AK Holdings 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	-126,559	-29,129	34,443	-63,729	-111,337	-152,402
Depreciation & Amortization	261,105	258,555	244,741	247,732	239,472	280,065
Loss (Gain) From Sale of Assets	-38,228	-3,417	11,495	-11,738	6,103	2,798
Asset Writedown & Restructuring Costs	13,224	13,224	15,262	28,223	4,420	20,764
Loss (Gain) From Sale of Investments	-1,742	-3,674	-1,413	-1,202	-1,299	12,091
Loss (Gain) on Equity Investments	4,088	920.13	-9,363	-39,551	-21,696	-777.02
Stock-Based Compensation	12.36	94.21	35.22	12.72	16.72	43.16
Provision & Write-off of Bad Debts	5,064	3,101	2,561	-604.79	2,596	1,315
Other Operating Activities	44,265	166,934	202,534	110,474	14,099	-129,366
Change in Accounts Receivable	64,086	99,712	-47,478	-42,776	-36,988	34,697
Change in Inventory	-3,439	-23,740	23,410	25,932	-145,484	6,758
Change in Accounts Payable	-34,957	-54,684	1,546	-42,111	69,753	-56,661
Change in Unearned Revenue	-741.99	597.63	145.54	-1,263	-249.41	-5,925
Change in Other Net Operating Assets	-122,712	-232,749	49,419	157,078	-29,174	-205,115
Operating Cash Flow	63,464	195,743	527,339	366,475	-9,766	-191,716
Operating Cash Flow Growth	-70.53%	-62.88%	43.90%	-	-	-
Capital Expenditures	-431,997	-278,932	-374,362	-298,291	-144,675	-146,253
Sale of Property, Plant & Equipment	148,927	3,581	73,919	37,488	27,493	2,518
Cash Acquisitions	166,863	-	9,883	-18,469	-19,784	-
Sale (Purchase) of Intangibles	-1,904	-1,216	-3,332	-1,322	-2,639	-5,782
Investment in Securities	-42,127	1,496	9,683	-170,209	98,766	123,452
Other Investing Activities	-15,448	-13,558	15,446	-12,977	2,595	7,498
Investing Cash Flow	-133,098	-288,629	-268,764	-463,779	-38,244	-18,567
Short-Term Debt Issued	-	1,380,182	1,197,031	899,164	897,323	1,419,888
Long-Term Debt Issued	-	275,715	89,126	31,980	200,385	181,620
Total Debt Issued	1,843,398	1,655,897	1,286,156	931,144	1,097,708	1,601,508
Short-Term Debt Repaid	-	-1,540,782	-1,287,308	-838,944	-913,623	-1,150,420
Long-Term Debt Repaid	-	-144,469	-136,221	-170,867	-166,182	-204,473
Total Debt Repaid	-1,627,013	-1,685,252	-1,423,529	-1,009,811	-1,079,805	-1,354,893
Net Debt Issued (Repaid)	216,385	-29,355	-137,373	-78,667	17,903	246,615
Issuance of Common Stock	99,436	69.84	1,231	-	-	-
Repurchase of Common Stock	-1.05	-10,039	-10,015	-	-7.37	-5,982
Dividends Paid	-34,793	-17,194	-24,731	-23,267	-18,555	-25,545
Other Financing Activities	-111,199	-2,421	-86,050	187,300	156,190	118,698
Financing Cash Flow	169,829	-58,939	-256,938	85,366	155,531	333,786
Foreign Exchange Rate Adjustments	3,975	4,717	-495.28	-3,799	2,447	-2,954
Miscellaneous Cash Flow Adjustments	0	-	-	-	-	-168.29
Net Cash Flow	104,169	-147,108	1,141	-15,737	109,968	120,380
Free Cash Flow	-368,533	-83,189	152,977	68,184	-154,441	-337,969
Free Cash Flow Growth	-	-	124.36%	-	-	-
Free Cash Flow Margin	-9.49%	-1.85%	3.42%	1.80%	-4.88%	-12.90%
Free Cash Flow Per Share	-28194.70	-6364.76	11704.19	5218.45	-11838.68	-25906.98
Cash Interest Paid	139,332	125,810	114,164	76,642	60,460	49,381
Cash Income Tax Paid	8,516	11,088	46,291	36,359	28,728	28,969
Levered Free Cash Flow	-449,003	-184,733	174,870	152,056	-85,286	-242,970
Unlevered Free Cash Flow	-351,953	-104,204	253,107	214,273	-37,834	-199,173
Change in Working Capital	-97,764	-210,863	27,043	96,859	-142,142	-226,247

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