LG Display Co., Ltd. (LPL) Cash Flow Statement
Where LPL’s cash came from and went, 2025
December 31, 2025 · South Korean won- Cash from operations
- ₩1.60B −99.9% vs 2024
- Capital expenditures
- ₩947.7M 0.0% of revenue
- Free cash flow
- ₩652.4M 0.0% margin
- Returned to shareholders
- —
- Change in cash
- −₩282.0M cash at year-end ₩1.09B
Cash from operations
₩1.60B
Capital expenditures
−₩947.7M
Investments (net)
+₩164.11B
Acquisitions & other
−₩163.86B
Net borrowing (repayment)
−₩1.92T
Other financing
+₩1.92T
Currency & other
+₩189.3M
Change in cash
−₩282.0M
Drawn to scale: where the cash came from and how it was used. Hover for values.
LPL operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
LPL cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | ₩3.85T2016 | ₩1.60B2025 | −57.9%/yr | |
| Capital expenditures | ₩3.89T2016 | ₩947.7M2025 | −60.3%/yr | |
| Free cash flow | −₩36.65B2016 | ₩652.4M2025 | — | |
| Free cash flow margin | −0.1%2016 | 0.0%2025 | +0.1 pts | |
| Operating cash flow / net income | 4.082016 | 10.052025 | +5.97 | |
| Stock-based compensation | −₩145.77B2016 | ₩54.14B2021 | — | |
| Dividends paid | ₩178.91B2016 | ₩136.52B2024 | −3.3%/yr | |
| Share buybacks (net) | ₩02016 | ₩02024 | — | |
| Capex / revenue | 14.7%2016 | 0.0%2025 | −14.7 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LPL cash flow by activity
OperatingInvestingFinancingChange in cash
LPL net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
LPL cash flow statement in South Korean won
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | ₩159.2M | −₩2.78T | −₩2.69T | −₩3.20T | ₩1.23T | −₩87.41B | −₩2.87T | −₩210.99B | ₩1.74T | ₩943.58B |
| Depreciation & amortization | ₩4.35T | ₩5.13T | ₩4.21T | ₩4.56T | ₩4.50T | ₩4.13T | ₩3.70T | ₩3.55T | ₩3.21T | ₩3.02T |
| Stock-based compensation | — | — | — | — | ₩54.14B | −₩117.28B | ₩1.82T | −₩342.24B | −₩401.60B | −₩145.77B |
| Change in working capital | −₩1.55B | −₩1.38T | ₩1.01T | ₩700.63B | −₩1.05T | −₩1.36T | ₩404.02B | ₩1.08T | ₩1.39T | −₩881.68B |
| Other non-cash items | −₩4.35T | ₩1.64T | −₩853.27B | ₩948.52B | ₩1.24T | −₩460.44B | −₩336.42B | ₩491.80B | ₩584.91B | ₩913.48B |
| Cash from operating activities | ₩1.60B | ₩2.61T | ₩1.67T | ₩3.01T | ₩5.97T | ₩2.11T | ₩2.71T | ₩4.57T | ₩6.52T | ₩3.85T |
| Investing activities | ||||||||||
| Capital expenditures | −₩947.7M | −₩2.30T | −₩3.42T | −₩5.91T | −₩3.26T | −₩2.39T | −₩7.47T | −₩8.09T | −₩6.35T | −₩3.89T |
| Investments (net) | ₩164.11B | −₩1.36T | −₩3.51T | −₩6.70T | −₩641.97B | −₩2.32T | −₩6.76T | −₩7.68T | −₩6.48T | −₩3.19T |
| Acquisitions & other investing | −₩163.86B | ₩1.92T | ₩4.36T | ₩5.91T | −₩525.87B | ₩2.57T | ₩7.47T | ₩8.28T | ₩6.58T | ₩3.70T |
| Cash from investing activities | −₩689.9M | −₩1.74T | −₩2.57T | −₩6.70T | −₩4.43T | −₩2.14T | −₩6.76T | −₩7.48T | −₩6.25T | −₩3.38T |
