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	2016 - 2020
Period Ending	Jun '25 Jun 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	2016 - 2020
Net Income	-203,804	-139,759	33,103	100,908	208,833	-141,133	Upgrade
Depreciation & Amortization	78,396	81,449	78,719	74,170	74,876	85,968	Upgrade
Loss (Gain) From Sale of Assets	305,348	235,257	72,101	19,146	-117,607	144,720	Upgrade
Loss (Gain) From Sale of Investments	1,476	-844	987	-5,463	-	958	Upgrade
Loss (Gain) on Equity Investments	-3,552	-3,009	-3,654	-3,418	-2,448	-1,680	Upgrade
Other Operating Activities	-38,527	-23,205	-41,854	-113,551	-100,342	-33,868	Upgrade
Change in Accounts Receivable	37,049	-63,482	70,241	17,533	-129,293	135,807	Upgrade
Change in Inventory	-2,185	707	-2,188	16,975	-779	-2,815	Upgrade
Change in Accounts Payable	-34,377	-49,888	-83,218	-17,405	141,372	-143,110	Upgrade
Change in Other Net Operating Assets	28,699	22,758	-48,970	-7,999	65,103	43,466	Upgrade
Operating Cash Flow	168,523	59,984	75,267	80,896	139,715	88,313	Upgrade
Operating Cash Flow Growth	-	-20.30%	-6.96%	-42.10%	58.20%	10.45%	Upgrade
Capital Expenditures	-21,777	-25,684	-28,892	-18,526	-21,036	-21,474	Upgrade
Sale of Property, Plant & Equipment	126	120	1,269	13,941	33,971	1,526	Upgrade
Cash Acquisitions	-7,283	-24,550	-136,556	-39,173	-47,415	-26,585	Upgrade
Divestitures	-58	2,207	12	-1,700	-2,256	-	Upgrade
Investment in Securities	35,087	17,240	17,194	18,095	-1,867	184,163	Upgrade
Other Investing Activities	2,995	-241	676	3,017	300,829	-617	Upgrade
Investing Cash Flow	9,090	-30,908	-146,297	-24,346	262,226	137,013	Upgrade
Short-Term Debt Issued	-	5,668	12,884	-	-	-	Upgrade
Long-Term Debt Issued	-	40,000	221,000	610	2,998	120,993	Upgrade
Total Debt Issued	16,707	45,668	233,884	610	2,998	120,993	Upgrade
Short-Term Debt Repaid	-	-	-	-5,832	-3,334	-9,174	Upgrade
Long-Term Debt Repaid	-	-12	-293,824	-55,791	-37,368	-127,137	Upgrade
Total Debt Repaid	-9,638	-12	-293,824	-61,623	-40,702	-136,311	Upgrade
Net Debt Issued (Repaid)	7,069	45,656	-59,940	-61,013	-37,704	-15,318	Upgrade
Repurchase of Common Stock	-5,003	-20,006	-4	-40,006	-30,010	-10,004	Upgrade
Dividends Paid	-36,299	-34,323	-43,229	-37,035	-20,888	-26,508	Upgrade
Other Financing Activities	-51,200	-57,041	-50,508	-50,138	-143,587	-44,792	Upgrade
Financing Cash Flow	-85,433	-65,714	-153,681	-188,192	-232,189	-96,622	Upgrade
Foreign Exchange Rate Adjustments	-8,188	17,114	11,117	13,932	23,095	-12,067	Upgrade
Miscellaneous Cash Flow Adjustments	-14,280	835	532	-2,091	2	-	Upgrade
Net Cash Flow	69,712	-18,689	-213,062	-119,801	192,849	116,637	Upgrade
Free Cash Flow	146,746	34,300	46,375	62,370	118,679	66,839	Upgrade
Free Cash Flow Growth	-	-26.04%	-25.64%	-47.45%	77.56%	40.09%	Upgrade
Free Cash Flow Margin	10.38%	2.43%	3.55%	5.01%	10.93%	7.12%	Upgrade
Free Cash Flow Per Share	565.20	131.11	175.40	231.32	423.90	239.22	Upgrade
Cash Interest Paid	24,838	28,598	30,441	20,511	17,064	18,441	Upgrade
Cash Income Tax Paid	39,728	25,651	47,601	115,764	103,813	34,866	Upgrade
Levered Free Cash Flow	191,823	123,236	22,933	58,222	60,834	159,169	Upgrade
Unlevered Free Cash Flow	208,539	141,524	41,363	72,098	71,703	170,782	Upgrade
Change in Working Capital	29,186	-89,905	-64,135	9,104	76,403	33,348	Upgrade

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.