WealthNavi Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2019
Period Ending	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 - 2019
Net Income	508.09	424	214	-491	-999	Upgrade
Depreciation & Amortization, Total	164.71	92	79	76	75	Upgrade
Stock-Based Compensation	94.77	-	-	-	-	Upgrade
Change in Accounts Receivable	-1.81	-	-	-	-	Upgrade
Change in Accounts Payable	9.43	-	-	-	-	Upgrade
Change in Other Net Operating Assets	13,884	2,569	-3,403	3,803	-15	Upgrade
Other Operating Activities	-87.9	-62	-7	-4	-	Upgrade
Operating Cash Flow	14,808	3,023	-3,117	3,384	-939	Upgrade
Capital Expenditures	-500.43	-34	-106	-19	-86	Upgrade
Sale (Purchase) of Intangibles	-326.8	-126	-46	-32	-45	Upgrade
Other Investing Activities	-109.34	-328	-55	28	55	Upgrade
Investing Cash Flow	-936.57	-488	-207	-23	-76	Upgrade
Long-Term Debt Issued	-	-	-	1,500	-	Upgrade
Long-Term Debt Repaid	-	-	-	-1,000	-	Upgrade
Net Debt Issued (Repaid)	-	-	-	500	-	Upgrade
Issuance of Common Stock	16,019	703	616	3,590	2,642	Upgrade
Other Financing Activities	-0.44	-	-	-38	-	Upgrade
Financing Cash Flow	16,019	703	616	4,052	2,642	Upgrade
Foreign Exchange Rate Adjustments	53.34	46	65	-1	-12	Upgrade
Net Cash Flow	29,943	3,285	-2,642	7,411	1,613	Upgrade
Free Cash Flow	14,307	2,989	-3,223	3,365	-1,025	Upgrade
Free Cash Flow Growth	378.67%	-	-	-	-	Upgrade
Free Cash Flow Margin	239.47%	36.81%	-49.36%	72.76%	-41.08%	Upgrade
Free Cash Flow Per Share	246.01	59.78	-64.57	73.72	-24.09	Upgrade
Cash Interest Paid	75.23	45	44	22	20	Upgrade
Cash Income Tax Paid	83.12	62	3	3	3	Upgrade

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