Horng Terng Automation 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
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
Net Income	425.27	293.54	160.45	389.76	262.57
Depreciation & Amortization	27.34	25.12	24.08	21.83	16.27
Loss (Gain) From Sale of Assets	-0.12	-	-	-0.24	-0.1
Stock-Based Compensation	5.28	-	1.63	-	-
Provision & Write-off of Bad Debts	4.73	-25.5	17.7	4.1	11.86
Other Operating Activities	64.4	15.88	-47.75	30.41	24.68
Change in Accounts Receivable	-215.17	-53.44	-17.05	85.5	69.49
Change in Inventory	-297.7	-197.8	44.77	48.43	-244.54
Change in Accounts Payable	62.34	52.51	51.69	-166.6	137.53
Change in Unearned Revenue	186.33	185.51	27.53	142.84	120.16
Change in Other Net Operating Assets	37.01	20.07	-52.19	11.01	17.34
Operating Cash Flow	299.72	315.89	210.85	567.05	415.27
Operating Cash Flow Growth	3.95%	49.81%	-62.81%	36.55%	-
Capital Expenditures	-48.58	-16.26	-21.75	-14.77	-11.46
Sale of Property, Plant & Equipment	0.67	-	-	0.67	0.1
Sale (Purchase) of Intangibles	-8.16	-4.35	-1.21	-4.05	-5
Investment in Securities	-401.18	-200.68	38.93	334.11	-285.15
Other Investing Activities	0.31	1.22	1.23	1.55	-0.06
Investing Cash Flow	-456.94	-220.07	17.19	317.51	-301.57
Short-Term Debt Issued	-	-	-	-	195
Total Debt Issued	-	-	-	-	195
Short-Term Debt Repaid	-	-	-80	-180	-
Long-Term Debt Repaid	-	-7.99	-8.4	-24.03	-9.62
Total Debt Repaid	-7.18	-7.99	-88.4	-204.03	-9.62
Net Debt Issued (Repaid)	-7.18	-7.99	-88.4	-204.03	185.38
Issuance of Common Stock	985.21	-	67.6	-	1.64
Common Dividends Paid	-244.12	-146.47	-200	-255	-85
Financing Cash Flow	733.92	-154.46	-220.8	-459.03	102.01
Foreign Exchange Rate Adjustments	-0.21	0.52	-0.27	0.19	0.74
Net Cash Flow	576.5	-58.13	6.98	425.71	216.45
Free Cash Flow	251.15	299.63	189.1	552.28	403.81
Free Cash Flow Growth	-5.53%	58.45%	-65.76%	36.77%	-
Free Cash Flow Margin	15.64%	26.17%	21.34%	43.40%	34.04%
Free Cash Flow Per Share	10.15	12.21	7.70	28.67	21.14
Cash Interest Paid	0.31	0.19	0.5	4.44	2.24
Cash Income Tax Paid	46.18	72.91	101.75	101.25	55.59
Levered Free Cash Flow	-	213.13	163.94	667.77	-
Unlevered Free Cash Flow	-	213.25	164.24	670.45	-
Change in Working Capital	-227.19	6.85	54.75	121.19	99.98

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