Korea Electric Power Corporation (KEP)

Korea Electric Power Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	8,666,656	3,621,968	-4,716,144	-24,429,108	-5,215,581
Depreciation & Amortization	13,788,791	13,997,355	13,032,263	12,461,412	11,942,492
Stock-Based Compensation	484,224	427,980	358,730	485,700	512,270
Other Adjustments	8,719,413	6,706,099	2,445,568	-5,765,691	2,023,470
Change in Receivables	-436,841	2,702	-1,484,134	-1,909,649	-216,734
Changes in Inventories	-1,566,800	-1,412,713	147,798	-3,000,669	-1,738,000
Changes in Accounts Payable	-957,469	109,214	-3,154,822	2,782,474	2,144,561
Changes in Accrued Expenses	-343,879	-508,199	-228,464	-191,681	-456,992
Changes in Other Operating Activities	-2,077,797	-1,981,449	-422,059	-1,193,085	-2,045,561
Operating Cash Flow	20,880,154	16,322,819	1,386,923	-23,477,580	4,491,878
Operating Cash Flow Growth	27.92%	1076.91%	-	-	-65.99%
Capital Expenditures	-15,834,139	-14,219,019	-13,908,213	-12,340,018	-12,086,726
Sale of Property, Plant & Equipment	467,623	402,603	309,627	629,924	277,398
Purchases of Intangible Assets	-103,490	-91,851	-74,812	-80,508	-113,100
Proceeds from Sale of Intangible Assets	4,606	428	153	279	-
Purchases of Investments	-4,341,542	-2,523,222	-3,722,222	-14,286,116	-5,893,404
Proceeds from Sale of Investments	3,677,329	2,615,341	4,389,228	14,182,348	7,023,674
Payments for Business Acquisitions	-2,099,417	-2,740	-25,840	-31,550	-636,602
Proceeds from Business Divestments	14,436	238,634	5,896	56,171	4,472
Other Investing Activities	-230,859	-1,062,736	-1,239,057	-1,668,548	-208,020
Investing Cash Flow	-18,445,453	-14,989,029	-15,077,851	-4,952,131	-12,372,320
Long-Term Debt Issued	24,863,481	23,273,068	21,837,041	43,594,078	17,199,177
Long-Term Debt Repaid	-27,752,673	-28,873,794	-15,892,443	-16,612,059	-9,360,357
Net Long-Term Debt Issued (Repaid)	-2,889,192	-5,600,726	5,944,598	26,982,019	7,838,820
Common Dividends Paid	-216,780	-125,000	-45,323	-58,423	-812,159
Other Financing Activities	471,371	-2,272,957	1,452,806	5,681,840	1,108,416
Financing Cash Flow	-2,634,601	-3,849,301	12,661,892	28,997,899	8,435,077
Effect of Exchange Rate Changes on Cash and Cash Equivalents	57,732	-2,066,292	1,110,287	566,640	-
Net Cash Flow	-142,168	-1,958,072	1,108,107	599,542	613,654
Free Cash Flow	5,046,015	2,103,800	-12,521,290	-35,817,598	-7,594,848
Free Cash Flow Growth	139.85%	-	-	-	-
FCF Margin	5.18%	2.27%	-14.31%	-50.77%	-12.66%
Free Cash Flow Per Share	3930.14	1638.57	-9752.33	-27896.89	-5915.32
Levered Free Cash Flow	-1,213,829	-5,993,569	-3,305,043	1,071,344	383,013
Unlevered Free Cash Flow	3,099,216	1,815,350	-7,183,771	-24,753,529	-6,461,173

Updated Feb 26, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q