| Financing activities | ||||||||||
| Dividends paid | — | −₩136.52B | ₩0 | −₩232.58B | −₩232.58B | −₩232.58B | −₩500.0M | −₩178.91B | −₩178.91B | −₩178.91B |
| Share repurchases & issuance (net) | — | ₩1.29T | — | — | — | — | ₩0 | ₩0 | ₩0 | ₩0 |
| Net borrowing (repayment) | −₩1.92T | −₩2.23T | ₩1.38T | ₩2.24T | −₩2.47T | ₩770.95B | ₩4.72T | ₩2.85T | ₩1.04T | ₩504.00B |
| Shares issued | ₩0 | ₩1.29T | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 |
| Other financing | ₩1.92T | −₩1.39T | −₩53.98B | −₩60.21B | ₩140.32B | ₩320.37B | ₩270.36B | −₩3.69B | −₩37.50B | −₩4.62B |
| Cash from financing activities | −₩1.38B | −₩1.18T | ₩1.33T | ₩1.95T | −₩2.56T | ₩858.74B | ₩4.99T | ₩2.67T | ₩826.38B | ₩320.47B |
| Summary | ||||||||||
| Net change in cash | −₩282.0M | −₩560.60B | ₩398.97B | −₩1.72T | −₩1.07T | ₩1.09T | ₩970.98B | −₩425.21B | ₩1.25T | ₩782.58B |
| Cash at end of period | ₩1.09B | ₩2.03T | ₩2.26T | ₩1.82T | ₩3.54T | ₩4.22T | ₩3.34T | ₩2.37T | ₩2.72T | ₩1.63T |
| Free cash flow | ₩652.4M | ₩308.13B | −₩1.75T | −₩2.90T | ₩2.71T | −₩284.17B | −₩4.76T | −₩3.52T | ₩173.77B | −₩36.65B |
| Free cash flow margin | 0.0% | 1.2% | −8.2% | −11.1% | 9.1% | −1.2% | −20.3% | −14.4% | 0.6% | −0.1% |
| Capex / revenue | 0.0% | 8.7% | 16.1% | 22.6% | 10.9% | 9.9% | 31.8% | 33.2% | 22.8% | 14.7% |
| Operating cash flow / net income | 10.05 | — | — | — | 4.85 | — | — | — | 3.76 | 4.08 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −₩418.83B | −₩575.71B | −₩246.0M | −₩21.03B | ₩837.68B | −₩265.94B | −₩917.76B | −₩342.65B | −₩510.10B | −₩797.42B | −₩783.16B | −₩741.08B |
| Depreciation & amortization | ₩980.11B | ₩994.28B | ₩993.52B | ₩992.82B | ₩1.17T | ₩1.20T | ₩1.22T | ₩1.24T | ₩1.38T | ₩1.28T | ₩1.28T | ₩1.04T |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | — | — | −₩45.35B |
| Change in working capital | ₩547.49B | −₩1.09T | ₩198.4M | −₩868.60B | −₩1.15T | −₩413.78B | ₩1.02T | −₩7.54B | −₩211.69B | −₩1.02T | −₩1.00T | ₩870.35B |
| Other non-cash items | ₩52.34B | ₩544.37B | −₩992.49B | ₩525.46B | −₩1.18T | ₩73.78B | ₩37.28B | −₩209.65B | ₩109.69B | ₩117.63B | ₩92.64B | −₩109.24B |
| Cash from operating activities | ₩1.16T | −₩122.50B | ₩982.4M | ₩628.65B | −₩315.91B | ₩591.91B | ₩1.36T | ₩682.74B | ₩768.41B | −₩420.73B | −₩413.20B | ₩1.02T |
| Investing activities | ||||||||||||
| Capital expenditures | −₩470.15B | −₩607.49B | −₩205.5M | −₩396.59B | −₩279.55B | −₩371.93B | −₩284.22B | −₩552.65B | −₩348.54B | −₩907.85B | −₩1.09T | −₩582.97B |
| Investments (net) | ₩67.08B | ₩40.27B | ₩56.08B | −₩483.78B | ₩299.64B | −₩419.63B | −₩333.48B | −₩242.43B | −₩83.35B | −₩703.99B | −₩558.81B | −₩246.68B |
| Acquisitions & other investing | −₩257.16B | ₩25.60B | −₩56.13B | ₩391.89B | ₩258.44B | ₩365.11B | −₩745.55B | ₩342.38B | ₩356.95B | ₩895.03B | — | ₩595.75B |
