Taiwan Biomaterial 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	56.88	-1.73	-10.13	33.76	-47.44	-55.37
Depreciation & Amortization	16.18	16.79	16.96	15.98	10.21	11.22
Other Amortization	0.9	0.9	0.91	0.92	0.85	0.61
Loss (Gain) From Sale of Assets	-	-	-	-	0.04	-0
Stock-Based Compensation	-	-	-	-	0.26	-
Other Operating Activities	-0.4	-1	0.82	-0.25	0.01	0.11
Change in Accounts Receivable	-20.4	2.47	1.65	-13.64	3.53	-2.1
Change in Inventory	9.76	7.84	-30.64	-7.82	-4.06	-0.62
Change in Accounts Payable	10.4	-3.55	4.63	2.79	0.02	0.64
Change in Unearned Revenue	1.47	0.47	-	-	-0.15	0.15
Change in Other Net Operating Assets	-3.25	-3.75	5.65	-2.44	10.44	0.24
Operating Cash Flow	71.53	18.43	-10.16	29.31	-26.29	-45.13
Capital Expenditures	-1.9	-3.69	-2.57	-35.67	-28.01	-149.12
Sale of Property, Plant & Equipment	-	-	-	0.07	-	0.05
Sale (Purchase) of Intangibles	-1.66	-0.96	-0.64	-1.81	-1.69	-0.27
Investment in Securities	-0.04	24.96	16.97	-88.51	76.89	189.79
Other Investing Activities	0.18	0.21	0.23	5.37	1.14	-1.11
Investing Cash Flow	-3.42	20.53	13.98	-120.55	48.34	39.34
Long-Term Debt Repaid	-	-5.29	-6.89	-7.03	-2.24	-2.39
Net Debt Issued (Repaid)	-4.39	-5.29	-6.89	-7.03	-2.24	-2.39
Issuance of Common Stock	-	-	-	189.78	1.03	0.05
Common Dividends Paid	-	-	-8.4	-	-	-
Financing Cash Flow	-4.39	-5.29	-15.29	182.75	-1.21	-2.34
Net Cash Flow	63.73	33.67	-11.47	91.5	20.84	-8.12
Free Cash Flow	69.63	14.74	-12.74	-6.36	-54.3	-194.25
Free Cash Flow Margin	34.26%	15.26%	-17.49%	-5.00%	-130.31%	-1074.68%
Free Cash Flow Per Share	1.66	0.35	-0.30	-0.16	-1.65	-5.89
Cash Interest Paid	0.76	0.8	0.87	0.97	1.03	1.04
Cash Income Tax Paid	0.26	0.21	0.25	0.09	-	-0.02
Levered Free Cash Flow	47.24	8.13	-12.64	-60.21	-17.57	-216.35
Unlevered Free Cash Flow	47.71	8.63	-12.09	-59.6	-16.93	-215.7
Change in Working Capital	-2.02	3.48	-18.71	-21.1	9.78	-1.7

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