104 Corporation 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	488.05	469.36	451.56	445.26	370.44
Depreciation & Amortization	92.65	89.18	76.07	68.6	67.07
Other Amortization	12.06	11.18	1.27	0.66	1.12
Loss (Gain) From Sale of Assets	0.02	2.63	0.05	0.02	0.4
Loss (Gain) From Sale of Investments	1.15	10.28	-	1.24	-
Loss (Gain) on Equity Investments	-	12.36	5.77	-	-
Provision & Write-off of Bad Debts	2.05	1.14	1.74	1.26	1.88
Other Operating Activities	4.25	2.14	-0.53	6.91	-6.1
Change in Accounts Receivable	-10.32	-7.51	10.79	-7.23	-24.99
Change in Accounts Payable	0.26	8.96	-2.26	1.75	3.91
Change in Unearned Revenue	136.84	148.08	130.56	152.91	81.96
Change in Other Net Operating Assets	97.82	34.04	-12.51	97.38	107.19
Operating Cash Flow	824.83	781.85	662.51	768.76	602.88
Operating Cash Flow Growth	5.50%	18.01%	-13.82%	27.51%	46.14%
Capital Expenditures	-51.63	-59.19	-69.48	-35.16	-27.3
Sale of Property, Plant & Equipment	-	-	-	0.03	-
Sale (Purchase) of Intangibles	-0.26	-28.85	-13.62	-	-
Investment in Securities	-987.71	-289.23	-73.19	-1,522	-
Other Investing Activities	-22.57	9.24	-12.47	-2.31	1.24
Investing Cash Flow	-1,062	-368.02	-168.76	-1,559	-26.06
Long-Term Debt Repaid	-42.43	-41.24	-36.01	-34.51	-32.98
Net Debt Issued (Repaid)	-42.43	-41.24	-36.01	-34.51	-32.98
Common Dividends Paid	-469.36	-451.56	-445.26	-370.44	-258.89
Financing Cash Flow	-511.78	-492.8	-481.27	-404.94	-291.87
Foreign Exchange Rate Adjustments	0.21	1.55	-0.8	0.2	-0.41
Net Cash Flow	-748.92	-77.42	11.69	-1,195	284.55
Free Cash Flow	773.2	722.65	593.04	733.6	575.58
Free Cash Flow Growth	6.99%	21.86%	-19.16%	27.45%	48.61%
Free Cash Flow Margin	28.91%	28.92%	25.46%	33.66%	31.10%
Free Cash Flow Per Share	23.10	21.60	17.72	21.93	17.22
Cash Interest Paid	2.33	2.76	1.53	0.87	0.97
Cash Income Tax Paid	105.27	91.99	97.66	69.7	42.72
Levered Free Cash Flow	614.44	533.92	466.76	604.33	469.21
Unlevered Free Cash Flow	615.9	535.64	467.71	604.88	469.82
Change in Working Capital	224.6	183.58	126.58	244.81	168.08

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