SK Square 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	15,589,078	8,824,131	3,713,971	-1,287,048	259,768	2,251,224
Depreciation & Amortization	77,502	82,838	103,629	143,491	374,537	379,782
Loss (Gain) From Sale of Assets	-77,701	-78,807	1,623	11,613	17,462	34,740
Asset Writedown & Restructuring Costs	80,070	78,441	32,789	24,182	10,214	30,402
Loss (Gain) From Sale of Investments	77,616	70,385	116,521	243,071	-1,476	190,884
Loss (Gain) on Equity Investments	-16,928,216	-9,666,616	-4,137,111	1,042,575	-381,421	-2,628,744
Stock-Based Compensation	22,208	23,019	2,982	31,638	29,606	83,616
Provision & Write-off of Bad Debts	5,079	2,642	24,624	8,560	4,244	7,752
Other Operating Activities	1,586,391	1,097,931	265,268	-14,847	234,426	54,528
Change in Accounts Receivable	-18,460	-1,598	53,607	34,258	-82,458	-272,238
Change in Inventory	6,783	4,361	59,143	-18,304	-83,769	-3,468
Change in Accounts Payable	-1,619	-9,107	-14,059	-59,100	26,176	248,958
Change in Other Net Operating Assets	-7,352	-40,418	-33,033	105,660	-64,952	242,838
Operating Cash Flow	411,379	387,202	189,954	265,749	342,357	620,274
Operating Cash Flow Growth	231.82%	103.84%	-28.52%	-22.38%	-44.81%	-
Capital Expenditures	-29,037	-23,145	-39,003	-237,254	-321,917	-312,744
Sale of Property, Plant & Equipment	145,296	146,007	2,959	9,054	1,143	1,068
Cash Acquisitions	-116,470	-104,772	-1,457	-602	-70,559	-24,390
Divestitures	507,495	513,724	3	346,560	61,777	-
Sale (Purchase) of Intangibles	-10,811	-6,999	952	-19,639	-50,329	-106,458
Investment in Securities	-34,147	-106,005	31,324	231,151	376,740	-224,022
Other Investing Activities	-255,864	-389,751	97,816	-44,447	-55,999	-188,976
Investing Cash Flow	206,996	29,594	89,738	284,320	-57,802	-855,090
Short-Term Debt Issued	-	-	-	31,685	-	-
Long-Term Debt Issued	-	-	-	-	15,895	-
Total Debt Issued	4,192	-	-	31,685	15,895	449,298
Short-Term Debt Repaid	-	-15,493	-31,247	-	-88,731	-
Long-Term Debt Repaid	-	-88,457	-36,977	-81,509	-50,396	-
Total Debt Repaid	-99,314	-103,950	-68,224	-81,509	-139,127	-66,852
Net Debt Issued (Repaid)	-95,122	-103,950	-68,224	-49,824	-123,232	382,446
Repurchase of Common Stock	-200,480	-190,033	-154,602	-265,607	-	-54,642
Dividends Paid	-1,800	-1,800	-2,388	-38,024	-8,203	-
Other Financing Activities	-335,733	-123,509	24,501	72,370	200,099	-
Financing Cash Flow	-633,135	-419,292	-200,713	-281,085	68,664	327,804
Foreign Exchange Rate Adjustments	4,645	-4,150	18,732	306	6,200	4,116
Miscellaneous Cash Flow Adjustments	20,877	-50,934	-306	-	-	-
Net Cash Flow	10,762	-57,580	97,405	269,290	359,419	97,104
Free Cash Flow	382,342	364,057	150,951	28,495	20,440	307,530
Free Cash Flow Growth	315.49%	141.18%	429.75%	39.41%	-93.35%	-
Free Cash Flow Margin	2.25%	3.48%	2.57%	1.25%	0.72%	4.47%
Free Cash Flow Per Share	2883.85	2742.59	1126.48	204.98	135.50	2172.63
Cash Interest Paid	7,703	7,637	8,287	40,599	68,675	12,528
Cash Income Tax Paid	17,678	23,026	59,518	23,897	39,002	2,190
Levered Free Cash Flow	9,921,295	5,771,119	2,199,198	-107,512	-496,827	-
Unlevered Free Cash Flow	9,929,523	5,780,785	2,209,899	-102,346	-493,911	-
Change in Working Capital	-20,648	-46,762	65,658	62,514	-205,003	216,090