Cash flow S-1 Corporation

Equities

A012750

KR7012750006

Communications & Networking

End-of-day quote Korea S.E. Other stock markets 2025-07-11			5-day change	1st Jan Change
71,300.00 ^KRW	-0.14%		+1.42%	+20.44%

May. 15	S-1 Corporation Reports Earnings Results for the First Quarter Ended March 31, 2025	CI
Apr. 28	S-1's Net Attributable Income Rises 3.4% in Q1	MT

1667f510.x4Z7jKXzoKSfg9e-xOXROF2uToQNB5DkaPOpLVOJ17g.hesX3MjLksrU7OD7oLWhABqeDcggXsmIPLXsY2Hm7vSt8j7H_LjQ4u_U7w

Published financial data: S-1 CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	2,223B	2,312B	2,468B	2,621B	2,805B
Other Revenues, Total	-	-	-10	-	-
Total Revenues	2,223B	2,312B	2,468B	2,621B	2,805B
Cost of Goods Sold, Total	1,672B	1,757B	1,877B	2,004B	2,165B
Gross Profit	551B	556B	591B	617B	640B
Selling General & Admin Expenses, Total	306B	328B	339B	355B	385B
Provision for Bad Debts	3.66B	2.68B	908M	1.57B	2.15B
R&D Expenses	12.12B	19.82B	21.55B	22.11B	25.12B
Depreciation & Amortization - (IS)	25.28B	25.51B	25.26B	25.24B	18.08B
Other Operating Expenses, Total	347B	376B	387B	404B	431B
Operating Income	204B	180B	204B	213B	209B
Interest Expense, Total	-1.06B	-927M	-982M	-1.38B	-978M
Interest And Investment Income	3.86B	4.17B	11.4B	20.7B	25.31B
Net Interest Expenses	2.81B	3.25B	10.42B	19.32B	24.33B
Income (Loss) On Equity Invest.	140M	118M	167M	70.05M	1.48B
Currency Exchange Gains (Loss)	-1.54B	2.01B	246M	-3.72B	524M
Other Non Operating Income (Expenses)	-16.34B	3.79B	2.93B	4.27B	-513M
EBT, Excl. Unusual Items	190B	189B	218B	233B	235B
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-2.15B	-18.09B	-17.13B	-16.28B	-13.67B
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	187B	171B	201B	216B	221B
Income Tax Expense	45.29B	41.75B	49.73B	26.78B	44.68B
Earnings From Continuing Operations	142B	129B	151B	189B	177B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	142B	129B	151B	189B	177B
Minority Interest	657K	781K	1.04M	-3.22M	13.56M
Net Income - (IS)	142B	129B	151B	189B	177B
Net Income to Common Incl Extra Items	142B	129B	151B	189B	177B
Net Income to Common Excl. Extra Items	142B	129B	151B	189B	177B
Per Share Items
Net EPS - Basic	4.2K	3.82K	4.47K	5.6K	5.23K
Basic EPS - Continuing Operations	4.2K	3.82K	4.47K	5.6K	5.23K
Basic Weighted Average Shares Outstanding	33.81M	33.81M	33.81M	33.81M	33.81M
Net EPS - Diluted	4.2K	3.82K	4.47K	5.6K	5.23K
Diluted EPS - Continuing Operations	4.2K	3.82K	4.47K	5.6K	5.23K
Diluted Weighted Average Shares Outstanding	33.81M	33.81M	33.81M	33.81M	33.81M
Normalized Basic EPS	3.5K	3.49K	4.03K	4.3K	4.35K
Normalized Diluted EPS	3.5K	3.49K	4.03K	4.3K	4.35K
