BAIKSAN Co,. 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	45,336	60,737	41,277	45,287	19,168	-15,732
Depreciation & Amortization	7,514	6,012	5,863	6,391	5,873	8,638
Loss (Gain) From Sale of Assets	-226.97	-4.57	-67.7	-344.44	-1,968	4,178
Asset Writedown & Restructuring Costs	1,574	1,574	1,053	338.26	39.17	1,480
Loss (Gain) on Equity Investments	-2,503	-886.06	1,741	-109.38	-5,367	-1,141
Stock-Based Compensation	110.95	5.31	48.44	48.44	136.16	190.03
Provision & Write-off of Bad Debts	2,615	2,677	1,311	-1,369	-2,404	10,011
Other Operating Activities	-6,020	2,159	2,526	6,187	2,454	2,775
Change in Accounts Receivable	-5,171	-11,613	6,586	-3,441	-3,573	-2,230
Change in Inventory	-5,953	-7,788	-1,873	10,545	-9,836	11,152
Change in Accounts Payable	4,419	3,765	-14,838	-12,510	16,353	19,314
Change in Unearned Revenue	-0	5.51	11.85	-15.9	15.79	-24.98
Change in Income Taxes	10.41	-	-	-520.31	-	-57.86
Change in Other Net Operating Assets	8,737	-426.46	2,666	1,063	-11,128	-5,870
Operating Cash Flow	50,441	56,216	46,306	51,550	9,762	32,682
Operating Cash Flow Growth	13.68%	21.40%	-10.17%	428.08%	-70.13%	466.31%
Capital Expenditures	-25,298	-37,265	-10,590	-28,478	-4,294	-4,512
Sale of Property, Plant & Equipment	606.3	99.48	307.92	2,962	6,494	962.6
Cash Acquisitions	566.39	566.39	-	-	-	-
Sale (Purchase) of Intangibles	4,999	-	-449.98	-	-48.64	23.26
Investment in Securities	-4,601	11,177	-9,997	-15,953	12,740	-4,513
Other Investing Activities	1,175	1,734	1,652	300.36	1,823	2,523
Investing Cash Flow	-22,887	-24,203	-20,261	-41,267	16,919	-6,447
Short-Term Debt Issued	-	79,123	44,597	84,811	86,569	191,855
Long-Term Debt Issued	-	21,326	1,740	991.54	-	19,800
Total Debt Issued	69,616	100,449	46,337	85,803	86,569	211,655
Short-Term Debt Repaid	-	-94,884	-57,010	-96,267	-80,509	-202,278
Long-Term Debt Repaid	-	-2,326	-3,156	-5,941	-10,364	-11,478
Total Debt Repaid	-71,149	-97,210	-60,166	-102,208	-90,873	-213,756
Net Debt Issued (Repaid)	-1,533	3,239	-13,830	-16,405	-4,303	-2,101
Issuance of Common Stock	-	511.9	61.55	1,870	5,407	-
Repurchase of Common Stock	-10,495	-17,294	-7,524	-9,908	-	-
Dividends Paid	-7,486	-7,725	-5,761	-2,420	-2,409	-4,320
Other Financing Activities	1,905	1,989	1,821	-65	327.97	607.55
Financing Cash Flow	-13,609	-15,280	-25,232	-26,928	-976.67	-5,814
Foreign Exchange Rate Adjustments	-3,339	1,377	-95.13	-2,028	1,496	-557.3
Miscellaneous Cash Flow Adjustments	-2,566	-	-	-	-	-
Net Cash Flow	8,041	18,110	717.82	-18,672	27,200	19,864
Free Cash Flow	25,144	18,951	35,716	23,073	5,467	28,170
Free Cash Flow Growth	36.83%	-46.94%	54.80%	322.00%	-80.59%	-
Free Cash Flow Margin	4.80%	3.81%	8.55%	4.85%	1.47%	7.35%
Free Cash Flow Per Share	1181.79	862.50	1558.99	956.77	226.40	1190.85
Cash Interest Paid	5,184	3,901	3,921	3,031	2,416	3,022
Cash Income Tax Paid	24,129	16,515	11,868	10,268	7,959	10,806
Levered Free Cash Flow	21,866	2,107	21,145	2,616	10,868	36,083
Unlevered Free Cash Flow	24,846	4,443	23,819	4,755	12,579	38,267
Change in Working Capital	2,042	-16,056	-7,447	-4,879	-8,169	22,283

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