Hotai Leasing Cash Flow Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Net Income	888.31	886.63	1,075
Depreciation & Amortization	12,826	12,815	12,114
Loss (Gain) From Sale of Assets	0.39	-1.59	2.5
Asset Writedown & Restructuring Costs	36.82	21.51	-62.42
Loss (Gain) on Equity Investments	10.85	-20.05	-276.1
Other Operating Activities	224.38	213.39	126.92
Change in Accounts Receivable	-1,175	-1,122	-1,282
Change in Inventory	7,723	7,437	7,610
Change in Accounts Payable	-106.81	-176.96	63.96
Change in Other Net Operating Assets	145.09	106.52	22.39
Operating Cash Flow	20,577	20,159	19,394
Operating Cash Flow Growth	6.25%	3.94%	-
Capital Expenditures	-19,873	-21,254	-22,363
Sale of Property, Plant & Equipment	21.73	34.57	57.92
Cash Acquisitions	-	-	-413.85
Sale (Purchase) of Intangibles	94.11	-48.27	-
Other Investing Activities	-189.19	-113.44	114.54
Investing Cash Flow	-19,946	-21,381	-22,604
Short-Term Debt Issued	-	63,833	107,561
Long-Term Debt Issued	-	1,200	800
Total Debt Issued	60,978	65,033	108,361
Short-Term Debt Repaid	-	-61,720	-102,089
Long-Term Debt Repaid	-	-2,111	-3,753
Total Debt Repaid	-61,201	-63,831	-105,842
Net Debt Issued (Repaid)	-222.91	1,203	2,520
Common Dividends Paid	-924.13	-924.13	-673.85
Other Financing Activities	405.56	941.93	1,527
Financing Cash Flow	-741.49	1,220	3,373
Net Cash Flow	-111.16	-2.05	162.74
Free Cash Flow	703.67	-1,095	-2,969
Free Cash Flow Margin	2.35%	-3.69%	-10.21%
Free Cash Flow Per Share	3.65	-5.68	-15.35
Cash Interest Paid	-	616.84	578.55
Cash Income Tax Paid	-	43.94	55.78
Levered Free Cash Flow	-	-3,386	-
Unlevered Free Cash Flow	-	-3,381	-
Change in Working Capital	6,586	6,244	6,415