Shin Hwa Dynamics 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	1,969	2,928	110.3	10,819	5,793
Depreciation & Amortization	866.14	786.01	722.65	744.55	745.5
Loss (Gain) From Sale of Assets	-10.91	-4,898	-180	-2.26	-7.16
Asset Writedown & Restructuring Costs	-2	2	342.63	9.2	643.86
Loss (Gain) on Equity Investments	-43.85	-197.69	-157.76	-28.67	-390.8
Provision & Write-off of Bad Debts	-627.61	524.08	69.77	319.48	-1,446
Other Operating Activities	2,221	-721.53	-2,653	1,507	1,863
Change in Accounts Receivable	862.52	1,171	-2,886	5,868	-4,154
Change in Inventory	-8,891	8,161	-7,980	-8,956	-3,947
Change in Accounts Payable	-948.4	-5,148	2,066	5,671	-888.71
Change in Unearned Revenue	-	-19.32	-19.99	39.31	-
Change in Other Net Operating Assets	-1,203	1,007	-786.83	-1,822	1,018
Operating Cash Flow	-5,808	3,596	-11,352	14,168	-770.58
Capital Expenditures	-3,515	-1,692	-2,125	-961.17	-2,366
Sale of Property, Plant & Equipment	10.91	8,210	180	4.6	46.87
Sale (Purchase) of Intangibles	-176.9	-	-	-	261.88
Sale (Purchase) of Real Estate	-	-	-	-7.9	-258.55
Investment in Securities	0.04	0.01	84.19	-	-238.67
Other Investing Activities	-20	106.06	-0.09	-0.09	71.61
Investing Cash Flow	-3,341	6,724	-1,761	-763.95	-2,218
Short-Term Debt Issued	5,000	10,000	-	-	-
Long-Term Debt Issued	-	2,000	-	-	-
Total Debt Issued	5,000	12,000	-	-	-
Short-Term Debt Repaid	-7,000	-12,000	-1,700	-	-
Long-Term Debt Repaid	-	-	-16.66	-9.32	-5.76
Total Debt Repaid	-7,000	-12,000	-1,717	-9.32	-5.76
Net Debt Issued (Repaid)	-2,000	-	-1,717	-9.32	-5.76
Dividends Paid	-121.49	-121.49	-121.49	-121.49	-121.49
Other Financing Activities	-20	-	-0	-15	-0
Financing Cash Flow	-2,141	-121.49	-1,838	-145.81	-127.25
Foreign Exchange Rate Adjustments	-	129.4	1.23	-1.69	-0.01
Net Cash Flow	-11,290	10,327	-14,950	13,256	-3,116
Free Cash Flow	-9,323	1,903	-13,477	13,207	-3,137
Free Cash Flow Margin	-9.29%	1.79%	-12.68%	10.54%	-2.99%
Free Cash Flow Per Share	-	1566.78	-11093.24	10870.74	-2582.13
Cash Interest Paid	300.36	452.47	539.59	419.8	258.73
Cash Income Tax Paid	-197.1	-1,144	4,145	1,786	-197.35
Levered Free Cash Flow	-9,432	2,482	-13,901	12,250	-4,011
Unlevered Free Cash Flow	-9,245	2,746	-13,567	12,528	-3,845
Change in Working Capital	-10,180	5,173	-9,607	799.74	-7,972

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