Doosan 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	75,785	-226,167	-388,278	-696,399	203,909
Depreciation & Amortization	808,698	767,216	704,348	618,202	612,606
Loss (Gain) From Sale of Assets	11,200	1,739	-3,571	424	-14,423
Asset Writedown & Restructuring Costs	-16,159	247,060	193,113	440,282	-33,347
Loss (Gain) From Sale of Investments	17,747	-112,335	165,569	45,144	6,630
Loss (Gain) on Equity Investments	-26,259	-21,629	42,248	343,449	-3,212
Stock-Based Compensation	135,375	28,583	13,004	6,531	-
Provision & Write-off of Bad Debts	22,803	-5,486	28,806	21,692	18,124
Other Operating Activities	650,195	681,490	720,799	436,879	519,813
Change in Accounts Receivable	-833,247	-70,084	-57,745	-507,832	-224,849
Change in Inventory	73,630	80,763	-295,562	-682,822	-539,498
Change in Accounts Payable	948,312	-327,821	34,358	563,274	534,209
Change in Unearned Revenue	-201,152	-491,373	557,488	303,650	181,298
Change in Other Net Operating Assets	-685,020	-244,126	194,131	-359,291	-538,829
Operating Cash Flow	981,908	307,830	1,908,708	533,183	722,430
Operating Cash Flow Growth	218.98%	-83.87%	257.98%	-26.20%	470.93%
Capital Expenditures	-570,196	-714,242	-585,004	-701,059	-382,868
Sale of Property, Plant & Equipment	33,653	71,054	12,572	50,131	128,639
Cash Acquisitions	-31,420	-205,208	-	-386,006	-
Divestitures	395,089	10,446	16,832	108,898	206,202
Sale (Purchase) of Intangibles	-326,255	-217,733	-230,400	-236,229	-229,280
Investment in Securities	-28,153	-41,415	-88,848	973,522	-559,753
Other Investing Activities	52,976	73,572	2,770	-68,154	642,131
Investing Cash Flow	-430,442	-994,760	-1,106,302	-290,919	-295,099
Short-Term Debt Issued	925,617	1,448,321	-	-	-
Long-Term Debt Issued	1,280,831	2,538,539	1,814,580	4,053,280	2,348,006
Total Debt Issued	2,206,448	3,986,860	1,814,580	4,053,280	2,348,006
Short-Term Debt Repaid	-	-	-871,237	-2,793,628	-795,622
Long-Term Debt Repaid	-1,368,859	-3,213,268	-872,300	-3,604,999	-3,046,235
Total Debt Repaid	-1,368,859	-3,213,268	-1,743,537	-6,398,626	-3,841,857
Net Debt Issued (Repaid)	837,589	773,592	71,043	-2,345,346	-1,493,851
Repurchase of Common Stock	-138,661	-64,844	-	-	-3,084
Common Dividends Paid	-147,028	-125,133	-118,780	-125,033	-20,815
Other Financing Activities	148,130	-9,756	684,002	1,988,342	481,998
Financing Cash Flow	700,030	573,859	636,265	-482,037	-1,035,752
Foreign Exchange Rate Adjustments	-27,657	277,968	26,310	78,854	153,088
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-17,516
Net Cash Flow	1,223,839	164,897	1,464,981	-160,918	-472,849
Free Cash Flow	411,712	-406,412	1,323,704	-167,876	339,562
Free Cash Flow Margin	2.08%	-2.24%	6.92%	-0.99%	2.64%
Free Cash Flow Per Share	24008.60	-23615.04	78070.73	-9901.15	20027.03
Cash Interest Paid	533,536	536,453	487,935	372,981	462,867
Cash Income Tax Paid	264,489	348,689	448,364	589,191	476,807
Levered Free Cash Flow	301,844	-614,121	1,060,102	-374,961	1,295,957
Unlevered Free Cash Flow	612,611	-306,855	1,351,613	-146,930	1,524,224
Change in Working Capital	-697,477	-1,052,641	432,670	-683,021	-587,669

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.