Kwan's International 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	-21.41	31.86	62.54	-39.72	-71.67
Depreciation & Amortization	38.1	29.68	26.59	7.19	9.09
Loss (Gain) From Sale of Assets	-0.62	-0.39	-	-1.43	-
Asset Writedown & Restructuring Costs	-	-	-	-	9.44
Loss (Gain) From Sale of Investments	-	17.22	2.3	-6.95	2.75
Stock-Based Compensation	0.9	-	-	-	-
Provision & Write-off of Bad Debts	-2.28	2.87	-	-	6.44
Other Operating Activities	-1.51	-13.02	9.59	-13.87	0.28
Change in Accounts Receivable	-83.36	-114.65	-103.92	-	-
Change in Accounts Payable	118.68	16.81	26.63	-0.06	-5.44
Change in Unearned Revenue	0.06	-4.33	-66.41	32.23	16.82
Change in Other Net Operating Assets	-39.07	-88.26	-36.91	-41.2	-14.68
Operating Cash Flow	9.49	-122.22	-79.59	-63.79	-46.96
Capital Expenditures	-19.4	-2.84	-17.02	-7.57	-1
Sale of Property, Plant & Equipment	0.62	0.83	-	1.43	-
Sale (Purchase) of Intangibles	-0.65	-0.72	-0.23	-76.4	-0.62
Sale (Purchase) of Real Estate	-	-	-	-	-2.36
Investment in Securities	11.51	304.47	62.42	40.64	150.58
Other Investing Activities	0.01	0.42	-19.47	-37.6	0.36
Investing Cash Flow	-7.9	302.16	25.69	-79.5	146.96
Short-Term Debt Issued	47.16	-	-	-	-
Long-Term Debt Issued	7.5	-	-	-	-
Total Debt Issued	54.66	-	-	-	-
Long-Term Debt Repaid	-0.03	-0.03	-0.03	-0.03	-0.29
Total Debt Repaid	-0.03	-0.03	-0.03	-0.03	-0.29
Net Debt Issued (Repaid)	54.63	-0.03	-0.03	-0.03	-0.29
Issuance of Common Stock	5.42	-	0.13	-	-
Common Dividends Paid	-	-19.23	-	-	-
Financing Cash Flow	60.05	-19.26	0.09	-0.03	-0.29
Foreign Exchange Rate Adjustments	0.24	-0.01	0.01	20.06	-5.57
Net Cash Flow	61.88	160.67	-53.8	-123.27	94.15
Free Cash Flow	-9.91	-125.06	-96.61	-71.37	-47.96
Free Cash Flow Margin	-0.99%	-17.89%	-14.37%	-127.47%	-248.70%
Free Cash Flow Per Share	-0.09	-1.09	-0.84	-0.62	-0.42
Cash Interest Paid	0.09	-	-	-	-
Cash Income Tax Paid	0.2	0.23	0.77	0.91	1.83
Levered Free Cash Flow	43.12	-121.86	-176.84	-123.11	89
Unlevered Free Cash Flow	43.18	-121.85	-176.84	-123.11	89
Change in Working Capital	-3.69	-190.43	-180.61	-9.03	-3.29

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