Tacheng Real Estate 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	713.11	572.66	247.84	346.04	417.74	232.42
Depreciation & Amortization	0.48	0.54	0.22	3.17	3.36	0.69
Other Amortization	0.12	0.12	-	-	-	-
Provision & Write-off of Bad Debts	-0.06	0.11	-0.13	-0.13	-0.12	-0.12
Other Operating Activities	-12.76	127.69	-24.21	-7.02	-5.68	42.41
Change in Accounts Receivable	0.06	0.13	0.13	0.43	-0.05	1.14
Change in Inventory	74.64	-760.91	95.96	325.31	-315.7	-540.68
Change in Accounts Payable	-71.28	15.34	33	3.33	-34.37	110.74
Change in Unearned Revenue	-159.78	147.79	-6.67	-108.6	-111.92	349.66
Change in Other Net Operating Assets	-248.83	128.21	51.28	-129.21	-127.6	203.97
Operating Cash Flow	295.7	231.68	397.4	433.33	-174.33	400.21
Operating Cash Flow Growth	-50.04%	-41.70%	-8.29%	-	-	-
Capital Expenditures	-	-3.07	-	-0.22	-	-0.08
Sale (Purchase) of Intangibles	-	-	-0.15	-0.05	-0.16	-0.07
Investment in Securities	-	-	-	-146.28	-	-
Other Investing Activities	63.55	-343.58	213.88	2.3	-78.75	-25.99
Investing Cash Flow	63.55	-346.65	213.73	-144.25	-78.91	-26.14
Short-Term Debt Issued	-	363.41	-	-	25.34	147.6
Total Debt Issued	-149.3	363.41	-	-	25.34	147.6
Short-Term Debt Repaid	-	-	-185.37	-134.5	-	-100
Long-Term Debt Repaid	-	-	-	-2.99	-3.16	-0.23
Total Debt Repaid	-45.98	-	-185.37	-137.49	-3.16	-100.23
Net Debt Issued (Repaid)	-195.28	363.41	-185.37	-137.49	22.18	47.37
Common Dividends Paid	-250	-150	-100	-129.98	-75.35	-22.61
Financing Cash Flow	-445.28	213.41	-285.37	-267.47	-53.17	24.77
Net Cash Flow	-86.03	98.44	325.77	21.61	-306.42	398.84
Free Cash Flow	295.7	228.61	397.4	433.11	-174.33	400.12
Free Cash Flow Growth	-49.78%	-42.48%	-8.24%	-	-	-
Free Cash Flow Margin	13.48%	12.57%	28.75%	22.29%	-8.60%	32.68%
Free Cash Flow Per Share	2.96	2.29	3.97	4.33	-1.74	4.00
Cash Interest Paid	26.33	20.28	21.06	17.74	17.76	17.75
Cash Income Tax Paid	206.57	20.2	66.36	90.1	81.61	2.55
Levered Free Cash Flow	203.45	-240.07	544.93	208.53	-369.44	320.36
Unlevered Free Cash Flow	203.45	-240.07	544.93	208.54	-369.39	320.37
Change in Working Capital	-405.19	-469.45	173.69	91.26	-589.64	124.82

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