BGF Retail Cash Flow Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	195,218	195,845	193,539	147,643
Depreciation & Amortization	515,483	477,546	420,987	382,360
Loss (Gain) From Sale of Assets	1,067	2,002	3,784	4,003
Asset Writedown & Restructuring Costs	10,015	7,492	4,703	2,424
Loss (Gain) From Sale of Investments	-8,566	-10,789	-11,526	-942
Loss (Gain) on Equity Investments	909	310	943	-
Provision & Write-off of Bad Debts	84	14	753	148
Other Operating Activities	26,146	13,899	26,082	20,257
Change in Accounts Receivable	20,313	-48,511	-52,369	-19,447
Change in Inventory	-35,306	-52,127	-16,384	13,087
Change in Accounts Payable	56,069	16,113	15,734	-67,033
Change in Other Net Operating Assets	-12,644	45,287	44,179	55,648
Operating Cash Flow	768,788	647,081	630,425	538,148
Operating Cash Flow Growth	18.81%	2.64%	17.15%	6.07%
Capital Expenditures	-248,630	-262,134	-268,456	-241,900
Sale of Property, Plant & Equipment	805.29	471.69	804.9	369.03
Sale (Purchase) of Intangibles	-5,350	-6,528	-8,568	-4,862
Investment in Securities	-4,007	46,058	197,680	26,376
Other Investing Activities	-88,850	-22,004	-19,942	-19,072
Investing Cash Flow	-346,031	-244,137	-98,480	-239,089
Long-Term Debt Issued	2,155	18,082	27,418	22,460
Total Debt Issued	2,155	18,082	27,418	22,460
Long-Term Debt Repaid	-331,610	-316,469	-293,226	-249,623
Total Debt Repaid	-331,610	-316,469	-293,226	-249,623
Net Debt Issued (Repaid)	-329,455	-298,387	-265,808	-227,163
Dividends Paid	-70,828	-70,828	-51,825	-41,460
Financing Cash Flow	-400,282	-369,215	-317,633	-268,623
Foreign Exchange Rate Adjustments	9.87	-31.89	-158.32	-3.96
Net Cash Flow	22,485	33,698	214,153	30,431
Free Cash Flow	520,159	384,947	361,969	296,247
Free Cash Flow Growth	35.13%	6.35%	22.18%	-5.84%
Free Cash Flow Margin	5.98%	4.70%	4.75%	4.37%
Free Cash Flow Per Share	30110.46	22283.46	20953.33	17148.89
Cash Interest Paid	384.14	651.66	1,044	527.19
Cash Income Tax Paid	54,870	64,537	53,401	42,328
Levered Free Cash Flow	449,862	267,484	258,538	205,686
Unlevered Free Cash Flow	481,705	296,801	276,246	217,380
Change in Working Capital	28,432	-39,238	-8,840	-17,745

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