Hwaseung Corporation Cash Flow Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	78,032	26,689	3,467	2,793	-41,078
Depreciation & Amortization	47,640	51,082	48,602	52,127	58,809
Loss (Gain) From Sale of Assets	-19,963	-8,058	448.71	-565.56	1,060
Asset Writedown & Restructuring Costs	-146.97	10,598	5,698	1,523	13,380
Loss (Gain) From Sale of Investments	150	-2,682	-5,544	-1,774	-1,409
Loss (Gain) on Equity Investments	-26.02	1,067	8.05	-	-
Provision & Write-off of Bad Debts	-61.79	-3,075	946.03	-747.75	1,801
Other Operating Activities	25,775	36,212	43,225	45,459	14,996
Change in Accounts Receivable	38,208	-20,072	-30,169	-30,096	25,058
Change in Inventory	10,350	-43,437	26,113	8,884	-31,689
Change in Accounts Payable	-29,315	-26,134	53,914	2,607	-20,839
Change in Income Taxes	-	1,601	-94.36	382.06	-1,806
Change in Other Net Operating Assets	9,169	-6,533	-25,448	7,285	-30,006
Operating Cash Flow	159,812	17,256	121,167	87,876	-11,723
Operating Cash Flow Growth	826.10%	-85.76%	37.88%	-	-
Capital Expenditures	-61,800	-66,437	-33,079	-45,347	-38,442
Sale of Property, Plant & Equipment	1,495	7,585	14,289	6,694	4,075
Divestitures	34,038	-	-	-	-
Sale (Purchase) of Intangibles	-2,214	-1,003	-678.26	1,077	-242.29
Investment in Securities	4,236	6,925	-1,710	-5,707	-1,618
Other Investing Activities	-765.19	21,777	139.84	17,310	-13,413
Investing Cash Flow	-23,042	-26,731	-18,288	-27,044	-45,697
Long-Term Debt Issued	416,299	455,500	419,375	502,722	687,850
Long-Term Debt Repaid	-464,000	-440,959	-540,124	-542,406	-677,242
Net Debt Issued (Repaid)	-47,702	14,541	-120,748	-39,684	10,608
Repurchase of Common Stock	-	-	-	-	-7.74
Dividends Paid	-4,594	-3,063	-3,063	-1,531	-1,532
Other Financing Activities	-8,532	-0	-	-	77.22
Financing Cash Flow	-60,827	11,479	-123,811	-41,215	9,146
Foreign Exchange Rate Adjustments	-14,006	2,817	-601.78	-751.96	2,547
Miscellaneous Cash Flow Adjustments	-33,936	-0	-0	-	0
Net Cash Flow	28,001	4,821	-21,534	18,865	-45,728
Free Cash Flow	98,012	-49,181	88,087	42,529	-50,165
Free Cash Flow Growth	-	-	107.12%	-	-
Free Cash Flow Margin	5.98%	-3.14%	5.39%	2.68%	-3.58%
Free Cash Flow Per Share	2111.42	-1107.49	1983.72	957.75	-1064.40
Cash Interest Paid	25,310	32,601	37,367	29,681	21,619
Cash Income Tax Paid	28,294	18,403	14,091	4,585	7,424
Levered Free Cash Flow	88,178	-73,017	94,677	39,367	-32,672
Unlevered Free Cash Flow	104,924	-52,849	118,414	58,237	-18,754
Change in Working Capital	28,413	-94,576	24,315	-10,938	-59,281

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.