Horng Terng Automation 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	518.75	293.54	160.45	389.76	262.57
Depreciation & Amortization	29.69	25.12	24.08	21.83	16.27
Loss (Gain) From Sale of Assets	-0.12	-	-	-0.24	-0.1
Asset Writedown & Restructuring Costs	-3.87	-	-	-	-
Stock-Based Compensation	5.28	-	1.63	-	-
Provision & Write-off of Bad Debts	2.41	-25.5	17.7	4.1	11.86
Other Operating Activities	103.6	15.88	-47.75	30.41	24.68
Change in Accounts Receivable	-65	-53.44	-17.05	85.5	69.49
Change in Inventory	-356.09	-197.8	44.77	48.43	-244.54
Change in Accounts Payable	146.43	52.51	51.69	-166.6	137.53
Change in Unearned Revenue	149.6	185.51	27.53	142.84	120.16
Change in Other Net Operating Assets	66.77	20.07	-52.19	11.01	17.34
Operating Cash Flow	597.45	315.89	210.85	567.05	415.27
Operating Cash Flow Growth	89.13%	49.81%	-62.81%	36.55%	-
Capital Expenditures	-50.32	-16.26	-21.75	-14.77	-11.46
Sale of Property, Plant & Equipment	0.67	-	-	0.67	0.1
Sale (Purchase) of Intangibles	-6.13	-4.35	-1.21	-4.05	-5
Investment in Securities	-676.34	-200.68	38.93	334.11	-285.15
Other Investing Activities	-4.11	1.22	1.23	1.55	-0.06
Investing Cash Flow	-736.24	-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	-7.28	-7.99	-8.4	-24.03	-9.62
Total Debt Repaid	-7.28	-7.99	-88.4	-204.03	-9.62
Net Debt Issued (Repaid)	-7.28	-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	733.82	-154.46	-220.8	-459.03	102.01
Foreign Exchange Rate Adjustments	2.76	0.52	-0.27	0.19	0.74
Net Cash Flow	597.79	-58.13	6.98	425.71	216.45
Free Cash Flow	547.13	299.63	189.1	552.28	403.81
Free Cash Flow Growth	82.60%	58.45%	-65.76%	36.77%	-
Free Cash Flow Margin	29.43%	26.17%	21.34%	43.40%	34.04%
Free Cash Flow Per Share	21.58	12.21	7.70	28.67	21.14
Cash Interest Paid	0.41	0.19	0.5	4.44	2.24
Cash Income Tax Paid	46.67	72.91	101.75	101.25	55.59
Levered Free Cash Flow	454.02	213.13	163.94	667.77	-
Unlevered Free Cash Flow	454.28	213.25	164.24	670.45	-
Change in Working Capital	-58.3	6.85	54.75	121.19	99.98

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