A.D.Works Group Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	3,238	2,547	2,066	910	650	576
Depreciation & Amortization	212.88	193	149	134	125	146.67
Loss (Gain) From Sale of Assets	1	1	-	43	-	-
Loss (Gain) From Sale of Investments	-34.54	-40	-87	-	-	-
Loss (Gain) on Equity Investments	20.62	36	-	-	-	-
Other Operating Activities	-669.8	-1,034	-125	-359	-163	145.33
Change in Accounts Receivable	228.8	4	32	52	6	157.33
Change in Inventory	3,422	165	-3,079	-12,262	-4,043	-2,169
Change in Accounts Payable	-16.25	-340	610	47	-159	-92
Change in Other Net Operating Assets	227.32	193	-249	-19	-851	-174.67
Operating Cash Flow	6,627	1,725	-683	-11,454	-4,435	-1,411
Capital Expenditures	-703.92	-393	-35	-14	-5	-4
Sale (Purchase) of Intangibles	-101.89	-64	-399	-51	-12	-16
Investment in Securities	256	144	229	-438	-130	-460
Other Investing Activities	-36.78	-16	59	-4	-4	68
Investing Cash Flow	-586.59	-329	-146	142	-151	-833.33
Short-Term Debt Issued	-	743	990	164	600	-
Long-Term Debt Issued	-	34,596	27,638	27,111	16,478	-
Total Debt Issued	38,394	35,339	28,628	27,275	17,078	14,315
Short-Term Debt Repaid	-	-1,090	-282	-150	-386	-
Long-Term Debt Repaid	-	-33,638	-26,180	-17,827	-12,716	-
Total Debt Repaid	-42,493	-34,728	-26,462	-17,977	-13,102	-14,157
Net Debt Issued (Repaid)	-4,099	611	2,166	9,298	3,976	157.33
Issuance of Common Stock	25	25	49	281	970	245.33
Repurchase of Common Stock	-99	-99	-	-	-	-
Dividends Paid	-489.94	-442	-390	-163	-106	-185.33
Other Financing Activities	-1,078	-1,297	1,182	658	419	-1.33
Financing Cash Flow	-5,741	-1,202	3,007	10,074	5,259	216
Foreign Exchange Rate Adjustments	-151.28	142	127	258	179	-117.33
Miscellaneous Cash Flow Adjustments	-1	-1	-1	-	188	-
Net Cash Flow	146.34	335	2,304	-980	1,040	-2,145
Free Cash Flow	5,923	1,332	-718	-11,468	-4,440	-1,415
Free Cash Flow Margin	9.54%	2.67%	-1.74%	-41.17%	-17.79%	-6.30%
Free Cash Flow Per Share	122.10	27.37	-14.95	-246.25	-102.32	-35.80
Cash Interest Paid	694.49	588	513	352	263	244
Cash Income Tax Paid	1,053	1,038	124	368	200	-144
Levered Free Cash Flow	7,398	1,783	6,672	-10,394	-4,273	-
Unlevered Free Cash Flow	7,809	2,153	6,994	-10,169	-4,109	-
Change in Working Capital	3,862	22	-2,686	-12,182	-5,047	-2,279

Updated Feb 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.