CDS Co.,Ltd. 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	695	1,493	1,467	1,524	1,269
Depreciation & Amortization	161	160	167	180	191
Loss (Gain) From Sale of Assets	2	6	-	45	3
Other Operating Activities	-505	-279	-560	-487	-5
Change in Accounts Receivable	1,485	-438	-414	267	-673
Change in Inventory	1	-2	39	-50	-92
Change in Accounts Payable	-263	-22	-21	152	42
Change in Other Net Operating Assets	2	72	38	-1	-167
Operating Cash Flow	1,578	990	716	1,630	568
Operating Cash Flow Growth	59.39%	38.27%	-56.07%	186.97%	-45.38%
Capital Expenditures	-187	-28	-35	-47	-25
Sale of Property, Plant & Equipment	-	-	-	1	254
Sale (Purchase) of Intangibles	-28	-68	-29	-44	-16
Investment in Securities	-54	-18	-	-14	-4
Other Investing Activities	-44	-2	-4	-2	2
Investing Cash Flow	-313	-116	-68	-106	211
Short-Term Debt Issued	-	-	430	-	280
Total Debt Issued	-	-	430	-	280
Short-Term Debt Repaid	-330	-100	-	-480	-
Total Debt Repaid	-330	-100	-	-480	-
Net Debt Issued (Repaid)	-330	-100	430	-480	280
Common Dividends Paid	-551	-463	-422	-415	-341
Other Financing Activities	-	-1	-1	-	-
Financing Cash Flow	-881	-564	7	-895	-61
Foreign Exchange Rate Adjustments	4	1	4	3	1
Miscellaneous Cash Flow Adjustments	-1	1	-	-	-
Net Cash Flow	387	312	659	632	719
Free Cash Flow	1,391	962	681	1,583	543
Free Cash Flow Growth	44.59%	41.26%	-56.98%	191.53%	-11.56%
Free Cash Flow Margin	15.76%	9.17%	7.00%	16.39%	6.49%
Free Cash Flow Per Share	203.97	141.06	99.85	232.11	79.62
Cash Interest Paid	3	3	2	2	2
Cash Income Tax Paid	506	282	566	504	226
Levered Free Cash Flow	1,298	785.38	555.38	1,461	360.25
Unlevered Free Cash Flow	1,300	787.25	556.63	1,462	361.5
Change in Working Capital	1,225	-390	-358	368	-890

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