← POSCO HOLDINGS INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Net Income | — | — | — | — | — | — | $3.2t | $1.7t | $1.1t | $690.7b | |
| Net Income From Continuing Operations | — | — | — | — | — | — | $3.6t | $1.8t | $1.0t | $527.0b | |
| Adjustments to reconcile profit (loss) other than changes in working capital | $5.6t | $5.6t | $7.4t | $5.8t | $4.7t | $6.1t | $5.3t | $6.0t | $5.7t | $5.9t | |
| Depreciation | $2.8t | $2.9t | $2.9t | $3.0t | $3.2t | $3.1t | $3.2t | $3.3t | $3.5t | $3.7t | |
| Amortization | $378.0b | $409.8b | $356.6b | $431.2b | $465.6b | $444.1b | $488.8b | $498.2b | $453.7b | $465.9b | |
| Amortization Cash Flow | — | — | — | — | — | — | $488.8b | $498.2b | $453.7b | $465.9b | |
| Amortization Of Intangibles | — | — | — | — | — | — | $488.8b | $498.2b | $453.7b | $465.9b | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $3.7t | $3.8t | $4.0t | $4.2t | |
| Deferred Income Tax | — | — | — | — | — | — | $461.5b | $789.4b | $321.0b | $612.1b | |
| Deferred Tax | — | — | — | — | — | — | $461.5b | $789.4b | $321.0b | $612.1b | |
| Impairment loss on trade and other receivables | $202.7b | $271.9b | $137.9b | $52.2b | $53.9b | $27.2b | $34.6b | $265.9b | $185.1b | $203.8b | |
| Impairment loss on goodwill and intangible assets | $127.9b | $168.0b | $337.5b | $191.0b | $197.8b | $224.3b | $370.7b | $129.9b | $48.0b | $51.6b | |
| Asset Impairment Charge | — | — | — | — | — | — | $618.5b | $671.7b | $841.2b | $391.1b | |
| Income tax expense | $379.5b | $1.2t | $1.7t | $1.1t | $224.3b | $2.2t | $461.5b | $789.4b | $321.0b | $612.1b | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($676.3b) | ($269.7b) | $256.5b | ($349.9b) | |
| Changes in operating assets and liabilities | ($404.6b) | ($1.8t) | ($2.1t) | ($114.0b) | $2.9t | ($7.0t) | ($368.5b) | ($1.1t) | $261.8b | ($776.2b) | |
| Additional Financial Items | |||||||||||
| Adjustments For Current Tax Of Prior Period | — | — | $44.3b | ($35.4b) | ($14.4b) | ($42.7b) | $22.9b | $152.7b | ($77.5b) | — | |
| Adjustments For Decrease Increase In Trade Account Receivable | $273.4b | $63.1b | $17.8b | $286.1b | $818.9b | ($1.5t) | $531.8b | ($982.7b) | $1.4t | — | |
| Adjustments For Finance Costs | $1.5t | $1.4t | $1.2t | $1.2t | $1.4t | $1.3t | $2.5t | $2.2t | $3.2t | — | |
| Adjustments For Finance Income | $882.9b | $1.4t | $737.7b | $855.4b | $1.2t | $1.3t | $1.9t | $1.9t | $3.5t | — | |
| Adjustments For Increase Decrease In Trade Account Payable | $769.3b | ($608.0b) | $379.7b | ($732.7b) | $594.4b | $1.4t | $141.9b | ($118.8b) | ($376.3b) | — | |
| Goodwill | $1.4t | $1.3t | $1.1t | $1.1t | $903.9b | $736.0b | $442.5b | $403.2b | $357.9b | — | |
| Increase Decrease In Working Capital | $404.6b | $1.8t | $2.1t | $114.0b | ($2.9t) | $7.0t | $368.5b | $1.1t | ($261.8b) | — | |
| Interest Received Classified As Operating Activities | $206.8b | $245.0b | $352.3b | $320.3b | $368.5b | $279.6b | $249.8b | $447.6b | $570.8b | — | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | $167.4b | $217.3b | $281.3b | $268.1b | $222.8b | $195.4b | — | |
| Proceeds From Disposal Or Maturity Of Availableforsale Financial Assets | $280.1b | $1.0t | — | — | — | — | — | — | — | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | $138.2b | $343.4b | $447.6b | $299.6b | $300.6b | $431.1b | $492.9b | $481.9b | $492.8b | — | |