| Cash from investing activities | −₩660.23B | −₩541.61B | −₩257.9M | −₩488.48B | ₩278.53B | −₩426.45B | −₩1.36T | −₩452.71B | −₩74.94B | −₩716.82B | — | −₩233.91B |
| Financing activities | ||||||||||||
| Dividends paid | — | — | — | — | — | −₩136.52B | −₩136.52B | — | — | — | ₩0 | ₩0 |
| Share repurchases & issuance (net) | — | — | — | ₩0 | ₩0 | ₩0 | ₩1.29T | ₩1.29T | — | — | — | — |
| Net borrowing (repayment) | −₩587.18B | ₩544.06B | −₩1.13T | −₩263.65B | −₩526.49B | ₩8.07B | −₩1.08T | −₩78.89B | — | — | — | −₩167.20B |
| Shares issued | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 | ₩1.29T | ₩0 | ₩0 |
| Other financing | −₩26.68B | ₩0 | ₩1.13T | −₩54.25B | ₩31.21B | ₩130.15B | −₩1.16T | −₩1.29T | −₩1.36T | ₩113.88B | ₩1.38T | −₩30.98B |
| Cash from financing activities | −₩613.86B | ₩544.06B | −₩789.6M | −₩317.91B | −₩495.28B | ₩1.70B | −₩1.08T | −₩76.46B | −₩1.36T | ₩1.41T | ₩1.38T | −₩198.19B |
| Summary | ||||||||||||
| Net change in cash | −₩89.04B | −₩48.42B | −₩12.6M | −₩183.68B | ₩769.06B | −₩1.04T | ₩234.99B | −₩88.94B | −₩657.37B | ₩213.04B | ₩314.21B | ₩571.37B |
| Cash at end of period | ₩1.44T | ₩1.52T | ₩1.09B | ₩1.56T | ₩1.67T | ₩979.32B | ₩2.02T | ₩1.79T | ₩1.98T | ₩2.59T | ₩2.57T | ₩3.01T |
| Free cash flow | ₩690.95B | −₩729.98B | ₩776.8M | ₩232.06B | −₩595.45B | ₩219.97B | ₩1.08T | ₩130.08B | ₩419.86B | −₩1.33T | −₩1.50T | ₩436.01B |
| Free cash flow margin | 12.1% | −13.2% | 0.0% | 3.3% | −10.7% | 3.6% | 13.7% | 1.9% | 6.3% | −25.3% | −20.3% | 9.1% |
| Capex / revenue | 8.2% | 11.0% | 0.0% | 5.7% | 5.0% | 6.1% | 3.6% | 8.1% | 5.2% | 17.3% | 14.8% | 12.2% |
| Operating cash flow / net income | — | — | — | — | −0.38 | — | — | — | — | — | — | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in South Korean won as reported; data from EODHD.
LPL cash generation
In fiscal 2025 (ended December 31, 2025), LG Display generated ₩1.6 billion of cash from operations (down 99.9%) and spent ₩947.7 million on capital expenditures, leaving free cash flow of ₩652.4 million, 0.0% of revenue. Cash and equivalents fell by ₩282.0 million over the year.
Related: LPL income statement, LPL balance sheet. See the LPL stock overview for the latest quote and news.
LPL cash flow FAQ
What is LG Display's free cash flow?
LG Display's free cash flow was ₩652.4 million in fiscal 2025: ₩1.6 billion of operating cash flow minus ₩947.7 million of capital expenditures It was ₩308.1 billion a year earlier..
How much cash does LG Display generate from operations?
LG Display generated ₩1.6 billion of cash from operating activities in fiscal 2025, 10.05 times its net income of ₩159.2 million.
How much does LG Display spend on capital expenditures?
LG Display spent ₩947.7 million on capital expenditures in fiscal 2025, 0.0% of revenue, compared with ₩2.30 trillion the year before.