SOCAR Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-42,729	-42,334	-18,138	6,277	-67,363
Depreciation & Amortization	91,739	85,917	79,562	59,908	46,411
Loss (Gain) From Sale of Assets	3,770	4,975	2,344	664.06	2,267
Asset Writedown & Restructuring Costs	-	-	-	56.71	26,720
Loss (Gain) From Sale of Investments	1,288	3,323	-	-26,662	-
Loss (Gain) on Equity Investments	1,450	7,045	10,970	630.13	-10,206
Stock-Based Compensation	5,092	6,247	3,849	1,413	100.71
Provision & Write-off of Bad Debts	3,790	3,337	294.28	887.85	265.87
Other Operating Activities	3,572	3,725	2,912	-11,910	9,906
Change in Accounts Receivable	-2,125	-7,201	-5,021	8,296	-324.6
Change in Inventory	85.56	-	-	1,282	1,143
Change in Accounts Payable	-	-	-1.24	-2.59	-34.34
Change in Unearned Revenue	439.06	-	2,524	2,038	1,297
Change in Other Net Operating Assets	-105,708	-174,636	-142,016	-44,620	-5,028
Operating Cash Flow	-39,337	-109,601	-62,721	-1,742	5,154
Capital Expenditures	-14,712	-2,989	-7,026	-10,464	-6,269
Sale of Property, Plant & Equipment	70.87	36.47	465.61	3,318	35.78
Cash Acquisitions	-	-	-5,016	-3,626	-
Sale (Purchase) of Intangibles	-461.19	-1,300	-4,070	-91.67	-798.65
Investment in Securities	7,191	-5,367	-4,072	-87.4	17,747
Other Investing Activities	70.6	45.91	-175.33	2,132	4,376
Investing Cash Flow	-7,866	-9,713	-19,722	-3,814	14,198
Short-Term Debt Issued	-	15,500	-	-	13,620
Long-Term Debt Issued	-	276,966	195,757	107,086	47,217
Total Debt Issued	245,910	292,466	195,757	107,086	60,837
Short-Term Debt Repaid	-	-11,461	-2,670	-2,198	-36,422
Long-Term Debt Repaid	-	-185,528	-139,577	-92,477	-65,391
Total Debt Repaid	-216,568	-196,989	-142,247	-94,674	-101,813
Net Debt Issued (Repaid)	29,342	95,477	53,510	12,411	-40,977
Issuance of Common Stock	343.69	998.1	101,920	15,390	1,056
Other Financing Activities	598.5	60	-1,538	-69.31	3,319
Financing Cash Flow	30,284	96,535	153,892	27,732	23,357
Miscellaneous Cash Flow Adjustments	-	-	-0	0	0
Net Cash Flow	-16,919	-22,779	71,450	22,175	42,710
Free Cash Flow	-54,049	-112,590	-69,746	-12,206	-1,115
Free Cash Flow Margin	-13.33%	-28.26%	-17.54%	-4.22%	-0.51%
Free Cash Flow Per Share	-1648.13	-3435.36	-2294.31	-577.52	-56.73
Cash Interest Paid	22,670	17,961	13,862	10,889	5,675
Cash Income Tax Paid	368.17	1,268	1,165	29.45	-30.12
Levered Free Cash Flow	39,766	80,792	68,097	33,031	-
Unlevered Free Cash Flow	54,278	92,943	77,390	42,101	-
Change in Net Working Capital	17,072	-11,747	877.41	-4,602	-

Source: S&P Capital IQ. Standard template. Financial Sources.