Boryung Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	105,392	64,303	69,633	40,203	41,894	43,044
Depreciation & Amortization	44,219	43,522	42,849	44,387	37,644	32,074
Loss (Gain) From Sale of Assets	-7,261	-1,217	-242.78	216.25	164.17	466.76
Asset Writedown & Restructuring Costs	401.53	401.53	5,151	-	1,857	-
Loss (Gain) From Sale of Investments	-26,800	-13,658	14,138	-2,611	1,497	-6,850
Loss (Gain) on Equity Investments	1,556	1,371	4,447	4,048	3,904	-25,453
Stock-Based Compensation	1,030	-75.8	481.02	1,487	1,335	909.25
Provision & Write-off of Bad Debts	150.16	164.93	103.88	237.71	-527.57	130.56
Other Operating Activities	872.86	9,091	-12,444	10,172	2,037	25,953
Change in Accounts Receivable	5,901	17,212	-29,314	-18,904	-30,635	-1,491
Change in Inventory	227.15	10,078	-41,694	-26,778	-57,664	-19,184
Change in Accounts Payable	16,642	-9,264	38,160	-20,739	33,379	13,007
Change in Other Net Operating Assets	16,301	11,247	-10,710	10,506	-7,071	-2,441
Operating Cash Flow	158,633	133,177	80,557	42,224	27,814	60,167
Operating Cash Flow Growth	176.17%	65.32%	90.79%	51.81%	-53.77%	34.48%
Capital Expenditures	-23,871	-22,239	-12,825	-15,020	-20,276	-16,133
Sale of Property, Plant & Equipment	65.94	20.8	13.73	40.7	30.16	50.9
Cash Acquisitions	-6.73	-	-	-	-	-
Sale (Purchase) of Intangibles	-8,548	-7,653	-7,222	-8,035	-102,719	-43,077
Investment in Securities	-3,783	-20,475	-972.43	-2,769	48,785	18,666
Other Investing Activities	-7,031	-176,351	-20,248	-3,894	-72,754	-7,267
Investing Cash Flow	-43,134	-226,676	-40,843	-29,161	-146,935	-47,761
Short-Term Debt Issued	-	25,378	-	10,051	8,022	32,082
Long-Term Debt Issued	-	199,371	-	80,000	-	34,000
Total Debt Issued	224,749	224,749	-	90,051	8,022	66,082
Short-Term Debt Repaid	-	-	-15,485	-	-651.85	-31,546
Long-Term Debt Repaid	-	-80,625	-24,298	-96,110	-15,961	-10,831
Total Debt Repaid	-114,132	-80,625	-39,784	-96,110	-16,613	-42,377
Net Debt Issued (Repaid)	110,617	144,124	-39,784	-6,059	-8,591	23,705
Issuance of Common Stock	-	-	175,000	-	-	98,513
Repurchase of Common Stock	-	-	-	-	-187.92	-4,687
Dividends Paid	-8,396	-8,396	-6,767	-6,587	-6,589	-4,511
Other Financing Activities	-13.43	-13.43	-71.98	-	2.25	-1,030
Financing Cash Flow	102,207	135,714	128,378	-12,646	-15,365	111,989
Foreign Exchange Rate Adjustments	3,700	-1,780	2,625	-29.46	-149.3	785.42
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0	-
Net Cash Flow	221,406	40,435	170,717	387.53	-134,635	125,181
Free Cash Flow	134,762	110,938	67,732	27,204	7,538	44,034
Free Cash Flow Growth	206.14%	63.79%	148.98%	260.89%	-82.88%	66.35%
Free Cash Flow Margin	13.05%	10.90%	6.66%	3.16%	0.99%	7.02%
Free Cash Flow Per Share	1620.38	1320.90	988.65	412.61	113.99	698.64
Cash Interest Paid	10,968	10,422	9,029	9,321	5,952	4,228
Cash Income Tax Paid	9,961	9,356	-5,243	21,331	22,109	12,050
Levered Free Cash Flow	84,846	61,017	33,896	7,685	-102,948	13,828
Unlevered Free Cash Flow	92,809	68,251	39,519	13,653	-99,119	16,626
Change in Working Capital	39,071	29,274	-43,558	-55,915	-61,991	-10,108