Cathay Chemical Works Cash Flow Statement

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

Millions TWD. 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	583.84	1,556	350.37	285.91	157.49
Depreciation & Amortization	16.47	15.52	15.41	14.41	13.94
Other Amortization	-	-	-	-	0.02
Loss (Gain) From Sale of Assets	-0.01	-1,107	-	-	-0.57
Loss (Gain) From Sale of Investments	-	-28.62	-	-	-16.62
Loss (Gain) on Equity Investments	-648.34	-493.86	-380.72	-286.06	-107.96
Provision & Write-off of Bad Debts	-0.09	0.05	0.29	-	-
Other Operating Activities	212.17	138.68	87.78	31.64	25.76
Change in Accounts Receivable	-8.48	7.73	-26.47	24.88	-11.95
Change in Inventory	11.27	1.89	54.53	-2.34	-108.79
Change in Accounts Payable	-3.99	4.65	-2.79	-3.14	8.55
Change in Unearned Revenue	0.34	-0.41	0.41	-	-
Change in Other Net Operating Assets	-43.27	62.57	7.98	45.45	-35.05
Operating Cash Flow	119.92	157.29	106.78	110.74	-75.18
Operating Cash Flow Growth	-23.76%	47.30%	-3.57%	-	-
Capital Expenditures	-18.63	-6.15	-7.12	-11.14	-7.27
Sale of Property, Plant & Equipment	0.04	1,230	-	-	0.57
Investment in Securities	991	-1,180	26.95	-20.7	-84.84
Other Investing Activities	-0.03	-1.53	-1.1	0.85	0.55
Investing Cash Flow	972.39	42.47	18.73	-30.99	-90.98
Short-Term Debt Issued	30	25	35	-	-
Total Debt Issued	30	25	35	-	-
Short-Term Debt Repaid	-30	-25	-35	-	-
Long-Term Debt Repaid	-1.24	-1.21	-1.19	-0.3	-
Total Debt Repaid	-31.24	-26.21	-36.19	-0.3	-
Net Debt Issued (Repaid)	-1.24	-1.21	-1.19	-0.3	-
Common Dividends Paid	-1,132	-211.33	-150.95	-128.31	-99.63
Other Financing Activities	-0.36	-	-0.05	-	-
Financing Cash Flow	-1,134	-212.54	-152.19	-128.61	-99.63
Net Cash Flow	-41.43	-12.78	-26.68	-48.86	-265.79
Free Cash Flow	101.3	151.15	99.67	99.6	-82.45
Free Cash Flow Growth	-32.98%	51.65%	0.07%	-	-
Free Cash Flow Margin	22.02%	28.63%	20.92%	17.43%	-13.20%
Free Cash Flow Per Share	0.67	0.99	0.66	0.66	-0.55
Cash Interest Paid	0.06	-	0.05	-	-
Cash Income Tax Paid	6.03	32.9	1.07	2.95	-0.16
Levered Free Cash Flow	-91.95	29.94	23.72	59.68	-119.87
Unlevered Free Cash Flow	-91.87	30	23.79	59.7	-119.87
Change in Working Capital	-44.12	76.42	33.66	64.84	-147.24

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