Honor Seiki 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	95.3	179.06	141.38
Depreciation & Amortization	34.43	34.89	35.4
Other Amortization	4.37	3.67	3.5
Loss (Gain) From Sale of Assets	-0.01	0.36	-0.39
Asset Writedown & Restructuring Costs	-1.62	24.32	4.23
Stock-Based Compensation	4.16	-	-
Provision & Write-off of Bad Debts	0.43	7.02	-5.08
Other Operating Activities	-2.35	-0.11	32.09
Change in Accounts Receivable	211.99	-152.7	20.15
Change in Inventory	-71.14	316.53	9.45
Change in Accounts Payable	37.93	-61	-64.08
Change in Unearned Revenue	-41.17	-151.06	-23.41
Change in Other Net Operating Assets	-0.46	-24.94	15.45
Operating Cash Flow	271.84	176.05	168.68
Operating Cash Flow Growth	54.41%	4.37%	-
Capital Expenditures	-30.12	-10.76	-15.31
Sale of Property, Plant & Equipment	0.01	-	0.39
Sale (Purchase) of Intangibles	-0.92	-2.57	-
Other Investing Activities	66.18	-10.07	72.22
Investing Cash Flow	35.14	-23.4	57.3
Short-Term Debt Issued	584.94	397.85	838.75
Total Debt Issued	584.94	397.85	838.75
Short-Term Debt Repaid	-569.94	-417.84	-954.76
Long-Term Debt Repaid	-200.47	-14.38	-15.96
Total Debt Repaid	-770.41	-432.22	-970.72
Net Debt Issued (Repaid)	-185.47	-34.36	-131.97
Issuance of Common Stock	227.72	-	-
Repurchase of Common Stock	-	-	-60.89
Common Dividends Paid	-89.94	-69	-60.89
Other Financing Activities	-	-3	-10.84
Financing Cash Flow	-47.69	-106.37	-264.58
Net Cash Flow	259.29	46.29	-38.6
Free Cash Flow	241.72	165.29	153.37
Free Cash Flow Growth	46.24%	7.77%	-
Free Cash Flow Margin	24.11%	11.35%	11.39%
Free Cash Flow Per Share	6.22	4.70	4.10
Cash Interest Paid	3.31	7.74	10.01
Cash Income Tax Paid	42.79	65.91	24.76
Levered Free Cash Flow	275.36	58.2	-
Unlevered Free Cash Flow	277.29	62.65	-
Change in Working Capital	137.14	-73.16	-42.44