Co-Tech Development 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	1,063	921.81	532.91	967.21	1,523
Depreciation & Amortization	90.37	95.82	123.14	172.51	201.26
Loss (Gain) From Sale of Assets	-2	-0.36	-	-0.07	5.33
Loss (Gain) From Sale of Investments	36.4	4.56	-20.33	14.41	-6.37
Stock-Based Compensation	10.31	-	-	-	-
Other Operating Activities	-9.26	29.46	114.35	-247.34	227.9
Change in Accounts Receivable	-614.33	-96.3	81.74	335.8	-426.77
Change in Inventory	-227.43	-15.77	-24.35	91.56	-287.69
Change in Accounts Payable	3.45	-28.88	-129.23	-233.87	329.49
Change in Other Net Operating Assets	12.43	2.14	2.99	-56.94	108.83
Operating Cash Flow	362.48	912.47	681.22	1,043	1,675
Operating Cash Flow Growth	-60.27%	33.95%	-34.70%	-37.72%	121.05%
Capital Expenditures	-499.65	-404.86	-695.82	-1,104	-795.07
Sale of Property, Plant & Equipment	2	0.36	-	0.2	0.73
Sale (Purchase) of Intangibles	-2.74	-0.64	-0.8	-0.88	-0.51
Investment in Securities	-290	-	-	-	-
Other Investing Activities	-1.86	2.49	41.95	0.93	0.43
Investing Cash Flow	-792.25	-402.66	-654.67	-1,104	-794.42
Short-Term Debt Issued	-	307.24	719.42	-	43.72
Total Debt Issued	-	307.24	719.42	-	43.72
Short-Term Debt Repaid	-428.99	-	-151.84	-15.9	-
Long-Term Debt Repaid	-2.58	-1.76	-57.04	-112.75	-112.98
Total Debt Repaid	-431.57	-1.76	-208.88	-128.65	-112.98
Net Debt Issued (Repaid)	-431.57	305.48	510.55	-128.65	-69.26
Issuance of Common Stock	4	-	-	-	-
Repurchase of Common Stock	-9.32	-	-	-	-
Common Dividends Paid	-378.88	-378.88	-631.47	-1,061	-505.18
Financing Cash Flow	-815.77	-73.41	-120.92	-1,190	-574.43
Foreign Exchange Rate Adjustments	-0.05	0.12	-0.07	0.1	0.06
Net Cash Flow	-1,246	436.53	-94.45	-1,250	306.43
Free Cash Flow	-137.17	507.61	-14.61	-60.82	880.15
Free Cash Flow Growth	-	-	-	-	32.65%
Free Cash Flow Margin	-1.74%	7.44%	-0.24%	-0.82%	9.87%
Free Cash Flow Per Share	-0.54	2.01	-0.06	-0.24	3.48
Cash Interest Paid	25.1	29.53	7.32	5.25	6.13
Cash Income Tax Paid	262.63	187.64	30.89	488.6	167.82
Levered Free Cash Flow	-236.77	145.18	-137.39	-252.19	608.24
Unlevered Free Cash Flow	-225.36	166.74	-129.53	-248.87	612.01
Change in Working Capital	-825.89	-138.81	-68.86	136.55	-276.14

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