NAVER 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	2,193,900	1,923,237	1,012,322	760,261	16,489,850	1,002,087
Depreciation & Amortization	673,516	673,516	582,339	560,909	433,445	495,278
Loss (Gain) From Sale of Assets	-122,804	-122,804	-613.07	-199,777	2,828	-11,997
Asset Writedown & Restructuring Costs	141,603	141,603	32,010	13,771	5,548	92,415
Loss (Gain) From Sale of Investments	2,598	2,598	-6,047	-14,629	-19,790	-9,083
Loss (Gain) on Equity Investments	-565,171	-565,171	-244,308	-10,102	-16,679,131	-216,001
Stock-Based Compensation	219,000	219,000	271,829	95,500	247,902	155,638
Provision & Write-off of Bad Debts	11,699	11,699	4,727	676.08	6,459	12,754
Other Operating Activities	313,228	153,922	-10,791	-60,673	902,869	-301,012
Change in Accounts Receivable	-2,828	-2,828	42,765	-56,362	-39,573	-110,445
Change in Inventory	-13,386	-13,386	-2,246	16,548	-	-
Change in Other Net Operating Assets	168,487	168,487	320,245	347,268	29,500	337,578
Operating Cash Flow	3,019,843	2,589,874	2,002,233	1,453,390	1,379,906	1,447,212
Operating Cash Flow Growth	30.98%	29.35%	37.76%	5.33%	-4.65%	6.66%
Capital Expenditures	-933,658	-553,997	-640,624	-700,734	-753,943	-759,403
Sale of Property, Plant & Equipment	37,664	32,090	7,317	12,204	6,696	8,988
Cash Acquisitions	-88,072	-49,636	-1,285,034	4,264	-11,936,922	-18,123
Divestitures	49,961	80,489	-	-	-	-
Sale (Purchase) of Intangibles	-36,018	-23,987	-51,004	-54,576	-51,709	-102,986
Investment in Securities	-413,387	-838,591	1,012,699	-474,238	-1,136,769	-1,574,421
Other Investing Activities	-1,700	3,282	-2,926	-9,922	-14,114	-11,567
Investing Cash Flow	-1,390,143	-1,340,024	-949,822	-1,215,888	-13,998,805	-2,503,202
Short-Term Debt Issued	-	69,282	905,385	139,565	260,602	2,116,541
Long-Term Debt Issued	-	403,520	1,112,192	236,940	11,388,389	892,523
Total Debt Issued	1,973	472,802	2,017,577	376,504	11,648,991	3,009,064
Short-Term Debt Repaid	-	-532,637	-1,276,242	-358,505	-529,249	-915,188
Long-Term Debt Repaid	-	-558,026	-820,938	-279,242	-114,277	-963,163
Total Debt Repaid	-793,681	-1,090,663	-2,097,180	-637,747	-643,526	-1,878,351
Net Debt Issued (Repaid)	-791,707	-617,861	-79,602	-261,243	11,005,465	1,130,713
Issuance of Common Stock	36,451	11,738	28,004	61,406	215,942	-
Repurchase of Common Stock	-405,123	-405,123	-	-	-	-15,516
Dividends Paid	-168,437	-118,985	-62,398	-213,364	-59,785	-54,950
Other Financing Activities	25,981	359,937	3,964	73,735	480,705	131,886
Financing Cash Flow	-1,302,835	-770,292	-110,032	-339,465	11,642,326	1,192,134
Foreign Exchange Rate Adjustments	59,711	139,511	-90,091	44,736	-87,700	-30,990
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	-2,245,363
Net Cash Flow	386,576	619,068	852,288	-57,227	-1,064,272	-2,140,209
Free Cash Flow	2,086,184	2,035,877	1,361,610	752,657	625,963	687,809
Free Cash Flow Growth	10.93%	49.52%	80.91%	20.24%	-8.99%	-25.31%
Free Cash Flow Margin	17.79%	18.96%	14.08%	9.16%	9.18%	12.97%
Free Cash Flow Per Share	13977.34	13482.39	9026.04	5003.76	4172.97	4693.96
Cash Interest Paid	95,701	96,196	129,405	40,174	58,257	71,543
Cash Income Tax Paid	683,119	607,583	682,443	860,549	712,886	573,219
Levered Free Cash Flow	1,577,665	1,582,846	1,757,285	905,508	1,396,505	-62,355
Unlevered Free Cash Flow	1,643,215	1,648,396	1,836,708	950,316	1,424,733	-48,814
Change in Working Capital	152,273	152,273	360,765	307,455	-10,073	227,133

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.