Yuhan Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	212,295	194,079	70,687	136,198	95,144	102,583
Depreciation & Amortization	71,936	69,156	63,041	44,410	43,019	52,671
Loss (Gain) From Sale of Assets	-9,381	-9,411	-5,657	-131.94	-179.8	623.58
Asset Writedown & Restructuring Costs	4,670	-373.18	35,060	1,261	5,056	5,147
Loss (Gain) From Sale of Investments	-212.44	2,495	1,671	54.48	-2,052	6,643
Loss (Gain) on Equity Investments	-133,485	-125,297	-35,464	-81,366	-42,379	-75,855
Stock-Based Compensation	554.72	788.41	1,313	339.47	464.45	689.45
Provision & Write-off of Bad Debts	4,847	2,580	-144.61	1,329	2,082	-1,415
Other Operating Activities	90,561	108,609	48,457	50,432	108,425	68,863
Change in Accounts Receivable	-54,189	-88,299	-48,196	-63,424	-37,344	-16,918
Change in Inventory	-50,297	-33,502	-58,641	-5,397	-381.58	-26,106
Change in Accounts Payable	26,111	-310.19	-4,363	44,512	-7,808	20,557
Change in Other Net Operating Assets	-24,948	-14,288	-13,163	15,912	-64,518	-38,481
Operating Cash Flow	138,461	106,227	54,602	144,128	99,529	99,000
Operating Cash Flow Growth	172.34%	94.55%	-62.12%	44.81%	0.53%	243.39%
Capital Expenditures	-110,746	-109,860	-117,079	-161,480	-65,802	-46,151
Sale of Property, Plant & Equipment	11,735	11,561	4,300	180.69	23.91	178.38
Cash Acquisitions	0	-0.03	-	-	-	-
Divestitures	-	-	2,719	12,557	1,936	-
Sale (Purchase) of Intangibles	-27,135	-32,900	-16,837	-42,423	-36,083	-35,124
Investment in Securities	42,256	36,280	20,020	-53,719	128,899	-145,948
Other Investing Activities	29,797	23,449	-10,489	45,738	-13,490	59,802
Investing Cash Flow	-53,570	-70,954	-117,369	-199,229	15,621	-167,143
Short-Term Debt Issued	-	65,500	72,311	59,500	-	27,000
Long-Term Debt Issued	-	14,200	57,400	58,200	-	1,900
Total Debt Issued	40,700	79,700	129,711	117,700	-	28,900
Short-Term Debt Repaid	-	-33,754	-32,536	-2,120	-5,000	-6,500
Long-Term Debt Repaid	-	-13,833	-8,905	-29,673	-25,044	-23,783
Total Debt Repaid	-50,698	-47,586	-41,440	-31,793	-30,044	-30,283
Net Debt Issued (Repaid)	-9,998	32,114	88,271	85,907	-30,044	-1,383
Issuance of Common Stock	35,762	35,456	-	-	-	-
Repurchase of Common Stock	-20,000	-20,000	-2,512	-7,457	-16,459	-16,418
Common Dividends Paid	-37,481	-37,481	-32,145	-27,269	-26,080	-24,941
Other Financing Activities	-1,529	-2,045	12,223	12,065	7,040	6,208
Financing Cash Flow	-33,246	8,044	65,836	63,247	-65,542	-36,533
Foreign Exchange Rate Adjustments	1,864	-1,228	4,149	-1,924	-10,160	4,773
Net Cash Flow	53,509	42,089	7,218	6,222	39,449	-99,903
Free Cash Flow	27,715	-3,632	-62,477	-17,352	33,727	52,849
Free Cash Flow Growth	-	-	-	-	-36.18%	-
Free Cash Flow Margin	1.25%	-0.17%	-3.02%	-0.93%	1.90%	3.13%
Free Cash Flow Per Share	371.34	-48.65	-833.67	-220.40	427.75	699.13
Cash Interest Paid	11,927	11,726	12,117	4,296	3,112	2,707
Cash Income Tax Paid	31,923	26,499	27,272	32,895	66,219	39,155
Levered Free Cash Flow	-59,861	-95,032	-131,621	-132,067	-85,726	-13,343
Unlevered Free Cash Flow	-49,979	-85,404	-122,415	-128,129	-83,558	-11,503
Change in Working Capital	-103,324	-136,399	-124,363	-8,398	-110,052	-60,947