Test Research 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	2,479	1,837	1,001	1,921	1,185
Depreciation & Amortization	197.05	187.9	143.48	140.75	137.74
Loss (Gain) From Sale of Assets	-31.16	-15.56	-13.68	-7.7	-4.24
Loss (Gain) on Equity Investments	17.04	13.04	-	-	-
Provision & Write-off of Bad Debts	5.53	6.5	-6.35	5.93	-2.53
Other Operating Activities	61.12	-72.12	-19.61	196.08	82.42
Change in Accounts Receivable	-1,099	-854.44	701.86	-630.29	-484.27
Change in Inventory	-496.06	-246.45	153.84	225.04	-875.06
Change in Accounts Payable	436.37	167.05	25.98	-433.42	421.81
Change in Unearned Revenue	-1.19	15.16	5.29	-21.01	52.28
Change in Other Net Operating Assets	158.92	121.9	-114.24	70.35	78.23
Operating Cash Flow	1,727	1,160	1,878	1,467	591.41
Operating Cash Flow Growth	48.97%	-38.25%	27.99%	148.09%	-47.21%
Capital Expenditures	-286.63	-371.1	-856.1	-667.54	-138.51
Sale of Property, Plant & Equipment	44.36	23.12	22.2	16.34	11.82
Sale (Purchase) of Intangibles	-13.68	-17.87	-20.7	-12.39	-16.62
Investment in Securities	158.5	-3.86	-205.19	-88.3	34.63
Other Investing Activities	0.51	-0.22	1.5	-2.6	0.22
Investing Cash Flow	-96.94	-369.93	-1,058	-754.49	-108.46
Long-Term Debt Repaid	-31.31	-34.13	-34.93	-34.38	-27.14
Net Debt Issued (Repaid)	-31.31	-34.13	-34.93	-34.38	-27.14
Common Dividends Paid	-1,181	-779.51	-1,063	-779.51	-779.51
Financing Cash Flow	-1,212	-813.65	-1,098	-813.9	-806.65
Foreign Exchange Rate Adjustments	0.88	37.64	-10.39	23.45	-10.83
Net Cash Flow	418.99	13.67	-288.74	-77.72	-334.53
Free Cash Flow	1,441	788.51	1,022	799.67	452.91
Free Cash Flow Growth	82.73%	-22.83%	27.77%	76.56%	-58.24%
Free Cash Flow Margin	17.02%	12.41%	23.04%	11.92%	8.08%
Free Cash Flow Per Share	6.09	3.33	4.32	3.38	1.91
Cash Interest Paid	2.47	2.83	2.75	2.33	1.55
Cash Income Tax Paid	464.22	409.54	269.29	335.55	289.23
Levered Free Cash Flow	881.2	229.51	787.75	440.76	252.45
Unlevered Free Cash Flow	882.74	231.28	789.46	442.22	253.42
Change in Working Capital	-1,001	-796.78	772.74	-789.33	-807.02

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