Golden Insurance Brokers 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	172.84	238.9	119.17	64.91	81.05
Depreciation & Amortization	107.46	88.78	72.21	69.6	66.46
Other Amortization	-	-	7.33	7.01	6.4
Loss (Gain) From Sale of Assets	0.04	0.03	0.07	0.11	0.45
Asset Writedown & Restructuring Costs	-	-	0.65	2.43	-
Provision & Write-off of Bad Debts	-	-	0.05	-	-
Other Operating Activities	2.81	30.3	29.32	2.01	4.46
Change in Accounts Receivable	73.74	-82.04	-162.71	13.83	23.42
Change in Accounts Payable	-27.6	46.02	104.79	-11.74	-19.44
Change in Other Net Operating Assets	-72.71	108.07	44.7	15.02	-17.48
Operating Cash Flow	256.57	430.07	215.57	163.19	145.32
Operating Cash Flow Growth	-40.34%	99.50%	32.10%	12.30%	-15.84%
Capital Expenditures	-69.64	-37.99	-24	-17.93	-26.06
Sale of Property, Plant & Equipment	-	-	0.04	0.02	0.57
Sale (Purchase) of Intangibles	-8.28	-2.46	-7.98	-9.36	-4.85
Sale (Purchase) of Real Estate	0.04	-	-	-	-
Investment in Securities	-	-	-51.99	-	2
Other Investing Activities	-22.13	-6.04	2.65	-1.58	0.21
Investing Cash Flow	-100.02	-46.48	-81.28	-28.86	-28.13
Long-Term Debt Repaid	-67.53	-53.14	-50.71	-50.2	-46.77
Total Debt Repaid	-67.53	-53.14	-50.71	-50.2	-46.77
Net Debt Issued (Repaid)	-67.53	-53.14	-50.71	-50.2	-46.77
Common Dividends Paid	-160	-90	-60	-70	-70
Other Financing Activities	-0.02	0.01	0.01	0.01	-0.01
Financing Cash Flow	-227.55	-143.14	-110.7	-120.19	-116.78
Net Cash Flow	-71	240.45	23.59	14.15	0.41
Free Cash Flow	186.93	392.08	191.57	145.26	119.26
Free Cash Flow Growth	-52.32%	104.66%	31.88%	21.80%	-18.32%
Free Cash Flow Margin	3.96%	8.75%	6.30%	6.64%	5.29%
Free Cash Flow Per Share	8.46	17.73	8.68	6.59	5.41
Cash Interest Paid	2.06	1.51	1.6	1.98	2.29
Cash Income Tax Paid	75.44	38.74	13.25	19.3	24.25
Levered Free Cash Flow	155.54	334.84	155.6	115.25	93.58
Unlevered Free Cash Flow	156.82	335.76	156.56	116.43	94.98
Change in Working Capital	-26.58	72.06	-13.22	17.12	-13.5

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