Suntory Beverage & Food 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	88,723	93,495	82,743	82,317	68,676
Depreciation & Amortization	83,610	73,133	69,722	67,596	66,821
Other Amortization	-	3,822	3,357	3,195	2,555
Loss (Gain) From Sale of Assets	-	-	-	-16,020	-
Asset Writedown & Restructuring Costs	-106	3,975	553	2,675	1,647
Loss (Gain) on Equity Investments	53	-139	27	-411	-70
Other Operating Activities	15,861	28,115	23,209	26,837	18,480
Change in Accounts Receivable	-48,224	-20,706	-29,328	-23,615	-36,634
Change in Inventory	-14,450	2,132	-4,683	-19,213	-5,503
Change in Accounts Payable	30,913	8,123	26,729	23,472	32,109
Change in Other Net Operating Assets	2,927	1,780	-14,037	3,676	10,099
Operating Cash Flow	159,307	193,730	158,292	150,509	158,180
Operating Cash Flow Growth	-17.77%	22.39%	5.17%	-4.85%	18.03%
Capital Expenditures	-94,006	-108,307	-79,236	-60,228	-56,122
Sale of Property, Plant & Equipment	4,596	1,790	173	477	1,191
Cash Acquisitions	-	-	-	-	-2,223
Divestitures	-	4,707	627	18,400	-
Other Investing Activities	611	513	638	-1,044	287
Investing Cash Flow	-88,799	-101,297	-77,798	-42,395	-56,867
Short-Term Debt Issued	12,010	-	-	-	-
Long-Term Debt Issued	-	-	-	6,618	31,116
Total Debt Issued	12,010	-	-	6,618	31,116
Short-Term Debt Repaid	-	-7,874	-4,799	-323	-29,622
Long-Term Debt Repaid	-38,802	-52,939	-60,475	-57,356	-59,304
Total Debt Repaid	-38,802	-60,813	-65,274	-57,679	-88,926
Net Debt Issued (Repaid)	-26,792	-60,813	-65,274	-51,061	-57,810
Common Dividends Paid	-38,624	-29,354	-25,028	-24,101	-24,101
Other Financing Activities	-18,608	-21,869	-25,102	-17,045	-14,198
Financing Cash Flow	-84,024	-112,036	-115,404	-92,207	-96,109
Foreign Exchange Rate Adjustments	1,686	7,039	7,337	8,067	3,971
Miscellaneous Cash Flow Adjustments	-	-	-1,301	-	-1
Net Cash Flow	-11,830	-12,564	-28,874	23,974	9,174
Free Cash Flow	65,301	85,423	79,056	90,281	102,058
Free Cash Flow Growth	-23.56%	8.05%	-12.43%	-11.54%	42.67%
Free Cash Flow Margin	3.81%	5.03%	4.97%	6.22%	8.04%
Free Cash Flow Per Share	211.33	276.45	255.84	292.17	330.29
Cash Interest Paid	3,982	4,531	2,058	2,026	2,925
Cash Income Tax Paid	42,713	39,326	36,482	29,941	28,887
Levered Free Cash Flow	54,546	71,904	60,313	81,130	83,268
Unlevered Free Cash Flow	57,376	74,735	62,148	82,348	84,472
Change in Working Capital	-28,834	-8,671	-21,319	-15,680	71

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.