Ssial Food Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2016	FY 2015	FY 2014
Period Ending	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014
Net Income	202.22	-1,834	224.08
Depreciation & Amortization	545.99	500.23	447.44
Loss (Gain) From Sale of Assets	-	-	21.2
Asset Writedown & Restructuring Costs	-	30	-
Provision & Write-off of Bad Debts	9.85	41.28	24.35
Other Operating Activities	231.77	352.4	227.26
Change in Accounts Receivable	-522.81	-219.9	251.21
Change in Inventory	-182.03	-41.88	-959.96
Change in Accounts Payable	150.81	215.59	-28.04
Change in Income Taxes	-	-5.99	5.99
Change in Other Net Operating Assets	-89.08	-11.31	-13.32
Operating Cash Flow	346.72	-973.96	200.2
Capital Expenditures	-354.96	-1,819	-867.6
Sale of Property, Plant & Equipment	-	-	9.05
Sale (Purchase) of Intangibles	-101.52	-148.23	-221.74
Investment in Securities	-6	1,764	742.52
Other Investing Activities	10	-7.4	5
Investing Cash Flow	-452.48	-210.18	-332.77
Short-Term Debt Issued	180	1,002	1,200
Long-Term Debt Issued	200	2,374	1,000
Total Debt Issued	380	3,376	2,200
Short-Term Debt Repaid	-15.18	-	-500
Long-Term Debt Repaid	-594.32	-2,602	-1,746
Total Debt Repaid	-609.5	-2,602	-2,246
Net Debt Issued (Repaid)	-229.5	773.85	-46.44
Issuance of Common Stock	500	-	-
Other Financing Activities	11.9	-	-
Financing Cash Flow	282.4	773.85	-46.44
Miscellaneous Cash Flow Adjustments	-	-	0
Net Cash Flow	176.64	-410.29	-179.01
Free Cash Flow	-8.24	-2,793	-667.4
Free Cash Flow Margin	-0.08%	-27.71%	-7.85%
Free Cash Flow Per Share	-4.36	-1485.78	-354.44
Levered Free Cash Flow	-232.95	-2,365	-
Unlevered Free Cash Flow	-73.58	-2,213	-
Change in Working Capital	-643.11	-63.49	-744.13

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