Delsole Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2015	FY 2014	FY 2013	FY 2012	FY 2011
Period Ending	Sep '15 Sep 30, 2015	Mar '15 Mar 31, 2015	Mar '14 Mar 31, 2014	Mar '13 Mar 31, 2013	Mar '12 Mar 31, 2012	Mar '11 Mar 31, 2011
Net Income	628	532	738	540	510	182
Depreciation & Amortization	263	251	304	365	311	386
Loss (Gain) From Sale of Assets	46	65	75	255	176	65
Loss (Gain) From Sale of Investments	-	-	-	-	-	-9
Loss (Gain) on Equity Investments	136	112	-27	4	4	2
Other Operating Activities	-193	-137	-582	-279	-188	-492
Change in Accounts Receivable	-112	-210	146	28	-525	8
Change in Inventory	-6	12	-27	-156	44	52
Change in Accounts Payable	297	190	-47	80	81	161
Change in Other Net Operating Assets	-188	-66	-172	229	245	310
Operating Cash Flow	871	749	408	1,066	658	665
Operating Cash Flow Growth	45.41%	83.58%	-61.73%	62.01%	-1.05%	-10.59%
Capital Expenditures	-517	-553	-182	-194	-91	-165
Sale of Property, Plant & Equipment	-	-	2	1	-	-
Cash Acquisitions	-18	-83	-101	-	-6	-
Sale (Purchase) of Intangibles	-40	-116	-192	-8	-15	-15
Investment in Securities	-1	-3	119	183	-2	64
Other Investing Activities	-14	-1	76	58	15	16
Investing Cash Flow	-590	-756	-278	40	-98	-98
Short-Term Debt Issued	-	300	-	-	-	-
Long-Term Debt Issued	-	600	-	-	750	1,000
Total Debt Issued	750	900	-	-	750	1,000
Short-Term Debt Repaid	-	-	-	-	-	-150
Long-Term Debt Repaid	-	-520	-688	-905	-1,039	-1,426
Total Debt Repaid	-738	-520	-688	-905	-1,039	-1,576
Net Debt Issued (Repaid)	12	380	-688	-905	-289	-576
Issuance of Common Stock	278	278	-	-	-	-
Repurchase of Common Stock	-1	-1	-	-	38	-
Common Dividends Paid	-89	-80	-83	-63	-63	-64
Other Financing Activities	-2	-6	-14	-60	36	-10
Financing Cash Flow	198	571	-785	-1,028	-278	-650
Foreign Exchange Rate Adjustments	2	2	-	-1	-	-
Miscellaneous Cash Flow Adjustments	-1	-	1	-	-2	-
Net Cash Flow	480	566	-654	77	280	-83
Free Cash Flow	354	196	226	872	567	500
Free Cash Flow Growth	14.56%	-13.27%	-74.08%	53.79%	13.40%	-10.26%
Free Cash Flow Margin	2.10%	1.15%	1.33%	5.35%	3.54%	3.02%
Free Cash Flow Per Share	40.74	23.79	27.54	106.24	69.50	62.85
Cash Interest Paid	12	14	21	37	55	68
Cash Income Tax Paid	259	146	582	282	190	496
Levered Free Cash Flow	322.88	44.75	-41.38	863	552	422.29
Unlevered Free Cash Flow	330.38	53.5	-27.63	886.75	586.38	466.04
Change in Working Capital	-9	-74	-100	181	-155	531

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