LS ELECTRIC 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	265,977	238,716	205,962	90,303	84,736	85,177
Depreciation & Amortization	127,851	113,769	102,087	102,180	101,456	96,733
Loss (Gain) From Sale of Assets	130.7	357	1,510	13.11	3,976	434.09
Asset Writedown & Restructuring Costs	4,770	4,755	2,751	9,488	3,746	2,504
Loss (Gain) From Sale of Investments	4,007	867.63	3,285	15,356	29,385	-1,197
Loss (Gain) on Equity Investments	-711.15	-1,928	169.01	1,835	-13.81	-38.65
Stock-Based Compensation	1,372	103.32	1,141	1,370	-	-
Provision & Write-off of Bad Debts	15,259	9,208	3,170	363.14	-10,786	-3,036
Other Operating Activities	77,287	89,815	93,530	121,724	22,413	24,510
Change in Accounts Receivable	-19,166	-158,521	-86,812	-175,750	-22,979	48,767
Change in Inventory	-55,380	76,544	-63,056	-204,302	-71,183	17,918
Change in Accounts Payable	34,762	-19,133	12,920	81,860	70,152	-68,033
Change in Other Net Operating Assets	-85,802	-124,229	-62,306	-188,154	-109,604	84,819
Operating Cash Flow	370,351	230,147	214,646	-145,446	101,544	288,901
Operating Cash Flow Growth	61.84%	7.22%	-	-	-64.85%	33.70%
Capital Expenditures	-206,423	-148,737	-112,892	-114,878	-55,836	-74,194
Sale of Property, Plant & Equipment	1,292	1,435	1,510	865.13	331.38	700.23
Cash Acquisitions	-22,204	-68,551	-16,418	-	-	-
Sale (Purchase) of Intangibles	-8,132	-6,083	-10,498	-2,642	-7,496	-5,286
Investment in Securities	-55,059	-30,329	-43,921	-14,104	-53,480	2,045
Other Investing Activities	-5,649	-3,531	-11,142	-306.62	-3,951	-7,764
Investing Cash Flow	-296,175	-255,797	-193,360	-131,065	-120,431	-84,498
Short-Term Debt Issued	-	515,049	503,601	324,895	69,604	95,223
Long-Term Debt Issued	-	240,104	304,113	119,595	152,470	149,503
Total Debt Issued	887,295	755,154	807,714	444,490	222,074	244,726
Short-Term Debt Repaid	-	-488,270	-522,648	-86,068	-46,092	-94,424
Long-Term Debt Repaid	-	-166,063	-236,478	-191,866	-110,692	-167,118
Total Debt Repaid	-719,048	-654,333	-759,126	-277,933	-156,784	-261,542
Net Debt Issued (Repaid)	168,247	100,821	48,588	166,557	65,291	-16,816
Issuance of Common Stock	-	63,391	-	-	-	-
Dividends Paid	-87,412	-82,802	-32,495	-29,525	-32,257	-35,189
Other Financing Activities	481.52	631.04	-13,481	-2,378	1,779	-3,335
Financing Cash Flow	81,316	82,042	2,612	134,654	34,813	-55,341
Foreign Exchange Rate Adjustments	4,052	19,787	3,941	-3,654	2,436	-335.04
Net Cash Flow	159,543	76,179	27,839	-145,511	18,362	148,728
Free Cash Flow	163,928	81,410	101,755	-260,324	45,709	214,707
Free Cash Flow Growth	44.83%	-19.99%	-	-	-78.71%	60.26%
Free Cash Flow Margin	3.41%	1.79%	2.40%	-7.71%	1.71%	8.94%
Free Cash Flow Per Share	5519.17	2754.84	3459.15	-8870.11	1558.69	7321.65
Cash Interest Paid	51,381	45,682	38,508	20,186	14,757	14,481
Cash Income Tax Paid	132,519	113,076	41,536	28,751	34,343	24,501
Levered Free Cash Flow	114,121	39,568	85,971	-255,265	13,508	195,189
Unlevered Free Cash Flow	147,158	66,921	112,281	-242,506	22,809	204,403
Change in Working Capital	-125,586	-225,339	-199,254	-486,345	-133,614	83,471

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