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Consolidated Statements of Cash Flows - KRW (₩)
₩ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Profit (loss) for the year ₩ (2,576,729) ₩ (3,195,585) ₩ 1,333,544
Adjustments for:      
Income tax expense (benefit) (762,712) (237,785) 385,341
Depreciation and amortization 4,213,742 4,557,457 4,500,701
Gain on foreign currency translation (313,378) (702,144) (74,125)
Loss on foreign currency translation 241,701 449,980 193,095
Expenses related to defined benefit plans 149,937 168,260 144,241
Gain on disposal of property, plant and equipment (34,961) (25,737) (19,367)
Loss on disposal of property, plant and equipment 102,453 54,432 64,350
Impairment loss on property, plant and equipment 60,072 1,260,436 19,085
Reversal of impairment loss on property, plant and equipment (7) (3,181) (1,121)
Gain on disposal of intangible assets (1,989)   (196)
Loss on disposal of intangible assets 55 193  
Impairment loss on intangible assets 54,833 136,372 29,488
Reversal of impairment loss on intangible assets (242) (1,975) (1,152)
Impairment loss on investment property   7,736  
Expense on increase of provisions 101,846 253,075 216,873
Finance income (594,944) (607,501) (352,423)
Finance costs 1,162,598 781,205 832,596
Equity in income of equity method accounted investees, net 3,061 (5,558) (7,780)
Other income (7,030) (1,681)  
Other expenses     15,538
Adjustments for reconcile of profit and loss 1,798,306 2,887,999 7,278,688
Trade accounts and notes receivable (1,013,938) 1,833,491 (964,130)
Other accounts receivable 32,173 (55,073) 20,395
Inventories 336,993 390,672 (1,123,239)
Lease receivables 7,204 7,684 4,765
Other current assets 92,983 435,838 107,679
Other non-current assets 1,151 (10,125) (58,821)
Trade accounts and notes payable 323,548 (282,082) 1,037,950
Other accounts payable (47,798) (625,606) 72,640
Accrued expenses (47,088) (514,500) 580,404
Provisions (179,969) (259,969) (237,601)
Advances received (19,461) (1,977) (268,074)
Other current liabilities (33,367) (4,188) 9,100
Defined benefit liabilities, net (45,123) (381,405) (208,199)
Long-term advances received 1,580,222    
Other non-current liabilities 33,493 167,868 11,144
Cash generated from operating activities 2,819,329 3,588,627 6,262,701
Income taxes paid (290,102) (153,969) (118,305)
Interests received 144,402 77,219 79,188
Interests paid (990,881) (500,857) (470,138)
Net cash provided by operating activities 1,682,748 3,011,020 5,753,446
Cash flows from investing activities:      
Dividends received 15,200 4,461 4,068
Increase in deposits in banks (943,166) (1,769,668) (694,313)
Proceeds from withdrawal of deposits in banks 1,785,231 756,267 77,152
Acquisition of financial assets at fair value through profit or loss (4,615) (27,100) (34,418)
Proceeds from disposal of financial assets at fair value through profit or loss 546 412 5,226
Acquisition of financial assets at fair value through other comprehensive income (3,000) (3,934)  
Proceeds from disposal of financial assets at fair value through other comprehensive income 2,671 3,547 24
Proceeds from disposal of investments in equity accounted investees   4,800 4,363
Acquisition of property, plant and equipment (3,482,754) (5,079,279) (3,141,430)
Proceeds from disposal of property, plant and equipment 485,659 171,421 65,711
Acquisition of intangible assets (672,076) (830,583) (635,805)
Proceeds from disposal of intangible assets 6,328 11,392 2,946
Asset-related government grants received 7,417 57,503 85,983
Proceeds from settlement of derivatives, net 178,610 49,145 8,344
Increase in short-term loans   (9,643)  
Proceeds from collection of short-term loans 27,411 9,608 14,533
Increase in long-term loans   (54,033) (26,473)
Increase in deposits (3,992) (2,676) (7,145)
Decrease in deposits 4,535 6,727 8,154
Proceeds from disposal of other assets 6,659 1,464  
Net cash used in investing activities (2,589,336) (6,700,169) (4,263,080)
Cash flows from financing activities:      
Proceeds from short-term borrowings 6,729,725 4,487,824 2,573,757
Repayments of short-term borrowings (7,446,111) (2,565,541) (2,425,117)
Proceeds from issuance of bonds 469,266 443,230 498,027
Proceeds from long-term borrowings 4,765,524 4,165,508 1,298,346
Repayments of current portion of long-term borrowings and bonds (3,059,960) (4,209,915) (4,344,208)
Repayment of lease liabilities (73,483) (82,296) (66,941)
Dividends paid   (232,580)  
Subsidiaries' dividends distributed to non-controlling interests (34,098) (60,206)  
Net cash provided by (used in) financing activities 1,350,863 1,946,024 (2,466,136)
Net increase (decrease) in cash and cash equivalents 444,275 (1,743,125) (975,770)
Beginning Balance 1,824,649 3,541,597 4,218,099
Effect of exchange rate fluctuations on cash held (11,402) 26,177 299,268
Ending Balance ₩ 2,257,522 ₩ 1,824,649 ₩ 3,541,597