HLB SCIENCE Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2019	FY 2018
Period Ending	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Net Income	-2,547	-1,114
Depreciation & Amortization	182.64	83.35
Asset Writedown & Restructuring Costs	27.83	-
Stock-Based Compensation	58.57	-
Other Operating Activities	12.23	9.72
Change in Other Net Operating Assets	74.87	-70.54
Operating Cash Flow	-2,191	-1,092
Capital Expenditures	-202.32	-219.44
Sale (Purchase) of Intangibles	-	-29.17
Investment in Securities	-5,500	-
Investing Cash Flow	-5,702	-248.61
Short-Term Debt Issued	2,500	-
Total Debt Issued	2,500	-
Short-Term Debt Repaid	-2,500	-
Total Debt Repaid	-2,500	-
Issuance of Common Stock	7,665	495.55
Financing Cash Flow	7,665	495.55
Miscellaneous Cash Flow Adjustments	-	-0
Net Cash Flow	-228.01	-844.92
Free Cash Flow	-2,393	-1,311
Free Cash Flow Per Share	-531.81	-561.28
Levered Free Cash Flow	-1,428	-
Unlevered Free Cash Flow	-1,422	-
Change in Working Capital	74.87	-70.54

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