Dong Fang Offshore Cash Flow Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,698	1,229	988.91	479.43	161.52
Depreciation & Amortization	326.96	278.54	206.43	177.87	15.02
Loss (Gain) From Sale of Assets	-	-	-	0.17	-0.16
Stock-Based Compensation	30.04	111.47	-	-	-
Provision & Write-off of Bad Debts	0.44	0.46	-	-	-
Other Operating Activities	-8.03	6.73	118.35	57.11	32.47
Change in Accounts Receivable	-649.2	473.4	-975.47	-156.98	116.42
Change in Inventory	-0.2	-1.33	-0.31	-10.83	-
Change in Accounts Payable	1,242	-173.9	686.69	64.52	-155.41
Change in Unearned Revenue	538.48	16.89	70.11	-8.79	9.1
Change in Other Net Operating Assets	-177.12	-111.03	145.71	18.53	44.1
Operating Cash Flow	3,001	1,830	1,240	621.05	223.07
Operating Cash Flow Growth	53.94%	47.54%	99.73%	178.41%	-
Capital Expenditures	-3,120	-1,369	-297.37	-2,095	-15.96
Sale of Property, Plant & Equipment	-	-	-	0.76	7.5
Investment in Securities	-169.83	-22.47	-24.23	-	-
Other Investing Activities	-12.97	47.85	-42.97	-47.05	-13.39
Investing Cash Flow	-3,303	-1,344	-364.57	-2,141	-21.85
Short-Term Debt Issued	-	-	-	80	-
Long-Term Debt Issued	-	-	-	1,249	-
Total Debt Issued	1,769	-	-	1,329	-
Short-Term Debt Repaid	-	-80	-	-	-
Long-Term Debt Repaid	-	-351.74	-139.24	-138.15	-8.03
Total Debt Repaid	-964.91	-431.74	-139.24	-138.15	-8.03
Net Debt Issued (Repaid)	804.29	-431.74	-139.24	1,191	-8.03
Issuance of Common Stock	0.09	389.95	500.59	679.35	-
Common Dividends Paid	-	-149.94	-84.97	-255.14	-21.51
Financing Cash Flow	863.63	-191.74	276.39	1,615	-29.54
Net Cash Flow	561.49	294.41	1,152	94.9	171.68
Free Cash Flow	-119.34	460.76	943.05	-1,474	207.11
Free Cash Flow Growth	-	-51.14%	-	-	-
Free Cash Flow Margin	-1.20%	6.69%	19.11%	-55.97%	20.16%
Free Cash Flow Per Share	-0.75	2.99	6.61	-13.49	28.34
Cash Interest Paid	47.37	39.72	40.49	68.2	0.21
Cash Income Tax Paid	488.99	341.45	150.72	63.08	7.93
Levered Free Cash Flow	-	134.58	738.37	-1,563	-
Unlevered Free Cash Flow	-	159.27	763.68	-1,521	-
Change in Working Capital	953.92	204.03	-73.27	-93.54	14.2

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