HOYA Resort Hotel Group 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	-131.35	-98.09	-19.9	11.84	-34.04
Depreciation & Amortization	126.65	91.42	111.88	119.63	134.83
Loss (Gain) From Sale of Assets	-1.07	0.15	1.39	0.77	0.04
Loss (Gain) on Equity Investments	4.72	6.8	5.73	3.4	2.84
Stock-Based Compensation	-	2.53	-	-	-
Other Operating Activities	1.5	-53.04	-12.17	-2.92	3.02
Change in Accounts Receivable	6.28	-3.1	4.29	-1.51	4.93
Change in Inventory	-0.28	-0.28	1.52	-0.9	0.1
Change in Accounts Payable	-1.48	4.1	-5.2	0.44	0.34
Change in Unearned Revenue	3.69	22.03	-21.55	-0.8	4.42
Change in Other Net Operating Assets	18.37	-28.07	-31.1	-2.47	-8.28
Operating Cash Flow	27.02	-55.56	34.89	127.49	108.19
Operating Cash Flow Growth	-	-	-72.64%	17.84%	-49.14%
Capital Expenditures	-75.13	-346.1	-96.7	-13.56	-9.08
Sale of Property, Plant & Equipment	1.53	0.02	1.95	9.74	1.53
Sale (Purchase) of Intangibles	-1.63	-0.58	-0.08	-0.34	-0.14
Investment in Securities	-20.65	5.95	-27.98	13.16	-0.79
Other Investing Activities	-1.61	27.96	-78.38	-8.69	2.77
Investing Cash Flow	-97.49	-312.75	-201.18	0.31	-5.7
Short-Term Debt Issued	-	-	40	-	-
Long-Term Debt Issued	37.17	169.33	68.27	-	-
Total Debt Issued	37.17	169.33	108.27	-	-
Short-Term Debt Repaid	-40	-	-	-	-
Long-Term Debt Repaid	-147.5	-101.67	-99.51	-90.15	-88.23
Total Debt Repaid	-187.5	-101.67	-99.51	-90.15	-88.23
Net Debt Issued (Repaid)	-150.32	67.66	8.76	-90.15	-88.23
Issuance of Common Stock	296	200	-	-	-
Common Dividends Paid	-	-	-	-	-9.8
Other Financing Activities	6.27	0	58.52	22.5	-0.1
Financing Cash Flow	151.95	267.66	67.28	-67.65	-98.13
Foreign Exchange Rate Adjustments	-0.07	0.1	-	0.15	-0.04
Net Cash Flow	81.41	-100.54	-99.02	60.29	4.32
Free Cash Flow	-48.12	-401.66	-61.81	113.93	99.11
Free Cash Flow Growth	-	-	-	14.95%	-51.53%
Free Cash Flow Margin	-9.18%	-104.27%	-11.68%	19.24%	20.09%
Free Cash Flow Per Share	-0.67	-7.27	-1.24	2.28	1.98
Cash Interest Paid	21.83	21.76	18.74	17.53	17.83
Cash Income Tax Paid	-0.04	0.13	5.67	5.91	8.89
Levered Free Cash Flow	-19.59	-350.74	-23.54	91.31	90.96
Unlevered Free Cash Flow	-5.93	-337.66	-11.83	102.27	102.23
Change in Working Capital	26.58	-5.33	-52.04	-5.23	1.49

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