Horng Tong Enterprise 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	Jun '25 Jun 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	-92.16	-76.02	-55.5	-56.92	-76.77	3.32
Depreciation & Amortization	53.27	59.95	56.84	49.85	58.7	45.81
Other Amortization	0.24	0.41	0.56	0.52	0.66	0.51
Loss (Gain) From Sale of Assets	11.59	10.5	0.81	0.95	0	0.05
Asset Writedown & Restructuring Costs	14.5	14.5	-	-	-	-
Stock-Based Compensation	-	-	-	-	-	0
Provision & Write-off of Bad Debts	2.14	0.72	-11.96	1.67	10.16	2.15
Other Operating Activities	0.71	-2.32	3.82	0.78	2.37	2.53
Change in Accounts Receivable	-26.56	-8.53	-25.48	48.07	64.48	-25.65
Change in Inventory	19.46	64.01	-1.7	1.63	28.68	-25.64
Change in Accounts Payable	-5.59	-32.42	1.45	-13.92	-50.69	63.71
Change in Unearned Revenue	-0.28	0.42	-4.84	4.83	-0.08	-1.29
Change in Other Net Operating Assets	2.56	-13.23	-8.69	-1.65	-20.12	23.92
Operating Cash Flow	-20.11	17.99	-44.69	35.81	17.39	89.42
Operating Cash Flow Growth	-	-	-	105.91%	-80.55%	146.14%
Capital Expenditures	-41.38	-24.52	-30	-17.31	-42.4	-97.2
Sale of Property, Plant & Equipment	0.05	0.79	0.19	0.27	0.01	0.02
Sale (Purchase) of Intangibles	-	-	-0.55	-0.69	-	-1.41
Other Investing Activities	13.82	-16.88	33.72	-16.4	-19.31	-4.74
Investing Cash Flow	-27.52	-40.6	3.36	-34.14	-61.7	-103.34
Short-Term Debt Issued	-	2.61	62.33	45.43	11.19	33.82
Long-Term Debt Issued	-	-	35	-	99.4	-
Total Debt Issued	-14.83	2.61	97.33	45.43	110.59	33.82
Long-Term Debt Repaid	-	-56.25	-81.73	-47.91	-67.2	-54.32
Total Debt Repaid	-58.8	-56.25	-81.73	-47.91	-67.2	-54.32
Net Debt Issued (Repaid)	-73.63	-53.64	15.6	-2.47	43.39	-20.5
Issuance of Common Stock	126	126	80	30	-	80
Other Financing Activities	-	-	-	-	-	-12
Financing Cash Flow	52.37	72.36	95.6	27.53	43.39	47.5
Foreign Exchange Rate Adjustments	30.83	-9.14	1.88	-19.88	2.6	-1.21
Net Cash Flow	35.57	40.61	56.15	9.32	1.68	32.38
Free Cash Flow	-61.49	-6.53	-74.69	18.51	-25.01	-7.78
Free Cash Flow Margin	-9.38%	-1.09%	-12.99%	3.67%	-3.81%	-1.01%
Free Cash Flow Per Share	-0.90	-0.11	-1.79	0.64	-0.88	-0.28
Cash Interest Paid	12.84	21.5	14.74	9.22	6	7.55
Cash Income Tax Paid	0.43	0.07	3.12	0.02	-0.01	-0.31
Levered Free Cash Flow	-43.16	-55.43	-12.21	-15.48	-35.11	12.91
Unlevered Free Cash Flow	-31.87	-42.8	-0.7	-8.96	-29.87	19.2
Change in Working Capital	-10.41	10.26	-39.26	38.96	22.27	35.06

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