Dividend Per Share	2.5K	2.5K	2.5K	2.7K	2.7K
Payout Ratio	59.49	65.53	55.97	44.61	51.64
Supplemental Items
EBITDA	370B	349B	375B	387B	382B
EBITA	204B	180B	204B	213B	209B
EBIT	204B	180B	204B	213B	209B
EBITDAR	373B	351B	378B	391B	385B
Effective Tax Rate - (Ratio)	24.17	24.45	24.77	12.38	20.18
Normalized Net Income	118B	118B	136B	145B	147B
Supplemental Operating Expense Items
Advertising Expense	22.53B	20.15B	20.46B	21.33B	21.05B
Selling and Marketing Expenses	46.55B	42.48B	42.64B	44.75B	45.19B
General and Administrative Expenses	3.33B	3.26B	3.1B	3.42B	3.46B
Research And Development Expense From Footnotes	12.12B	19.82B	21.55B	22.11B	25.12B
Net Rental Expense, Total	2.69B	2.58B	3.04B	4B	2.7B
Imputed Operating Lease Interest Expense	552M	363M	493M	1.03B	442M
Imputed Operating Lease Depreciation	2.13B	2.22B	2.55B	2.97B	2.26B

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	213B	219B	239B	242B	213B
Short Term Investments	300B	-	-	-	-
Trading Asset Securities, Total	-	372B	385B	483B	618B
Total Cash And Short Term Investments	513B	591B	624B	725B	831B
Accounts Receivable, Total	133B	135B	160B	175B	187B
Other Receivables	4.33B	4.72B	7.6B	16.27B	15.29B
Total Receivables	138B	140B	167B	192B	202B
Inventory	43.99B	16.08B	17.7B	16B	16.52B
Prepaid Expenses	67.72B	68.22B	79.15B	86.95B	88.56B
Other Current Assets, Total	35.4B	49.38B	62.07B	76.66B	83.45B
Total Current Assets	798B	864B	950B	1,097B	1,222B
Gross Property Plant And Equipment	1,248B	1,333B	1,383B	1,422B	1,450B
Accumulated Depreciation	-724B	-805B	-862B	-912B	-914B
Net Property Plant And Equipment	524B	528B	521B	510B	537B
Long-term Investments	30.35B	34.09B	32.15B	36.97B	34.5B
Goodwill	328B	328B	328B	328B	328B
Other Intangibles, Total	104B	91.83B	77.63B	69B	59.28B
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	2.35B	2.78B	1.32B	2.26B	4.27B
Deferred Charges Long-Term	18K	18K	18K	18K	18K
Other Long-Term Assets, Total	119B	124B	165B	136B	138B
Total Assets	1,907B	1,973B	2,076B	2,180B	2,323B
Liabilities
Accounts Payable, Total	106B	101B	118B	124B	141B
Accrued Expenses, Total	49.17B	51.56B	53.8B	57.43B	59.65B
Current Portion of Leases	18.36B	18.67B	20.53B	21.54B	18.28B
Current Income Taxes Payable	21.34B	17.68B	27.54B	13.97B	30.67B
Unearned Revenue Current, Total	15.62B	16.23B	18.41B	19.21B	17.58B
Other Current Liabilities	202B	212B	207B	233B	229B
Total Current Liabilities	413B	417B	445B	469B	497B
Long-Term Leases	37.26B	31.27B	26.41B	17.31B	38.33B
Unearned Revenue Non Current	14.22B	15.68B	16.78B	16.8B	15.11B
Pension & Other Post Retirement Benefits	997M	122M	-	8.49B	39.31B
Deferred Tax Liability Non Current	2.87B	6.2B	11.04B	14.49B	8.37B
