Hanwha Aerospace 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	1,606,161	1,404,962	2,298,945	817,510	195,354	252,581
Depreciation & Amortization	902,701	872,742	330,948	339,098	262,736	237,429
Loss (Gain) From Sale of Assets	-9,636	-15,785	8,991	-954.27	-664.06	-242.55
Asset Writedown & Restructuring Costs	4,058	3,879	167,104	15,943	27,747	2,474
Loss (Gain) From Sale of Investments	89,062	17,871	-63,761	-43,234	68,719	-37,174
Loss (Gain) on Equity Investments	105,282	75,103	-1,239,716	28,273	21,028	28,599
Stock-Based Compensation	275,163	329,152	162,598	63,956	27,609	13,335
Provision & Write-off of Bad Debts	-549.06	-648.07	401.67	3,868	-3,093	-233.89
Other Operating Activities	1,109,597	791,926	630,253	-296,193	131,283	182,213
Change in Accounts Receivable	-593,066	-1,074,872	-1,108,833	-566,726	-282,593	34,404
Change in Inventory	-1,698,893	-1,107,694	-882,289	-713,526	-277,253	6,864
Change in Accounts Payable	491,203	1,826,231	5,956	221,489	185,014	42,239
Change in Other Net Operating Assets	221,922	926,938	1,082,375	1,520,715	1,168,442	227,517
Operating Cash Flow	2,503,005	4,049,805	1,392,973	1,390,220	1,524,327	990,006
Operating Cash Flow Growth	51.84%	190.73%	0.20%	-8.80%	53.97%	127.72%
Capital Expenditures	-1,774,106	-1,710,503	-578,205	-453,365	-196,739	-166,103
Sale of Property, Plant & Equipment	18,441	19,143	1,667	3,166	5,151	5,599
Cash Acquisitions	9,556	-	51,228	-72,261	-354,546	-6,427
Divestitures	5,852	5,852	-	-	187,500	-
Sale (Purchase) of Intangibles	-228,215	-263,359	-148,985	-117,799	-148,034	-158,756
Investment in Securities	-3,516,622	-1,918,041	-778,024	-2,395,111	-725,280	-278,481
Other Investing Activities	63,716	40,985	84,726	8,581	10,858	-1,417
Investing Cash Flow	-5,617,450	-4,020,776	-1,367,342	-3,029,124	-1,224,903	-607,074
Short-Term Debt Issued	-	8,486,521	8,462,533	2,596,756	1,752,236	1,503,029
Long-Term Debt Issued	-	2,964,980	1,671,178	807,082	309,368	763,031
Total Debt Issued	14,202,819	11,451,501	10,133,711	3,403,838	2,061,604	2,266,060
Short-Term Debt Repaid	-	-8,436,259	-7,535,876	-2,193,197	-1,357,757	-1,435,171
Long-Term Debt Repaid	-	-980,524	-1,364,892	-765,680	-441,214	-604,750
Total Debt Repaid	-11,068,972	-9,416,783	-8,900,768	-2,958,877	-1,798,972	-2,039,922
Net Debt Issued (Repaid)	3,133,847	2,034,718	1,232,943	444,961	262,632	226,138
Issuance of Common Stock	4,208,788	4,208,788	-	-	-	-
Repurchase of Common Stock	-	-	-19,041	-	-	-1,716
Dividends Paid	-195,060	-195,060	-119,752	-50,569	-35,399	-30,366
Other Financing Activities	-24,739	-1,366,853	-28,484	-26,637	-11,109	619,092
Financing Cash Flow	7,115,153	4,681,592	1,065,666	367,755	216,124	813,148
Foreign Exchange Rate Adjustments	123,799	35,002	70,078	7,677	26,211	7,698
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	-6,414
Net Cash Flow	4,124,507	4,745,622	1,161,375	-1,263,471	541,760	1,197,364
Free Cash Flow	728,898	2,339,301	814,768	936,855	1,327,588	823,903
Free Cash Flow Growth	-25.80%	187.11%	-13.03%	-29.43%	61.13%	235.80%
Free Cash Flow Margin	2.70%	8.76%	7.25%	11.87%	18.80%	14.87%
Free Cash Flow Per Share	14341.17	47503.46	16556.51	20497.71	29106.40	18077.37
Cash Interest Paid	483,111	477,695	255,709	157,047	80,547	63,293
Cash Income Tax Paid	414,006	571,945	218,508	139,844	146,851	63,997
Levered Free Cash Flow	-808,672	1,041,567	-2,067,794	1,095,375	1,361,619	526,585
Unlevered Free Cash Flow	-491,623	1,347,613	-1,916,207	1,188,892	1,414,787	565,565
Change in Working Capital	-1,578,835	570,603	-902,791	461,953	793,610	311,024