HD Hyundai 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	962,697	509,021	264,481	1,408,623	-147,124
Depreciation & Amortization	2,056,849	1,915,186	1,758,883	1,581,708	901,568
Loss (Gain) on Equity Investments	-48,976	67,559	43,523	170,747	350,233
Provision & Write-off of Bad Debts	12,837	-19,757	-22,636	-87,603	20,456
Other Operating Activities	4,227,942	1,275,036	259,925	898,372	482,069
Change in Accounts Receivable	-451,069	45,155	-327,105	-71,236	-643,839
Change in Inventory	-246,748	-265,069	108,356	-1,767,228	-1,855,523
Change in Accounts Payable	142,661	961,998	472,029	-406,348	284,170
Change in Other Net Operating Assets	728,691	3,022,361	1,377,415	406,743	612,284
Operating Cash Flow	7,384,884	7,511,490	3,934,871	2,133,778	4,294
Operating Cash Flow Growth	-1.69%	90.90%	84.41%	49587.90%	-99.52%
Capital Expenditures	-2,159,086	-1,724,954	-2,100,109	-1,968,565	-1,951,449
Sale of Property, Plant & Equipment	155,950	41,126	41,392	36,297	57,329
Cash Acquisitions	-	-	-36.56	-1,215	-
Divestitures	-203,017	-270,741	818.67	2,741,522	214,697
Sale (Purchase) of Intangibles	-121,000	-141,936	-130,907	-95,236	-35,085
Investment in Securities	-2,536,527	-277,743	-389,420	467,116	23,299
Other Investing Activities	117,369	-26,634	-44,187	55,488	30,226
Investing Cash Flow	-4,746,312	-2,400,882	-2,622,448	1,235,407	-1,660,983
Long-Term Debt Issued	17,114,658	20,093,405	23,805,310	23,685,810	13,993,371
Total Debt Issued	17,114,658	20,093,405	23,805,310	23,685,810	13,993,371
Long-Term Debt Repaid	-17,879,639	-24,286,215	-23,593,374	-24,819,784	-12,530,238
Total Debt Repaid	-17,879,639	-24,286,215	-23,593,374	-24,819,784	-12,530,238
Net Debt Issued (Repaid)	-764,981	-4,192,810	211,936	-1,133,974	1,463,133
Dividends Paid	-254,386	-325,075	-388,644	-325,050	-392,176
Other Financing Activities	-925,533	590,736	-729,108	-78,373	637,461
Financing Cash Flow	-1,944,900	-3,927,149	-905,816	-1,537,398	1,708,418
Foreign Exchange Rate Adjustments	6,743	83,098	-872.51	25,916	46,834
Net Cash Flow	700,415	1,266,557	405,735	1,857,704	98,563
Free Cash Flow	5,225,798	5,786,536	1,834,762	165,213	-1,947,155
Free Cash Flow Growth	-9.69%	215.38%	1010.54%	-	-
Free Cash Flow Margin	7.33%	8.54%	2.99%	0.27%	-6.87%
Free Cash Flow Per Share	73948.13	81882.89	25962.97	2337.87	-27553.39
Cash Interest Paid	726,849	899,520	901,203	663,091	357,577
Cash Income Tax Paid	638,587	389,611	728,667	496,848	282,133
Levered Free Cash Flow	3,331,752	4,957,936	1,611,862	10,220	-2,727,781
Unlevered Free Cash Flow	3,868,145	5,566,213	2,181,681	410,558	-2,544,425
Change in Working Capital	173,535	3,764,445	1,630,695	-1,838,069	-1,602,908

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