Other Non Current Liabilities	54.21B	59.53B	53.7B	55.28B	64.25B
Total Liabilities	523B	530B	553B	582B	662B
Common Stock, Total	19B	19B	19B	19B	19B
Additional Paid In Capital	193B	193B	193B	193B	193B
Retained Earnings	1,324B	1,379B	1,461B	1,535B	1,596B
Treasury Stock	-156B	-156B	-156B	-156B	-156B
Comprehensive Income and Other	3.96B	8.12B	6.05B	6.62B	8.07B
Total Common Equity	1,384B	1,443B	1,523B	1,598B	1,661B
Minority Interest	25.32M	24.53M	23.5M	23.48M	9.92M
Total Equity	1,384B	1,443B	1,523B	1,598B	1,661B
Total Liabilities And Equity	1,907B	1,973B	2,076B	2,180B	2,323B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	33.81M	33.81M	33.81M	33.81M	33.81M
ECS Total Common Shares Outstanding	33.81M	33.81M	33.81M	33.81M	33.81M
Book Value / Share	40.94K	42.68K	45.04K	47.26K	49.12K
Tangible Book Value	952B	1,023B	1,117B	1,201B	1,273B
Tangible Book Value Per Share	28.15K	30.26K	33.04K	35.52K	37.66K
Total Debt	55.62B	49.93B	46.94B	38.85B	56.62B
Net Debt	-457B	-541B	-577B	-686B	-774B
Debt Equivalent Oper. Leases	21.49B	20.65B	24.33B	32.02B	21.6B
Minority Interest, Total (Incl. Fin. Div)	25.32M	24.53M	23.5M	23.48M	9.92M
Equity Method Investments, Total	2.53B	2.47B	2.46B	2.35B	-
Inventories - Finished Goods, Total	248M	-	-	-	-
Inventories - Others	43.74B	16.08B	17.7B	16B	16.52B
Land - (BS)	52.02B	30.01B	30.01B	30.01B	30.01B
Buildings, Total	94.72B	94.72B	95.01B	95.64B	95.64B
Machinery, Total	103B	105B	108B	106B	113B
Full Time Employees	6.71K	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	10.45B	5.56B	4.69B	4.5B	4.1B

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	142B	129B	151B	189B	177B
Depreciation & Amortization - CF	166B	169B	171B	175B	173B
Depreciation & Amortization, Total	166B	169B	171B	175B	173B
(Gain) Loss From Sale Of Asset	2.15B	18.14B	17.13B	16.28B	13.67B
(Gain) Loss on Sale of Investments - (CF)	-	-422M	29.13M	835M	1.55B
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-140M	-118M	-167M	-70.05M	-1.38B
Provision and Write-off of Bad Debts	3.66B	2.68B	908M	1.57B	2.15B
Other Operating Activities, Total	52.92B	36.06B	37.59B	36.04B	67.94B
Change In Accounts Receivable	4.27B	-4.24B	-24.52B	-10.73B	-12.54B
Change In Inventories	-19.83B	454M	-795M	1.7B	-294M
Change In Accounts Payable	-8.17B	-4.56B	3.41B	4.25B	13.45B
Change in Unearned Revenues	-1.26B	2.08B	3.28B	813M	-3.32B
Change in Other Net Operating Assets	4.85B	-14.81B	-81.62B	-46.36B	-54.1B
Cash from Operations	346B	333B	277B	368B	377B
Capital Expenditure	-141B	-156B	-137B	-155B	-156B
Sale of Property, Plant, and Equipment	113M	155M	90.83M	167M	373M
Divestitures	-	108M	-	-	-
Sale (Purchase) of Intangible assets	-399M	-380M	1.63B	-2.41B	-2.89B
