Taiwan Steel Union 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	686.75	831.09	504.62	984.16	564.87
Depreciation & Amortization	257.16	244.02	226.72	208.07	193.19
Other Amortization	0	0.28	0.85	-	-
Loss (Gain) From Sale of Assets	15.92	3.38	12.85	4.1	5.09
Loss (Gain) on Equity Investments	1.15	-	-	-	-
Other Operating Activities	-31.12	-11.44	-10.73	51.05	-3.36
Change in Accounts Receivable	43.8	13.3	-59.3	-49.65	67.05
Change in Inventory	-30.81	6.07	-19.69	-23.79	-31.77
Change in Accounts Payable	11.66	-2.11	0.98	13.85	-0.24
Change in Other Net Operating Assets	29.7	-20.87	28.25	21.99	32.32
Operating Cash Flow	984.23	1,064	684.56	1,210	827.15
Operating Cash Flow Growth	-7.47%	55.39%	-43.41%	46.26%	23.99%
Capital Expenditures	-363.54	-1,057	-211.18	-208.59	-178.72
Sale of Property, Plant & Equipment	1.77	2.09	1.81	1.88	1.2
Sale (Purchase) of Intangibles	-14.06	-9.65	-8.38	-2.88	-2.3
Investment in Securities	15.83	126.38	213.86	-398	270.41
Other Investing Activities	1.5	0.8	6.11	-22.44	10.15
Investing Cash Flow	-358.5	-937.16	2.22	-630.03	100.74
Short-Term Debt Issued	-	80	350	-	195
Long-Term Debt Issued	-	574	-	-	-
Total Debt Issued	-	654	350	-	195
Short-Term Debt Repaid	-	-80	-545	-100	-100
Long-Term Debt Repaid	-38.27	-15.94	-	-	-970.99
Total Debt Repaid	-38.27	-95.94	-545	-100	-1,071
Net Debt Issued (Repaid)	-38.27	558.06	-195	-100	-875.99
Issuance of Common Stock	-	-	0.23	-	-
Common Dividends Paid	-667.63	-478.47	-723.26	-445.08	-333.81
Other Financing Activities	-0.38	-1.44	-2.68	9.78	0.79
Financing Cash Flow	-706.27	78.15	-920.71	-535.3	-1,209
Net Cash Flow	-80.53	204.71	-233.93	44.43	-281.12
Free Cash Flow	620.69	6.93	473.38	1,001	648.43
Free Cash Flow Growth	8852.72%	-98.53%	-52.72%	54.40%	169.98%
Free Cash Flow Margin	28.08%	0.29%	23.19%	37.96%	34.98%
Free Cash Flow Per Share	5.56	0.06	4.24	8.96	5.81
Cash Interest Paid	3.99	0.49	2.09	2.64	4.5
Cash Income Tax Paid	209.4	195.33	151.42	190.87	168.45
Levered Free Cash Flow	453.76	-212.39	356.36	757.52	531.46
Unlevered Free Cash Flow	456.23	-212.18	357.62	759.19	533.95
Change in Working Capital	54.36	-3.6	-49.76	-37.61	67.37

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