Tigerair Taiwan 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	2,467	2,772	1,827	-2,850	-2,269
Depreciation & Amortization	2,082	1,803	1,740	1,715	1,457
Other Amortization	-	6.2	9.89	13.49	9.88
Loss (Gain) From Sale of Assets	4.06	3	1.72	2.28	2.2
Stock-Based Compensation	-	61.21	29.28	-	0.67
Provision & Write-off of Bad Debts	0.06	0.03	-	-0.01	0.16
Other Operating Activities	1,297	1,393	700.02	-25.63	-596.23
Change in Accounts Receivable	-60.81	-4.23	-79.6	-129.85	11.12
Change in Inventory	-0.55	0	0	0.06	0.65
Change in Accounts Payable	348.93	131.95	431.25	222.55	13.68
Change in Unearned Revenue	870.65	392.44	1,231	1,540	6.88
Change in Other Net Operating Assets	-127.33	482.41	137.36	172.88	-41.27
Operating Cash Flow	6,882	7,040	6,028	660.37	-1,405
Operating Cash Flow Growth	-2.25%	16.80%	812.76%	-	-
Capital Expenditures	-2,679	-251.84	-468.22	-21.32	-221.36
Sale (Purchase) of Intangibles	-27.22	-1.39	-16.78	-68.22	-98.01
Investment in Securities	-	-	-	0.55	-0.55
Other Investing Activities	-17.54	150.82	188.23	-6.21	-188.86
Investing Cash Flow	-2,724	-102.42	-296.77	-95.2	-508.78
Short-Term Debt Issued	-	100	300	650	1,000
Long-Term Debt Issued	-	-	-	500	200
Total Debt Issued	-	100	300	1,150	1,200
Short-Term Debt Repaid	-	-100	-1,100	-750	-1,000
Long-Term Debt Repaid	-1,881	-1,694	-3,818	-1,524	-1,306
Total Debt Repaid	-1,881	-1,794	-4,918	-2,274	-2,306
Net Debt Issued (Repaid)	-1,881	-1,694	-4,618	-1,124	-1,106
Issuance of Common Stock	-	578.47	1,451	-	3,000
Common Dividends Paid	-2,780	-	-	-	-
Other Financing Activities	1.33	8.4	21.74	-1.79	-1.2
Financing Cash Flow	-4,660	-1,107	-3,146	-1,126	1,893
Foreign Exchange Rate Adjustments	-229.6	308.86	-54.2	85.35	148.07
Net Cash Flow	-732.26	6,139	2,531	-475.32	127.47
Free Cash Flow	4,202	6,788	5,559	639.05	-1,626
Free Cash Flow Growth	-38.10%	22.11%	769.94%	-	-
Free Cash Flow Margin	24.87%	41.34%	44.59%	48.60%	-665.77%
Free Cash Flow Per Share	9.13	15.06	12.97	1.60	-5.15
Cash Interest Paid	-	297.57	243.66	240.24	203.27
Cash Income Tax Paid	-	27.94	42.65	56.51	58.7
Levered Free Cash Flow	3,116	4,860	4,435	1,471	-463.14
Unlevered Free Cash Flow	3,323	5,046	4,587	1,621	-336.1
Change in Working Capital	1,031	1,003	1,720	1,805	-8.94

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