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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	-39,258	-28,914	33,108	-26,277	-10,004	-6,514
Depreciation & Amortization	74,496	75,299	71,418	70,992	73,326	61,694
Loss (Gain) From Sale of Assets	411.56	1,245	1,229	4,104	3,318	452.83
Asset Writedown & Restructuring Costs	9,139	9,139	-	-	-	1,265
Loss (Gain) From Sale of Investments	-	-	315.9	-	-	1,626
Loss (Gain) on Equity Investments	-614.84	-541.4	-226.52	58.87	191.92	569.4
Stock-Based Compensation	-	-	-	112.89	142.19	216.04
Provision & Write-off of Bad Debts	114.49	145.23	233.35	350.43	51.82	23.56
Other Operating Activities	8,718	9,165	16,930	2,004	41,368	-738.74
Change in Accounts Receivable	118,234	151,266	-106,883	-2,137	28,842	7,998
Change in Inventory	-1,580	8,311	-2,066	28,669	27,240	-49,435
Change in Accounts Payable	-61,539	-78,843	133,915	-15,881	-50,869	1,205
Change in Income Taxes	978.13	67.6	-64.71	-1,868	-523.21	-
Change in Other Net Operating Assets	-17,594	-13,796	-66,129	-1,271	-14,819	-26,434
Operating Cash Flow	91,371	132,334	80,863	59,132	96,849	-8,336
Operating Cash Flow Growth	23.34%	63.65%	36.75%	-38.95%	-	-
Capital Expenditures	-42,435	-55,254	-52,300	-54,656	-132,801	-97,442
Sale of Property, Plant & Equipment	3,722	3,600	2,092	9,396	9,486	445.66
Cash Acquisitions	-	-	-	-	-28,863	-3,331
Divestitures	-	-	5.32	-	-	-
Sale (Purchase) of Intangibles	-1,842	-2,622	-2,553	-2,699	-328.89	-389.27
Investment in Securities	10,038	9,523	19,857	1,898	-47,491	-7,039
Other Investing Activities	-1,989	31.5	2,074	370.51	-1,908	-7,212
Investing Cash Flow	-23,784	-36,317	-40,959	-55,916	-206,200	-119,770
Short-Term Debt Issued	-	964,654	911,743	775,398	1,038,954	672,195
Long-Term Debt Issued	-	14,222	19,726	7,015	51,898	11,507
Total Debt Issued	859,248	978,876	931,469	782,413	1,090,852	683,702
Short-Term Debt Repaid	-	-1,007,330	-869,784	-816,307	-985,193	-590,614
Long-Term Debt Repaid	-	-27,658	-59,413	-30,061	-26,441	-35,854
Total Debt Repaid	-873,803	-1,034,987	-929,197	-846,368	-1,011,634	-626,468
Net Debt Issued (Repaid)	-14,555	-56,111	2,272	-63,955	79,219	57,234
Issuance of Common Stock	21,387	627.52	0.11	0.14	41,950	379.95
Repurchase of Common Stock	-	-	-10,000	-	-	-
Dividends Paid	-2,732	-2,732	-2,730	-2,739	-2,726	-4,293
Other Financing Activities	-38,238	-38,200	-46,020	-	-	-5,808
Financing Cash Flow	-34,138	-96,415	-56,478	-66,694	118,442	47,513
Foreign Exchange Rate Adjustments	3,778	-1,803	11,001	1,326	1,122	7,803
Miscellaneous Cash Flow Adjustments	-0	-	0	-	-	-
Net Cash Flow	37,227	-2,201	-5,573	-62,153	10,213	-72,791
Free Cash Flow	48,937	77,080	28,563	4,475	-35,952	-105,779
Free Cash Flow Growth	468.19%	169.86%	538.25%	-	-	-
Free Cash Flow Margin	3.28%	4.93%	1.77%	0.37%	-2.17%	-9.29%
Free Cash Flow Per Share	810.59	1002.51	396.25	64.72	-521.07	-1526.33
Cash Interest Paid	46,888	48,201	63,725	50,757	29,091	12,074
Cash Income Tax Paid	9,339	10,318	5,990	11,868	18,463	7,779
Levered Free Cash Flow	82,676	93,866	-4,217	6,965	-79,302	-130,300
Unlevered Free Cash Flow	105,502	117,584	20,887	29,963	-66,383	-123,839
Change in Working Capital	38,365	66,796	-42,146	7,787	-11,544	-66,930