Trusval Technology 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	653.93	439.62	321.26	211.16	130.1
Depreciation & Amortization	95.06	73.36	67.52	62.35	52.88
Loss (Gain) From Sale of Assets	-1.01	6.06	-0.06	-0.04	-0.01
Asset Writedown & Restructuring Costs	28.28	-	-	-	-
Loss (Gain) From Sale of Investments	-	-	0.24	-	-
Loss (Gain) on Equity Investments	0.15	-1.19	-1.27	-4.16	0.9
Stock-Based Compensation	46.79	14.41	-	17.15	-
Provision & Write-off of Bad Debts	12.43	0.25	0.04	0.04	-0.02
Other Operating Activities	-5.13	18.62	13.5	33.44	19.86
Change in Accounts Receivable	-850.11	-609.95	-52.74	-266.47	-343.83
Change in Inventory	-142.26	-169.35	-89.62	-152.3	-20.69
Change in Accounts Payable	145.28	142.96	-59.19	38.05	196.63
Change in Unearned Revenue	253.86	119.75	46.7	109.58	69.4
Change in Other Net Operating Assets	166.58	-52.32	9.89	55.02	21.02
Operating Cash Flow	403.83	-17.77	256.26	103.82	126.24
Operating Cash Flow Growth	-	-	146.82%	-17.76%	16.34%
Capital Expenditures	-139.65	-75.09	-36.8	-33.51	-33.92
Sale of Property, Plant & Equipment	1.01	1	0.24	0.07	0.14
Sale (Purchase) of Intangibles	-12.82	-1.38	-2.87	-4.43	-2.51
Investment in Securities	-111	-34.6	88.49	-107.49	-
Other Investing Activities	-2.01	-0.12	0.41	1.14	-7.34
Investing Cash Flow	-264.47	-110.19	49.46	-144.22	-43.62
Short-Term Debt Issued	520.5	339.5	-	245	100
Long-Term Debt Issued	200	35.15	34.09	-	100
Total Debt Issued	720.5	374.65	34.09	245	200
Short-Term Debt Repaid	-	-	-25	-	-
Long-Term Debt Repaid	-118.15	-77.1	-56.92	-42.06	-32.69
Total Debt Repaid	-118.15	-77.1	-81.92	-42.06	-32.69
Net Debt Issued (Repaid)	602.35	297.56	-47.83	202.94	167.32
Issuance of Common Stock	472.55	179.65	-	239.29	-
Common Dividends Paid	-394.83	-289.27	-189.86	-116.95	-66.03
Other Financing Activities	33.02	20	0.4	-3.41	0.76
Financing Cash Flow	713.09	207.94	-237.29	321.87	102.04
Foreign Exchange Rate Adjustments	1.56	0.29	0.23	0.08	-0.02
Net Cash Flow	854	80.28	68.66	281.55	184.64
Free Cash Flow	264.19	-92.85	219.46	70.31	92.33
Free Cash Flow Growth	-	-	212.12%	-23.84%	23.68%
Free Cash Flow Margin	4.16%	-2.56%	9.10%	2.85%	5.24%
Free Cash Flow Per Share	5.52	-2.03	4.85	1.67	2.31
Cash Interest Paid	29.5	32.53	15.38	11.07	6.48
Cash Income Tax Paid	137.67	99.41	79.78	52.01	18.8
Levered Free Cash Flow	83.25	-225.77	125.25	-0.96	50.34
Unlevered Free Cash Flow	101.97	-214.27	134.88	6.27	54.38
Change in Working Capital	-426.66	-568.91	-144.96	-216.11	-77.46

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