Chunghwa Telecom Cash Flow Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	39,023	38,712	37,220	36,917	36,358	35,616
Depreciation & Amortization	40,159	39,965	39,340	39,379	39,119	38,060
Other Amortization	1,188	1,196	1,184	1,132	1,151	1,156
Loss (Gain) From Sale of Assets	27.37	12.99	17.35	0.57	5	3
Asset Writedown & Restructuring Costs	83.87	83.87	-139.2	634.79	-98	366
Loss (Gain) From Sale of Investments	-615.51	-647.42	147.03	98.46	220	-247
Loss (Gain) on Equity Investments	-8.12	-63.93	-154.19	-243.37	-442	-421
Stock-Based Compensation	9.07	10.29	7.7	8.35	16	19
Provision & Write-off of Bad Debts	221.99	209.45	188.06	152.07	117	143
Other Operating Activities	1,345	1,171	570.48	150.97	2,354	2,147
Change in Accounts Receivable	-7,662	-2,175	-3,572	-1,579	-1,816	-1,675
Change in Inventory	-3,003	-1,132	-626.73	-177.32	-23	875
Change in Accounts Payable	3,153	-1,810	3,347	-2,033	-1,631	2,468
Change in Unearned Revenue	5,304	4,029	2,193	584.23	1,990	-1,652
Change in Other Net Operating Assets	-3,628	-2,115	-479.08	-464.98	-1,369	-2,000
Operating Cash Flow	75,598	77,446	79,244	74,560	75,951	74,858
Operating Cash Flow Growth	-3.16%	-2.27%	6.28%	-1.83%	1.46%	0.54%
Capital Expenditures	-26,840	-27,698	-28,756	-30,741	-31,535	-35,333
Sale of Property, Plant & Equipment	24.43	20.74	13	19.4	16	27
Cash Acquisitions	-	-8.66	-	-	-	-
Sale (Purchase) of Intangibles	-189.94	-143.33	-234.14	-237.21	-1,893	-256
Sale (Purchase) of Real Estate	-71.91	-73.97	-4.33	-54.08	-18	-1
Investment in Securities	3,417	129.88	-6,120	-18,633	1,637	3,336
Other Investing Activities	-9.81	-510.47	-231.11	-528.21	1,004	1,055
Investing Cash Flow	-23,670	-28,284	-35,332	-50,174	-30,789	-31,172
Short-Term Debt Issued	-	3,745	700	2,590	1,292	5,154
Long-Term Debt Issued	-	3,500	35	-	3,500	7,000
Total Debt Issued	9,959	7,245	735	2,590	4,792	12,154
Short-Term Debt Repaid	-	-3,555	-1,070	-2,727	-635	-12,156
Long-Term Debt Repaid	-	-12,970	-3,944	-3,884	-3,777	-3,729
Total Debt Repaid	-16,809	-16,525	-5,014	-6,611	-4,412	-15,885
Net Debt Issued (Repaid)	-6,851	-9,280	-4,279	-4,021	380	-3,731
Common Dividends Paid	-38,787	-38,787	-36,910	-36,476	-35,746	-33,404
Other Financing Activities	-85.69	-390.19	-326.6	-233.41	566	2,821
Financing Cash Flow	-45,724	-48,457	-41,516	-40,730	-34,800	-34,314
Foreign Exchange Rate Adjustments	-21.17	-20.26	39.63	-24.45	52	-13
Net Cash Flow	6,183	684.52	2,436	-16,369	10,414	9,359
Free Cash Flow	48,758	49,748	50,489	43,818	44,416	39,525
Free Cash Flow Growth	-0.39%	-1.47%	15.22%	-1.34%	12.37%	-22.42%
Free Cash Flow Margin	20.29%	21.07%	21.95%	19.63%	20.49%	18.78%
Free Cash Flow Per Share	6.27	6.40	6.49	5.64	5.72	5.09
Cash Interest Paid	364.49	363.51	333.46	313.68	239	192
Cash Income Tax Paid	9,126	9,223	8,939	9,107	8,397	8,155
Levered Free Cash Flow	42,714	44,164	43,572	34,088	36,514	32,490
Unlevered Free Cash Flow	42,954	44,396	43,784	34,287	36,678	32,626
Change in Working Capital	-5,836	-3,204	862.18	-3,670	-2,849	-1,984

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