Dong Fang Offshore 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	1,767	1,215	988.91	479.43	161.52
Depreciation & Amortization	347.02	278.54	206.43	177.87	15.02
Loss (Gain) From Sale of Assets	-23.78	-	-	0.17	-0.16
Stock-Based Compensation	27.83	111.47	-	-	-
Provision & Write-off of Bad Debts	0.63	0.46	-	-	-
Other Operating Activities	110	-1.34	118.35	57.11	32.47
Change in Accounts Receivable	-789.51	545.14	-975.47	-156.98	116.42
Change in Inventory	-1.19	-1.33	-0.31	-10.83	-
Change in Accounts Payable	802.78	-223.47	686.69	64.52	-155.41
Change in Unearned Revenue	279.09	16.89	70.11	-8.79	9.1
Change in Other Net Operating Assets	-340.48	-111.29	145.71	18.53	44.1
Operating Cash Flow	2,179	1,830	1,240	621.05	223.07
Operating Cash Flow Growth	19.08%	47.54%	99.73%	178.41%	-
Capital Expenditures	-5,861	-1,369	-297.37	-2,095	-15.96
Sale of Property, Plant & Equipment	128.42	-	-	0.76	7.5
Investment in Securities	-155.45	-22.47	-24.23	-	-
Other Investing Activities	-16.22	47.85	-42.97	-47.05	-13.39
Investing Cash Flow	-5,904	-1,344	-364.57	-2,141	-21.85
Short-Term Debt Issued	900	-	-	80	-
Long-Term Debt Issued	1,169	-	-	1,249	-
Total Debt Issued	2,069	-	-	1,329	-
Short-Term Debt Repaid	-900	-80	-	-	-
Long-Term Debt Repaid	-327.97	-351.74	-139.24	-138.15	-8.03
Total Debt Repaid	-1,228	-431.74	-139.24	-138.15	-8.03
Net Debt Issued (Repaid)	841.24	-431.74	-139.24	1,191	-8.03
Issuance of Common Stock	3,167	389.95	500.59	679.35	-
Common Dividends Paid	-313.12	-149.94	-84.97	-255.14	-21.51
Financing Cash Flow	3,695	-191.74	276.39	1,615	-29.54
Net Cash Flow	-29.86	294.41	1,152	94.9	171.68
Free Cash Flow	-3,681	460.76	943.05	-1,474	207.11
Free Cash Flow Growth	-	-51.14%	-	-	-
Free Cash Flow Margin	-35.19%	6.76%	19.11%	-55.97%	20.16%
Free Cash Flow Per Share	-22.81	2.99	6.61	-13.49	28.34
Cash Interest Paid	49.06	39.72	40.49	68.2	0.21
Cash Income Tax Paid	367.08	341.45	150.72	63.08	7.93
Levered Free Cash Flow	-4,048	116.32	738.37	-1,563	-
Unlevered Free Cash Flow	-4,016	141.01	763.68	-1,521	-
Change in Working Capital	-49.3	225.94	-73.27	-93.54	14.2

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