DZS Inc. 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	FY 2020
Period Ending	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	-24,411	-30,376	-51,902	-41,313	-25,119
Depreciation & Amortization	3,006	3,361	10,600	5,421	5,597
Other Amortization	-	-	217.57	14.29	162.15
Loss (Gain) From Sale of Assets	-	0.02	-255.29	-557.46	19.59
Asset Writedown & Restructuring Costs	-	-	1,040	5,271	7,043
Stock-Based Compensation	-	-	19,873	10,709	5,020
Provision & Write-off of Bad Debts	11,583	-3,192	-287.99	17,261	4,171
Other Operating Activities	-6,697	9,454	10,823	8,040	13,538
Change in Accounts Receivable	4,548	17,553	-60,086	-3,227	-8,098
Change in Inventory	11,948	14,279	-55,327	-27,684	-7,526
Change in Accounts Payable	1,546	-24,328	74,374	22,742	12,119
Change in Unearned Revenue	-	-	6,591	2,638	14.15
Change in Other Net Operating Assets	-11,484	4,143	-19,279	-16,380	-1,430
Operating Cash Flow	-9,961	-9,107	-63,619	-17,065	5,511
Capital Expenditures	-119.1	-1,067	-5,699	-6,653	-2,470
Sale of Property, Plant & Equipment	-	-	207.51	668.24	-
Cash Acquisitions	-	-	-29,739	-5,311	-
Investment in Securities	397.55	238.02	-	-	-
Other Investing Activities	45.15	-0	-	-	-
Investing Cash Flow	323.6	-46,340	-35,231	-11,296	-2,470
Short-Term Debt Issued	-	-	5,030	-	14,990
Long-Term Debt Issued	46,509	80,546	37,780	-	19,960
Total Debt Issued	46,509	80,546	42,810	-	34,950
Short-Term Debt Repaid	-	-	-	-15,816	-18,170
Long-Term Debt Repaid	-36,336	-27,909	-786.01	-34,899	-14,284
Total Debt Repaid	-36,336	-27,909	-786.01	-50,715	-32,453
Net Debt Issued (Repaid)	10,173	52,637	42,024	-50,715	2,496
Issuance of Common Stock	-	-	41,185	79,038	4,010
Other Financing Activities	-0	-	-1,757	-	12,673
Financing Cash Flow	10,173	52,637	81,453	28,323	19,180
Foreign Exchange Rate Adjustments	98.35	0.92	-1,688	-1,092	581.14
Miscellaneous Cash Flow Adjustments	0	-	-	-	-
Net Cash Flow	633.88	-2,808	-19,084	-1,129	22,801
Free Cash Flow	-10,080	-10,174	-69,318	-23,717	3,041
Free Cash Flow Margin	-7.25%	-5.93%	-15.42%	-5.69%	0.93%
Free Cash Flow Per Share	-	-	-2468.16	-888.55	140.85
Cash Interest Paid	2,345	834.51	1,562	227.51	1,925
Cash Income Tax Paid	1,236	904.26	1,279	3,608	2,878
Levered Free Cash Flow	-5,925	64,225	-17,123	12,644	15,219
Unlevered Free Cash Flow	-4,446	65,455	-16,207	12,807	16,389
Change in Working Capital	6,558	11,647	-53,728	-21,910	-4,921

Source: S&P Global Market Intelligence. Standard template. Financial Sources.