Bausen 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	66.43	65.59	106.59	146.69	154.3
Depreciation & Amortization	145.39	164.06	137.82	91.26	63.34
Other Amortization	-	-	-	0.02	0.02
Loss (Gain) From Sale of Assets	-0.86	-	0.91	-0.08	0.01
Stock-Based Compensation	-	-	1.79	0.39	0.15
Provision & Write-off of Bad Debts	1.14	3.15	-0.67	-4.29	14.91
Other Operating Activities	33.51	-13.4	9.27	-6.8	11.93
Change in Accounts Receivable	-9.41	-31.72	-20.56	-2.11	-60.74
Change in Inventory	-81.92	-333.05	-26.61	-240.48	-228.98
Change in Accounts Payable	21.42	15.69	-74.86	51.62	15.28
Change in Unearned Revenue	0.87	8.38	2.2	-5.49	10.97
Change in Other Net Operating Assets	-0.81	-18.04	-52	-6.58	-10.2
Operating Cash Flow	175.78	-139.34	83.9	24.15	-29.01
Operating Cash Flow Growth	-	-	247.33%	-	-
Capital Expenditures	-2.49	-10.21	-19.44	-12.95	-14.51
Sale of Property, Plant & Equipment	0.86	-	0.87	0.57	0.06
Other Investing Activities	3.9	-22	-20.18	-38.28	-42.52
Investing Cash Flow	2.27	-32.21	-38.74	-50.66	-56.97
Short-Term Debt Issued	23.19	131.28	45.88	118.21	114.27
Long-Term Debt Issued	20	-	20	10	-
Total Debt Issued	43.19	131.28	65.88	128.21	114.27
Long-Term Debt Repaid	-152.84	-171.69	-125.11	-96.84	-64.49
Total Debt Repaid	-152.84	-171.69	-125.11	-96.84	-64.49
Net Debt Issued (Repaid)	-109.65	-40.41	-59.23	31.37	49.78
Issuance of Common Stock	-	-	245.7	102	81.6
Common Dividends Paid	-54.6	-72.8	-74.43	-66.6	-38.2
Financing Cash Flow	-164.25	-113.21	112.05	66.77	93.18
Foreign Exchange Rate Adjustments	-47.08	77.33	-2.5	38.51	-9.17
Net Cash Flow	-33.28	-207.43	154.7	78.77	-1.97
Free Cash Flow	173.29	-149.55	64.46	11.21	-43.52
Free Cash Flow Growth	-	-	475.16%	-	-
Free Cash Flow Margin	8.09%	-7.12%	2.95%	0.49%	-2.18%
Free Cash Flow Per Share	5.57	-4.81	2.32	0.43	-1.76
Cash Interest Paid	26.26	23.02	18.91	9.07	3.99
Cash Income Tax Paid	5.93	56.22	40.63	61.45	39.46
Levered Free Cash Flow	130.12	-219.63	41.2	-69.21	-106.47
Unlevered Free Cash Flow	154.12	-196.03	61.06	-58.74	-99.24
Change in Working Capital	-69.83	-358.74	-171.82	-203.03	-273.66

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.