Adways 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	627	134	1,586	4,176	2,148
Depreciation & Amortization	151	235	228	245	210.67
Loss (Gain) From Sale of Assets	76	490	49	27	2.67
Loss (Gain) From Sale of Investments	-117	-216	-367	-2,740	80
Loss (Gain) on Equity Investments	-205	-195	-196	-169	-170.67
Other Operating Activities	-301	-228	-1,736	-466	-1,032
Change in Accounts Receivable	351	900	889	-1,042	2,408
Change in Accounts Payable	-401	-1,098	218	443	-2,524
Change in Other Net Operating Assets	-260	163	-79	-89	109.33
Operating Cash Flow	-79	185	592	385	1,232
Operating Cash Flow Growth	-	-68.75%	53.77%	-68.75%	-63.96%
Capital Expenditures	-343	-556	-649	-408	-160
Cash Acquisitions	-	-96	-	-	-298.67
Divestitures	195	-31	-	-	237.33
Sale (Purchase) of Intangibles	-131	-	-6	-21	-38.67
Investment in Securities	157	294	218	2,496	-300
Other Investing Activities	331	126	314	-75	253.33
Investing Cash Flow	163	155	-95	1,957	-289.33
Long-Term Debt Issued	-	-	13	-	-
Short-Term Debt Repaid	-	-1	-	-2	-
Long-Term Debt Repaid	-	-2	-5	-	-
Total Debt Repaid	-	-3	-5	-2	-
Net Debt Issued (Repaid)	-	-3	8	-2	-
Issuance of Common Stock	-	-	1	-	4,243
Repurchase of Common Stock	-	-	-2,002	-1,644	-222.67
Common Dividends Paid	-118	-227	-557	-217	-429.33
Other Financing Activities	-16	-6	-309	-47	-30.67
Financing Cash Flow	-134	-236	-2,859	-1,910	3,560
Foreign Exchange Rate Adjustments	-64	-258	-312	-378	-749.33
Miscellaneous Cash Flow Adjustments	-2	1	-1	56	-1.33
Net Cash Flow	-116	-153	-2,675	110	3,752
Free Cash Flow	-422	-371	-57	-23	1,072
Free Cash Flow Growth	-	-	-	-	-68.35%
Free Cash Flow Margin	-3.45%	-2.93%	-0.42%	-0.17%	4.24%
Free Cash Flow Per Share	-10.80	-9.49	-1.48	-0.57	27.33
Cash Income Tax Paid	381	317	1,794	511	1,036
Levered Free Cash Flow	-547.38	-522.63	-383.75	516.38	-
Unlevered Free Cash Flow	-547.38	-522.63	-383.75	516.38	-
Change in Working Capital	-310	-35	1,028	-688	-6.67

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