SK Innovation Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-3,347,850	-2,259,957	256,250	1,569,023	292,092
Depreciation & Amortization	3,235,372	2,454,560	2,029,964	1,793,158	1,513,746
Loss (Gain) From Sale of Assets	-172,730	157,167	-6,156	8,105	-194,788
Asset Writedown & Restructuring Costs	5,490,853	72,565	886	77,227	79,758
Loss (Gain) From Sale of Investments	103,792	-	-	-	-
Loss (Gain) on Equity Investments	-293,894	204,478	-131,089	-4,209	-575,475
Provision & Write-off of Bad Debts	16,185	84,605	1,978	11,321	4,390
Other Operating Activities	-2,786,403	-155,335	-550,126	1,222,339	970,266
Change in Accounts Receivable	685,454	796,153	204,488	-1,737,247	-1,609,915
Change in Inventory	464,481	1,814,582	1,143,791	-4,315,261	-4,126,316
Change in Accounts Payable	13,545,637	6,110,765	2,687,139	5,245,286	4,070,704
Change in Other Net Operating Assets	-14,657,845	-7,047,061	-269,229	-3,463,185	-919,943
Operating Cash Flow	2,283,053	2,232,522	5,367,896	406,557	-495,481
Operating Cash Flow Growth	2.26%	-58.41%	1220.33%	-	-
Capital Expenditures	-5,367,234	-10,027,935	-11,239,352	-6,776,591	-3,175,689
Sale of Property, Plant & Equipment	580,284	71,875	21,217	67,009	902,453
Cash Acquisitions	-	-	-	-7,447	-11,795
Divestitures	-	2,356,532	-	-	-
Sale (Purchase) of Intangibles	-224,355	-174,921	-217,826	-288,400	-77,737
Investment in Securities	939,335	-53,309	21,847	1,816,136	-1,781,116
Other Investing Activities	-193,497	490,415	205,284	44,975	23,442
Investing Cash Flow	-4,285,449	-7,295,310	-11,244,233	-5,123,323	-4,110,731
Short-Term Debt Issued	-	1,523,845	610,039	6,883,646	-
Long-Term Debt Issued	12,837,035	8,326,385	7,718,475	4,166,620	4,414,768
Total Debt Issued	12,837,035	9,850,230	8,328,513	11,050,265	4,414,768
Short-Term Debt Repaid	-4,560,278	-	-	-	-723,780
Long-Term Debt Repaid	-8,292,438	-4,669,800	-5,200,839	-2,031,171	-2,097,760
Total Debt Repaid	-12,852,716	-4,669,800	-5,200,839	-2,031,171	-2,821,540
Net Debt Issued (Repaid)	-15,681	5,180,430	3,127,674	9,019,095	1,593,228
Issuance of Common Stock	1,999,551	490.33	1,137,083	-	-
Repurchase of Common Stock	-	-335,111	-	-	-
Common Dividends Paid	-681,497	-313,664	-313,932	-217,201	-25,197
Other Financing Activities	1,043,284	2,794,914	5,539,622	1,705,279	3,461,674
Financing Cash Flow	2,345,657	7,327,060	9,490,447	10,507,173	5,029,706
Foreign Exchange Rate Adjustments	-52,519	535,525	-18,771	264,852	59,672
Miscellaneous Cash Flow Adjustments	-64,274	-9,138	-	-	-
Net Cash Flow	226,468	2,790,659	3,595,339	6,055,259	483,166
Free Cash Flow	-3,084,181	-7,795,413	-5,871,456	-6,370,034	-3,671,170
Free Cash Flow Margin	-3.84%	-10.50%	-7.60%	-8.16%	-7.83%
Free Cash Flow Per Share	-19808.55	-74268.24	-64348.98	-73317.03	-42434.12
Cash Interest Paid	1,446,775	1,467,038	1,271,135	670,617	418,430
Cash Income Tax Paid	569,215	586,025	842,175	738,780	262,263
Levered Free Cash Flow	-3,715,993	-7,127,691	-5,575,974	-6,848,212	-3,256,220
Unlevered Free Cash Flow	-2,759,639	-6,187,993	-4,861,001	-6,444,482	-3,010,117
Change in Working Capital	37,727	1,674,439	3,766,189	-4,270,407	-2,585,470

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.