Crowell Development 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	1,533	1,299	241.6	238.39	490.15
Depreciation & Amortization	5.69	4.9	5.85	4.56	5.37
Loss (Gain) From Sale of Assets	-	-0.02	-1.94	0	0.01
Loss (Gain) From Sale of Investments	2.99	-0.22	-0.08	-	0.58
Other Operating Activities	-165.09	267.24	10.62	-17.35	71.9
Change in Accounts Receivable	958.1	-992.73	2.2	314.14	-315.47
Change in Inventory	4,387	-3,585	-2,685	-3,101	-3,736
Change in Accounts Payable	-525.59	-14.49	172.22	897.96	48.84
Change in Unearned Revenue	-1,714	1,252	86.4	491.22	-11.8
Change in Other Net Operating Assets	287.37	-100.33	363.17	-4.46	132.79
Operating Cash Flow	4,769	-1,870	-1,805	-1,176	-3,314
Capital Expenditures	-345.39	-25.76	-26.29	-0.23	-0.65
Sale of Property, Plant & Equipment	-	0.09	-	-	0.32
Sale (Purchase) of Intangibles	-0.13	-2.02	-0.53	-0.98	-1.53
Sale (Purchase) of Real Estate	-	-	2.09	-	-
Other Investing Activities	-14.77	-270.2	1.67	3.99	6.8
Investing Cash Flow	-360.28	-297.89	-23.07	2.78	4.94
Short-Term Debt Issued	284.18	1,999	254	-	483
Long-Term Debt Issued	3,112	3,661	2,107	1,403	4,546
Total Debt Issued	3,396	5,660	2,361	1,403	5,029
Short-Term Debt Repaid	-958.05	-	-	-199	-
Long-Term Debt Repaid	-6,431	-1,781	-552.79	-904.67	-1,404
Total Debt Repaid	-7,389	-1,781	-552.79	-1,104	-1,404
Net Debt Issued (Repaid)	-3,993	3,878	1,808	299.37	3,626
Issuance of Common Stock	-	-	0.35	870	-
Common Dividends Paid	-826.72	-192.49	-190	-177.65	-
Other Financing Activities	0.34	22.68	0.32	-	-
Financing Cash Flow	-4,820	3,708	1,619	991.72	3,626
Net Cash Flow	-411.31	1,540	-209.4	-181.81	316.82
Free Cash Flow	4,423	-1,896	-1,831	-1,177	-3,314
Free Cash Flow Margin	36.03%	-35.57%	-99.00%	-68.05%	-103.77%
Free Cash Flow Per Share	10.04	-4.36	-4.22	-2.77	-8.75
Cash Interest Paid	37.98	2.15	4.35	8.16	0.72
Cash Income Tax Paid	530.15	102.32	58.82	74.26	2.15
Levered Free Cash Flow	4,012	-2,161	-2,113	-997.32	-3,452
Unlevered Free Cash Flow	4,059	-2,158	-2,108	-992.4	-3,450
Change in Working Capital	3,392	-3,441	-2,061	-1,402	-3,882

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