Feng Hsin Steel 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	2,254	2,475	2,375	3,073	4,035
Depreciation & Amortization	1,188	1,203	1,159	1,272	1,221
Loss (Gain) From Sale of Assets	-7.07	-1.08	18.09	4.81	-4.99
Loss (Gain) From Sale of Investments	-56.57	-	-	-	-3.75
Loss (Gain) on Equity Investments	-106.77	-144.22	-104.9	-233.39	-127.85
Provision & Write-off of Bad Debts	-	-	-	-1.19	-
Other Operating Activities	-46.23	16.18	-27.15	-324.6	275.76
Change in Accounts Receivable	639.29	70.22	179.46	-289.74	-499.86
Change in Inventory	1,826	243.58	-1,556	1,166	-4,084
Change in Accounts Payable	-328.22	-238.94	276.14	-302.87	294.93
Change in Unearned Revenue	72.43	5.22	-5.92	-87.5	36.86
Change in Other Net Operating Assets	-246.83	71.2	-354.78	-77.14	-27.75
Operating Cash Flow	5,188	3,700	1,959	4,200	1,115
Operating Cash Flow Growth	40.21%	88.88%	-53.35%	276.74%	-77.91%
Capital Expenditures	-1,072	-1,219	-1,529	-1,388	-670.32
Sale of Property, Plant & Equipment	7.19	2.35	0.03	7.09	0.73
Investment in Securities	415.89	421.25	409.45	140.74	-89.78
Other Investing Activities	71.87	333.87	140.99	90.08	173.15
Investing Cash Flow	-576.6	-461.62	-978.44	-1,150	-586.21
Short-Term Debt Issued	-	-	1,088	-	560.86
Total Debt Issued	-	-	1,088	-	560.86
Short-Term Debt Repaid	-708.15	-962.5	-	-28.74	-
Long-Term Debt Repaid	-74.9	-62.04	-50.01	-35.31	-7.68
Total Debt Repaid	-783.05	-1,025	-50.01	-64.05	-7.68
Net Debt Issued (Repaid)	-783.05	-1,025	1,038	-64.05	553.18
Common Dividends Paid	-2,036	-2,036	-2,326	-2,908	-2,036
Other Financing Activities	14.9	0.11	0.64	-	0.03
Financing Cash Flow	-2,804	-3,060	-1,288	-2,972	-1,482
Net Cash Flow	1,808	178.74	-307.08	78.19	-953.77
Free Cash Flow	4,117	2,481	430.2	2,812	444.5
Free Cash Flow Growth	65.91%	476.78%	-84.70%	532.69%	-89.71%
Free Cash Flow Margin	14.18%	7.22%	1.23%	7.29%	1.16%
Free Cash Flow Per Share	7.03	4.24	0.74	4.80	0.76
Cash Interest Paid	10.27	36.25	36.38	17.05	5.32
Cash Income Tax Paid	548.91	515.44	564.3	1,029	721.39
Levered Free Cash Flow	3,594	1,871	-55.7	2,027	-403.61
Unlevered Free Cash Flow	3,607	1,899	-30.19	2,040	-398.66
Change in Working Capital	1,963	151.29	-1,461	408.5	-4,280

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