Investment in Marketable and Equity Securities, Total	-87.55B	-71.95B	-14.58B	-103B	-136B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-1.5B	-	-	-	-
Other Investing Activities, Total	-10	4.34B	-1.76B	628M	-497M
Cash from Investing	-230B	-223B	-152B	-260B	-295B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-19.24B	-20.88B	-20.83B	-21.26B	-20.28B
Total Debt Repaid	-19.24B	-20.88B	-20.83B	-21.26B	-20.28B
Common & Preferred Stock Dividends Paid	-84.53B	-84.53B	-84.53B	-84.53B	-91.27B
Common & Preferred Stock Dividends Paid	-84.53B	-84.53B	-84.53B	-84.53B	-91.27B
Other Financing Activities, Total	-	-	-	-3.24M	-
Cash from Financing	-104B	-105B	-105B	-106B	-112B
Foreign Exchange Rate Adjustments	-184M	1.23B	-570M	612M	742M
Miscellaneous Cash Flow Adjustments	10	-	-20	-	20
Net Change in Cash	12.59B	5.73B	19.96B	3.01B	-28.81B
Supplemental Items
Cash Interest Paid	1.06B	927M	982M	1.38B	978M
Cash Income Tax Paid (Refund)	46.33B	41.51B	42.67B	28.8B	28.63B
Levered Free Cash Flow	195B	140B	136B	127B	155B
Unlevered Free Cash Flow	196B	140B	136B	128B	156B
Change In Net Working Capital	-43.34B	-15.11B	26.97B	21.62B	-11.07B
Net Debt Issued / Repaid	-19.24B	-20.88B	-20.83B	-21.26B	-20.28B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.9	5.79	6.3	6.25	5.81
Return on Total Capital	9.15	7.66	8.33	8.29	7.8
Return On Equity %	10.48	9.13	10.18	12.14	10.85
Return on Common Equity	10.48	9.13	10.18	12.14	10.85
Margin Analysis
Gross Profit Margin %	24.79	24.02	23.95	23.54	22.81
SG&A Margin	13.75	14.18	13.74	13.56	13.74
EBITDA Margin %	16.66	15.08	15.21	14.77	13.62
EBITA Margin %	9.2	7.77	8.27	8.11	7.46
EBIT Margin %	9.2	7.77	8.27	8.11	7.46
Income From Continuing Operations Margin %	6.39	5.58	6.12	7.23	6.3
Net Income Margin %	6.39	5.58	6.12	7.23	6.3
Net Avail. For Common Margin %	6.39	5.58	6.12	7.23	6.3
Normalized Net Income Margin	5.33	5.1	5.52	5.55	5.24
Levered Free Cash Flow Margin	8.79	6.05	5.5	4.85	5.54
Unlevered Free Cash Flow Margin	8.82	6.07	5.53	4.88	5.56
Asset Turnover
Asset Turnover	1.2	1.19	1.22	1.23	1.25
Fixed Assets Turnover	4.35	4.4	4.71	5.08	5.36
Receivables Turnover (Average Receivables)	16.22	17.22	16.73	15.64	15.47
Inventory Turnover (Average Inventory)	39.16	58.49	111.11	118.9	133.13
Short Term Liquidity
Current Ratio	1.93	2.07	2.14	2.34	2.46
Quick Ratio	1.58	1.75	1.78	1.95	2.08
Operating Cash Flow to Current Liabilities	0.84	0.8	0.62	0.79	0.76
Days Sales Outstanding (Average Receivables)	22.56	21.2	21.81	23.34	23.66
Days Outstanding Inventory (Average Inventory)	9.35	6.24	3.28	3.07	2.75
Average Days Payable Outstanding	24.06	21.91	21.31	22.04	22.4
