CNSLINK Co,. 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
Period Ending	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014
Net Income	525.67	465.97
Depreciation & Amortization	451.02	359.27
Provision & Write-off of Bad Debts	4.76	19.89
Other Operating Activities	-0.67	-4.06
Change in Accounts Receivable	292.64	367.44
Change in Inventory	-526.72	341.59
Change in Accounts Payable	143.15	-322.95
Change in Other Net Operating Assets	64.52	-115.43
Operating Cash Flow	954.38	1,112
Operating Cash Flow Growth	-14.15%	-
Capital Expenditures	-106.13	-143.83
Cash Acquisitions	-	-136.39
Sale (Purchase) of Intangibles	-514.86	-611.18
Investment in Securities	-93.86	-43.81
Other Investing Activities	-65.92	0.32
Investing Cash Flow	-795.17	-934.9
Short-Term Debt Issued	-	3,239
Total Debt Issued	-	3,239
Short-Term Debt Repaid	-	-3,187
Long-Term Debt Repaid	-191.5	-30
Total Debt Repaid	-191.5	-3,217
Net Debt Issued (Repaid)	-191.5	21.17
Financing Cash Flow	-191.5	21.17
Miscellaneous Cash Flow Adjustments	-	-0
Net Cash Flow	-32.29	197.98
Free Cash Flow	848.25	967.88
Free Cash Flow Growth	-12.36%	-
Free Cash Flow Margin	3.90%	4.64%
Free Cash Flow Per Share	14138.85	16132.88
Levered Free Cash Flow	97.79	-
Unlevered Free Cash Flow	177.38	-
Change in Working Capital	-26.41	270.65

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