Cronex.Co.,Ltd Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2014	FY 2013
Period Ending	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013
Net Income	101.17	16.54
Depreciation & Amortization	80.33	97.56
Other Operating Activities	28.46	24.85
Change in Accounts Receivable	-244.53	-35.2
Change in Inventory	25.29	-100.88
Change in Accounts Payable	0.9	11.53
Change in Income Taxes	1.61	-
Change in Other Net Operating Assets	-32.77	32.55
Operating Cash Flow	-39.55	46.95
Capital Expenditures	-13.81	-36.87
Sale (Purchase) of Intangibles	-79.42	-81.04
Other Investing Activities	-12.21	-7.3
Investing Cash Flow	-105.44	-125.21
Short-Term Debt Issued	200	-
Total Debt Issued	200	-
Short-Term Debt Repaid	-4.72	-182.01
Total Debt Repaid	-4.72	-182.01
Net Debt Issued (Repaid)	195.28	-182.01
Issuance of Common Stock	200	290
Financing Cash Flow	395.28	107.99
Miscellaneous Cash Flow Adjustments	-	-0
Net Cash Flow	250.29	29.73
Free Cash Flow	-53.36	10.08
Free Cash Flow Margin	-5.17%	1.25%
Free Cash Flow Per Share	-56.43	17.06
Levered Free Cash Flow	-203.6	-
Unlevered Free Cash Flow	-201.2	-
Change in Working Capital	-249.5	-92

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