Byucksan 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	17,966	16,235	33,290	9,935	-4,538	-1,546
Depreciation & Amortization	28,104	27,656	21,219	16,095	13,519	13,737
Loss (Gain) From Sale of Assets	1,082	171.23	-2,619	-398.96	-533.4	2,810
Asset Writedown & Restructuring Costs	147.2	104.78	1,328	904.42	5,048	840.93
Loss (Gain) From Sale of Investments	-4,089	-1,271	-3,366	-508.5	-450.76	2,442
Loss (Gain) on Equity Investments	-661.49	-	-	179.23	12.99	227.18
Stock-Based Compensation	72.38	156.83	156.83	117.62	-	-299.66
Provision & Write-off of Bad Debts	-325.64	-747.17	400.6	-150.13	-151.07	-76.74
Other Operating Activities	-6,595	-885.1	11,304	4,461	10,814	8,115
Change in Accounts Receivable	6,557	13,859	-29,336	-7,962	-10,458	-3,473
Change in Inventory	1,653	-2,083	-3,492	-4,719	-9,156	1,918
Change in Accounts Payable	-3,208	-866.96	-6,299	15,889	7,391	5,172
Change in Unearned Revenue	5.46	28.61	11.8	-385.11	78.46	165.26
Change in Other Net Operating Assets	-1,083	2,196	5,278	174.24	-4,162	-6,676
Operating Cash Flow	39,625	54,555	27,877	33,631	7,412	23,356
Operating Cash Flow Growth	14.04%	95.70%	-17.11%	353.73%	-68.27%	56.77%
Capital Expenditures	-22,176	-19,781	-54,063	-70,034	-48,130	-25,025
Sale of Property, Plant & Equipment	1,158	32.35	8,125	287.17	1,449	12,035
Cash Acquisitions	-25.73	-	-	-	-468.87	-
Sale (Purchase) of Intangibles	-228.94	-299.65	-299.77	-465.5	-133.27	-871.77
Investment in Securities	25,079	-55,156	-29,346	49,015	-37,460	-9,252
Other Investing Activities	64.27	1,145	6,001	6,442	1,979	413.21
Investing Cash Flow	-595.2	-74,491	-69,899	-14,631	-82,448	-22,532
Short-Term Debt Issued	-	57,858	64,162	87,780	68,290	66,976
Long-Term Debt Issued	-	22,500	9,000	43,250	36,000	-
Total Debt Issued	61,993	80,358	73,162	131,030	104,290	66,976
Short-Term Debt Repaid	-	-65,629	-75,575	-69,760	-65,067	-49,825
Long-Term Debt Repaid	-	-2,092	-7,481	-9,064	-9,365	-18,224
Total Debt Repaid	-63,538	-67,721	-83,056	-78,824	-74,432	-68,048
Net Debt Issued (Repaid)	-1,545	12,637	-9,894	52,206	29,858	-1,072
Issuance of Common Stock	40.48	1,180	-	-	99	2,899
Repurchase of Common Stock	-2	-	-3,000	-	-	-555.55
Dividends Paid	-2,923	-3,849	-2,256	-1,182	-893.41	-188.72
Other Financing Activities	-0	-0	89.34	-1,355	-62.46	-204.13
Financing Cash Flow	-4,429	9,968	-15,060	49,669	29,001	879.1
Foreign Exchange Rate Adjustments	199.67	229.97	-10.56	-84.33	1.66	-372.31
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-	-
Net Cash Flow	34,801	-9,739	-57,093	68,585	-46,033	1,331
Free Cash Flow	17,450	34,774	-26,186	-36,403	-40,718	-1,668
Free Cash Flow Growth	152.51%	-	-	-	-	-
Free Cash Flow Margin	2.84%	5.41%	-4.22%	-7.00%	-8.64%	-0.38%
Free Cash Flow Per Share	311.75	621.31	-464.54	-642.38	-718.52	-29.27
Cash Interest Paid	8,678	9,379	8,440	4,911	1,918	2,189
Cash Income Tax Paid	4,890	8,737	3,264	4,900	2,829	1,085
Levered Free Cash Flow	5,578	20,586	-43,218	-27,258	-35,722	-3,344
Unlevered Free Cash Flow	11,218	26,680	-38,491	-24,810	-34,562	-1,988
Change in Working Capital	3,924	13,135	-33,837	2,996	-16,308	-2,894

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