77%	-91.93%
Free Cash Flow Per Share	-973.97	-1010.06	-1221.21	-2555.28	-837.53
Cash Interest Paid	218.55	321.64	348.37	215.72	109.29
Cash Income Tax Paid	120.15	138.17	35.79	34.53	-1.59
Levered Free Cash Flow	-7,040	-7,559	-8,464	-33,183	-
Unlevered Free Cash Flow	-6,816	-7,330	-8,228	-31,953	-
Change in Working Capital	-226.24	-27	-2,189	1,077	1,498

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