DrayTek 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	57.61	271.63	122.97	175.83	160.95
Depreciation & Amortization	8.73	7.32	6.01	6.81	7.38
Loss (Gain) From Sale of Assets	-	-0.73	0.01	0.01	-
Asset Writedown & Restructuring Costs	-	-	4.97	-	-
Loss (Gain) From Sale of Investments	-0.73	-0.7	-0.59	-0.26	-6.23
Stock-Based Compensation	16.1	12.42	9.16	7.66	8.17
Provision & Write-off of Bad Debts	-12.26	13.46	6.02	0.29	0.43
Other Operating Activities	-38.94	0.94	-23.97	-3.31	2.62
Change in Accounts Receivable	44.39	-43.32	-12.75	75.4	-54.75
Change in Inventory	13.82	85.75	29.82	-58.57	-130.18
Change in Accounts Payable	-17.99	-5.66	9.58	-35.47	21.67
Change in Unearned Revenue	-0.38	0.19	0.99	-0.47	-
Change in Other Net Operating Assets	-43.2	36.85	-26.36	15.75	8.27
Operating Cash Flow	27.16	378.15	125.87	183.67	18.34
Operating Cash Flow Growth	-92.82%	200.43%	-31.47%	901.36%	-87.89%
Capital Expenditures	-6.37	-14.34	-3.93	-0.61	-3.35
Sale of Property, Plant & Equipment	-	0.73	-	-	-
Sale (Purchase) of Intangibles	-0.03	-0.02	-	-0.04	-
Investment in Securities	72.28	-70.41	-101.71	-56.25	110.82
Other Investing Activities	0.25	-	-	-	-
Investing Cash Flow	66.13	-84.05	-105.64	-56.9	107.47
Issuance of Common Stock	30.74	60.5	37.57	73.88	31.13
Common Dividends Paid	-244.46	-157.1	-154.09	-150.9	-130.03
Other Financing Activities	-0.08	-	-	-	0.01
Financing Cash Flow	-213.8	-96.59	-116.53	-77.02	-98.89
Foreign Exchange Rate Adjustments	-	-	-	-	-0.13
Net Cash Flow	-120.51	197.51	-96.3	49.76	26.8
Free Cash Flow	20.79	363.81	121.94	183.06	14.99
Free Cash Flow Growth	-94.29%	198.35%	-33.39%	1121.40%	-90.02%
Free Cash Flow Margin	2.75%	30.87%	15.73%	20.36%	1.61%
Free Cash Flow Per Share	0.21	3.71	1.29	1.99	0.17
Cash Income Tax Paid	53.82	35.82	28.48	4.96	16.94
Levered Free Cash Flow	66.02	235.31	48.98	123.14	-41.62
Unlevered Free Cash Flow	66.02	235.31	48.98	123.14	-41.62
Change in Working Capital	-3.36	73.81	1.28	-3.35	-154.98

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