Tae Won Mulsan 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	-2,340	17,469	-82.46	-1,361	81.27
Depreciation & Amortization	216.95	212.45	257.08	383.75	435.74
Loss (Gain) From Sale of Assets	-	-20,564	-13.64	71.53	-27.66
Asset Writedown & Restructuring Costs	-	-	-	385.97	-
Loss (Gain) From Sale of Investments	2,737	29.93	235.61	-376.89	-121.37
Provision & Write-off of Bad Debts	9.99	-3.59	0.5	-11.96	-8.14
Other Operating Activities	-3,802	4,257	113.78	1,067	303.4
Change in Accounts Receivable	134.39	444.64	-126.99	1,331	637.28
Change in Inventory	-613.54	439.2	-998.39	48.26	125.63
Change in Accounts Payable	-396.58	-451.15	-163.38	-689.24	-606.52
Change in Other Net Operating Assets	-883.7	-95.23	-140.53	-562.97	-197.97
Operating Cash Flow	-4,938	1,738	-918.41	286.05	621.67
Operating Cash Flow Growth	-	-	-	-53.99%	24.06%
Capital Expenditures	-49.49	-82.7	-370.98	-70.75	-152.61
Sale of Property, Plant & Equipment	-	2.37	13.64	60.98	27.79
Investment in Securities	6,283	-25,020	-2,042	8.49	117.42
Other Investing Activities	-39.47	26,274	3,030	0.11	0.1
Investing Cash Flow	6,194	1,173	630.48	-1.17	-7.3
Short-Term Debt Issued	-	-	-	-	1,000
Total Debt Issued	-	-	-	-	1,000
Short-Term Debt Repaid	-	-1,000	-	-	-1,000
Long-Term Debt Repaid	-56.28	-55.47	-53.04	-51.33	-49.95
Total Debt Repaid	-56.28	-1,055	-53.04	-51.33	-1,050
Net Debt Issued (Repaid)	-56.28	-1,055	-53.04	-51.33	-49.95
Dividends Paid	-1,467	-1,027	-366.63	-403.29	-366.63
Other Financing Activities	2.08	-	-	-	-
Financing Cash Flow	-1,521	-2,082	-419.67	-454.62	-416.58
Foreign Exchange Rate Adjustments	-0.2	2.44	-	-	-
Miscellaneous Cash Flow Adjustments	-	0	0	-	-0
Net Cash Flow	-264.32	831.47	-707.6	-169.74	197.78
Free Cash Flow	-4,987	1,655	-1,289	215.3	469.05
Free Cash Flow Growth	-	-	-	-54.10%	-0.50%
Free Cash Flow Margin	-33.55%	14.30%	-14.00%	1.97%	4.77%
Free Cash Flow Per Share	-	225.69	-175.83	29.36	63.96
Cash Interest Paid	-	11.76	48.46	32.09	19.16
Cash Income Tax Paid	4,251	147.16	60.58	3.84	27.94
Levered Free Cash Flow	-6,105	992.7	1,002	595.98	232.39
Unlevered Free Cash Flow	-6,105	998.68	1,032	616.98	244.51
Change in Working Capital	-1,759	337.46	-1,429	126.96	-41.58

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