The Torigoe 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,597	1,466	1,400	1,212
Depreciation & Amortization	685	688	658	713
Loss (Gain) From Sale of Assets	4	2	3	-1
Loss (Gain) From Sale of Investments	-199	-84	93	-
Other Operating Activities	-372	-490	-342	-217
Change in Accounts Receivable	77	-23	-348	-131
Change in Inventory	110	-88	-1,396	-112
Change in Accounts Payable	49	162	-34	136
Change in Other Net Operating Assets	-32	48	-81	176
Operating Cash Flow	1,919	1,681	-47	1,776
Operating Cash Flow Growth	14.16%	-	-	68.34%
Capital Expenditures	-581	-813	-430	-558
Sale of Property, Plant & Equipment	-	-	-	13
Sale (Purchase) of Intangibles	-36	-153	-21	-2
Investment in Securities	228	28	-1	-1
Investing Cash Flow	-389	-938	-452	-548
Short-Term Debt Issued	8	7	6	6
Long-Term Debt Issued	2,295	100	-	2,303
Total Debt Issued	2,303	107	6	2,309
Short-Term Debt Repaid	-8	-6	-6	-6
Long-Term Debt Repaid	-1,358	-601	-519	-1,401
Total Debt Repaid	-1,366	-607	-525	-1,407
Net Debt Issued (Repaid)	937	-500	-519	902
Common Dividends Paid	-401	-354	-325	-325
Other Financing Activities	-32	-37	-52	-66
Financing Cash Flow	504	-891	-896	511
Foreign Exchange Rate Adjustments	1	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-1	1
Net Cash Flow	2,035	-148	-1,396	1,740
Free Cash Flow	1,338	868	-477	1,218
Free Cash Flow Growth	54.15%	-	-	96.77%
Free Cash Flow Margin	5.11%	3.29%	-1.96%	5.37%
Free Cash Flow Per Share	57.48	37.29	-20.50	52.34
Cash Interest Paid	20	16	19	16
Cash Income Tax Paid	376	525	349	231
Levered Free Cash Flow	1,050	396.75	-786.63	937.13
Unlevered Free Cash Flow	1,063	406.13	-775.38	947.13
Change in Working Capital	204	99	-1,859	69

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