Nippon Paint Holdings Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	179,800	181,522	161,500	104,495	86,467
Depreciation & Amortization	70,063	63,693	52,275	47,116	33,889
Asset Writedown & Restructuring Costs	297	-	-	-	-
Loss (Gain) on Equity Investments	-2,108	-2,569	-201	577	-2,186
Other Operating Activities	-1,298	-46,016	-35,633	-31,407	-25,072
Change in Accounts Receivable	-9,657	-18,843	8,858	3,016	-27,126
Change in Inventory	765	733	15,855	-12,717	-29,000
Change in Accounts Payable	-35,899	-4,991	-14,611	2,641	33,557
Change in Other Net Operating Assets	-14,437	-6,128	1,712	-1,370	-3,101
Operating Cash Flow	187,526	167,401	189,755	112,351	67,428
Operating Cash Flow Growth	12.02%	-11.78%	68.89%	66.62%	-23.86%
Capital Expenditures	-42,513	-48,997	-35,652	-37,442	-34,928
Sale of Property, Plant & Equipment	10,844	2,670	4,043	5,132	1,165
Cash Acquisitions	-299,943	-	-	-171,752	-118,884
Sale (Purchase) of Intangibles	-	-2,756	-2,458	-3,575	-4,454
Investment in Securities	7,324	-100,119	-71,764	41,849	47,385
Other Investing Activities	2,300	1,096	-10,183	-2,781	9,792
Investing Cash Flow	-321,988	-148,106	-115,975	-165,107	-102,355
Long-Term Debt Issued	807,825	73,003	113,002	270,070	40,694
Total Debt Issued	807,825	73,003	113,002	270,070	40,694
Short-Term Debt Repaid	-231	-1,400	-10,526	-5,715	-3,250
Long-Term Debt Repaid	-489,091	-56,052	-86,237	-75,557	-54,566
Total Debt Repaid	-489,322	-57,452	-96,763	-81,272	-57,816
Net Debt Issued (Repaid)	318,503	15,551	16,239	188,798	-17,122
Issuance of Common Stock	-	-	-	-	-5,214
Repurchase of Common Stock	-20,911	-	-	-	-
Common Dividends Paid	-37,577	-35,222	-40,283	-23,483	-29,130
Other Financing Activities	-5,283	-17,706	-14,620	-19,548	-10,843
Financing Cash Flow	254,732	-37,377	-38,664	145,767	-62,309
Foreign Exchange Rate Adjustments	15,424	14,771	11,453	9,989	3,917
Miscellaneous Cash Flow Adjustments	342	1,965	479	785	-1
Net Cash Flow	136,036	-1,346	47,048	103,785	-93,320
Free Cash Flow	145,013	118,404	154,103	74,909	32,500
Free Cash Flow Growth	22.47%	-23.17%	105.72%	130.49%	-48.70%
Free Cash Flow Margin	8.17%	7.22%	10.68%	5.72%	3.26%
Free Cash Flow Per Share	61.83	50.41	65.61	31.90	14.15
Cash Interest Paid	22,492	13,353	8,846	8,548	5,617
Cash Income Tax Paid	61,079	47,356	36,529	32,857	22,859
Levered Free Cash Flow	-	2,860	41,895	71,382	53,287
Unlevered Free Cash Flow	-	11,234	47,419	76,609	56,783
Change in Working Capital	-59,228	-29,229	11,814	-8,430	-25,670

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