Boryung 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	56,447	69,633	40,203	41,894	43,044	26,856
Depreciation & Amortization	43,016	42,849	44,387	37,644	32,074	27,566
Loss (Gain) From Sale of Assets	-1,172	-242.78	216.25	164.17	466.76	-199.45
Asset Writedown & Restructuring Costs	5,147	5,151	-	1,857	-	1.62
Loss (Gain) From Sale of Investments	17,592	14,138	-2,611	1,497	-6,850	-172.37
Loss (Gain) on Equity Investments	2,856	4,447	4,048	3,904	-25,453	-
Stock-Based Compensation	-342.49	481.02	1,487	1,335	909.25	1,038
Provision & Write-off of Bad Debts	194.64	103.88	237.71	-527.57	130.56	-818.18
Other Operating Activities	2,636	-12,444	10,172	2,037	25,953	2,756
Change in Accounts Receivable	7,394	-29,314	-18,904	-30,635	-1,491	5,600
Change in Inventory	9,921	-41,694	-26,778	-57,664	-19,184	-6,526
Change in Accounts Payable	-31,215	38,160	-20,739	33,379	13,007	4,808
Change in Other Net Operating Assets	-14,315	-10,710	10,506	-7,071	-2,441	-16,170
Operating Cash Flow	98,157	80,557	42,224	27,814	60,167	44,741
Operating Cash Flow Growth	22.80%	90.79%	51.81%	-53.77%	34.48%	-4.80%
Capital Expenditures	-20,289	-12,825	-15,020	-20,276	-16,133	-18,271
Sale of Property, Plant & Equipment	2.8	13.73	40.7	30.16	50.9	12.5
Cash Acquisitions	-2.87	-	-	-	-	-2,377
Sale (Purchase) of Intangibles	-7,457	-7,222	-8,035	-102,719	-43,077	-37,125
Investment in Securities	-111,274	-573.06	-2,769	48,785	18,666	-69,164
Other Investing Activities	-229,672	-20,647	-3,894	-72,754	-7,267	-17,599
Investing Cash Flow	-356,015	-40,843	-29,161	-146,935	-47,761	-144,524
Short-Term Debt Issued	-	-	10,051	8,022	32,082	43,854
Long-Term Debt Issued	-	-	80,000	-	34,000	107,767
Total Debt Issued	222,314	-	90,051	8,022	66,082	151,620
Short-Term Debt Repaid	-	-15,485	-	-651.85	-31,546	-49,400
Long-Term Debt Repaid	-	-24,298	-96,110	-15,961	-10,831	-10,839
Total Debt Repaid	-92,670	-39,784	-96,110	-16,613	-42,377	-60,239
Net Debt Issued (Repaid)	129,644	-39,784	-6,059	-8,591	23,705	91,381
Issuance of Common Stock	175,000	175,000	-	-	98,513	39,994
Repurchase of Common Stock	-	-	-	-187.92	-4,687	-5,834
Dividends Paid	-8,396	-6,767	-6,587	-6,589	-4,511	-4,204
Other Financing Activities	-85.42	-71.98	-	2.25	-1,030	89.63
Financing Cash Flow	296,162	128,378	-12,646	-15,365	111,989	121,427
Foreign Exchange Rate Adjustments	1,208	2,625	-29.46	-149.3	785.42	-639.29
Miscellaneous Cash Flow Adjustments	-0	-	-	-0	-	-0
Net Cash Flow	39,512	170,717	387.53	-134,635	125,181	21,004
Free Cash Flow	77,868	67,732	27,204	7,538	44,034	26,470
Free Cash Flow Growth	17.12%	148.98%	260.89%	-82.88%	66.35%	-
Free Cash Flow Margin	7.57%	6.66%	3.16%	0.99%	7.02%	4.71%
Free Cash Flow Per Share	949.99	988.65	412.61	113.99	698.64	454.07
Cash Interest Paid	8,558	9,029	9,321	5,952	4,228	2,712
Cash Income Tax Paid	7,593	-5,243	21,331	22,109	12,050	14,306
Levered Free Cash Flow	58,070	33,896	7,685	-102,948	13,828	-12,975
Unlevered Free Cash Flow	64,094	39,519	13,653	-99,119	16,626	-10,885
Change in Working Capital	-28,216	-43,558	-55,915	-61,991	-10,108	-12,287

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