LOTTE Himart Co.,Ltd. Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2013	FY 2012	FY 2011	FY 2010	FY 2009
Period Ending	Dec '13 Dec 31, 2013	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012	Dec '11 Dec 31, 2011	Dec '10 Dec 31, 2010	Dec '09 Dec 31, 2009
Net Income	129,109	129,109	69,582	140,720	106,881	62,885
Depreciation & Amortization	46,364	46,364	43,864	40,699	36,786	35,701
Loss (Gain) From Sale of Assets	1,085	1,085	2,040	650.26	1,968	-377.22
Asset Writedown & Restructuring Costs	28.28	28.28	762.36	169.55	1,162	795.56
Loss (Gain) From Sale of Investments	1.76	1.76	-	-0.46	20.32	-
Provision & Write-off of Bad Debts	-	-	218.7	-0.27	-336.9	-
Other Operating Activities	44,139	44,139	69,910	83,674	103,447	92,122
Change in Accounts Receivable	-29,466	-29,466	-25,560	-5,487	12,951	10,192
Change in Inventory	-87,533	-87,533	-26,319	-23,690	-32,046	-11,359
Change in Accounts Payable	67,657	67,657	-61,461	73,875	-56,645	12,356
Change in Other Net Operating Assets	-14,656	-14,656	-13,671	-12,519	-6,446	-12,937
Operating Cash Flow	156,728	156,728	59,365	298,091	167,744	189,379
Operating Cash Flow Growth	164.01%	164.01%	-80.08%	77.71%	-11.42%	-
Capital Expenditures	-64,148	-64,148	-49,950	-60,039	-52,920	-40,275
Sale of Property, Plant & Equipment	660.06	660.06	237.55	308.59	129.39	1,040
Sale (Purchase) of Intangibles	-2,960	-2,960	-1,062	-929.07	-925.32	-265.63
Investment in Securities	9,463	9,463	8,805	9,448	-11,571	3,257
Other Investing Activities	-2,277	-2,277	5,015	36.33	-4,392	-4,095
Investing Cash Flow	-59,262	-59,262	-36,955	-51,175	-69,678	-40,340
Short-Term Debt Issued	259,993	259,993	860,000	-	10,000	40,000
Long-Term Debt Issued	430,954	430,954	299,163	1,013,096	-	100,000
Total Debt Issued	690,947	690,947	1,159,163	1,013,096	10,000	140,000
Short-Term Debt Repaid	-749,993	-749,993	-300,000	-50,000	-	-
Long-Term Debt Repaid	-	-	-1,010,000	-1,322,983	-164,799	-340,323
Total Debt Repaid	-749,993	-749,993	-1,310,000	-1,372,983	-164,799	-340,323
Net Debt Issued (Repaid)	-59,046	-59,046	-150,837	-359,887	-154,799	-200,323
Issuance of Common Stock	-	-	-	261,464	244,197	116,610
Dividends Paid	-5,902	-5,902	-20,775	-	-	-
Other Financing Activities	-28,278	-28,278	-61,765	-83,620	-77,170	-80,180
Financing Cash Flow	-93,226	-93,226	-233,377	-182,043	-51,261	-155,511
Miscellaneous Cash Flow Adjustments	-	-	-	0	-	-0
Net Cash Flow	4,241	4,241	-210,967	64,872	46,805	-6,471
Free Cash Flow	92,580	92,580	9,415	238,052	114,824	149,104
Free Cash Flow Growth	883.34%	883.34%	-96.05%	107.32%	-22.99%	-
Free Cash Flow Margin	2.63%	2.63%	0.29%	6.98%	3.76%	5.60%
Free Cash Flow Per Share	3921.60	3921.60	398.75	11141.39	6091.35	9477.11
Cash Interest Paid	28,293	28,293	61,789	83,630	76,761	80,180
Cash Income Tax Paid	29,641	29,641	33,950	42,694	13,968	24,876
Levered Free Cash Flow	45,090	45,090	-66,684	119,143	9,920	-
Unlevered Free Cash Flow	62,615	62,615	-24,352	166,216	61,200	-
Change in Net Working Capital	32,144	32,144	118,128	-29,744	57,741	-

Source: S&P Capital IQ. Standard template. Financial Sources.