Capstone Partners Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,871	1,833	-4,315	6,124	5,659
Depreciation & Amortization	348.54	316.7	294.23	301.93	234.71
Other Amortization	145.72	162.45	380.49	493.88	276.06
Loss (Gain) From Sale of Investments	-202.84	-144.12	3.44	-848.24	661.48
Loss (Gain) on Equity Investments	-1,726	-516.67	6,210	-5,944	-4,703
Stock-Based Compensation	40.15	48.72	86.26	80.38	93.8
Change in Other Net Operating Assets	-6,262	-3,915	-744.96	-4,873	-5,827
Other Operating Activities	216.16	-671.91	1,308	784.19	1,654
Operating Cash Flow	-4,536	-2,880	3,223	-3,881	-1,951
Capital Expenditures	-1.49	-296.83	-3.99	-19.71	-22.2
Investment in Securities	7.71	-214	-1,023	-21.12	-60
Net Decrease (Increase) in Loans Originated / Sold - Investing	-230	-	30	50	-
Other Investing Activities	105.72	-245.28	17.73	-20.88	-17.73
Investing Cash Flow	127.22	-756.11	-979.71	-11.71	-99.93
Long-Term Debt Issued	-	-	488.06	3,284	5,599
Long-Term Debt Repaid	-	-	-1,840	-1,349	-629.17
Net Debt Issued (Repaid)	-	-	-1,352	1,935	4,970
Issuance of Common Stock	17.68	60.73	6,588	25.49	-
Total Dividends Paid	-366.51	-587.77	-109.21	-108.75	-108.75
Other Financing Activities	-281.93	-272.29	-586.43	-289.85	-207.45
Financing Cash Flow	-630.76	-799.33	4,541	1,561	4,654
Net Cash Flow	-5,039	-4,435	6,784	-2,331	2,603
Free Cash Flow	-4,537	-3,177	3,219	-3,900	-1,973
Free Cash Flow Margin	-42.42%	-33.33%	35.27%	-33.27%	-13.98%
Free Cash Flow Per Share	-319.26	-222.32	271.57	-291.70	-4512.54
Cash Interest Paid	116.83	139.23	306.08	188.79	95.25
Cash Income Tax Paid	221.59	894.54	256.06	848.99	47.46

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