Sapien Semiconductors Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-4,788	-17,082	-13,112	-7,080	-22.32
Depreciation & Amortization	1,256	934.04	710.57	460.76	170.9
Loss (Gain) From Sale of Assets	-	-	41.03	-	-
Stock-Based Compensation	615.14	457.49	652.97	666.35	-
Provision & Write-off of Bad Debts	267.18	-	-	-	2.83
Other Operating Activities	127.77	13,542	6,828	4,277	1.02
Change in Accounts Receivable	3,385	-5,237	-193.95	230.16	-284.42
Change in Inventory	-478.78	-9.65	752.8	-1,869	-
Change in Accounts Payable	2,661	2,365	10.9	-	-
Change in Other Net Operating Assets	1,482	1,032	-182.85	-426.12	204.79
Operating Cash Flow	4,529	-3,998	-4,492	-3,741	72.81
Operating Cash Flow Growth	-	-	-	-	-85.82%
Capital Expenditures	-535.76	-401.98	-14,336	-1,651	-418.51
Sale of Property, Plant & Equipment	-	-	-	-	12.36
Cash Acquisitions	-	813.3	-	-	-
Sale (Purchase) of Intangibles	-25	-278.99	-5.17	-100.4	-57.89
Investment in Securities	-999.9	7,116	-	-	-
Other Investing Activities	-114.49	-209.97	-30.66	-92.68	-77.35
Investing Cash Flow	-1,675	7,038	-14,372	-1,844	-541.39
Long-Term Debt Issued	-	-	9,300	200	-
Total Debt Issued	-	-	9,300	200	-
Short-Term Debt Repaid	-	-	-	-500	-
Long-Term Debt Repaid	-183.46	-58.13	-83.47	-169.52	-
Total Debt Repaid	-183.46	-58.13	-83.47	-669.52	-
Net Debt Issued (Repaid)	-183.46	-58.13	9,217	-469.52	-
Issuance of Common Stock	593.53	366.91	6,000	26	5,992
Repurchase of Common Stock	-	-44.58	-	-	-
Other Financing Activities	68.21	-153.36	-3.46	-	120.15
Financing Cash Flow	478.29	110.85	22,213	-443.52	6,113
Foreign Exchange Rate Adjustments	-373.16	150.72	2.14	-1.02	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0
Net Cash Flow	2,959	3,302	3,351	-6,029	5,644
Free Cash Flow	3,993	-4,400	-18,829	-5,392	-345.7
Free Cash Flow Margin	23.06%	-55.05%	-586.51%	-74.96%	-8.58%
Free Cash Flow Per Share	487.86	-555.60	-3123.31	-1210.12	-154.92
Cash Interest Paid	379.34	468.48	296.86	4.96	-
Cash Income Tax Paid	-0.92	0.75	-0.08	0.36	-
Levered Free Cash Flow	5,500	-3,726	-27,801	7,515	-475.66
Unlevered Free Cash Flow	5,733	-3,435	-27,405	7,786	-468.57
Change in Working Capital	7,050	-1,850	386.9	-2,065	-79.63

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