| Profit | $1.0t | $2.9t | $1.9t | $2.0t | $1.7t | $7.2t | $3.6t | $1.8t | $1.0t | $527.0b | |
| Finance income | ($882.9b) | ($1.4t) | ($737.7b) | ($855.4b) | ($1.2t) | ($1.3t) | ($1.9t) | ($1.9t) | ($3.5t) | ($1.6t) | |
| Finance costs | $1.5t | $1.4t | $1.2t | $1.2t | $1.4t | $1.3t | $2.5t | $2.2t | $3.2t | $2.1t | |
| Gain on disposal of intangible assets | ($671.0m) | ($22.4b) | ($117.1b) | ($1.9b) | ($815.0m) | ($273.0m) | ($291.0m) | ($401.0m) | ($8.6b) | ($2.0b) | |
| Gain on disposal of investments in subsidiaries, associates and joint ventures | ($23.3b) | ($81.8b) | ($45.2b) | ($27.8b) | ($88.8b) | ($86.0b) | ($13.9b) | ($197.1b) | ($14.2b) | ($47.4b) | |
| Loss on disposal of investments in subsidiaries, associates and joint ventures | $22.5b | $20.0b | $5.2b | $6.5b | $14.6b | $12.9b | $12.4b | $18.8b | $73.4b | $12.8b | |
| Share of loss (profit) of equity-accounted investees | $88.7b | ($10.5b) | ($112.6b) | ($273.7b) | ($133.3b) | ($649.6b) | ($676.3b) | ($269.7b) | $256.5b | ($349.9b) | |
| Expenses related to post-employment benefits | $333.1b | $199.9b | $216.5b | $240.4b | $248.3b | $243.6b | $228.6b | $206.6b | $246.5b | $264.2b | |
| Increase to provisions | $189.9b | $215.4b | $240.1b | $76.5b | $185.0b | $159.6b | $289.9b | $160.9b | $217.2b | $410.5b | |
| Loss on (reversal of) valuation of inventories | $152.2b | $78.6b | $141.8b | $96.2b | $54.0b | $78.8b | $259.7b | $309.3b | $77.8b | ($25.5b) | |
| Gain on disposal of assets held for sale | ($23.1b) | ($1.2b) | ($27.2b) | ($37.5b) | ($841.0m) | ($60.2b) | ($55.3b) | ($1.3b) | ($4.8b) | ($53.7b) | |
| Loss on disposal of assets held for sale | $254.0m | $608.0m | — | — | — | $0 | $4.0b | $103.4b | $33.9b | $13.1b | |
| Gain on insurance claim | — | — | — | — | — | — | ($236.3b) | ($7.7b) | ($157.6b) | ($19.6b) | |
| Others, net | ($15.2b) | ($22.3b) | ($38.5b) | $6.4b | ($2.5b) | $2.9b | $81.1b | $88.1b | $186.6b | $239.9b | |
| Interest received | $206.8b | $245.0b | $352.3b | $320.3b | $368.5b | $279.6b | $249.8b | $447.6b | $570.8b | $421.4b | |
| Acquisitions of short-term financial instruments | ($18.6t) | ($20.8t) | ($32.2t) | ($36.1t) | ($43.3t) | ($41.8t) | ($89.3t) | ($39.8t) | ($15.8t) | ($16.0t) | |
| Proceeds from disposal of short-term financial instruments | $17.2t | $19.1t | $31.1t | $35.4t | $40.5t | $40.3t | $91.5t | $40.2t | $19.5t | $16.1t | |
| Acquisitions of long-term financial instruments | — | — | — | — | $0 | ($289.6b) | ($21.6b) | ($5.4b) | ($3.8b) | ($19.9b) | |
| Increase in loans | ($603.3b) | ($1.1t) | ($627.8b) | ($450.6b) | ($329.2b) | ($526.6b) | ($1.1t) | ($1.2t) | ($820.2b) | ($277.4b) | |
| Collection of loans | $557.1b | $667.0b | $942.0b | $398.8b | $138.3b | $568.5b | $1.1t | $1.4t | $784.6b | $100.0b | |
| Acquisitions of securities | ($8.2b) | ($22.5b) | ($321.9b) | ($296.8b) | ($338.1b) | ($300.8b) | ($493.1b) | ($380.7b) | ($1.1t) | ($836.1b) | |
| Proceeds from disposal of securities | — | — | $221.6b | $62.5b | $448.1b | $273.9b | $332.7b | $142.8b | $1.2t | $489.0b | |
| Acquisitions of investments in associates and joint ventures | ($173.8b) | ($60.3b) | ($47.4b) | ($160.4b) | ($141.8b) | ($492.4b) | ($518.2b) | ($417.6b) | ($301.8b) | ($213.3b) | |
