HD Hyundai 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	717,697	509,021	264,481	1,408,623	-147,124	-609,172
Depreciation & Amortization	2,064,964	1,915,186	1,758,883	1,581,708	901,568	778,405
Loss (Gain) on Equity Investments	-7,545	67,559	43,523	170,747	350,233	269,080
Provision & Write-off of Bad Debts	6,137	-19,757	-22,636	-87,603	20,456	10,695
Other Operating Activities	3,258,487	1,275,036	259,925	898,372	482,069	-621,645
Change in Accounts Receivable	-267,155	45,155	-327,105	-71,236	-643,839	362,279
Change in Inventory	-242,082	-265,069	108,356	-1,767,228	-1,855,523	872,383
Change in Accounts Payable	1,284,480	961,998	472,029	-406,348	284,170	-450,766
Change in Other Net Operating Assets	3,235,013	3,022,361	1,377,415	406,743	612,284	275,816
Operating Cash Flow	10,049,997	7,511,490	3,934,871	2,133,778	4,294	887,075
Operating Cash Flow Growth	78.08%	90.90%	84.41%	49587.90%	-99.52%	-26.42%
Capital Expenditures	-1,895,048	-1,724,954	-2,100,109	-1,968,565	-1,951,449	-2,210,805
Sale of Property, Plant & Equipment	47,111	41,126	41,392	36,297	57,329	16,489
Cash Acquisitions	132,934	-	-36.56	-1,215	-	-
Divestitures	-270,741	-270,741	818.67	2,741,522	214,697	118,323
Sale (Purchase) of Intangibles	-127,798	-141,936	-130,907	-95,236	-35,085	-34,777
Investment in Securities	-2,698,625	-277,743	-389,420	467,116	23,299	330,533
Other Investing Activities	91,468	-26,634	-44,187	55,488	30,226	-38,168
Investing Cash Flow	-4,720,700	-2,400,882	-2,622,448	1,235,407	-1,660,983	-1,818,405
Long-Term Debt Issued	-	20,093,405	23,805,310	23,685,810	13,993,371	16,159,874
Total Debt Issued	21,331,985	20,093,405	23,805,310	23,685,810	13,993,371	16,159,874
Long-Term Debt Repaid	-	-24,286,215	-23,593,374	-24,819,784	-12,530,238	-14,978,444
Total Debt Repaid	-22,771,818	-24,286,215	-23,593,374	-24,819,784	-12,530,238	-14,978,444
Net Debt Issued (Repaid)	-1,439,833	-4,192,810	211,936	-1,133,974	1,463,133	1,181,431
Repurchase of Common Stock	-	-	-	-	-	-124,266
Dividends Paid	-254,390	-325,075	-388,644	-325,050	-392,176	-270,479
Other Financing Activities	-604,591	590,736	-729,108	-78,373	637,461	163,460
Financing Cash Flow	-2,298,815	-3,927,149	-905,816	-1,537,398	1,708,418	950,146
Foreign Exchange Rate Adjustments	38,307	83,098	-872.51	25,916	46,834	-8,801
Net Cash Flow	3,068,788	1,266,557	405,735	1,857,704	98,563	10,016
Free Cash Flow	8,154,949	5,786,536	1,834,762	165,213	-1,947,155	-1,323,730
Free Cash Flow Growth	113.70%	215.38%	1010.54%	-	-	-
Free Cash Flow Margin	11.71%	8.54%	2.99%	0.27%	-6.87%	-7.00%
Free Cash Flow Per Share	115397.34	81882.89	25962.97	2337.87	-27553.39	-18607.20
Cash Interest Paid	737,624	899,520	901,203	663,091	357,577	279,548
Cash Income Tax Paid	588,353	389,611	728,667	496,848	282,133	307,643
Levered Free Cash Flow	6,565,682	4,956,937	1,611,862	10,220	-2,727,781	-1,156,205
Unlevered Free Cash Flow	7,124,579	5,565,213	2,181,681	410,558	-2,544,425	-1,008,950
Change in Working Capital	4,010,256	3,764,445	1,630,695	-1,838,069	-1,602,908	1,059,712

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