Mori-Gumi Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2011	FY 2010	FY 2009	FY 2008	FY 2007
Period Ending	Mar '11 Mar 31, 2011	Mar '10 Mar 31, 2010	Mar '09 Mar 31, 2009	Mar '08 Mar 31, 2008	Mar '07 Mar 31, 2007
Net Income	501	381	-280	-264	620
Depreciation & Amortization	142	150	176	114	101
Other Amortization	-	3	-	-	-
Loss (Gain) From Sale of Assets	-	-	-	-11	-
Loss (Gain) From Sale of Investments	-	2	214	25	-2
Other Operating Activities	-38	-10	-1	-7	205
Change in Accounts Receivable	-839	3,437	5,213	-1,630	-1,846
Change in Inventory	-12	1,530	853	-973	-288
Change in Accounts Payable	555	-3,153	-3,748	2,039	-151
Change in Unearned Revenue	-	18	-80	-1,071	1,146
Change in Other Net Operating Assets	-401	1,082	-1,230	-99	1,634
Operating Cash Flow	-92	3,440	1,117	-1,877	1,419
Operating Cash Flow Growth	-	207.97%	-	-	377.78%
Capital Expenditures	-43	-52	-91	-79	-28
Sale of Property, Plant & Equipment	2	2	-	15	-
Sale (Purchase) of Intangibles	-188	-114	-	-	-
Investment in Securities	-1	-2	-2	98	114
Other Investing Activities	-1	1	-8	-1	77
Investing Cash Flow	-215	-140	-84	60	293
Short-Term Debt Issued	134	-	1,123	-	659
Long-Term Debt Issued	150	200	-	1,116	750
Total Debt Issued	284	200	1,123	1,116	1,409
Short-Term Debt Repaid	-	-1,088	-	-2,206	-
Long-Term Debt Repaid	-492	-744	-960	-2,332	-931
Total Debt Repaid	-492	-1,832	-960	-4,538	-931
Net Debt Issued (Repaid)	-208	-1,632	163	-3,422	478
Repurchase of Common Stock	-	-	-	-1	-
Other Financing Activities	-30	-1	-2	-1	-1
Financing Cash Flow	-238	-1,633	161	-3,424	477
Miscellaneous Cash Flow Adjustments	-1	-1	-	-	1
Net Cash Flow	-546	1,666	1,194	-5,241	2,190
Free Cash Flow	-135	3,388	1,026	-1,956	1,391
Free Cash Flow Growth	-	230.21%	-	-	1617.28%
Free Cash Flow Margin	-0.42%	11.67%	2.55%	-5.15%	3.93%
Free Cash Flow Per Share	-4.12	103.40	31.31	-59.68	42.43
Cash Interest Paid	127	136	162	161	213
Cash Income Tax Paid	32	34	29	66	55
Levered Free Cash Flow	-657	2,021	2,077	-1,799	-518.38
Unlevered Free Cash Flow	-579.5	2,107	2,178	-1,693	-382.13
Change in Working Capital	-697	2,914	1,008	-1,734	495

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