| Proceeds from disposal of investments in associates and joint ventures | $7.9b | $74.9b | $88.9b | $16.5b | $18.4b | $61.0b | $169.4b | $142.3b | $45.2b | $39.2b | |
| Acquisitions of investment property | ($45.7b) | ($69.2b) | ($44.1b) | ($19.3b) | ($976.0m) | ($91.9b) | ($1.6b) | ($56.0b) | ($3.9b) | ($3.6b) | |
| Proceeds from disposal of investment property | $11.6b | $5.8b | $70.8b | $12.1b | $250.0m | $3.8b | $23.4b | $707.0m | $418.0m | $1.4b | |
| Acquisitions of intangible assets | ($138.2b) | ($343.4b) | ($447.6b) | ($299.6b) | ($300.6b) | ($431.1b) | ($492.9b) | ($481.9b) | ($492.8b) | ($576.0b) | |
| Proceeds from disposal of intangible assets | $8.7b | $28.5b | $77.7b | $24.2b | $79.0b | $9.5b | $7.7b | $30.3b | $11.7b | $7.9b | |
| Proceeds from disposal of assets held for sale | $305.8b | $204.0b | $93.3b | $67.2b | $37.7b | $67.3b | $111.5b | $4.8b | $10.3b | $846.1b | |
| Collection of lease receivables | — | — | — | $56.9b | $61.6b | $97.7b | $54.6b | $52.7b | $31.1b | $25.5b | |
| Net assets acquired due to changes in the scope of consolidation | — | — | — | — | — | — | — | $0 | $0 | ($807.3b) | |
| Net assets disposed due to changes in the scope of consolidation | $21.2b | ($53.0b) | $447.9b | — | — | — | — | $0 | $0 | $71.6b | |
| Cash inflow from insurance claim | — | — | — | — | — | — | $236.3b | $7.7b | $157.3b | $19.6b | |
| Proceeds from borrowings | $2.0t | $1.7t | $2.8t | $5.6t | $4.4t | $4.4t | $4.6t | $7.8t | $5.9t | $5.4t | |
| Repayment of borrowings | ($4.3t) | ($3.1t) | ($3.1t) | ($3.7t) | ($3.6t) | ($3.7t) | ($4.1t) | ($4.5t) | ($7.5t) | ($5.2t) | |
| Proceeds from (repayment of) short-term borrowings, net | ($885.9b) | $558.1b | ($854.6b) | ($2.2t) | $35.5b | ($329.9b) | $1.8t | ($2.5t) | ($217.8b) | $2.2t | |
| Repayment of hybrid bonds | — | — | ($1.2t) | — | — | $0 | $0 | ($340.0b) | $0 | $0 | |
| Payment of interest of hybrid bonds | ($68.1b) | ($67.8b) | ($46.2b) | ($16.5b) | ($16.5b) | ($16.5b) | ($16.5b) | ($10.0b) | $0 | $0 | |
| Capital contribution from non-controlling interests and proceeds from disposal of subsidiary while maintaining control | $24.7b | $266.2b | $5.8b | $29.5b | $176.1b | $660.5b | $577.3b | $299.3b | $513.7b | $832.4b | |
| Capital deduction from non-controlling interests and additional acquisition of interests in subsidiaries | ($11.3b) | ($26.3b) | ($3.8b) | ($123.3b) | ($11.5b) | ($16.1b) | ($16.3b) | ($9.7b) | ($19.1b) | ($4.4b) | |
| Repayment of lease liabilities | — | ($10.5b) | ($30.5b) | ($167.4b) | ($217.3b) | ($281.3b) | ($268.1b) | ($222.8b) | ($195.4b) | ($143.4b) | |
| Acquisition of treasury shares | — | — | — | — | ($883.2b) | ($116.8b) | $0 | $0 | ($92.3b) | $0 | |
| Beginning Cash Position | — | — | — | — | — | — | $4.8t | $8.1t | $6.7t | $6.8t | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $1.3t | ($178.6b) | ($2.3t) | $2.4t | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($4.2t) | ($7.4t) | ($4.5t) | ($6.7t) | |
| Change In Account Payable | — | — | — | — | — | — | $141.9b | ($118.8b) | ($376.3b) | ($916.6b) | |
| Change In Inventory | — | — | — | — | — | — | ($195.3b) | $1.3t | $914.7b | $487.3b | |
| Change In Other Current Assets | — | — | — | — | — | — | ($246.8b) | $5.4b | ($6.8b) | $481.6b | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($520.0b) | ($453.0b) | ($938.5b) | $425.2b | |
