TOYO Co., Ltd. Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	37.15	40.5	9.89
Depreciation & Amortization	39.59	23.52	2.72
Stock-Based Compensation	13.7	0.61	-
Other Adjustments	4.19	-32	0.19
Change in Receivables	6.6	-18.12	-
Changes in Inventories	-63.36	15.88	-40.73
Changes in Accounts Payable	9.61	3.03	2.08
Changes in Accrued Expenses	13.23	-4.36	8.67
Changes in Income Taxes Payable	14.61	0.78	-
Changes in Unearned Revenue	84.29	-4.63	29.88
Changes in Other Operating Activities	-26.63	21.3	-25.24
Operating Cash Flow	132.99	46.51	-12.53
Operating Cash Flow Growth	185.95%	-	-
Capital Expenditures	-91.75	-44.04	-114.24
Other Investing Activities	-6.65	-	-
Investing Cash Flow	-98.4	-44.04	-114.24
Long-Term Debt Issued	68.68	70.66	105.61
Long-Term Debt Repaid	-63.24	-77.64	-
Net Long-Term Debt Issued (Repaid)	5.44	-6.98	105.61
Issuance of Common Stock	4	6.01	42.36
Net Common Stock Issued (Repurchased)	4	6.01	42.36
Other Financing Activities	-0.34	-1.12	-1.82
Financing Cash Flow	9.1	-2.09	146.15
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-1.97	-2.22	-2.45
Net Cash Flow	41.71	-1.85	16.93
Free Cash Flow	41.24	2.46	-126.77
Free Cash Flow Growth	1574.51%	-	-
FCF Margin	9.65%	1.39%	-203.23%
Free Cash Flow Per Share	1.36	0.08	-3.09
Levered Free Cash Flow	24.69	45.12	-21.36
Unlevered Free Cash Flow	21.35	20.17	-124.87

SEC Filings: 10-K · 10-Q