TL Engineering Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2021	FY 2020
Period Ending	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	517.2	428.86
Depreciation & Amortization	47.31	17.49
Loss (Gain) From Sale of Investments	-25.13	-
Other Operating Activities	109.37	-83.07
Change in Accounts Receivable	968.96	-2,446
Change in Inventory	-	485.36
Change in Accounts Payable	-1,282	1,396
Change in Income Taxes	7.19	3.53
Change in Other Net Operating Assets	-226.58	-162
Operating Cash Flow	115.97	-360.09
Capital Expenditures	-358.63	-131.55
Sale of Property, Plant & Equipment	0.24	-
Sale (Purchase) of Intangibles	-36	-6
Investment in Securities	96.87	54.32
Other Investing Activities	4.21	0.17
Investing Cash Flow	-293.31	-93.49
Short-Term Debt Issued	1,860	797.79
Long-Term Debt Issued	471.27	-
Total Debt Issued	2,331	797.79
Short-Term Debt Repaid	-1,578	-480
Total Debt Repaid	-1,578	-480
Net Debt Issued (Repaid)	753.48	317.79
Issuance of Common Stock	-	65
Dividends Paid	-39.9	-39.9
Financing Cash Flow	713.58	342.89
Miscellaneous Cash Flow Adjustments	0	-
Net Cash Flow	536.24	-110.69
Free Cash Flow	-242.66	-491.64
Free Cash Flow Margin	-2.76%	-4.65%
Free Cash Flow Per Share	-202.22	-409.26
Levered Free Cash Flow	-313.53	-
Unlevered Free Cash Flow	-276.52	-
Change in Working Capital	-532.78	-723.37

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