Tacheng Real Estate 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	381.98	572.66	247.84	346.04	417.74
Depreciation & Amortization	0.58	0.54	0.22	3.17	3.36
Other Amortization	-	0.12	-	-	-
Provision & Write-off of Bad Debts	-0.04	0.11	-0.13	-0.13	-0.12
Other Operating Activities	-97.03	127.69	-24.21	-7.02	-5.68
Change in Accounts Receivable	0.04	0.13	0.13	0.43	-0.05
Change in Inventory	-428.32	-760.91	95.96	325.31	-315.7
Change in Accounts Payable	-97.77	15.34	33	3.33	-34.37
Change in Unearned Revenue	38.73	147.79	-6.67	-108.6	-111.92
Change in Other Net Operating Assets	-243.81	128.21	51.28	-129.21	-127.6
Operating Cash Flow	-445.62	231.68	397.4	433.33	-174.33
Operating Cash Flow Growth	-	-41.70%	-8.29%	-	-
Capital Expenditures	-	-3.07	-	-0.22	-
Sale (Purchase) of Intangibles	-	-	-0.15	-0.05	-0.16
Investment in Securities	201.91	-	-	-146.28	-
Other Investing Activities	3.67	-343.58	213.88	2.3	-78.75
Investing Cash Flow	205.58	-346.65	213.73	-144.25	-78.91
Short-Term Debt Issued	-	363.41	-	-	25.34
Total Debt Issued	-	363.41	-	-	25.34
Short-Term Debt Repaid	-45.98	-	-185.37	-134.5	-
Long-Term Debt Repaid	-	-	-	-2.99	-3.16
Total Debt Repaid	-45.98	-	-185.37	-137.49	-3.16
Net Debt Issued (Repaid)	-45.98	363.41	-185.37	-137.49	22.18
Common Dividends Paid	-250	-150	-100	-129.98	-75.35
Financing Cash Flow	-295.98	213.41	-285.37	-267.47	-53.17
Net Cash Flow	-536.03	98.44	325.77	21.61	-306.42
Free Cash Flow	-445.62	228.61	397.4	433.11	-174.33
Free Cash Flow Growth	-	-42.48%	-8.24%	-	-
Free Cash Flow Margin	-37.90%	12.57%	28.75%	22.29%	-8.60%
Free Cash Flow Per Share	-4.46	2.29	3.97	4.33	-1.74
Cash Interest Paid	25.29	20.28	21.06	17.74	17.76
Cash Income Tax Paid	206.55	20.2	66.36	90.1	81.61
Levered Free Cash Flow	-322.9	-240.07	544.93	208.53	-369.44
Unlevered Free Cash Flow	-322.9	-240.07	544.93	208.54	-369.39
Change in Working Capital	-731.12	-469.45	173.69	91.26	-589.64

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