Hankook Tire & Technology 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	950,980	1,114,629	720,218	690,249	588,192	372,337
Depreciation & Amortization	515,036	515,036	507,372	535,873	592,181	627,524
Loss (Gain) From Sale of Assets	3,329	3,329	1,940	-117,888	-439.59	5,983
Asset Writedown & Restructuring Costs	47.37	47.37	3,131	7,674	14,825	-9.42
Loss (Gain) From Sale of Investments	1,829	1,829	951.38	6,600	-3,274	76.7
Loss (Gain) on Equity Investments	353,395	353,395	34,975	11,553	-43,464	-5,191
Stock-Based Compensation	658.11	658.11	658.15	-	-	-
Provision & Write-off of Bad Debts	1,568	1,568	1,722	-1,186	-3,042	10,245
Other Operating Activities	539,662	179,747	205,748	163,986	116,902	139,452
Change in Accounts Receivable	-10,386	-10,386	62,498	-251,058	-114,184	-20,113
Change in Inventory	-210,178	-210,178	480,089	-512,451	-282,118	114,633
Change in Accounts Payable	-69,540	-69,540	-65,200	25,221	-22,372	56,094
Change in Other Net Operating Assets	-537,033	5,978	21,396	-54,003	-1,678	-10,181
Operating Cash Flow	1,539,368	1,886,111	1,975,497	504,571	841,528	1,290,851
Operating Cash Flow Growth	-21.40%	-4.52%	291.52%	-40.04%	-34.81%	69.77%
Capital Expenditures	-1,896,540	-1,033,182	-424,229	-294,811	-327,532	-312,211
Sale of Property, Plant & Equipment	37,265	8,229	12,959	50,097	23,780	14,100
Divestitures	1,242,107	6,567	-	-	-	-
Sale (Purchase) of Intangibles	-159,503	-9,672	-8,805	-12,779	-11,191	-7,070
Investment in Securities	-54,742	-497,384	482,670	-40,223	-443,156	-744,859
Other Investing Activities	-1,237,477	-1,100,245	24,696	-36,602	-12,854	45,397
Investing Cash Flow	-2,049,531	-2,610,437	96,914	-332,001	-766,569	-1,004,323
Short-Term Debt Issued	-	563,451	-	26,554	-	-
Long-Term Debt Issued	-	3,178	130,563	3,318	128,194	598,770
Total Debt Issued	1,969,308	566,630	130,563	29,872	128,194	598,770
Short-Term Debt Repaid	-	-	-137,294	-	-23,246	-248,557
Long-Term Debt Repaid	-	-225,747	-918,740	-62,538	-103,617	-364,007
Total Debt Repaid	-912,528	-225,747	-1,056,034	-62,538	-126,862	-612,565
Net Debt Issued (Repaid)	1,056,780	340,883	-925,471	-32,666	1,332	-13,795
Issuance of Common Stock	-	-	-	27,107	-	-
Repurchase of Common Stock	-	-	-	-	-	-43,761
Dividends Paid	-342,067	-158,680	-98,299	-85,389	-84,244	-73,254
Other Financing Activities	-3,674	-94.51	58,398	609.03	3,824	30,389
Financing Cash Flow	711,039	182,108	-965,372	-90,339	-79,088	-100,420
Foreign Exchange Rate Adjustments	55,601	180,653	-2,607	-7,465	5,306	-2,842
Miscellaneous Cash Flow Adjustments	-	-	-	2,635	-	-
Net Cash Flow	256,477	-361,565	1,104,432	77,400	1,178	183,264
Free Cash Flow	-357,172	852,930	1,551,269	209,760	513,996	978,640
Free Cash Flow Growth	-	-45.02%	639.55%	-59.19%	-47.48%	100.51%
Free Cash Flow Margin	-1.95%	9.06%	17.35%	2.50%	7.20%	15.17%
Free Cash Flow Per Share	-2927.89	6991.87	12716.49	1719.50	4213.47	7968.73
Cash Interest Paid	206,434	46,761	76,477	62,275	46,051	47,945
Cash Income Tax Paid	654,243	409,892	454,824	124,983	151,919	190,147
Levered Free Cash Flow	-2,245,169	621,593	1,491,218	-226,594	259,962	1,115,246
Unlevered Free Cash Flow	-2,094,978	649,322	1,535,200	-188,058	287,313	1,144,911
Change in Working Capital	-827,136	-284,126	498,783	-792,291	-420,351	140,433

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