Kunyue Development Cash Flow Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	596.73	321.74	358.23	-104.31	83.47	484.99
Depreciation & Amortization	18.48	15.95	14.59	13.91	12.28	9.23
Other Operating Activities	46.85	-54.43	99.79	-24.41	-22.24	-88
Change in Accounts Receivable	1.96	1.45	2.95	-3.97	0.17	5.5
Change in Inventory	-2,436	-3,306	-301.82	-1,191	-1,275	-1,091
Change in Accounts Payable	88.68	245.55	-4.76	63.1	64.13	6.5
Change in Unearned Revenue	-85.48	797.06	34.62	552.32	287.25	239.49
Change in Other Net Operating Assets	65.21	-194.28	1.31	-99.95	-150.87	39.34
Operating Cash Flow	-1,703	-2,173	204.91	-794.52	-1,001	-393.73
Capital Expenditures	-4.74	-5.57	-0.57	-0.14	-0.53	-0.43
Other Investing Activities	163.36	-462.19	-144.14	-193.03	-229.11	-243.46
Investing Cash Flow	158.62	-467.76	-144.71	-193.17	-229.64	-243.89
Short-Term Debt Issued	-	2,561	21.9	703.53	1,115	864.97
Long-Term Debt Issued	-	-	-	998.8	-	-
Total Debt Issued	1,873	2,561	21.9	1,702	1,115	864.97
Short-Term Debt Repaid	-	-	-	-	-	-457
Long-Term Debt Repaid	-	-13.97	-14.22	-12.7	-10.08	-7.77
Total Debt Repaid	-17.09	-13.97	-14.22	-12.7	-10.08	-464.77
Net Debt Issued (Repaid)	1,856	2,547	7.69	1,690	1,105	400.2
Common Dividends Paid	-77.96	-202.7	-77.96	-74.84	-202.7	-111.38
Other Financing Activities	-0.53	0.5	0.91	-0.01	0.04	-0.41
Financing Cash Flow	1,778	2,345	-69.36	1,615	902.34	288.41
Net Cash Flow	233.24	-295.96	-9.17	627.09	-328	-349.21
Free Cash Flow	-1,708	-2,178	204.34	-794.66	-1,001	-394.16
Free Cash Flow Margin	-44.96%	-89.45%	6.06%	-200.19%	-51.75%	-14.41%
Free Cash Flow Per Share	-9.96	-12.70	1.19	-4.63	-5.84	-2.30
Cash Interest Paid	2.13	-	5.05	-	0.42	86.66
Cash Income Tax Paid	130.8	168.62	8.38	26.6	59.28	78.79
Levered Free Cash Flow	-1,689	-2,706	-19.03	-752.01	-1,250	-777.19
Unlevered Free Cash Flow	-1,687	-2,705	-15.07	-748.67	-1,249	-776.99
Change in Working Capital	-2,365	-2,456	-267.7	-679.71	-1,074	-799.94

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