Jiu Han System 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	705.52	594.31	820.48	1,303	597.3
Depreciation & Amortization	7.5	4.7	6.47	5.42	4.78
Other Amortization	-	2.39	1.58	1.34	0.68
Loss (Gain) From Sale of Assets	-	-	1.95	-8.09	0.02
Stock-Based Compensation	-	27.97	-	-	36.19
Provision & Write-off of Bad Debts	3.94	-2.84	3.65	2.08	-
Other Operating Activities	57.46	-13.27	-184.7	116.75	11.03
Change in Accounts Receivable	-917.65	-753.85	443	-357.9	-69.02
Change in Inventory	-	4.65	-3.53	-1.12	-
Change in Accounts Payable	590.49	-114.37	-13.76	-96.48	-19.81
Change in Unearned Revenue	531.88	-121.43	41.97	-319.21	420.58
Change in Other Net Operating Assets	-198.99	-158.07	26.39	-79.74	55.19
Operating Cash Flow	780.14	-529.79	1,143	565.7	1,037
Operating Cash Flow Growth	-	-	102.14%	-45.45%	231.29%
Capital Expenditures	-2.91	-16.61	-4.09	-11.13	-0.74
Sale of Property, Plant & Equipment	-	-	0.38	0.02	-
Divestitures	-	-	-	9.35	-
Sale (Purchase) of Intangibles	-6.55	-5.01	-0.99	-3.07	-0.46
Investment in Securities	-276.32	381.47	-326.45	401.21	-386.24
Other Investing Activities	-41.51	-18.75	-0.27	2.54	4.7
Investing Cash Flow	-327.29	341.1	-331.42	398.92	-382.74
Long-Term Debt Repaid	-0.77	-0.76	-2.27	-2.59	-2.63
Net Debt Issued (Repaid)	-0.77	-0.76	-2.27	-2.59	-2.63
Issuance of Common Stock	-	1,021	-	-	94.64
Repurchase of Common Stock	-109.76	-	-	-	-
Common Dividends Paid	-533.41	-618.12	-684.82	-445.31	-368.6
Other Financing Activities	0.04	1.49	42.69	-	-
Financing Cash Flow	-643.9	404.04	-644.4	-447.89	-276.59
Foreign Exchange Rate Adjustments	-5.03	5.92	-8.95	15.17	-0.96
Net Cash Flow	-196.07	221.27	158.73	531.9	376.65
Free Cash Flow	777.24	-546.4	1,139	554.57	1,036
Free Cash Flow Growth	-	-	105.46%	-46.48%	232.12%
Free Cash Flow Margin	21.57%	-18.93%	39.73%	11.76%	39.14%
Free Cash Flow Per Share	11.68	-8.50	18.71	8.99	17.61
Cash Interest Paid	0.41	0.03	0.09	0.06	0.17
Cash Income Tax Paid	125.18	173.34	415.57	195.01	140.18
Levered Free Cash Flow	657.27	-314.45	621.45	670.22	516.25
Unlevered Free Cash Flow	657.53	-314.43	621.51	670.34	516.46
Change in Working Capital	5.73	-1,143	494.07	-854.44	386.94

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