Hwaseung Enterprise 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	5,465	33,108	-26,277	-10,004	-6,514	40,100
Depreciation & Amortization	78,069	71,418	70,992	73,326	61,694	57,678
Loss (Gain) From Sale of Assets	1,501	1,229	4,104	3,318	452.83	1,024
Asset Writedown & Restructuring Costs	-	-	-	-	1,265	-
Loss (Gain) From Sale of Investments	322.76	315.9	-	-	1,626	-
Loss (Gain) on Equity Investments	106.87	-226.52	58.87	191.92	569.4	-324.02
Stock-Based Compensation	-	-	112.89	142.19	216.04	177.42
Provision & Write-off of Bad Debts	382.89	240.25	350.43	51.82	23.56	667.3
Other Operating Activities	15,164	16,923	2,004	41,368	-738.74	1,552
Change in Accounts Receivable	86,804	-106,883	-2,137	28,842	7,998	16,678
Change in Inventory	17,812	-2,066	28,669	27,240	-49,435	-20,936
Change in Accounts Payable	-61,194	133,915	-15,881	-50,869	1,205	-15,879
Change in Income Taxes	-13.65	-64.71	-1,868	-523.21	-	-
Change in Other Net Operating Assets	-47,836	-66,129	-1,271	-14,819	-26,434	-2,897
Operating Cash Flow	95,681	80,863	59,132	96,849	-8,336	77,654
Operating Cash Flow Growth	-11.93%	36.75%	-38.95%	-	-	12.03%
Capital Expenditures	-65,415	-52,300	-54,656	-132,801	-97,442	-96,536
Sale of Property, Plant & Equipment	1,296	2,092	9,396	9,486	445.66	2,001
Cash Acquisitions	-	-	-	-28,863	-3,331	-
Divestitures	-	5.32	-	-	-	-
Sale (Purchase) of Intangibles	-2,876	-2,553	-2,699	-328.89	-389.27	-3,663
Investment in Securities	16,886	19,857	1,898	-47,491	-7,039	-991.04
Other Investing Activities	-370.26	2,074	370.51	-1,908	-7,212	-1,749
Investing Cash Flow	-52,897	-40,959	-55,916	-206,200	-119,770	-100,934
Short-Term Debt Issued	-	911,743	775,398	1,038,954	672,195	772,857
Long-Term Debt Issued	-	19,726	7,015	51,898	11,507	3,038
Total Debt Issued	1,030,049	931,469	782,413	1,090,852	683,702	775,896
Short-Term Debt Repaid	-	-869,784	-816,307	-985,193	-590,614	-637,117
Long-Term Debt Repaid	-	-59,413	-30,061	-26,441	-35,854	-81,994
Total Debt Repaid	-1,062,694	-929,197	-846,368	-1,011,634	-626,468	-719,111
Net Debt Issued (Repaid)	-32,645	2,272	-63,955	79,219	57,234	56,784
Issuance of Common Stock	-	0.11	0.14	41,950	379.95	150,000
Repurchase of Common Stock	-73,373	-10,000	-	-	-	-
Dividends Paid	-2,736	-2,730	-2,739	-2,726	-4,293	-2,724
Other Financing Activities	25,692	-46,020	-	-	-5,808	-1,687
Financing Cash Flow	-83,062	-56,478	-66,694	118,442	47,513	202,373
Foreign Exchange Rate Adjustments	5,537	11,001	1,326	1,122	7,803	-4,740
Net Cash Flow	-34,741	-5,573	-62,153	10,213	-72,791	174,353
Free Cash Flow	30,266	28,563	4,475	-35,952	-105,779	-18,882
Free Cash Flow Growth	-47.31%	538.25%	-	-	-	-
Free Cash Flow Margin	1.83%	1.77%	0.37%	-2.17%	-9.29%	-1.69%
Free Cash Flow Per Share	359.26	396.25	64.72	-521.07	-1526.33	-280.12
Cash Interest Paid	51,305	63,725	50,757	29,091	12,074	14,459
Cash Income Tax Paid	4,686	5,990	11,868	18,463	7,779	7,395
Levered Free Cash Flow	25,941	-4,217	6,965	-79,302	-130,300	-17,289
Unlevered Free Cash Flow	50,735	20,887	29,963	-66,383	-123,839	-9,222
Change in Working Capital	-5,329	-42,146	7,787	-11,544	-66,930	-23,222

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