Taiwan Navigation 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	1,326	1,283	1,663	2,015	1,320
Depreciation & Amortization	926.08	939.54	867.41	781.81	622.44
Other Amortization	2.87	2.62	-	-	-
Loss (Gain) From Sale of Assets	-	-20.38	-265.45	-217.07	-367.4
Loss (Gain) on Equity Investments	-7.4	-5.14	-12.17	-10.97	-4.85
Provision & Write-off of Bad Debts	10.71	-4.85	6.61	1.2	-3.16
Other Operating Activities	127.55	20.36	-233.58	-561.32	-47.27
Change in Accounts Receivable	-6.64	9.72	3.48	-2.33	17.38
Change in Accounts Payable	-39.43	82.36	-59.29	83.45	45.54
Change in Other Net Operating Assets	1.76	103.48	94.09	302.76	294.35
Operating Cash Flow	2,341	2,411	2,064	2,393	1,877
Operating Cash Flow Growth	-2.89%	16.81%	-13.73%	27.46%	111.81%
Capital Expenditures	-580.54	-3,482	-2,138	-3,319	-4,659
Sale of Property, Plant & Equipment	-	1,166	419.97	327.79	301.67
Sale (Purchase) of Intangibles	-17.33	-0.09	-	-	-
Sale (Purchase) of Real Estate	-	-12.53	-	121.13	90.64
Investment in Securities	334.12	145.13	616.11	552.79	190.33
Other Investing Activities	324.19	119.96	807.44	771.69	1,045
Investing Cash Flow	60.45	-2,064	-294.26	-1,545	-3,031
Short-Term Debt Issued	-	544.12	416.5	-	21.61
Long-Term Debt Issued	571.42	3,241	868.64	1,981	3,078
Total Debt Issued	571.42	3,785	1,285	1,981	3,099
Short-Term Debt Repaid	-173.79	-	-	-725	-
Long-Term Debt Repaid	-1,281	-2,873	-2,047	-1,051	-1,513
Total Debt Repaid	-1,455	-2,873	-2,047	-1,776	-1,513
Net Debt Issued (Repaid)	-883.18	911.88	-762.17	204.08	1,586
Common Dividends Paid	-625.94	-667.67	-918.05	-834.59	-375.57
Other Financing Activities	-312.68	-380.45	-357.7	-153.74	-46.4
Financing Cash Flow	-1,822	-136.23	-2,038	-784.25	1,164
Foreign Exchange Rate Adjustments	-4.52	37.69	0.88	29.64	-4.65
Net Cash Flow	575.28	248.21	-267.29	92.7	5.64
Free Cash Flow	1,761	-1,071	-73.77	-926.1	-2,782
Free Cash Flow Margin	40.95%	-24.35%	-1.85%	-23.91%	-86.22%
Free Cash Flow Per Share	4.21	-2.56	-0.18	-2.21	-6.66
Cash Interest Paid	313.69	380.57	358.05	153.79	40.09
Cash Income Tax Paid	162.49	424.39	129.65	81.44	114.24
Levered Free Cash Flow	1,228	-1,782	-731.91	-1,279	-3,301
Unlevered Free Cash Flow	1,422	-1,545	-506.38	-1,175	-3,276
Change in Working Capital	-44.31	195.56	38.29	383.88	357.26

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