Genotech Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2015	FY 2014	FY 2013	FY 2012	FY 2011
Period Ending	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012	Dec '11 Dec 31, 2011
Net Income	-1,321	-376.78	-2,226	407.28	399.23
Depreciation & Amortization	664.99	1,148	832.7	1,299	1,518
Asset Writedown & Restructuring Costs	-	-	830.8	-	65.2
Loss (Gain) From Sale of Investments	18.63	-	-	-	-
Provision & Write-off of Bad Debts	33.89	-87.1	15.51	-30.29	-27.08
Other Operating Activities	760.45	168.38	1,268	57.96	312.89
Change in Accounts Receivable	-258	84.03	-248.9	393.41	168.01
Change in Inventory	295.19	-214.13	-1,016	-1,099	-1,616
Change in Accounts Payable	66.45	32.44	-44.37	0	19.87
Change in Other Net Operating Assets	117.01	250.58	-304.48	-237.83	-454.74
Operating Cash Flow	377.41	1,005	-892.25	790.85	385.42
Operating Cash Flow Growth	-62.45%	-	-	105.19%	-53.79%
Capital Expenditures	-252.05	-121.29	-134.18	-181.46	-420.03
Sale of Property, Plant & Equipment	-	-	-	-	0
Sale (Purchase) of Intangibles	-66.59	-113.03	-13.26	-63.55	-233.96
Investment in Securities	48.9	-104.04	287.57	133.89	-415.49
Other Investing Activities	0.83	0.2	-	2.8	141.68
Investing Cash Flow	-268.92	-338.17	140.13	-108.32	-927.79
Short-Term Debt Issued	-	3,070	1,169	300	2,500
Long-Term Debt Issued	800	340	300	500	-
Total Debt Issued	800	3,410	1,469	800	2,500
Short-Term Debt Repaid	-400	-2,800	-468.64	-	-1,500
Long-Term Debt Repaid	-180	-1,260	-924.4	-1,822	-518.87
Total Debt Repaid	-580	-4,060	-1,393	-1,822	-2,019
Net Debt Issued (Repaid)	220	-649.96	75.6	-1,022	481.14
Issuance of Common Stock	600	-	-	-	-
Other Financing Activities	-0.4	-	-	-	-
Financing Cash Flow	819.6	-649.96	75.6	-1,022	481.14
Miscellaneous Cash Flow Adjustments	-	-0	-	-	-
Net Cash Flow	928.09	16.84	-676.51	-339.06	-61.23
Free Cash Flow	125.36	883.68	-1,026	609.39	-34.6
Free Cash Flow Growth	-85.81%	-	-	-	-
Free Cash Flow Margin	1.72%	13.70%	-16.33%	8.79%	-0.53%
Free Cash Flow Per Share	26.57	192.32	-240.21	142.14	-8.06
Cash Interest Paid	234.61	242.71	-	-	-
Levered Free Cash Flow	276.51	886.77	-546.13	704.64	-708.33
Unlevered Free Cash Flow	515.73	1,155	-377.74	900.53	-468.12
Change in Working Capital	220.65	152.91	-1,613	-943.32	-1,883

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