Consolidated Statements of Cash Flows - KRW (₩)
₩ in Millions |
12 Months Ended |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
| Cash flows from operating activities |
|
|
|
| Profit (loss) for the year |
₩ 8,666,656
|
₩ 3,621,968
|
₩ (4,716,144)
|
| Adjustments to reconcile profit (loss) for the year to net cash provided by (used in) operating activities: |
|
|
|
| Income tax expense (benefit) |
2,920,274
|
1,634,561
|
(2,837,833)
|
| Depreciation |
13,630,181
|
13,833,788
|
12,869,089
|
| Amortization |
158,610
|
163,567
|
163,174
|
| Employee benefit expense |
484,224
|
427,980
|
358,730
|
| Bad debt expense |
83,001
|
60,309
|
101,550
|
| Interest expense |
4,339,560
|
4,665,095
|
4,451,659
|
| Loss on disposal of financial assets |
3,525
|
434
|
1
|
| Loss on disposal of property, plant and equipment |
112,692
|
112,018
|
98,120
|
| Loss on abandonment of property, plant and equipment |
122,368
|
195,697
|
196,697
|
| Loss on impairment of property, plant and equipment |
14,262
|
11,240
|
17,031
|
| Loss on impairment of intangible assets |
8,439
|
902
|
2,865
|
| Loss on disposal of intangible assets |
13
|
111
|
71
|
| Increase in provisions |
3,492,316
|
1,762,526
|
1,611,082
|
| Loss on foreign currency translation, net |
(407,106)
|
2,366,830
|
363,659
|
| Gain on valuation of financial assets at fair value through profit or loss |
(133,082)
|
(83,408)
|
(152,322)
|
| Loss on valuation of financial assets at fair value through profit or loss |
24,983
|
14,247
|
24,015
|
| Valuation and transaction gain on derivative instruments, net |
(52,685)
|
(2,406,368)
|
(323,858)
|
| Gain on valuation of investments in associates and joint ventures, net |
(600,675)
|
(755,452)
|
(595,056)
|
| Gain on disposal of financial assets |
(58,115)
|
(45,493)
|
(13,162)
|
| Reversal of impairment loss on intangible assets |
(42)
|
0
|
0
|
| Gain on disposal of property, plant and equipment |
(285,525)
|
(85,990)
|
(32,196)
|
| Gain on disposal of intangible assets |
(18)
|
(41)
|
(136)
|
| Gain on disposal of investments in associates and joint ventures |
(3,880)
|
(186,066)
|
(18,204)
|
| Loss on disposal of investments in associates and joint ventures |
0
|
650
|
0
|
| Loss on Impairment of investments in associates and joint ventures |
0
|
69,173
|
19
|
| Reversal of impairment loss on investments in associates and joint ventures |
0
|
(10,527)
|
(347)
|
| Gain on disposal of subsidiaries |
(27)
|
(98)
|
(2)
|
| Loss on disposal of investments in subsidiaries |
28,491
|
0
|
564
|
| Interest income |
(440,386)
|
(467,525)
|
(429,620)
|
| Dividend income |
(26,137)
|
(70,601)
|
(25,941)
|
| Others, net |
(422,833)
|
(76,125)
|
6,910
|
| Adjustments to reconcile profit (loss) for the year to net cash provided by operating activities |
22,992,428
|
21,131,434
|
15,836,559
|
| Changes in working capital: |
|
|
|
| Trade receivables |
(436,841)
|
2,702
|
(1,484,134)
|
| Non-trade receivables |
76,882
|
(191,526)
|
625,993
|
| Accrued income |
325,716
|
(189,995)
|
(258,993)
|
| Other receivables |
97,299
|
101,042
|
56,460
|
| Other current assets |
(713,475)
|
(656,588)
|
251,842
|
| Inventories |
(1,566,800)
|
(1,412,713)
|
147,798
|
| Other non-current assets |
(165,996)
|
108,625
|
(101,576)
|
| Trade payables |
(957,469)
|
109,214
|
(3,154,822)
|
| Non-trade payables |
(498,552)
|
(97,540)
|
(960,450)
|
| Accrued expenses |
(343,879)
|
(508,199)
|
(228,464)
|
| Other current liabilities |
642,339
|
(2,261,294)
|
901,692
|
| Other non-current liabilities |
365,255
|
2,892,947
|
437,809
|
| Investments in associates and joint ventures (dividends received) |
