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	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	39.66	40.61	9.89	-1.12
Depreciation & Amortization	39.59	23.52	2.72	0.01
Other Amortization	0.17	0.17	0.18	0.18
Loss (Gain) From Sale of Assets	-	-	0.01	-
Stock-Based Compensation	13.7	0.61	-	-
Other Operating Activities	1.52	-32.29	-	-
Change in Accounts Receivable	6.6	-18.12	-	-
Change in Inventory	-63.36	15.88	-40.73	-
Change in Accounts Payable	9.61	3.03	2.08	4.79
Change in Unearned Revenue	84.29	-4.63	29.88	-
Change in Income Taxes	14.61	0.78	-	-
Change in Other Net Operating Assets	-13.4	16.93	-16.57	-37.39
Operating Cash Flow	132.99	46.51	-12.53	-33.53
Operating Cash Flow Growth	185.95%	-	-	-
Capital Expenditures	-91.75	-44.04	-114.24	-1.46
Cash Acquisitions	-6.65	-	-	-
Investing Cash Flow	-98.4	-44.04	-114.24	-1.46
Short-Term Debt Issued	12	5	93.57	-
Long-Term Debt Issued	56.68	65.66	12.03	-
Total Debt Issued	68.68	70.66	105.61	-
Short-Term Debt Repaid	-6	-38.09	-	-
Long-Term Debt Repaid	-57.24	-39.55	-	-
Total Debt Repaid	-63.24	-77.64	-	-
Net Debt Issued (Repaid)	5.44	-6.98	105.61	-
Issuance of Common Stock	4	6.01	42.36	45.84
Other Financing Activities	-0.34	-1.12	-1.82	-
Financing Cash Flow	9.1	-2.09	146.15	45.84
Foreign Exchange Rate Adjustments	-1.97	-2.22	-2.45	1.55
Net Cash Flow	41.71	-1.85	16.93	12.39
Free Cash Flow	41.24	2.46	-126.77	-35
Free Cash Flow Growth	1574.51%	-	-	-
Free Cash Flow Margin	9.65%	1.39%	-203.23%	-
Free Cash Flow Per Share	1.36	0.08	-3.09	-0.85
Cash Interest Paid	1.95	3.32	-	-
Cash Income Tax Paid	-0.94	-	-	-
Levered Free Cash Flow	63.52	-18.67	-96.34	-
Unlevered Free Cash Flow	65.59	-16.63	-94.3	-
Change in Working Capital	38.35	13.88	-25.33	-32.6

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q