SHINSEGAE 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	76,600	13,937	107,782	225,112	406,065	306,827
Depreciation & Amortization	515,289	501,492	480,837	497,469	578,206	651,617
Loss (Gain) From Sale of Assets	8,613	9,224	2,605	14,296	3,616	40,161
Asset Writedown & Restructuring Costs	154,671	154,671	101,923	78,374	12,914	87,274
Loss (Gain) From Sale of Investments	8,189	2,633	-14,110	5,180	-9,875	-10,874
Loss (Gain) on Equity Investments	7,379	12,276	12,336	6,843	16,278	42,314
Provision & Write-off of Bad Debts	-545	-627	2,623	2,207	-823	1,387
Other Operating Activities	166,725	161,185	121,753	85,828	-64,690	-347,091
Change in Accounts Receivable	-3,595	-13,770	87,184	-68,747	-27,563	-51,188
Change in Inventory	37,342	32,351	-77,583	-13,659	-94,162	110,216
Change in Accounts Payable	-2,215	34,264	20,734	-54,359	49,872	17,291
Change in Unearned Revenue	17,742	13,186	-17,658	3,895	9,185	5,593
Change in Other Net Operating Assets	107,548	71,053	-53,751	12,227	24,113	250,958
Operating Cash Flow	1,092,451	990,583	775,838	791,433	903,136	1,104,486
Operating Cash Flow Growth	54.79%	27.68%	-1.97%	-12.37%	-18.23%	99.95%
Capital Expenditures	-469,272	-491,821	-1,028,768	-600,660	-384,674	-673,199
Sale of Property, Plant & Equipment	3,328	4,010	22,309	4,602	7,428	1,431
Cash Acquisitions	-	-	-63,825	-73,846	-166,423	-101,847
Sale (Purchase) of Intangibles	-8,313	-6,822	-13,348	-12,835	-9,605	-9,822
Investment in Securities	-78,705	-151,672	95,456	-6,107	-219,156	-42,936
Other Investing Activities	-54,558	329.89	6,796	-223,512	-2,008	655.31
Investing Cash Flow	-607,520	-645,976	-981,379	-912,219	-774,107	-825,385
Short-Term Debt Issued	-	5,858,233	7,300,614	6,373,936	3,626,733	4,311,055
Long-Term Debt Issued	-	1,263,697	1,344,467	1,157,235	543,572	1,144,077
Total Debt Issued	5,759,788	7,121,931	8,645,081	7,531,171	4,170,306	5,455,133
Short-Term Debt Repaid	-	-5,936,056	-7,428,152	-6,147,940	-3,267,443	-4,376,918
Long-Term Debt Repaid	-	-1,218,464	-1,006,103	-1,201,619	-595,995	-1,118,443
Total Debt Repaid	-5,887,344	-7,154,520	-8,434,255	-7,349,559	-3,863,438	-5,495,361
Net Debt Issued (Repaid)	-127,556	-32,589	210,827	181,612	306,868	-40,229
Repurchase of Common Stock	-485.82	-146	-134,149	-83,912	-	-
Dividends Paid	-86,091	-86,091	-82,111	-78,850	-54,032	-22,114
Other Financing Activities	-2,711	37,351	-11,424	-34,440	-20,000	-28,237
Financing Cash Flow	-216,844	-81,475	-16,858	-15,591	232,836	-90,581
Foreign Exchange Rate Adjustments	1,354	-475.21	2,412	862.68	-1,680	545.05
Miscellaneous Cash Flow Adjustments	-0	-	-	0	-	-
Net Cash Flow	269,442	262,657	-219,987	-135,514	360,185	189,065
Free Cash Flow	623,179	498,762	-252,930	190,773	518,463	431,286
Free Cash Flow Growth	-	-	-	-63.20%	20.21%	470.69%
Free Cash Flow Margin	8.76%	7.20%	-3.85%	3.00%	6.64%	6.83%
Free Cash Flow Per Share	71077.20	56886.41	-27634.94	19978.18	52708.55	43845.92
Cash Interest Paid	180,598	188,470	190,983	166,502	115,468	100,006
Cash Income Tax Paid	64,840	61,505	92,136	175,151	103,979	28,613
Levered Free Cash Flow	496,685	516,143	-364,659	64,999	655,851	712,539
Unlevered Free Cash Flow	615,315	636,123	-242,246	170,525	730,644	779,453
Change in Working Capital	156,822	137,084	-41,074	-120,643	-38,555	332,870