Shanyuan 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	-44.12	5.85	-1.47	-271.11	977.44
Depreciation & Amortization	31.63	31.53	31.46	31.25	31.17
Other Amortization	-	7.16	5.32	8.06	37.82
Gain (Loss) on Sale of Assets	-	-	-	-0.05	-
Gain (Loss) on Sale of Investments	6.21	0.18	-3.57	1.01	-1,540
Asset Writedown	-	-15.57	-	-	53.75
Income (Loss) on Equity Investments	-5.17	1.48	-5.61	28.64	35.38
Change in Accounts Receivable	-254.66	-269.31	5.16	-1.18	19.23
Change in Accounts Payable	-7.39	45.3	-3.44	0.09	-42.82
Change in Other Net Operating Assets	-554.32	1,022	72.81	-82.4	-3.09
Other Operating Activities	-6.39	18.86	-10.4	-12.83	86.3
Operating Cash Flow	-592.5	-122.82	134.24	-1,674	-1,891
Acquisition of Real Estate Assets	-2	-0.63	-1.62	-0.94	-49.85
Sale of Real Estate Assets	-	-	-	0.05	-
Net Sale / Acq. of Real Estate Assets	-2	-0.63	-1.62	-0.89	-49.85
Investment in Marketable & Equity Securities	-12.99	693.28	-106.42	25.66	1,511
Other Investing Activities	0.08	-	-0.05	2.93	-0.01
Investing Cash Flow	-15.64	692.5	-108.95	27.39	1,461
Short-Term Debt Issued	159.12	1,584	1,026	7,435	3,747
Long-Term Debt Issued	-	5,920	1,310	3,155	279
Total Debt Issued	159.12	7,504	2,336	10,591	4,026
Short-Term Debt Repaid	-18	-7,336	-1,193	-5,890	-180
Long-Term Debt Repaid	-775.73	-70	-1,480	-2,024	-3,139
Total Debt Repaid	-793.73	-7,406	-2,673	-7,914	-3,319
Net Debt Issued (Repaid)	-634.61	98.5	-336.5	2,676	706.62
Common Dividends Paid	-68.61	-11.57	-115.61	-286.09	-
Other Financing Activities	1.91	-1.41	-0.07	0.37	-0.05
Net Cash Flow	-1,309	655.2	-426.9	743.97	276.75
Cash Interest Paid	444.23	115.08	115.62	65.87	94.01
Cash Income Tax Paid	21.75	14.8	28.41	27.49	148.54
Levered Free Cash Flow	-676.13	432.23	56.06	-1,446	-2,552
Unlevered Free Cash Flow	-395.36	513.21	127.84	-1,398	-2,527
Change in Working Capital	-574.66	-113.76	188.88	-1,643	-1,643

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