GFC. LTD. 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	1,154	988.56	895.12	847.89	777.92
Depreciation & Amortization	68.03	63.06	66.74	58.98	61.24
Other Amortization	-	2.98	3.74	4.07	4.54
Loss (Gain) From Sale of Assets	-0.77	-0.4	-53.83	-26.27	-25.94
Loss (Gain) From Sale of Investments	-36.8	-31.4	-14.45	4.41	-3.16
Loss (Gain) on Equity Investments	-2.32	0.95	-1.23	-1.34	-6.62
Provision & Write-off of Bad Debts	3.84	-6.83	-8.54	5.71	-4.32
Other Operating Activities	22.13	22.79	5.63	-107.16	8.19
Change in Accounts Receivable	89.88	54.56	65.99	-25.83	-57.15
Change in Inventory	-301.59	-540.59	72.73	-339.03	-193.41
Change in Accounts Payable	-53.93	35.32	11.49	23.48	24.74
Change in Unearned Revenue	399.5	504.08	-63.5	363.54	409.77
Change in Other Net Operating Assets	197.51	94.38	191.68	29.9	21.47
Operating Cash Flow	1,540	1,187	1,172	838.37	1,017
Operating Cash Flow Growth	29.67%	1.36%	39.74%	-17.59%	27.97%
Capital Expenditures	-31.94	-25.39	-37.39	-34.67	-113.24
Sale of Property, Plant & Equipment	1.93	0.4	28.34	39.03	27.86
Sale (Purchase) of Intangibles	-5.45	-	-0.49	-8.32	-0.41
Sale (Purchase) of Real Estate	-	-	42.78	-	-
Investment in Securities	-95.92	-73.21	-449.83	140.84	-40.64
Other Investing Activities	-14.59	-35.73	12.99	59.84	148.6
Investing Cash Flow	-145.96	-133.93	-403.61	196.72	22.18
Short-Term Debt Repaid	-	-	-	-	-100
Long-Term Debt Repaid	-9.32	-9.45	-11.03	-11.65	-12.78
Total Debt Repaid	-9.32	-9.45	-11.03	-11.65	-112.78
Net Debt Issued (Repaid)	-9.32	-9.45	-11.03	-11.65	-112.78
Common Dividends Paid	-796.55	-708.05	-601.84	-566.44	-531.04
Other Financing Activities	-0.34	-0.43	0.26	-0.04	-0.03
Financing Cash Flow	-806.22	-717.93	-612.62	-578.12	-643.85
Foreign Exchange Rate Adjustments	-11.42	15.48	-3.86	-70.03	-2.42
Net Cash Flow	576.2	351.08	151.47	386.94	393.18
Free Cash Flow	1,508	1,162	1,134	803.7	904.02
Free Cash Flow Growth	29.75%	2.46%	41.12%	-11.10%	17.35%
Free Cash Flow Margin	25.04%	21.18%	21.53%	16.96%	19.63%
Free Cash Flow Per Share	8.52	6.56	6.41	4.54	5.10
Cash Interest Paid	0.25	0.09	0.08	0.04	0.45
Cash Income Tax Paid	244.51	207.57	202.98	215.48	179.86
Levered Free Cash Flow	1,230	913.49	954.49	546.51	762.88
Unlevered Free Cash Flow	1,230	913.68	954.74	546.79	763.35
Change in Working Capital	331.36	147.76	278.37	52.07	205.43

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