Progen Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Net Income	-15,251	-6,488	10,534	-6,301	573.77
Depreciation & Amortization	1,058	191.03	44.4	64.83	1,534
Loss (Gain) From Sale of Assets	11.16	-	11.8	18.35	-
Loss (Gain) From Sale of Investments	6,661	3,631	-13,562	2,553	-6,206
Other Operating Activities	606.43	305.35	350.35	593.83	463.58
Change in Income Taxes	-	-69.82	69.82	-120.47	120.47
Change in Other Net Operating Assets	1,760	-1,145	253.7	-18.55	-286.06
Operating Cash Flow	-5,155	-3,576	-2,298	-3,210	-3,801
Capital Expenditures	-7,870	-11,453	-4,672	-751.42	-206.15
Sale of Property, Plant & Equipment	21.34	-	-	150	-
Sale (Purchase) of Intangibles	-	-	-	-8	-
Sale (Purchase) of Real Estate	-751.69	-46.14	-174.27	-	-7,412
Investment in Securities	648.68	-1,259	10,341	-1,493	16,471
Other Investing Activities	299.94	-	-140.58	-117.27	-74.45
Investing Cash Flow	-7,543	-10,812	3,136	-2,220	8,778
Short-Term Debt Issued	4,400	6,000	4,490	4,000	3,400
Long-Term Debt Issued	6,553	10,946	-	-	-
Total Debt Issued	10,953	16,946	4,490	4,000	3,400
Short-Term Debt Repaid	-399.97	-2,500	-6,990	-1,500	-12,900
Long-Term Debt Repaid	-450	-	-	-	-2,241
Total Debt Repaid	-849.97	-2,500	-6,990	-1,500	-15,141
Net Debt Issued (Repaid)	10,103	14,446	-2,500	2,500	-11,741
Issuance of Common Stock	2,499	-	-	-	11,022
Other Financing Activities	-0	-	-	-76.3	77.5
Financing Cash Flow	12,601	14,446	-2,500	2,424	-641.44
Miscellaneous Cash Flow Adjustments	-	-	-0	0	-
Net Cash Flow	-96.95	58.27	-1,662	-3,006	4,336
Free Cash Flow	-13,025	-15,029	-6,970	-3,961	-4,007
Free Cash Flow Margin	-2894.51%	-1090.09%	-447.36%	-1131.81%	-16027.53%
Free Cash Flow Per Share	-2824.41	-3599.49	-1805.07	-10257.48	-4525.29
Levered Free Cash Flow	-16,893	-4,892	-7,296	-3,077	-2,411
Unlevered Free Cash Flow	-16,167	-4,741	-7,065	-2,796	-1,996
Change in Working Capital	1,760	-1,215	323.52	-139.02	-165.58

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