Azion 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	63.47	71.96	76.03	37.89	44.74
Depreciation & Amortization	11.22	11.32	11.19	10.02	9.81
Other Amortization	4.15	4.57	2.44	1.29	0.48
Loss (Gain) From Sale of Assets	-0.01	-	0.08	-0.26	-3.78
Loss (Gain) From Sale of Investments	1.45	-10.86	0.09	-0.53	-1
Stock-Based Compensation	-	-	5.57	-	3.73
Provision & Write-off of Bad Debts	1.6	-1.07	0.8	0.46	-0.11
Other Operating Activities	1.5	-25.13	22.26	-3.27	-0.68
Change in Accounts Receivable	-14.29	-77.59	53.19	-2.35	-137.32
Change in Inventory	-24.19	35.52	28.15	-53.47	12.03
Change in Accounts Payable	44.26	-50.77	35.52	16.73	80.31
Change in Unearned Revenue	21.91	-14.55	-14.76	33.18	-31.79
Change in Other Net Operating Assets	-77	70.69	-151.85	71.23	107.39
Operating Cash Flow	34.08	14.08	68.71	110.94	77.09
Operating Cash Flow Growth	142.03%	-79.51%	-38.07%	43.91%	21.33%
Capital Expenditures	-2.2	-2.65	-	-4.27	-2.7
Sale of Property, Plant & Equipment	0.03	-	-	0.03	0.01
Divestitures	-	-	-	-	-13.12
Sale (Purchase) of Intangibles	-6.2	-1.65	-5.57	-2.84	-0.79
Sale (Purchase) of Real Estate	-	-	-4.28	-	-
Investment in Securities	-4.58	10.5	-10.24	10.43	1.82
Other Investing Activities	4	10.97	0.47	5.74	-9.22
Investing Cash Flow	-8.95	17.17	-19.63	9.09	-23.99
Short-Term Debt Issued	-	7.49	57.51	-	36.14
Long-Term Debt Issued	140	60	112	-	147.19
Total Debt Issued	140	67.49	169.51	-	183.34
Short-Term Debt Repaid	-50	-	-	-44.35	-
Long-Term Debt Repaid	-67.88	-87.45	-82.87	-154.24	-116.69
Total Debt Repaid	-117.88	-87.45	-82.87	-198.59	-116.69
Net Debt Issued (Repaid)	22.13	-19.96	86.64	-198.59	66.64
Issuance of Common Stock	-	-	8.99	-	9.74
Common Dividends Paid	-64.31	-55.92	-35	-45.7	-37
Other Financing Activities	1.45	1.48	0.88	-0.31	21.76
Financing Cash Flow	-40.74	-74.4	61.51	-244.6	61.14
Foreign Exchange Rate Adjustments	0.01	0.13	-0.3	1.04	-0.63
Net Cash Flow	-15.59	-43.02	110.29	-123.53	113.62
Free Cash Flow	31.89	11.43	68.71	106.67	74.4
Free Cash Flow Growth	179.00%	-83.37%	-35.59%	43.39%	21.21%
Free Cash Flow Margin	3.53%	1.52%	7.76%	21.14%	11.77%
Free Cash Flow Per Share	0.68	0.24	1.48	2.33	1.63
Cash Interest Paid	1.98	1.67	1.77	1.52	0.79
Cash Income Tax Paid	9.65	36.91	2.99	14.86	15.85
Levered Free Cash Flow	98.23	-44.47	186.91	17.91	-13.17
Unlevered Free Cash Flow	99.55	-43.43	188.03	18.81	-12.66
Change in Working Capital	-49.31	-36.7	-49.74	65.33	30.63

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