Hermes Testing Solutions 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	157.7	56.78	-210.41
Depreciation & Amortization	256.48	226.05	214.65
Loss (Gain) From Sale of Assets	0.19	0.19	-25.47
Stock-Based Compensation	20.57	19.28	16.53
Provision & Write-off of Bad Debts	2.81	-3.89	0.79
Other Operating Activities	23.94	-4.09	3.09
Change in Accounts Receivable	-86.32	-134.82	-6.33
Change in Inventory	-176.21	-120.65	93.3
Change in Accounts Payable	121.86	1.39	-9.77
Change in Unearned Revenue	12.25	53.82	8.18
Change in Other Net Operating Assets	25.76	23.32	6.06
Operating Cash Flow	359.02	117.39	90.61
Operating Cash Flow Growth	-	29.55%	-
Capital Expenditures	-199.33	-157.21	-141.99
Sale of Property, Plant & Equipment	-	-	26.54
Sale (Purchase) of Intangibles	-17.84	-18.74	-10.27
Investment in Securities	-21.58	-29.29	-
Other Investing Activities	-1.35	-0.74	-1.84
Investing Cash Flow	-240.1	-205.98	-127.57
Short-Term Debt Issued	-	9,240	7,480
Long-Term Debt Issued	-	125.19	-
Total Debt Issued	10,814	9,366	7,480
Short-Term Debt Repaid	-	-9,225	-7,480
Long-Term Debt Repaid	-	-53.38	-38.53
Total Debt Repaid	-10,869	-9,278	-7,519
Net Debt Issued (Repaid)	-54.76	87.25	-38.53
Issuance of Common Stock	63.21	29.87	7.38
Financing Cash Flow	8.45	117.12	-31.15
Foreign Exchange Rate Adjustments	1.53	-1.6	0.77
Net Cash Flow	128.91	26.93	-67.33
Free Cash Flow	159.69	-39.82	-51.38
Free Cash Flow Margin	8.21%	-2.49%	-6.35%
Free Cash Flow Per Share	6.92	-1.90	-2.57
Cash Interest Paid	13.73	12.65	9.44
Cash Income Tax Paid	0.09	5.15	0.31
Levered Free Cash Flow	-	-56.72	-
Unlevered Free Cash Flow	-	-48.15	-
Change in Working Capital	-102.66	-176.94	91.44