Delta Asia International 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	23.43	57.19	85.78	171.3	130.25
Depreciation & Amortization	216.4	165.96	64.91	52.95	53.42
Other Amortization	-	6.26	2.96	1.66	1.34
Loss (Gain) From Sale of Assets	2.5	-0.57	-	-	-
Stock-Based Compensation	9.16	-	-	-	-
Provision & Write-off of Bad Debts	4.89	0.64	-0.19	0.4	0.67
Other Operating Activities	-9.24	-14.15	-11.28	23.65	-31.37
Change in Accounts Receivable	37.9	-100.37	59.61	-18.75	-11.05
Change in Inventory	-42.76	-52.09	-17.28	4.63	-57.71
Change in Accounts Payable	-4.58	16.23	-14.42	2.05	10.66
Change in Unearned Revenue	-32.06	42.12	-6.74	10.6	-2.71
Change in Other Net Operating Assets	12.45	65.06	-75.66	7.14	-20.68
Operating Cash Flow	218.09	186.28	87.69	255.63	72.82
Operating Cash Flow Growth	17.07%	112.44%	-65.70%	251.02%	-67.75%
Capital Expenditures	-138.12	-190.54	-1,159	-718.6	-11.3
Sale of Property, Plant & Equipment	1.35	0.75	-	-	-
Sale (Purchase) of Intangibles	-0.46	-2.45	-8.99	-3.46	-0.91
Investment in Securities	113.76	-133.76	-	-	-
Other Investing Activities	-2.72	-3.18	-0.09	-	0.04
Investing Cash Flow	-26.18	-329.19	-1,168	-722.06	-12.17
Short-Term Debt Issued	1,355	784	110	-	-
Long-Term Debt Issued	200	226.14	1,054	100	-
Total Debt Issued	1,555	1,010	1,164	100	-
Short-Term Debt Repaid	-1,169	-485	-	-	-
Long-Term Debt Repaid	-702.5	-440.11	-26.45	-22.26	-13.26
Total Debt Repaid	-1,871	-925.11	-26.45	-22.26	-13.26
Net Debt Issued (Repaid)	-316.5	85.03	1,137	77.75	-13.26
Issuance of Common Stock	-	-	-	3.59	3.4
Common Dividends Paid	-9.17	-5.18	-25.89	-64.72	-165.96
Other Financing Activities	-1.44	1.44	-	-	-
Financing Cash Flow	-327.1	81.29	1,111	16.62	-175.82
Net Cash Flow	-135.2	-61.61	30.95	-449.81	-115.16
Free Cash Flow	79.97	-4.26	-1,071	-462.97	61.52
Free Cash Flow Growth	-	-	-	-	-71.39%
Free Cash Flow Margin	11.52%	-0.73%	-210.90%	-100.00%	11.58%
Free Cash Flow Per Share	2.29	-0.12	-30.49	-13.17	1.75
Cash Interest Paid	23.04	16.02	12.52	7.75	4.06
Cash Income Tax Paid	9.19	15.13	32.49	20.78	67.69
Levered Free Cash Flow	69.68	-84.53	-1,063	-551.1	30.23
Unlevered Free Cash Flow	83.99	-74.31	-1,055	-546.23	35.29
Change in Working Capital	-29.05	-29.05	-54.5	5.67	-81.49

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