NAVER 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	1,813,700	1,953,215	1,923,237	1,012,322	760,261	16,489,850
Depreciation & Amortization	745,298	745,298	673,516	582,339	560,909	433,445
Loss (Gain) From Sale of Assets	-4,527	-4,527	-122,804	-613.07	-199,777	2,828
Asset Writedown & Restructuring Costs	424,077	424,077	141,603	32,010	13,771	5,548
Loss (Gain) From Sale of Investments	-	-	2,598	-6,047	-14,629	-19,790
Loss (Gain) on Equity Investments	-453,195	-453,195	-565,171	-244,308	-10,102	-16,679,131
Stock-Based Compensation	157,432	157,432	219,000	271,829	95,500	247,902
Provision & Write-off of Bad Debts	10,264	10,264	11,699	4,727	676.08	6,459
Other Operating Activities	-166,434	-198,452	153,922	-10,791	-60,673	902,869
Change in Accounts Receivable	-14,246	-14,246	-2,828	42,765	-56,362	-39,573
Change in Inventory	691.25	691.25	-13,386	-2,246	16,548	-
Change in Other Net Operating Assets	475,250	475,250	168,487	320,245	347,268	29,500
Operating Cash Flow	2,988,310	3,095,807	2,589,874	2,002,233	1,453,390	1,379,906
Operating Cash Flow Growth	16.06%	19.54%	29.35%	37.76%	5.33%	-4.65%
Capital Expenditures	-1,457,152	-1,234,750	-553,997	-640,624	-700,734	-753,943
Sale of Property, Plant & Equipment	24,500	14,318	32,090	7,317	12,204	6,696
Cash Acquisitions	-647,562	-97,510	-49,636	-1,285,034	4,264	-11,936,922
Divestitures	-	-	80,489	-	-	-
Sale (Purchase) of Intangibles	-106,179	-84,360	-23,987	-51,004	-54,576	-51,709
Investment in Securities	780,995	660,611	-838,591	1,012,699	-474,238	-1,136,769
Other Investing Activities	-2,759	-783.03	3,282	-2,926	-9,922	-14,114
Investing Cash Flow	-1,408,075	-743,677	-1,340,024	-949,822	-1,215,888	-13,998,805
Short-Term Debt Issued	-	51,426	69,282	905,385	139,565	260,602
Long-Term Debt Issued	-	100,000	403,520	1,112,192	236,940	11,388,389
Total Debt Issued	2,325,093	151,426	472,802	2,017,577	376,504	11,648,991
Short-Term Debt Repaid	-	-251,426	-532,637	-1,276,242	-358,505	-529,249
Long-Term Debt Repaid	-	-306,548	-558,026	-820,938	-279,242	-114,277
Total Debt Repaid	-2,200,992	-557,974	-1,090,663	-2,097,180	-637,747	-643,526
Net Debt Issued (Repaid)	124,101	-406,548	-617,861	-79,602	-261,243	11,005,465
Issuance of Common Stock	62,792	47,845	11,738	28,004	61,406	215,942
Repurchase of Common Stock	-	-	-405,123	-	-	-
Dividends Paid	-168,437	-168,437	-118,985	-62,398	-213,364	-59,785
Other Financing Activities	47,590	2,680	359,937	3,964	73,735	480,705
Financing Cash Flow	66,046	-524,460	-770,292	-110,032	-339,465	11,642,326
Foreign Exchange Rate Adjustments	8,887	-39,175	139,511	-90,091	44,736	-87,700
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-	-
Net Cash Flow	1,655,169	1,788,494	619,068	852,288	-57,227	-1,064,272
Free Cash Flow	1,531,158	1,861,057	2,035,877	1,361,610	752,657	625,963
Free Cash Flow Growth	-19.23%	-8.59%	49.52%	80.91%	20.24%	-8.99%
Free Cash Flow Margin	12.26%	15.46%	18.96%	14.08%	9.16%	9.18%
Free Cash Flow Per Share	10224.74	12396.11	13482.39	9026.04	5003.76	4172.97
Cash Interest Paid	136,525	89,336	96,196	129,405	40,174	58,257
Cash Income Tax Paid	660,907	706,843	607,583	682,443	860,549	712,886
Levered Free Cash Flow	1,456,902	1,463,913	1,582,846	1,757,285	905,508	1,396,505
Unlevered Free Cash Flow	1,524,851	1,531,861	1,648,396	1,836,708	950,316	1,424,733
Change in Working Capital	461,695	461,695	152,273	360,765	307,455	-10,073