Cash Conversion Cycle (Average Days)	7.85	5.53	3.79	4.37	4.01
Long Term Solvency
Total Debt/Equity	4.02	3.46	3.08	2.43	3.41
Total Debt / Total Capital	3.86	3.34	2.99	2.37	3.3
LT Debt/Equity	2.69	2.17	1.73	1.08	2.31
Long-Term Debt / Total Capital	2.59	2.09	1.68	1.06	2.23
Total Liabilities / Total Assets	27.4	26.87	26.63	26.68	28.5
EBIT / Interest Expense	193.16	193.77	207.92	153.64	214
EBITDA / Interest Expense	349.87	376.1	382.26	279.78	390.68
(EBITDA - Capex) / Interest Expense	217.1	208.22	242.77	167.47	231.45
Total Debt / EBITDA	0.15	0.14	0.13	0.1	0.15
Net Debt / EBITDA	-1.23	-1.55	-1.54	-1.77	-2.03
Total Debt / (EBITDA - Capex)	0.24	0.26	0.2	0.17	0.25
Net Debt / (EBITDA - Capex)	-1.99	-2.8	-2.42	-2.96	-3.42
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.34	4.01	6.72	6.19	7.02
Gross Profit, 1 Yr. Growth %	1.38	0.78	6.39	4.37	3.72
EBITDA, 1 Yr. Growth %	3.21	-5.84	7.62	3.16	-1.33
EBITA, 1 Yr. Growth %	3.88	-12.13	13.62	4.15	-1.58
EBIT, 1 Yr. Growth %	3.88	-12.13	13.62	4.15	-1.58
Earnings From Cont. Operations, 1 Yr. Growth %	-3.1	-9.22	17.09	25.46	-6.74
Net Income, 1 Yr. Growth %	-3.1	-9.22	17.09	25.46	-6.73
Normalized Net Income, 1 Yr. Growth %	-2.6	-0.37	15.39	6.72	1.1
Diluted EPS Before Extra, 1 Yr. Growth %	-3.1	-9.22	17.09	25.45	-6.73
Accounts Receivable, 1 Yr. Growth %	-5.3	1.46	18.08	9.86	6.66
Inventory, 1 Yr. Growth %	6.24	-63.45	10.08	-9.59	3.21
Net Property, Plant and Equip., 1 Yr. Growth %	5.51	0.69	-1.36	-2.03	5.18
Total Assets, 1 Yr. Growth %	6.22	3.48	5.2	5	6.57
Tangible Book Value, 1 Yr. Growth %	7.2	7.5	9.22	7.48	6.04
Common Equity, 1 Yr. Growth %	4.26	4.24	5.55	4.92	3.93
Cash From Operations, 1 Yr. Growth %	23.8	-3.79	-16.76	32.76	2.24
Capital Expenditures, 1 Yr. Growth %	-8.01	10.77	-12.02	13.48	0.18
Levered Free Cash Flow, 1 Yr. Growth %	27.27	-28.44	-2.86	-6.43	22.26
Unlevered Free Cash Flow, 1 Yr. Growth %	27.34	-28.39	-2.82	-6.22	21.91
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.96	3.67	5.36	6.46	6.6
Gross Profit, 2 Yr. CAGR %	0.37	1.08	3.55	5.38	4.05
EBITDA, 2 Yr. CAGR %	3.85	-1.42	0.67	5.37	0.89
EBITA, 2 Yr. CAGR %	1.33	-4.46	-0.08	8.78	1.24
EBIT, 2 Yr. CAGR %	1.33	-4.46	-0.08	8.78	1.24
Earnings From Cont. Operations, 2 Yr. CAGR %	17.47	-6.21	3.1	21.2	8.17
Net Income, 2 Yr. CAGR %	17.47	-6.21	3.1	21.2	8.17
Normalized Net Income, 2 Yr. CAGR %	-1.89	-1.49	7.22	10.97	3.87
Diluted EPS Before Extra, 2 Yr. CAGR %	17.47	-6.21	3.1	21.2	8.17
Accounts Receivable, 2 Yr. CAGR %	5.72	-1.98	9.45	13.89	8.24
Inventory, 2 Yr. CAGR %	1.21	-37.68	-36.57	-0.24	-3.4
Net Property, Plant and Equip., 2 Yr. CAGR %	6.86	3.07	-0.34	-1.7	1.51
Total Assets, 2 Yr. CAGR %	6.44	4.84	4.34	5.1	5.78
