Solid State System 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	-172.07	-181.15	-220.02	-156.56	1.16
Depreciation & Amortization	31.94	26.11	36.3	40.95	41.43
Other Amortization	-	6.22	7.35	8.7	9.61
Loss (Gain) From Sale of Assets	-	-2.88	-0.29	-1.68	-3.19
Asset Writedown & Restructuring Costs	-	-	14.66	12.82	-
Stock-Based Compensation	-	0.49	-	-	4.81
Provision & Write-off of Bad Debts	-0	-0.01	0	-0.04	0.02
Other Operating Activities	-4.82	17.45	55	60.25	-1.22
Change in Accounts Receivable	8.41	0.94	28.17	26.22	-17.38
Change in Inventory	17.14	66.31	65.77	-85.95	-142.3
Change in Accounts Payable	33.4	6.7	-0.65	-23.86	-25.44
Change in Other Net Operating Assets	7.64	-5.63	-5.02	-28	0.96
Operating Cash Flow	-78.37	-65.46	-18.73	-147.14	-131.56
Capital Expenditures	-74.48	-11.55	-6.19	-9.44	-19.11
Sale of Property, Plant & Equipment	-	2.88	0.29	2.12	10.27
Divestitures	-	-	2.11	-	-
Sale (Purchase) of Intangibles	-12.31	-6.24	-5.92	-6.96	-9.19
Investment in Securities	-200	-	-	-	-
Other Investing Activities	0.75	-0.04	-0.03	0.32	1.17
Investing Cash Flow	-286.05	-14.95	-9.75	-13.96	-16.85
Short-Term Debt Issued	82.46	81.64	184.61	141.02	333.21
Long-Term Debt Issued	43.68	35	-	-	-
Total Debt Issued	126.14	116.64	184.61	141.02	333.21
Short-Term Debt Repaid	-91.3	-81.98	-216.45	-75	-367.63
Long-Term Debt Repaid	-16.43	-15.83	-11.03	-10.74	-10.66
Total Debt Repaid	-107.72	-97.81	-227.48	-85.74	-378.29
Net Debt Issued (Repaid)	18.42	18.83	-42.87	55.28	-45.07
Issuance of Common Stock	-	350.5	148.46	-	271.32
Other Financing Activities	-0.01	0.01	-	-	-0.31
Financing Cash Flow	18.41	369.34	105.59	55.28	225.94
Net Cash Flow	-346	288.94	77.11	-105.82	77.53
Free Cash Flow	-152.85	-77.01	-24.93	-156.58	-150.66
Free Cash Flow Margin	-54.23%	-32.21%	-9.04%	-38.89%	-21.76%
Free Cash Flow Per Share	-2.10	-1.35	-0.49	-3.15	-3.44
Cash Interest Paid	2.17	1.58	1.79	0.59	1.3
Cash Income Tax Paid	0.47	0.1	0.03	0	0.16
Levered Free Cash Flow	-97.9	-18.2	37.21	-123.47	-162.47
Unlevered Free Cash Flow	-96.54	-17.2	38.32	-123.05	-161.67
Change in Working Capital	66.59	68.32	88.27	-111.59	-184.17

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