Golden Insurance Brokers 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	169.39	238.9	119.17	64.91	81.05	93.03
Depreciation & Amortization	93.02	81.34	72.21	69.6	66.46	55.18
Other Amortization	7.19	7.45	7.33	7.01	6.4	5.2
Loss (Gain) From Sale of Assets	0.04	0.03	0.07	0.11	0.45	0.17
Asset Writedown & Restructuring Costs	-	-	0.65	2.43	-	-
Provision & Write-off of Bad Debts	-	-	0.05	-	-	-
Other Operating Activities	0.97	30.3	29.32	2.01	4.46	7.34
Change in Accounts Receivable	49.01	-82.04	-162.71	13.83	23.42	37.52
Change in Accounts Payable	14.79	46.02	104.79	-11.74	-19.44	-57.37
Change in Other Net Operating Assets	44.68	108.07	44.7	15.02	-17.48	31.61
Operating Cash Flow	379.09	430.07	215.57	163.19	145.32	172.67
Operating Cash Flow Growth	61.15%	99.50%	32.10%	12.30%	-15.84%	6.13%
Capital Expenditures	-77.48	-37.99	-24	-17.93	-26.06	-26.67
Sale of Property, Plant & Equipment	0.04	-	0.04	0.02	0.57	-
Sale (Purchase) of Intangibles	-6.01	-2.46	-7.98	-9.36	-4.85	-3.04
Investment in Securities	-	-	-51.99	-	2	-
Other Investing Activities	-27.97	-6.04	2.65	-1.58	0.21	-3.82
Investing Cash Flow	-111.42	-46.48	-81.28	-28.86	-28.13	-33.53
Long-Term Debt Repaid	-	-53.14	-50.71	-50.2	-46.77	-39.82
Total Debt Repaid	-63.25	-53.14	-50.71	-50.2	-46.77	-39.82
Net Debt Issued (Repaid)	-63.25	-53.14	-50.71	-50.2	-46.77	-39.82
Common Dividends Paid	-160	-90	-60	-70	-70	-70
Other Financing Activities	-0.02	0.01	0.01	0.01	-0.01	-0.01
Financing Cash Flow	-223.27	-143.14	-110.7	-120.19	-116.78	-109.83
Net Cash Flow	44.39	240.45	23.59	14.15	0.41	29.31
Free Cash Flow	301.61	392.08	191.57	145.26	119.26	146
Free Cash Flow Growth	43.90%	104.66%	31.88%	21.80%	-18.32%	-1.97%
Free Cash Flow Margin	6.33%	8.75%	6.30%	6.64%	5.29%	6.17%
Free Cash Flow Per Share	13.62	17.72	8.68	6.59	5.41	6.62
Cash Interest Paid	1.87	1.51	1.6	1.98	2.29	1.67
Cash Income Tax Paid	75.42	38.74	13.25	19.3	24.25	25.01
Levered Free Cash Flow	-	334.84	155.6	115.25	93.58	119.17
Unlevered Free Cash Flow	-	335.76	156.56	116.43	94.98	120.21
Change in Working Capital	108.48	72.06	-13.22	17.12	-13.5	11.76

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