Dr. Wu Skincare 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	350.27	476.25	424.73	339.98	296.24
Depreciation & Amortization	9.65	8.42	9.42	9.77	12.16
Loss (Gain) From Sale of Assets	-	-	-	-	0.14
Asset Writedown & Restructuring Costs	-	-	-	-	0.97
Loss (Gain) From Sale of Investments	-0.07	-1.09	-0.89	1.88	1.06
Provision & Write-off of Bad Debts	0.02	-0.05	0.05	-0.07	0.07
Other Operating Activities	-28.39	-25.09	17.23	7.06	-82.31
Change in Accounts Receivable	44.45	-33.53	-11.15	18.72	-46.66
Change in Inventory	-6.75	26.97	-73.56	-0.02	-12.17
Change in Accounts Payable	3.9	-36.8	15.98	-43.24	61.43
Change in Unearned Revenue	10.08	3.26	0.21	-5.55	1.15
Change in Other Net Operating Assets	-42.25	18.84	10.42	-2.7	62.09
Operating Cash Flow	340.92	437.18	392.44	325.83	294.17
Operating Cash Flow Growth	-22.02%	11.40%	20.44%	10.76%	-2.24%
Capital Expenditures	-5.91	-2.75	-2.95	-1.59	-3.26
Divestitures	-	-	-	-	250.83
Sale (Purchase) of Intangibles	-	-	-0.33	-	-0.11
Investment in Securities	141.96	-86.47	-105.54	-330.5	557.02
Other Investing Activities	-7.64	0.02	0.17	-0.63	3
Investing Cash Flow	128.4	-89.21	-108.64	-332.73	807.48
Long-Term Debt Repaid	-10.01	-9.84	-9.99	-9.83	-9.41
Net Debt Issued (Repaid)	-10.01	-9.84	-9.99	-9.83	-9.41
Common Dividends Paid	-450.48	-495.52	-450.48	-360.38	-775.72
Other Financing Activities	-	-	-	-	-0.23
Financing Cash Flow	-460.49	-505.36	-460.47	-370.21	-785.36
Net Cash Flow	8.84	-157.39	-176.67	-377.1	316.3
Free Cash Flow	335.01	434.43	389.49	324.24	290.92
Free Cash Flow Growth	-22.88%	11.54%	20.13%	11.45%	-2.74%
Free Cash Flow Margin	28.68%	34.98%	34.25%	34.98%	26.30%
Free Cash Flow Per Share	7.41	9.62	8.64	7.19	6.45
Cash Interest Paid	1.37	0.82	0.26	0.52	0.76
Cash Income Tax Paid	117.7	143.33	82.2	79.16	158.33
Levered Free Cash Flow	248.96	405.5	167.7	203.32	526.44
Unlevered Free Cash Flow	249.82	406.01	167.86	203.65	526.91
Change in Working Capital	9.44	-21.26	-58.09	-32.79	65.85

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