Chunghwa Telecom 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	50,270	47,841	47,008	47,204	46,067
Depreciation & Amortization	41,161	40,525	40,511	40,270	39,216
Stock-Based Compensation	10.29	8	8	16	19
Other Adjustments	-10,791	-9,993	-9,299	-8,690	-8,460
Change in Receivables	-2,196	-3,686	-1,581	-1,850	-1,486
Changes in Inventories	-1,132	-626	-178	-23	875
Changes in Accounts Payable	-2,114	3,442	-2,187	-1,484	2,213
Changes in Unearned Revenue	4,029	2,194	584	1,990	-1,652
Changes in Other Operating Activities	-1,791	-461	-308	-1,482	-1,934
Operating Cash Flow	77,446	79,244	74,559	75,951	74,858
Operating Cash Flow Growth	-2.27%	6.28%	-1.83%	1.46%	0.54%
Capital Expenditures	-27,698	-28,756	-30,741	-31,535	-35,333
Sale of Property, Plant & Equipment	20.74	13	19	16	27
Purchases of Intangible Assets	-143.68	-234	-237	-1,893	-256
Proceeds from Sale of Intangible Assets	0.34	-	-	-	-
Purchases of Investments	-56,037	-76,170	-47,286	-6,119	-18,057
Proceeds from Sale of Investments	56,093	70,046	28,599	7,738	21,392
Proceeds from Business Divestments	-8.66	-	-	-	-
Other Investing Activities	-510.47	-231	-528	1,004	1,055
Investing Cash Flow	-28,284	-35,332	-50,174	-30,789	-31,172
Short-Term Debt Issued	3,745	700	2,590	1,292	5,154
Short-Term Debt Repaid	-3,555	-1,070	-2,727	-635	-12,156
Net Short-Term Debt Issued (Repaid)	190	-370	-137	657	-7,002
Long-Term Debt Issued	3,500	35	-	3,500	7,000
Long-Term Debt Repaid	-8,840	-	-	-4	-7
Net Long-Term Debt Issued (Repaid)	-5,340	35	-	3,496	6,993
Common Dividends Paid	-38,787	-36,910	-36,476	-35,746	-33,404
Other Financing Activities	-4,520	-4,271	-4,117	-3,207	-901
Financing Cash Flow	-48,457	-41,516	-40,730	-34,800	-34,314
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-20.26	40	-24	52	-13
Net Cash Flow	684.52	2,436	-16,369	10,414	9,359
Free Cash Flow	49,748	50,488	43,818	44,416	39,525
Free Cash Flow Growth	-1.47%	15.22%	-1.35%	12.37%	-22.42%
FCF Margin	25.16%	21.95%	19.63%	20.49%	18.78%
Free Cash Flow Per Share	63.98	64.94	56.43	57.20	50.90
Levered Free Cash Flow	54,719	54,491	45,605	49,758	40,423
Unlevered Free Cash Flow	56,251	53,949	45,726	45,226	39,814

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.