Dentsu Group Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-255,213	-139,759	33,103	100,908	208,833	-141,133
Depreciation & Amortization	77,122	81,449	78,719	74,170	74,876	85,968
Loss (Gain) From Sale of Assets	-	235,257	72,101	19,146	-117,607	144,720
Loss (Gain) From Sale of Investments	-103	-844	987	-5,463	-	958
Loss (Gain) on Equity Investments	-3,881	-3,009	-3,654	-3,418	-2,448	-1,680
Other Operating Activities	55,201	-23,205	-41,854	-113,551	-100,342	-33,868
Change in Accounts Receivable	-6,539	-63,482	70,241	17,533	-129,293	135,807
Change in Inventory	-6,688	707	-2,188	16,975	-779	-2,815
Change in Accounts Payable	28,046	-49,888	-83,218	-17,405	141,372	-143,110
Change in Other Net Operating Assets	-15,382	22,758	-48,970	-7,999	65,103	43,466
Operating Cash Flow	171,513	59,984	75,267	80,896	139,715	88,313
Operating Cash Flow Growth	124.28%	-20.30%	-6.96%	-42.10%	58.20%	10.45%
Capital Expenditures	-26,645	-25,684	-28,892	-18,526	-21,036	-21,474
Sale of Property, Plant & Equipment	12	120	1,269	13,941	33,971	1,526
Cash Acquisitions	-5,744	-24,550	-136,556	-39,173	-47,415	-26,585
Divestitures	789	2,207	12	-1,700	-2,256	-
Investment in Securities	17,957	17,240	17,194	18,095	-1,867	184,163
Other Investing Activities	3,041	-241	676	3,017	300,829	-617
Investing Cash Flow	-10,590	-30,908	-146,297	-24,346	262,226	137,013
Short-Term Debt Issued	-	5,668	12,884	-	-	-
Long-Term Debt Issued	-	40,000	221,000	610	2,998	120,993
Total Debt Issued	38,759	45,668	233,884	610	2,998	120,993
Short-Term Debt Repaid	-	-	-	-5,832	-3,334	-9,174
Long-Term Debt Repaid	-	-12	-293,824	-55,791	-37,368	-127,137
Total Debt Repaid	-145,190	-12	-293,824	-61,623	-40,702	-136,311
Net Debt Issued (Repaid)	-106,431	45,656	-59,940	-61,013	-37,704	-15,318
Repurchase of Common Stock	-3	-20,006	-4	-40,006	-30,010	-10,004
Common Dividends Paid	-18,105	-34,323	-43,229	-37,035	-20,888	-26,508
Other Financing Activities	-41,233	-57,041	-50,508	-50,138	-143,587	-44,792
Financing Cash Flow	-165,772	-65,714	-153,681	-188,192	-232,189	-96,622
Foreign Exchange Rate Adjustments	2,836	17,114	11,117	13,932	23,095	-12,067
Miscellaneous Cash Flow Adjustments	-16,003	835	532	-2,091	2	-
Net Cash Flow	-18,016	-18,689	-213,062	-119,801	192,849	116,637
Free Cash Flow	144,868	34,300	46,375	62,370	118,679	66,839
Free Cash Flow Growth	176.03%	-26.04%	-25.64%	-47.45%	77.56%	40.09%
Free Cash Flow Margin	10.35%	2.43%	3.55%	5.01%	10.93%	7.12%
Free Cash Flow Per Share	558.10	131.11	175.40	231.32	423.90	239.22
Cash Interest Paid	24,421	28,598	30,441	20,511	17,064	18,441
Cash Income Tax Paid	38,871	25,651	47,601	115,764	103,813	34,866
Levered Free Cash Flow	-	123,236	22,933	58,222	60,834	159,169
Unlevered Free Cash Flow	-	141,524	41,363	72,098	71,703	170,782
Change in Working Capital	-563	-89,905	-64,135	9,104	76,403	33,348

Source: S&P Global Market Intelligence. Standard template. Financial Sources.