| Change In Other Working Capital | — | — | — | — | — | — | ($295.6b) | ($319.0b) | ($213.2b) | ($69.2b) | |
| Change In Payable | — | — | — | — | — | — | $753.9b | ($420.4b) | ($319.3b) | ($735.2b) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $753.9b | ($420.4b) | ($319.3b) | ($735.2b) | |
| Change In Receivables | — | — | — | — | — | — | $435.7b | ($949.9b) | $1.2t | ($983.2b) | |
| Change In Working Capital | — | — | — | — | — | — | ($68.1b) | ($824.0b) | $598.0b | ($393.6b) | |
| Changes In Account Receivables | — | — | — | — | — | — | $531.8b | ($982.7b) | $1.4t | ($649.4b) | |
| Changes In Cash | — | — | — | — | — | — | $3.3t | ($1.4t) | ($124.9b) | $287.5b | |
| End Cash Position | — | — | — | — | — | — | $8.1t | $6.7t | $6.8t | $7.0t | |
| Financing Cash Flow | — | — | — | — | — | — | $1.3t | ($178.6b) | ($2.3t) | $2.4t | |
| Free Cash Flow | — | — | — | — | — | — | $766.3b | ($1.1t) | ($1.5t) | ($1.7t) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | ($1.5b) | ($178.2b) | $59.2b | ($34.6b) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $92.3b | $116.0b | $50.0b | $72.1b | |
| Interest Received CFO | — | — | — | — | — | — | $249.8b | $447.6b | $570.8b | $421.4b | |
| Investing Cash Flow | — | — | — | — | — | — | ($4.2t) | ($7.4t) | ($4.5t) | ($6.7t) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($1.3t) | ($425.5b) | ($256.6b) | ($909.8b) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($485.1b) | ($451.6b) | ($481.1b) | ($568.1b) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($4.9t) | ($6.7t) | ($7.6t) | ($5.5t) | |
| Net Preferred Stock Issuance | — | — | — | — | — | $0 | $0 | — | — | — | |
| Operating Gains Losses | — | — | — | — | — | — | ($408.2b) | ($23.2b) | $641.3b | ($88.8b) | |
| Other Non Cash Items | — | — | — | — | — | — | $340.7b | $323.1b | ($678.1b) | $21.1b | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | $228.6b | $206.6b | $246.5b | $264.2b | |
| Preferred Stock Payments | — | — | — | — | — | $0 | $0 | — | — | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $289.9b | $160.9b | $217.2b | $410.5b | |
| Purchase Of Business | — | — | — | — | — | — | ($1.4t) | ($567.8b) | ($301.8b) | ($1.0t) | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($492.9b) | ($481.9b) | ($492.8b) | ($576.0b) | |
| Purchase Of PPE | — | $2.3t | $2.1t | $2.5t | $3.2t | $3.1t | ($4.9t) | ($6.7t) | ($7.7t) | ($5.7t) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | $0 | ($92.3b) | $0 | |
| Sale Of Business | — | — | — | — | — | — | $169.4b | $142.3b | $45.2b | $110.8b | |
| Sale Of Intangibles | — | — | — | — | — | — | $7.7b | $30.3b | $11.7b | $7.9b | |
| Sale Of PPE | — | — | — | — | — | — | $864.0m | — | $44.2b | $214.1b | |
| Profit or Loss | $1.0t | $2.9t | $1.9t | $2.0t | $1.7t | $7.2t | $3.6t | $1.8t | $1.0t | — | |
| Cash flows from investing activities | |||||||||||
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | $44.3b | $39.2b | $90.4b | $51.8b | ($42.5b) | ($11.1b) | $864.0m | ($11.9b) | $44.2b | $214.1b | |
| Capital Expenditure | — | — | — | — | — | — | ($5.4t) | ($7.2t) | ($8.2t) | ($6.2t) | |
| Cash outflows due to business combinations, net of cash acquired | — | — | — | — | $0 | $0 | ($901.2b) | ($150.2b) | $0 | $0 | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | $21.8b | ($55.3b) | ($3.5b) | ($2.2b) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $2.0t | $100.4b | $3.7t | ($261.1b) | |
