Innovid Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	76.73	15.02	-0.48	885.48
Depreciation & Amortization	3,241	3,139	3,639	3,635
Loss (Gain) From Sale of Assets	-1.82	-2.6	-5.09	-2.44
Loss (Gain) From Sale of Investments	-324.43	48.8	-	-29.55
Provision & Write-off of Bad Debts	108.93	30.04	22.87	55.39
Other Operating Activities	490.93	158.7	240.11	359.85
Change in Accounts Receivable	-993.71	28.76	-993.52	3,047
Change in Inventory	-6,580	-2,004	2,549	-3,101
Change in Accounts Payable	5,271	393.82	-5,255	-1,447
Change in Income Taxes	-59.61	85.19	30.69	-182.17
Change in Other Net Operating Assets	207.51	-269.33	-1,844	-2,082
Operating Cash Flow	1,436	1,624	-1,617	1,138
Operating Cash Flow Growth	-11.56%	-	-	-
Capital Expenditures	-732.29	-3,111	-3,422	-2,765
Sale of Property, Plant & Equipment	16.39	2.6	-	7.62
Sale (Purchase) of Intangibles	-	-366.45	-24	-914.9
Sale (Purchase) of Real Estate	-	-	-	-84.27
Investment in Securities	-183.67	-125.64	-65.55	-55.53
Other Investing Activities	-1,528	-87.91	-1,385	-868.77
Investing Cash Flow	-2,428	-3,569	-4,194	-4,644
Short-Term Debt Issued	8,597	10,438	11,604	11,838
Long-Term Debt Issued	1,588	304.72	3,110	3,100
Total Debt Issued	10,185	10,743	14,713	14,938
Short-Term Debt Repaid	-8,661	-8,273	-8,912	-8,745
Long-Term Debt Repaid	-663.29	-583.68	-1,132	-1,308
Total Debt Repaid	-9,324	-8,857	-10,043	-10,053
Net Debt Issued (Repaid)	860.46	1,886	4,670	4,884
Other Financing Activities	-0	-0	0	0
Financing Cash Flow	860.46	1,886	4,670	4,884
Foreign Exchange Rate Adjustments	-7.47	162.95	-147.1	-
Net Cash Flow	-138.49	104.77	-1,288	1,379
Free Cash Flow	704.05	-1,487	-5,039	-1,627
Free Cash Flow Margin	1.65%	-3.85%	-10.91%	-3.17%
Free Cash Flow Per Share	403.73	-891.16	-	-1061.99
Levered Free Cash Flow	-1,564	-2,538	-6,124	-
Unlevered Free Cash Flow	-488.6	-1,865	-5,630	-
Change in Net Working Capital	3,859	1,942	6,182	-

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