Keystone Microtech 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	419.27	479.82	354.2	406.45	419.7	334
Depreciation & Amortization	59.84	55.84	56.38	50.94	41.85	35.85
Other Amortization	22.14	12.86	11.31	18.55	16.26	13.24
Stock-Based Compensation	21.23	21	11.69	6.11	-	-
Provision & Write-off of Bad Debts	8.18	4.27	3.68	2.81	-7.31	7.51
Other Operating Activities	38.37	-38.8	1.86	-62.54	-31.56	72.15
Change in Accounts Receivable	15.69	-69.03	-69.72	-30.92	70.43	-106.19
Change in Inventory	-99.34	-91.07	162.44	25.45	-12.82	-320.36
Change in Accounts Payable	50.96	109.69	-1.72	-29.66	-60.21	57.3
Change in Unearned Revenue	11.92	-40.17	-38.04	20.61	-115.89	175.5
Change in Other Net Operating Assets	23.66	29	-0.14	2.78	27.96	19.2
Operating Cash Flow	571.92	473.41	491.95	410.59	348.4	288.19
Operating Cash Flow Growth	28.47%	-3.77%	19.81%	17.85%	20.89%	34.74%
Capital Expenditures	-82.67	-503.52	-23.96	-46.73	-66.34	-67.14
Sale (Purchase) of Intangibles	-23.56	-25.05	-8.82	-10.55	-8.62	-22.51
Investment in Securities	-3.46	106.2	-116.28	21.94	251.58	-151.24
Other Investing Activities	-2.57	-0.24	0.63	-0.71	0.07	-0.51
Investing Cash Flow	-112.27	-422.61	-148.43	-36.05	176.69	-241.41
Long-Term Debt Repaid	-	-8.52	-8.28	-5.72	-4.31	-4.74
Net Debt Issued (Repaid)	-8.12	-8.52	-8.28	-5.72	-4.31	-4.74
Issuance of Common Stock	-	-	-	-	12.48	-
Common Dividends Paid	-273.88	-178.28	-204.19	-211.19	-148.92	-108.3
Financing Cash Flow	-282	-186.79	-212.47	-216.91	-140.75	-113.04
Foreign Exchange Rate Adjustments	-26.28	59.85	-5.49	56.37	28.99	-11.07
Net Cash Flow	151.37	-76.15	125.56	214.01	413.33	-77.33
Free Cash Flow	489.24	-30.12	467.99	363.86	282.06	221.04
Free Cash Flow Growth	-	-	28.62%	29.00%	27.60%	11.90%
Free Cash Flow Margin	23.66%	-1.74%	33.19%	23.79%	19.04%	17.99%
Free Cash Flow Per Share	17.76	-1.09	17.11	13.24	10.34	8.11
Cash Interest Paid	0.45	0.39	0.46	0.2	0.2	0.13
Cash Income Tax Paid	115.18	94.02	85.48	124.59	111.6	55.05
Levered Free Cash Flow	361.96	-172.71	370.53	272.75	240.73	125.67
Unlevered Free Cash Flow	362.24	-172.46	370.81	272.87	240.86	125.76
Change in Working Capital	2.89	-61.58	52.82	-11.73	-90.54	-174.56

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