Keystone Microtech 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	419.05	479.82	354.2	406.45	419.7
Depreciation & Amortization	61.8	55.84	56.38	50.94	41.85
Other Amortization	22.88	12.86	11.31	18.55	16.26
Asset Writedown & Restructuring Costs	16.89	-	-	-	-
Stock-Based Compensation	22.47	21	11.69	6.11	-
Provision & Write-off of Bad Debts	-6.84	4.27	3.68	2.81	-7.31
Other Operating Activities	15.25	-38.8	1.86	-62.54	-31.56
Change in Accounts Receivable	42.97	-69.03	-69.72	-30.92	70.43
Change in Inventory	-154.98	-91.07	162.44	25.45	-12.82
Change in Accounts Payable	152.53	109.69	-1.72	-29.66	-60.21
Change in Unearned Revenue	-25.39	-40.17	-38.04	20.61	-115.89
Change in Other Net Operating Assets	18.11	29	-0.14	2.78	27.96
Operating Cash Flow	584.72	473.41	491.95	410.59	348.4
Operating Cash Flow Growth	23.51%	-3.77%	19.81%	17.85%	20.89%
Capital Expenditures	-23.99	-503.52	-23.96	-46.73	-66.34
Sale (Purchase) of Intangibles	-23.68	-25.05	-8.82	-10.55	-8.62
Investment in Securities	10.08	106.2	-116.28	21.94	251.58
Other Investing Activities	-2.59	-0.24	0.63	-0.71	0.07
Investing Cash Flow	-40.17	-422.61	-148.43	-36.05	176.69
Long-Term Debt Repaid	-8.48	-8.52	-8.28	-5.72	-4.31
Net Debt Issued (Repaid)	-8.48	-8.52	-8.28	-5.72	-4.31
Issuance of Common Stock	-	-	-	-	12.48
Common Dividends Paid	-273.88	-178.28	-204.19	-211.19	-148.92
Financing Cash Flow	-282.37	-186.79	-212.47	-216.91	-140.75
Foreign Exchange Rate Adjustments	-22.75	59.85	-5.49	56.37	28.99
Net Cash Flow	239.43	-76.15	125.56	214.01	413.33
Free Cash Flow	560.73	-30.12	467.99	363.86	282.06
Free Cash Flow Growth	-	-	28.62%	29.00%	27.60%
Free Cash Flow Margin	26.25%	-1.74%	33.19%	23.79%	19.04%
Free Cash Flow Per Share	20.34	-1.09	17.11	13.24	10.34
Cash Interest Paid	0.49	0.39	0.46	0.2	0.2
Cash Income Tax Paid	119.96	94.02	85.48	124.59	111.6
Levered Free Cash Flow	436.35	-172.71	370.53	272.75	240.73
Unlevered Free Cash Flow	436.66	-172.46	370.81	272.87	240.86
Change in Working Capital	33.23	-61.58	52.82	-11.73	-90.54

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