Veritas In Silico 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	-425.67	-236.44	33.05	-141.38	-232.32
Depreciation & Amortization	15.9	15.45	26.94	30.48	18.04
Other Amortization	-	22.29	2	-	4.9
Loss (Gain) From Sale of Assets	-	-	-	0.07	-
Asset Writedown & Restructuring Costs	31.32	-	-	-	-
Other Operating Activities	1.92	-22.13	28.52	-0.35	-12.02
Change in Accounts Receivable	12.2	38.05	-23.29	-31.45	-4.33
Change in Inventory	-0.37	-	-	-	-
Change in Accounts Payable	5.53	9.2	0.28	-5.22	9.61
Change in Income Taxes	-	-	-	-11.46	11.46
Change in Other Net Operating Assets	59.91	-44.36	1.2	10.52	-30.32
Operating Cash Flow	-299.27	-217.94	68.71	-148.78	-234.99
Capital Expenditures	-25.66	-5.7	-	-54.94	-2.78
Sale of Property, Plant & Equipment	-	-	2.03	-	-
Sale (Purchase) of Intangibles	-5.58	-	-	-0.58	-0.6
Investment in Securities	500	-2,000	-	-	-
Other Investing Activities	-17.64	-0.29	-	-0.03	11.01
Investing Cash Flow	451.12	-2,006	2.03	-55.55	7.63
Issuance of Common Stock	-	861	-	-	1,400
Other Financing Activities	-	-12.82	2	-	-4.9
Financing Cash Flow	-	848.18	2	-	1,395
Miscellaneous Cash Flow Adjustments	-	0	-8.06	-	-
Net Cash Flow	151.85	-1,376	64.68	-204.33	1,168
Free Cash Flow	-324.93	-223.65	68.71	-203.72	-237.76
Free Cash Flow Margin	-356.51%	-114.90%	19.07%	-113.94%	-400.75%
Free Cash Flow Per Share	-50.09	-35.10	12.49	-37.03	-53.14
Cash Income Tax Paid	3.73	2.88	2.85	2.85	0.87
Levered Free Cash Flow	-183.13	-120.1	59.02	-149.24	-
Unlevered Free Cash Flow	-183.13	-120.1	59.02	-149.24	-
Change in Working Capital	77.27	2.89	-21.8	-37.61	-13.58

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