Michang Oil Ind. Co., Ltd. (KRX:003650)

Michang Oil Ind. Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	63,253	47,646	23,383	33,139	19,679	17,726
Depreciation & Amortization	3,322	3,335	3,184	3,189	2,972	3,106
Loss (Gain) From Sale of Assets	0.01	0.01	-18.32	-7.84	162.23	956.95
Loss (Gain) From Sale of Investments	-34,300	-10,273	17,237	-2,212	-1,502	-4,293
Loss (Gain) on Equity Investments	2,550	529.09	-4,088	-2,782	-1,357	-674.98
Provision & Write-off of Bad Debts	-	-	-15.05	244.97	2.81	6.47
Other Operating Activities	6,752	4,962	97.04	6,581	1,541	3,767
Change in Accounts Receivable	-3,258	-5,336	214.72	-17,771	7,344	5,215
Change in Inventory	4,370	10,166	-10,730	-6,306	12,239	-17,658
Change in Accounts Payable	8,186	2,521	-2,660	4,314	-7,762	1,532
Change in Other Net Operating Assets	-4,393	545.17	-11,287	-3,152	4,844	-3,209
Operating Cash Flow	46,482	54,097	15,317	15,236	38,164	6,475
Operating Cash Flow Growth	64.02%	253.18%	0.53%	-60.08%	489.40%	-46.42%

Investing Activities

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Capital Expenditures	-2,126	-835.93	-1,124	-1,656	-4,149	-8,522
Sale of Property, Plant & Equipment	-	-	18.35	10.1	2.7	2,160
Sale (Purchase) of Intangibles	21.8	-21.8	-21.8	-	-	-5.7
Investment in Securities	-71,609	-54,150	-20,870	-27,320	1,511	10,595
Other Investing Activities	-2,958	-308.16	-1,906	-196.8	-206.35	-50.15
Investing Cash Flow	-77,094	-55,738	-22,353	-30,634	-3,842	4,195

Financing Activities

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Short-Term Debt Issued	-	31,069	20,384	34,916	-	29,536
Total Debt Issued	61,000	31,069	20,384	34,916	-	29,536
Short-Term Debt Repaid	-	-21,069	-20,384	-34,916	-	-31,445
Long-Term Debt Repaid	-	-161.06	-196.57	-185	-178.01	-122.84
Total Debt Repaid	-31,162	-21,230	-20,580	-35,101	-178.01	-31,568
Net Debt Issued (Repaid)	29,838	9,839	-196.57	-185	-178.01	-2,032
Repurchase of Common Stock	-	-	-	-	-1,169	-4,203
Dividends Paid	-4,236	-3,782	-3,782	-3,177	-3,063	-2,537
Other Financing Activities	50	-0	-50	-	50	6
Financing Cash Flow	25,651	6,056	-4,029	-3,362	-4,361	-8,766

Net Cash Flow

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Foreign Exchange Rate Adjustments	-16.12	-20.98	-482.78	6.49	-104.49	-156.81
Net Cash Flow	-4,976	4,394	-11,548	-18,754	29,857	1,747

Free Cash Flow

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Free Cash Flow	44,356	53,261	14,193	13,580	34,015	-2,047
Free Cash Flow Growth	62.62%	275.26%	4.52%	-60.08%	-	-
Free Cash Flow Margin	10.66%	13.01%	3.39%	3.34%	12.25%	-0.63%
Free Cash Flow Per Share	29316.91	35202.68	9380.82	8975.56	22403.67	-1312.73
Levered Free Cash Flow	36,639	43,820	9,924	4,854	26,549	-6,866
Unlevered Free Cash Flow	37,313	44,188	9,943	4,871	26,602	-6,809

Additional Metrics

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash Interest Paid	831.51	589.97	31.57	27.74	85.22	91.63
Cash Income Tax Paid	11,448	10,960	12,932	5,901	2,875	4,547
Change in Working Capital	4,905	7,897	-24,462	-22,916	16,665	-14,120

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2024

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 26, 2026

Data Sources Report a data error