Aeria 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	545	-480	648	608	718
Depreciation & Amortization	108	287	287	355	446
Loss (Gain) From Sale of Assets	92	107	98	-	136
Loss (Gain) From Sale of Investments	-30	15	-	90	-2
Other Operating Activities	-172	234	-246	-323	50
Change in Accounts Receivable	118	634	-477	319	305
Change in Inventory	-1,033	-2,190	-588	-1,557	328
Change in Accounts Payable	-47	-131	4	-100	20
Change in Other Net Operating Assets	-308	1,197	-1,701	-477	47
Operating Cash Flow	-727	-327	-1,975	-1,085	2,048
Capital Expenditures	-39	-69	-39	-55	-45
Sale of Property, Plant & Equipment	177	-	28	-	1
Cash Acquisitions	-	-	-	-1	-
Sale (Purchase) of Intangibles	-22	-37	-66	-188	-119
Investment in Securities	-48	-330	247	82	-57
Other Investing Activities	99	-28	-2	111	379
Investing Cash Flow	167	-464	168	-51	159
Short-Term Debt Issued	1,762	1,333	2,288	929	556
Long-Term Debt Issued	2,465	3,123	2,284	1,737	897
Total Debt Issued	4,227	4,456	4,572	2,666	1,453
Short-Term Debt Repaid	-1,194	-2,200	-1,488	-775	-435
Long-Term Debt Repaid	-2,894	-1,813	-1,869	-1,007	-1,568
Total Debt Repaid	-4,088	-4,013	-3,357	-1,782	-2,003
Net Debt Issued (Repaid)	139	443	1,215	884	-550
Issuance of Common Stock	-	-	-	97	22
Repurchase of Common Stock	-202	-307	-	-	-156
Common Dividends Paid	-105	-110	-110	-109	-110
Other Financing Activities	471	-6	-6	-5	-70
Financing Cash Flow	303	20	1,099	867	-864
Foreign Exchange Rate Adjustments	-	7	5	9	6
Miscellaneous Cash Flow Adjustments	-1	-	1	-	-
Net Cash Flow	-258	-764	-702	-260	1,349
Free Cash Flow	-766	-396	-2,014	-1,140	2,003
Free Cash Flow Margin	-4.65%	-2.07%	-8.88%	-5.54%	9.30%
Free Cash Flow Per Share	-36.77	-18.00	-90.60	-51.54	90.83
Cash Interest Paid	168	156	103	84	76
Cash Income Tax Paid	173	-234	244	320	-48
Levered Free Cash Flow	-871.75	2,331	-2,439	-1,315	1,621
Unlevered Free Cash Flow	-761.75	2,414	-2,374	-1,261	1,670
Change in Working Capital	-1,270	-490	-2,762	-1,815	700

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