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Consolidated Statements of Cash Flows - KRW (₩)
₩ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Profit (loss) for the year ₩ (3,195,585) ₩ 1,333,544 ₩ (76,147)
Adjustments for:      
Income tax expense (benefit) (237,785) 385,341 (526,299)
Depreciation and amortization 4,557,457 4,500,701 4,134,027
Gain on foreign currency translation (702,144) (74,125) (296,870)
Loss on foreign currency translation 449,980 193,095 217,287
Expenses related to defined benefit plans 168,260 144,241 160,669
Gain on disposal of property, plant and equipment (25,737) (19,367) (37,835)
Loss on disposal of property, plant and equipment 54,432 64,350 60,294
Impairment loss on property, plant and equipment 1,260,436 19,085 38,494
Including: Inventory write-downs 245,619 224,576 213,932
Reversal of impairment loss on property, plant and equipment (3,181) (1,121) 0
Gain on disposal of intangible assets   (196) (111)
Loss on disposal of intangible assets 193   368
Impairment loss on intangible assets 136,372 29,488 79,593
Reversal of impairment loss on intangible assets (1,975) (1,152) (1,110)
Impairment loss on investments property 7,736    
Expense on increase of provisions 253,075 216,873 308,334
Finance income (607,501) (352,423) (331,723)
Finance costs 781,205 832,596 612,164
Equity in income of equity method accounted investees, net (5,558) (7,780) (12,545)
Loss on liquidation of investments in subsidiaries     72,654
Other income (1,681)   (11,485)
Other expenses   15,538  
Adjustments for reconcile of profit and loss 2,887,999 7,278,688 4,389,759
Trade accounts and notes receivable 1,833,491 (964,130) (935,888)
Other accounts receivable (55,073) 20,395 63,192
Inventories 390,672 (1,123,239) (128,495)
Lease receivables 7,684 4,765 6,428
Other current assets 435,838 107,679 175,486
Other non-current assets (10,125) (58,821) (58,641)
Trade accounts and notes payable (282,082) 1,037,950 1,387,084
Other accounts payable (625,606) 72,640 (1,152,786)
Accrued expenses (514,500) 580,404 (9,704)
Provisions (259,969) (237,601) (277,876)
Advances received (1,977) (268,074) (408,900)
Other current liabilities (4,188) 9,100 (40,200)
Defined benefit liabilities, net (381,405) (208,199) (109,801)
Other non-current liabilities 167,868 11,144 12,973
Cash generated from operating activities 3,588,627 6,262,701 2,912,631
Income taxes paid (153,969) (118,305) (156,997)
Interests received 77,219 79,188 75,424
Interests paid (500,857) (470,138) (552,274)
Net cash provided by operating activities 3,011,020 5,753,446 2,278,784
Cash flows from investing activities:      
Dividends received 4,461 4,068 8,239
Increase in deposits in banks (1,769,668) (694,313) (78,452)
Proceeds from withdrawal of deposits in banks 756,267 77,152 78,557
Acquisition of financial assets at fair value through profit or loss (27,100) (34,418) (3,227)
Proceeds from disposal of financial assets at fair value through profit or loss 412 5,226 99
Acquisition of financial assets at fair value through other comprehensive income (3,934)    
Proceeds from disposal of financial assets at fair value through other comprehensive income 3,547 24 6
Proceeds from disposal of investments in equity accounted investees 4,800 4,363 2,400
Acquisition of property, plant and equipment (5,079,279) (3,141,430) (2,595,381)
Proceeds from disposal of property, plant and equipment 171,421 65,711 446,193
Acquisition of intangible assets (830,583) (635,805) (353,313)
Proceeds from disposal of intangible assets 11,392 2,946 16,996
Asset-related government grants received 57,503 85,983 118,341
Proceeds from settlement of derivatives 49,145 8,344 24,468
Increase in short-term loans (9,643)    
Proceeds from collection of short-term loans 9,608 14,533 13,720
Increase in long-term loans (54,033) (26,473)  
Increase in deposits (2,676) (7,145) (2,084)
Decrease in deposits 6,727 8,154 1,286
Proceeds from disposal of other assets 1,464   11,000
Net cash used in investing activities (6,700,169) (4,263,080) (2,311,152)
Cash flows from financing activities:      
Proceeds from short-term borrowings 4,487,824 2,573,757 2,238,806
Repayments of short-term borrowings (2,565,541) (2,425,117) (2,506,420)
Proceeds from issuance of bonds 443,230 498,027 49,949
Proceeds from long-term borrowings 4,165,508 1,298,346 2,329,013
Repayments of current portion of long-term borrowings and bonds (4,209,915) (4,344,208) (1,278,199)
Repayment of lease liabilities (82,296) (66,941) (62,200)
Dividends paid (232,580)    
Capital contribution from non-controlling interests     172,966
Subsidiaries' dividends distributed to non-controlling interests (60,206)   (12,086)
Net cash provided by (used in) financing activities 1,946,024 (2,466,136) 931,829
Net increase (decrease) in cash and cash equivalents (1,743,125) (975,770) 899,461
Beginning Balance 3,541,597 4,218,099 3,336,003
Effect of exchange rate fluctuations on cash held 26,177 299,268 (17,365)
Ending Balance ₩ 1,824,649 ₩ 3,541,597 ₩ 4,218,099