Tangible Book Value, 2 Yr. CAGR %	7.79	7.35	8.35	8.34	6.76
Common Equity, 2 Yr. CAGR %	4.72	4.25	4.89	5.23	4.42
Cash From Operations, 2 Yr. CAGR %	20.91	9.14	-10.51	5.13	16.51
Capital Expenditures, 2 Yr. CAGR %	3.99	0.94	-1.28	-0.08	6.62
Levered Free Cash Flow, 2 Yr. CAGR %	50.46	-4.57	-16.62	-4.66	6.96
Unlevered Free Cash Flow, 2 Yr. CAGR %	50.71	-4.5	-16.58	-4.53	6.93
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.61	4.64	4.68	5.64	6.64
Gross Profit, 3 Yr. CAGR %	-0.89	0.51	2.82	3.82	4.82
EBITDA, 3 Yr. CAGR %	1.9	0.51	1.51	1.49	3.08
EBITA, 3 Yr. CAGR %	0.31	-3.37	1.22	1.31	5.21
EBIT, 3 Yr. CAGR %	0.31	-3.37	1.22	1.31	5.21
Earnings From Cont. Operations, 3 Yr. CAGR %	-0.29	7.8	0.99	10.07	11.06
Net Income, 3 Yr. CAGR %	-0.29	7.8	0.99	10.07	11.07
Normalized Net Income, 3 Yr. CAGR %	0.27	-1.38	3.84	7.05	7.58
Diluted EPS Before Extra, 3 Yr. CAGR %	-0.29	7.8	0.99	10.07	11.07
Accounts Receivable, 3 Yr. CAGR %	-2.62	4.28	4.3	9.59	11.43
Inventory, 3 Yr. CAGR %	2.23	-27.92	-24.67	-28.61	0.9
Net Property, Plant and Equip., 3 Yr. CAGR %	4.28	4.76	1.57	-0.91	0.54
Total Assets, 3 Yr. CAGR %	6.43	5.44	4.96	4.56	5.59
Tangible Book Value, 3 Yr. CAGR %	8.31	7.69	7.97	8.06	7.57
Common Equity, 3 Yr. CAGR %	4.65	4.56	4.68	4.9	4.8
Cash From Operations, 3 Yr. CAGR %	5.6	12.04	-0.28	2.07	4.16
Capital Expenditures, 3 Yr. CAGR %	4.79	6.2	-3.58	3.41	0.01
Levered Free Cash Flow, 3 Yr. CAGR %	8.35	17.44	-4	-13.36	3.58
Unlevered Free Cash Flow, 3 Yr. CAGR %	8.47	17.61	-3.95	-13.26	3.57
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.32	4.79	4.91	5.36	5.45
Gross Profit, 5 Yr. CAGR %	0.56	0.22	0.86	2.43	3.31
EBITDA, 5 Yr. CAGR %	2.97	-0.11	1.4	2.43	1.26
EBITA, 5 Yr. CAGR %	3.45	-2.67	0.15	1.32	1.23
EBIT, 5 Yr. CAGR %	3.45	-2.67	0.15	1.32	1.23
Earnings From Cont. Operations, 5 Yr. CAGR %	3.54	-1.7	1.05	12.97	3.8
Net Income, 5 Yr. CAGR %	-1.55	-1.7	1.05	12.97	3.8
Normalized Net Income, 5 Yr. CAGR %	3.58	-0.11	2.99	3.38	3.85
Diluted EPS Before Extra, 5 Yr. CAGR %	3.86	-1.7	1.05	12.97	3.8
Accounts Receivable, 5 Yr. CAGR %	-2.23	-1.32	2.04	8.02	5.86
Inventory, 5 Yr. CAGR %	-2.32	-14.81	-15.53	-17.92	-16.79
Net Property, Plant and Equip., 5 Yr. CAGR %	2.22	2.14	2.41	2.13	1.55
Total Assets, 5 Yr. CAGR %	6.46	6.2	5.59	5.31	5.29
Tangible Book Value, 5 Yr. CAGR %	14.55	10.49	8.33	7.95	7.48
Common Equity, 5 Yr. CAGR %	7.15	5.58	4.75	4.83	4.58
Cash From Operations, 5 Yr. CAGR %	1.73	4.06	-1.17	9.22	6.12
Capital Expenditures, 5 Yr. CAGR %	0.5	3.1	2.32	3.64	0.38
Levered Free Cash Flow, 5 Yr. CAGR %	-0.82	3.22	-2.43	8.05	0.24
Unlevered Free Cash Flow, 5 Yr. CAGR %	-0.9	3.3	-2.34	8.19	0.26