Shinpoong Paper Mfg. Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	98.92	308.96	-6,498	-7,535	-10,030	32,956
Depreciation & Amortization	1,174	1,629	1,319	455.64	645.08	2,447
Loss (Gain) From Sale of Assets	120.24	122.62	-2.9	-	130.19	388.54
Asset Writedown & Restructuring Costs	-	-	7.62	11.86	-	-
Loss (Gain) From Sale of Investments	-1,293	-563.66	-1,759	4,966	-298.05	-3,618
Loss (Gain) on Equity Investments	-379.57	-589.51	-280.51	-270.93	-232.36	-
Provision & Write-off of Bad Debts	-73.16	-1,978	-136.69	109.61	1,093	1,642
Other Operating Activities	184.73	480.05	-3,245	-384.78	2,413	-41,784
Change in Accounts Receivable	-367.97	4,938	-8,105	724.23	2,135	18,082
Change in Inventory	114.03	-1,172	172.37	493.36	2,276	4,157
Change in Accounts Payable	119.61	-83.76	1,036	-772.52	71.9	-11,722
Change in Other Net Operating Assets	333.07	-120.86	-40.63	-1,717	-3,253	-14,621
Operating Cash Flow	31.39	2,972	-17,531	-3,920	-5,048	-12,072
Capital Expenditures	-674.27	-1,063	-853.93	-111.73	-40.71	-138.83
Sale of Property, Plant & Equipment	3.64	15.66	19.27	104.94	48.28	16,687
Cash Acquisitions	-	-	-1,610	-3,381	-46.98	-
Sale (Purchase) of Intangibles	-0	14.74	-6.11	-7.18	-	-
Investment in Securities	-4,836	2,832	7,856	6,865	10,571	-18,431
Other Investing Activities	3,244	3,250	412.22	-484.4	-48.5	143.92
Investing Cash Flow	-2,263	5,049	5,818	2,985	10,483	-1,739
Long-Term Debt Issued	-	1,937	20,452	6,074	3,618	14,480
Long-Term Debt Repaid	-	-8,165	-16,421	-6,976	-4,621	-18,382
Net Debt Issued (Repaid)	-1,238	-6,228	4,031	-901.58	-1,003	-3,902
Dividends Paid	-	-553.87	-1,385	-1,662	-1,385	-1,662
Other Financing Activities	6.48	6.48	-0	-	-	-
Financing Cash Flow	-1,232	-6,776	2,646	-2,564	-2,389	-5,564
Foreign Exchange Rate Adjustments	24.09	38.54	11.29	0.21	-	-
Miscellaneous Cash Flow Adjustments	-0	-	4,897	-	-0	0
Net Cash Flow	-3,439	1,283	-4,159	-3,499	3,046	-19,374
Free Cash Flow	-642.88	1,908	-18,385	-4,032	-5,089	-12,211
Free Cash Flow Margin	-2.61%	8.38%	-68.36%	-21.47%	-19.65%	-36.16%
Free Cash Flow Per Share	-23.26	68.88	-663.57	-145.53	-183.68	-440.72
Cash Interest Paid	173.24	144.57	222.05	67.67	177.94	200.42
Cash Income Tax Paid	-	-23.66	-73.48	298.64	-42.55	3,199
Levered Free Cash Flow	-927.08	-5,363	6,454	-12,593	3,111	-85,507
Unlevered Free Cash Flow	-862.65	-5,308	6,524	-12,549	3,233	-85,419
Change in Working Capital	198.74	3,562	-6,937	-1,272	1,230	-4,103

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.