346,203
|
364,287
|
592,812
|
| Provisions |
(1,840,454)
|
(1,588,396)
|
(1,497,699)
|
| Payments of employee benefit obligations |
(362,044)
|
(208,248)
|
(281,383)
|
| Plan assets |
(350,970)
|
(254,763)
|
(188,566)
|
| Changes in working capital |
(5,382,786)
|
(3,790,445)
|
(5,141,681)
|
| Cash generated from operating activities |
26,276,298
|
20,962,957
|
5,978,734
|
| Dividends received (financial assets at fair value through other comprehensive income) |
26,137
|
12,243
|
25,941
|
| Interest paid |
(4,393,329)
|
(4,697,442)
|
(4,245,838)
|
| Interest received |
304,166
|
390,671
|
329,740
|
| Income taxes paid |
(1,333,118)
|
(792,313)
|
(566,415)
|
| Net cash provided by operating activities |
20,880,154
|
15,876,116
|
1,522,162
|
| Cash flows from investing activities |
|
|
|
| Proceeds from disposals of investments in associates and joint ventures |
14,436
|
236,624
|
5,806
|
| Acquisition of investments in associates and joint ventures |
(2,096,355)
|
(451,813)
|
(497,634)
|
| Proceeds from disposals of property, plant and equipment |
467,623
|
402,603
|
309,627
|
| Acquisition of property, plant and equipment |
(15,834,139)
|
(14,216,037)
|
(13,908,373)
|
| Proceeds from disposals of intangible assets |
4,606
|
428
|
153
|
| Acquisition of intangible assets |
(103,490)
|
(91,851)
|
(74,832)
|
| Proceeds from disposals of financial assets |
3,677,329
|
2,615,341
|
4,389,228
|
| Acquisition of financial assets |
(4,341,542)
|
(2,536,994)
|
(3,141,906)
|
| Increase in loans |
(376,811)
|
(172,849)
|
(212,994)
|
| Collection of loans |
413,027
|
226,935
|
124,386
|
| Increase in deposits |
(161,923)
|
(154,503)
|
(138,205)
|
| Decrease in deposits |
143,226
|
152,803
|
130,221
|
| Proceeds from disposals of assets held-for-sale |
40,047
|
28,727
|
28,727
|
| Receipt of government grants |
25,019
|
59,503
|
57,207
|
| Net cash outflow from changes in consolidation scope |
(3,062)
|
(2,740)
|
(25,849)
|
| Other cash outflow from investing activities, net |
(313,444)
|
(189,284)
|
(119,319)
|
| Net cash used in investing activities |
(18,445,453)
|
(14,093,107)
|
(13,073,757)
|
| Cash flows from financing activities |
|
|
|
| Proceeds from (Repayment of) short-term borrowings, net |
948,196
|
(1,536,401)
|
1,842,517
|
| Proceeds from long-term borrowings |
1,769,770
|
2,795,823
|
3,434,452
|
| Proceeds from debt securities |
23,093,711
|
20,476,245
|
18,402,589
|
| Repayment of long-term borrowings |
(1,211,324)
|
(654,581)
|
(870,586)
|
| Repayment of debt securities |
(26,541,349)
|
(24,687,409)
|
(10,116,048)
|
| Payment of lease liabilities |
(549,651)
|
(612,828)
|
(574,239)
|
| Settlement of derivative instruments, net |
621,571
|
545,483
|
332,263
|
| Change in non-controlling interests |
(57,759)
|
(35,986)
|
218,766
|
| Repayment of hybrid bond |
(230,000)
|
0
|
0
|
| Dividends paid (hybrid bond) |
(2,128)
|
(10,316)
|
(10,212)
|
| Dividends paid |
(216,780)
|
(126,903)
|
(45,323)
|
| Other cash inflow (outflow) from financing activities, net |
(258,858)
|
(2,428)
|
47,703
|
| Net cash provided by (used in) financing activities |
(2,634,601)
|
(3,849,301)
|
12,661,882
|
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate fluctuations |
(199,900)
|
(2,066,292)
|
1,110,287
|
| Effect of exchange rate fluctuations on cash held |
57,732
|
106,384
|
(2,180)
|
| Net increase (decrease) in cash and cash equivalents |
(142,168)
|
(1,959,908)
|
1,108,107
|
| Cash and cash equivalents at January 1 |
2,382,979
|
4,342,887
|
3,234,780
|
| Cash and cash equivalents at December 31 |
₩ 2,240,811
|
₩ 2,382,979
|
₩ 4,342,887
|