Encourage Technologies Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Sep '20 Sep 30, 2020	Mar '20 Mar 31, 2020	Mar '19 Mar 31, 2019	Mar '18 Mar 31, 2018	Mar '17 Mar 31, 2017
Net Income	80	147	565	418	472
Depreciation & Amortization	140	163	145	270	213
Loss (Gain) From Sale of Assets	-	7	-	-	-
Loss (Gain) From Sale of Investments	16	16	-	-	-
Other Operating Activities	-19	-146	-153	-141	-238
Change in Accounts Receivable	9	91	26	64	-24
Change in Accounts Payable	-56	-63	13	-4	4
Change in Other Net Operating Assets	9	-151	160	76	18
Operating Cash Flow	179	64	756	683	445
Operating Cash Flow Growth	-40.53%	-91.53%	10.69%	53.48%	-
Capital Expenditures	-16	-45	-25	-21	-18
Cash Acquisitions	-	-	-	-	-50
Sale (Purchase) of Intangibles	-89	-112	-125	-252	-208
Investment in Securities	-	-	-11	-	-
Other Investing Activities	-19	-17	-50	-20	-2
Investing Cash Flow	-124	-174	-211	-293	-278
Repurchase of Common Stock	-160	-48	-	-59	-
Dividends Paid	-123	-124	-86	-86	-86
Other Financing Activities	-1	-1	-	-7	-
Financing Cash Flow	-284	-173	-86	-152	-86
Miscellaneous Cash Flow Adjustments	-	-	-1	-1	-1
Net Cash Flow	-229	-283	458	237	80
Free Cash Flow	163	19	731	662	427
Free Cash Flow Growth	-35.06%	-97.40%	10.42%	55.04%	-
Free Cash Flow Margin	9.32%	0.98%	32.23%	34.90%	22.82%
Free Cash Flow Per Share	24.02	2.77	106.43	96.01	61.67
Cash Income Tax Paid	18	146	153	142	238
Levered Free Cash Flow	26.63	-157.75	576.13	396.63	-
Unlevered Free Cash Flow	26.63	-157.75	576.13	396.63	-
Change in Net Working Capital	64	265	-228	-144	-

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