TPIsoftware 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-251.4	-434.46	-20.15	-261.39
Depreciation & Amortization	44.02	30.14	29.91	25.79
Other Amortization	-	0.67	0.78	-
Loss (Gain) From Sale of Assets	3.62	-	0.78	0.14
Stock-Based Compensation	0.38	78.27	11.58	-
Provision & Write-off of Bad Debts	-8.78	32.48	4.25	0.48
Other Operating Activities	-0.17	0.76	1.53	12.16
Change in Accounts Receivable	77.7	49.97	-186.14	23.59
Change in Inventory	-	0.09	-	-
Change in Accounts Payable	33.87	-6.16	-28.99	51.58
Change in Unearned Revenue	16.35	5.33	-	-
Change in Other Net Operating Assets	-113.24	40.42	-5.31	-18.45
Operating Cash Flow	-197.66	-202.5	-191.76	-166.1
Capital Expenditures	-4.24	-8.81	-1.25	-2.68
Sale of Property, Plant & Equipment	-	-	-	0.09
Cash Acquisitions	-32.11	-	-	-
Sale (Purchase) of Intangibles	-29.04	-	-1.1	-0.36
Investment in Securities	-43.91	-59.06	33.4	-9.23
Other Investing Activities	-2.35	-17.96	5.86	6.11
Investing Cash Flow	-111.65	-85.83	36.92	-6.06
Short-Term Debt Issued	646	140	19.99	200.89
Total Debt Issued	646	140	19.99	200.89
Short-Term Debt Repaid	-343	-186.99	-387.99	-
Long-Term Debt Repaid	-20.45	-29.84	-56.02	-38.79
Total Debt Repaid	-363.45	-216.83	-444.01	-38.79
Net Debt Issued (Repaid)	282.55	-76.83	-424.03	162.1
Issuance of Common Stock	-	409.7	820.86	136.99
Repurchase of Common Stock	-117.9	-	-104.91	-
Other Financing Activities	-6.42	-3.32	-13.42	-10.89
Financing Cash Flow	158.23	329.56	278.51	288.21
Foreign Exchange Rate Adjustments	-2.33	-0.2	0.33	1.67
Net Cash Flow	-153.41	41.03	124	117.71
Free Cash Flow	-201.9	-211.3	-193.01	-168.78
Free Cash Flow Margin	-28.08%	-25.04%	-24.87%	-32.16%
Free Cash Flow Per Share	-0.36	-0.39	-0.49	-0.72
Cash Interest Paid	-	3.54	11.84	12.29
Cash Income Tax Paid	-	0.36	2.54	-0.02
Levered Free Cash Flow	-146.93	-33.33	-155.98	-
Unlevered Free Cash Flow	-143.03	-31.79	-149.85	-
Change in Working Capital	14.68	89.65	-220.44	56.72

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