Nousouken Cash Flow Statement

Financials in millions JPY. Fiscal year is September - August.

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	FY 2019	FY 2018	FY 2017
Period Ending	Aug '19 Aug 31, 2019	Aug '18 Aug 31, 2018	Aug '17 Aug 31, 2017
Net Income	18	-47	131
Depreciation & Amortization	19	18	8
Loss (Gain) on Equity Investments	11	-	-
Other Operating Activities	14	-44	-85
Change in Accounts Receivable	-338	-94	-102
Change in Accounts Payable	56	120	84
Change in Other Net Operating Assets	8	-6	20
Operating Cash Flow	-212	-53	56
Capital Expenditures	-1	-11	-12
Sale (Purchase) of Intangibles	-28	-59	-9
Other Investing Activities	-1	-7	-13
Investing Cash Flow	-30	-77	-34
Long-Term Debt Issued	100	100	-
Long-Term Debt Repaid	-76	-40	-31
Net Debt Issued (Repaid)	24	60	-31
Other Financing Activities	-1	-	119
Financing Cash Flow	23	60	88
Foreign Exchange Rate Adjustments	-	-1	-
Miscellaneous Cash Flow Adjustments	-71	-1	43
Net Cash Flow	-290	-72	153
Free Cash Flow	-213	-64	44
Free Cash Flow Margin	-6.87%	-2.77%	2.65%
Free Cash Flow Per Share	-10.14	-3.05	2.10
Cash Interest Paid	1	-	-
Cash Income Tax Paid	-10	47	86
Levered Free Cash Flow	-228.5	-155	-
Unlevered Free Cash Flow	-227.88	-155	-
Change in Working Capital	-274	20	2