| Purchase Of Investment | — | — | — | — | — | — | ($89.8t) | ($40.2t) | ($17.0t) | ($16.8t) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($1.6b) | ($56.0b) | ($3.9b) | ($3.6b) | |
| Sale Of Investment | — | — | — | — | — | — | $91.9t | $40.3t | $20.7t | $16.6t | |
| Sale Of Investment Properties | — | — | — | — | — | — | $23.4b | $707.0m | $418.0m | $1.4b | |
| Net Other Investing Changes | — | — | — | — | — | — | $389.4b | $188.9b | $151.5b | $505.0b | |
| Cash flows from financing activities | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $4.6t | $7.8t | $5.9t | $5.4t | |
| Long Term Debt Issuance | — | — | — | — | — | — | $4.6t | $7.8t | $5.9t | $5.4t | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $1.9t | $609.2b | ($2.0t) | $2.3t | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $147.6b | $3.1t | ($1.8t) | $91.6b | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $1.8t | ($2.5t) | ($217.8b) | $2.2t | |
| Long Term Debt Payments | — | — | — | — | — | — | ($4.4t) | ($4.7t) | ($7.7t) | ($5.3t) | |
| Repayment Of Debt | — | — | — | — | — | — | ($4.4t) | ($4.7t) | ($7.7t) | ($5.3t) | |
| Net Common Stock Issuance | — | — | — | — | — | — | $0 | $0 | ($92.3b) | $0 | |
| Common Stock Payments | — | — | — | — | — | — | $0 | $0 | ($92.3b) | $0 | |
| Dividends Paid Classified As Financing Activities | $709.0b | $863.5b | $723.9b | $946.2b | $659.1b | $1.3t | $1.2t | $815.5b | $844.2b | — | |
| Dividends received | $152.6b | $225.5b | $224.4b | $266.8b | $267.9b | $782.1b | $757.5b | $696.9b | $744.9b | $437.8b | |
| Payment of cash dividends | ($709.0b) | ($863.5b) | ($723.9b) | ($946.2b) | ($659.1b) | ($1.3t) | ($1.2t) | ($815.5b) | ($844.2b) | ($915.2b) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($1.2t) | ($815.5b) | ($844.2b) | ($915.2b) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($1.2t) | ($815.5b) | ($844.2b) | ($915.2b) | |
| Dividend Received CFO | — | — | — | — | — | — | $757.5b | $696.9b | $744.9b | $437.8b | |
| Net Other Financing Charges | — | — | — | — | — | — | $642.1b | $27.7b | $681.3b | $1.1t | |
| Effect of exchange rate fluctuation on cash held | $12.6b | ($59.0b) | $4.6b | $61.8b | ($95.3b) | $113.0b | ($8.7b) | $16.7b | $221.9b | ($5.6b) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($8.7b) | $16.7b | $221.9b | ($5.6b) | |
| Net increase (decrease) in cash and cash equivalents | ($2.4t) | $164.9b | $31.3b | $871.4b | $1.2t | $20.1b | $3.3t | ($1.4t) | $97.0b | $281.9b | |
| Cash and cash equivalents at beginning of the period | $2.4t | $2.6t | $2.6t | $3.5t | $4.8t | $4.8t | $8.1t | $6.7t | $6.8t | $7.0t | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $3.3t | ($1.4t) | $97.0b | $281.9b | |
| Interest Paid Classified As Financing Activities | $68.1b | $67.8b | $46.2b | $16.5b | $16.5b | $16.5b | $16.5b | $10.0b | $0 | ($1.1t) | |
| Interest Paid Classified As Operating Activities | $691.3b | $735.7b | $750.4b | $760.2b | $624.4b | $433.8b | $560.8b | $1.0t | $1.0t | ($1.1t) | |
| Income taxes paid | ($602.0b) | ($806.4b) | ($1.1t) | ($1.5t) | ($650.9b) | ($589.0b) | ($2.8t) | ($727.4b) | ($553.7b) | ($840.3b) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.