GrandTech Cloud Services Cash Flow Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	95.47	67.57	63.01
Depreciation & Amortization	5.14	8.69	8.33
Other Amortization	0.65	0.72	0.59
Loss (Gain) From Sale of Assets	0.02	0.49	0.01
Stock-Based Compensation	0.72	-	0
Provision & Write-off of Bad Debts	0.24	0.05	-1.48
Other Operating Activities	10.2	7.51	11.89
Change in Accounts Receivable	-73.86	-41.5	-43.95
Change in Inventory	-19.75	13.78	-0.52
Change in Accounts Payable	24.7	64.31	39.64
Change in Unearned Revenue	0.67	-4.18	16.14
Change in Other Net Operating Assets	-86.8	-94.7	-114.02
Operating Cash Flow	-42.61	22.74	-20.36
Capital Expenditures	-0.81	-7.62	-0.6
Sale of Property, Plant & Equipment	-	0.32	-
Sale (Purchase) of Intangibles	-	-0.03	-3.33
Investment in Securities	-0.36	-1.88	-
Other Investing Activities	1.82	0.58	9.91
Investing Cash Flow	0.65	-8.63	5.98
Short-Term Debt Issued	555	95	40
Total Debt Issued	555	95	40
Short-Term Debt Repaid	-455	-135	-
Long-Term Debt Repaid	-2.72	-6.49	-6.5
Total Debt Repaid	-457.72	-141.49	-6.5
Net Debt Issued (Repaid)	97.28	-46.49	33.5
Issuance of Common Stock	21.51	-	96
Common Dividends Paid	-30.58	-23.69	-1.68
Other Financing Activities	0.22	-5.27	-11.72
Financing Cash Flow	88.42	-75.44	116.1
Foreign Exchange Rate Adjustments	3.1	-0.14	2.05
Net Cash Flow	49.57	-61.47	103.77
Free Cash Flow	-43.42	15.12	-20.96
Free Cash Flow Margin	-3.04%	1.44%	-2.39%
Free Cash Flow Per Share	-1.85	0.65	-0.93
Cash Interest Paid	1.49	0.46	0.8
Cash Income Tax Paid	21.81	19.46	14.52
Levered Free Cash Flow	-14.45	19.3	-
Unlevered Free Cash Flow	-13.48	19.58	-
Change in Net Working Capital	94.3	36.78	-

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.