HORNG SHIUE HOLDING Co., Ltd. (TPE:2243)

HORNG SHIUE HOLDING Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	81.09	84.59	16.73	-144.34	-28.64	-79.48
Depreciation & Amortization	100.75	96.78	102.32	111.05	113.73	116.42
Loss (Gain) From Sale of Assets	0.17	-0.05	0.21	0.27	0.65	2.91
Loss (Gain) From Sale of Investments	-	-	-	0.05	-0.43	-
Stock-Based Compensation	-	-	-	-	3.02	6.68
Provision & Write-off of Bad Debts	3.03	9.09	-2.71	4.08	-21.13	-57.68
Other Operating Activities	-5.63	7.55	21.02	24.35	61.31	45.67
Change in Accounts Receivable	8.93	113.7	-7.55	-81.38	-589.87	-174.31
Change in Inventory	30.94	-286.79	339.49	101.7	158.61	-188.05
Change in Accounts Payable	-175.81	36.4	-34.09	179.36	-232.27	177.55
Change in Unearned Revenue	109.35	176.17	-204.93	-192.45	109.96	198.25
Change in Other Net Operating Assets	69.96	-124.58	99.28	38.23	470.85	269.9
Operating Cash Flow	222.78	112.86	329.77	40.91	46.22	317.86
Operating Cash Flow Growth	7.69%	-65.78%	706.15%	-11.49%	-85.46%	585.45%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-34.1	-63.98	-8.87	-36.87	-7.31	-48.27
Sale of Property, Plant & Equipment	-0.02	2.4	-	0.86	5.8	-
Sale (Purchase) of Intangibles	-11.71	-6.45	-5.6	-8.3	-7.72	-4.97
Investment in Securities	-	-	-	-	-	5.62
Other Investing Activities	-79.8	-3.86	-18.91	2.16	18.62	14.59
Investing Cash Flow	-125.63	-71.88	-33.38	-42.15	9.39	-33.03

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	415.08	288.8	-	-	341.46
Long-Term Debt Issued	-	21.85	180.78	66.16	176.96	-
Total Debt Issued	496.58	436.93	469.58	66.16	176.96	341.46
Short-Term Debt Repaid	-	-322.45	-212.87	-13.23	-150.42	-
Long-Term Debt Repaid	-	-139.3	-197.25	-107.6	-342.26	-465.83
Lease Payments	-33.02	-28.54	-23.25	-20.34	-24.01	-0.48
Total Debt Repaid	-585.13	-461.76	-410.12	-120.83	-492.68	-465.83
Net Debt Issued (Repaid)	-88.55	-24.83	59.45	-54.67	-315.72	-124.37
Issuance of Common Stock	200	-	-	278.99	-	-
Other Financing Activities	-	-	-	-204.56	204.56	-
Financing Cash Flow	111.45	-24.83	59.45	19.75	-111.15	-124.37

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	42.37	-17.65	-108.31	-2.1	18.96	10.52
Net Cash Flow	250.97	-1.5	247.54	16.41	-36.58	170.99

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	188.68	48.87	320.91	4.04	38.91	269.59
Free Cash Flow Growth	28.56%	-84.77%	7839.29%	-89.61%	-85.57%	-
Free Cash Flow Margin	9.61%	2.81%	16.79%	0.24%	2.29%	17.97%
Free Cash Flow Per Share	2.72	0.70	4.63	0.06	0.88	6.16
Levered Free Cash Flow	-37.49	63.9	34.56	-4.94	37.17	280.57
Unlevered Free Cash Flow	-23.51	79.08	52.5	19.15	78.86	330.76
Free Cash Flow After Leases	155.66	20.33	297.65	-16.3	14.9	269.11

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	21.1	21.1	20.92	31.82	19.18	28.13
Change in Working Capital	43.37	-85.11	192.2	45.46	-82.28	283.35

Data Source: S&P Global Market Intelligence Last updated: Aug 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 5, 2026

Data Sources Report a data error