Kakao Corp. (KRX:035720)
South Korea · Delayed Price · Currency is KRW 36,500
-50 (-0.14%)
Sep 1, 2026, 3:30 PM KST
Kakao Cash Flow Statement
Financials in millions KRW. Fiscal year is January - December.
Millions KRW. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 | 346,421 | 491,492 | 55,277 | -1,012,551 | 1,358,019 | 1,387,314 |
Depreciation & Amortization | 809,559 | 840,217 | 835,297 | 760,655 | 581,431 | 373,131 |
Loss (Gain) From Sale of Assets | -17,225 | -78,892 | 6,984 | 4,121 | -182,231 | -53,813 |
Asset Writedown & Restructuring Costs | 280,832 | 259,981 | 417,336 | 1,885,246 | 736,577 | 295,342 |
Loss (Gain) From Sale of Investments | -14,595 | 14,433 | 59,393 | 38,977 | -42,887 | -1,653,249 |
Loss (Gain) on Equity Investments | -144,021 | -193,020 | -7,010 | 151,464 | -1,446,330 | -510,093 |
Stock-Based Compensation | 37,309 | 42,852 | 73,275 | 84,240 | 158,742 | 148,020 |
Provision & Write-off of Bad Debts | 10,345 | 11,678 | 37,551 | 1,040 | 10,795 | 3,557 |
Other Operating Activities | 210,200 | 122,461 | -223,299 | -820,046 | -35,568 | 1,525,384 |
Change in Accounts Receivable | 2,047 | -27,254 | -20,345 | -108,007 | -69,034 | -19,847 |
Change in Inventory | -26,530 | -19,955 | 473.36 | 43,477 | -73,437 | -11,020 |
Change in Accounts Payable | 792,957 | 131,362 | -26,981 | 417,774 | 64,245 | 457,572 |
Change in Other Net Operating Assets | -1,146,350 | -190,590 | 42,508 | -105,291 | -381,947 | -635,726 |
Operating Cash Flow | 1,140,950 | 1,404,763 | 1,250,459 | 1,341,098 | 678,376 | 1,306,572 |
Operating Cash Flow Growth | -8.12% | 12.34% | -6.76% | 97.69% | -48.08% | 34.55% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -553,259 | -479,169 | -379,616 | -575,150 | -452,916 | -216,219 |
Sale of Property, Plant & Equipment | 12,845 | 13,707 | 31,906 | 13,898 | 14,340 | 3,506 |
Cash Acquisitions | -205,126 | -49,340 | -988.67 | -1,215,429 | -174,036 | -1,262,002 |
Divestitures | 113,136 | 63,796 | 23,868 | -7,048 | 34,851 | 2,435 |
Sale (Purchase) of Intangibles | -107,768 | -102,085 | -87,312 | -135,228 | -90,620 | -76,402 |
Investment in Securities | 2,203,686 | -123,046 | 398,428 | 188,494 | -119,953 | -1,703,569 |
Other Investing Activities | 159,577 | 197,935 | 24,137 | -49,468 | -785,771 | -43,894 |
Investing Cash Flow | 1,623,092 | -478,201 | 10,423 | -1,779,932 | -1,574,105 | -3,341,009 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Short-Term Debt Issued | - | 410,870 | 1,441,258 | 1,386,091 | 1,263,672 | 1,184,504 |
Long-Term Debt Issued | - | 360,383 | 225,060 | 202,000 | 710,478 | 518,562 |
Total Debt Issued | 788,102 | 771,253 | 1,666,318 | 1,588,091 | 1,974,150 | 1,703,066 |
Short-Term Debt Repaid | - | -971,478 | -1,805,466 | -1,444,749 | -1,560,734 | -456,913 |
Long-Term Debt Repaid | - | -278,875 | -250,639 | -218,490 | -148,589 | -112,039 |
Total Debt Repaid | -923,196 | -1,250,353 | -2,056,106 | -1,663,240 | -1,709,323 | -568,953 |
Net Debt Issued (Repaid) | -135,093 | -479,101 | -389,788 | -75,149 | 264,827 | 1,134,114 |
Issuance of Common Stock | 36,268 | 32,389 | 22,813 | 34,257 | 72,490 | 64,551 |
Dividends Paid | -104,472 | -38,947 | -43,475 | -54,575 | -22,990 | -12,902 |
Other Financing Activities | -157,095 | -222,554 | -110,868 | 1,115,053 | 97,494 | 3,255,403 |
Financing Cash Flow | -360,393 | -708,212 | -521,317 | 1,019,587 | 411,821 | 4,441,166 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Foreign Exchange Rate Adjustments | 25,859 | -21,214 | 47,894 | -27,471 | -5,884 | 24,655 |
Miscellaneous Cash Flow Adjustments | 0 | 6,883 | -6,883 | - | 0 | 0 |
Net Cash Flow | 2,429,508 | 204,019 | 780,575 | 553,281 | -489,791 | 2,431,383 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | 587,691 | 925,593 | 870,843 | 765,948 | 225,461 | 1,090,353 |
Free Cash Flow Growth | -36.76% | 6.29% | 13.69% | 239.73% | -79.32% | 38.38% |
Free Cash Flow Margin | 6.93% | 11.43% | 11.07% | 10.14% | 3.32% | 18.45% |
Free Cash Flow Per Share | 1329.83 | 2097.53 | 1966.48 | 1751.06 | 509.36 | 2461.02 |
Levered Free Cash Flow | 3,416,083 | 1,445,718 | 1,314,601 | 1,872,529 | 405,824 | 1,258,080 |
Unlevered Free Cash Flow | 3,528,728 | 1,558,364 | 1,441,884 | 1,974,265 | 474,493 | 1,282,699 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash Interest Paid | 164,150 | 180,403 | 202,286 | 168,396 | 113,101 | 28,455 |
Cash Income Tax Paid | 355,115 | 242,890 | 278,211 | 303,330 | 317,923 | 227,379 |
Change in Working Capital | -377,876 | -106,438 | -4,345 | 247,953 | -460,172 | -209,021 |