Headwaters Co.,Ltd Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2017	FY 2016
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Net Income	362	98	106	-	-
Depreciation & Amortization	20	15	11	-	-
Other Operating Activities	-27	-34	-10	-	-
Change in Accounts Receivable	-270	-26	-130	-	-
Change in Inventory	12	-6	5	-	-
Change in Accounts Payable	100	40	95	-	-
Change in Other Net Operating Assets	-53	-	7	-	-
Operating Cash Flow	144	87	84	-	-
Operating Cash Flow Growth	65.52%	3.57%	-	-	-
Capital Expenditures	-26	-16	-27	-	-
Sale (Purchase) of Intangibles	-	-	-13	-	-
Investment in Securities	-72	-	-	-	-
Other Investing Activities	-112	-	9	-	-
Investing Cash Flow	-210	-16	-31	-	-
Issuance of Common Stock	10	5	-	-	-
Other Financing Activities	-	3	-	-	-
Financing Cash Flow	10	8	-	-	-
Foreign Exchange Rate Adjustments	1	-	-	-	-
Miscellaneous Cash Flow Adjustments	1	-	-	-	-
Net Cash Flow	-54	79	53	-	-
Free Cash Flow	118	71	57	-	-
Free Cash Flow Growth	66.20%	24.56%	-	-	-
Free Cash Flow Margin	4.06%	3.07%	3.62%	-	-
Free Cash Flow Per Share	28.28	17.07	14.13	-	-
Cash Income Tax Paid	29	35	16	-	-
Levered Free Cash Flow	93.88	53.38	-	-	-
Unlevered Free Cash Flow	93.88	53.38	-	-	-
Change in Working Capital	-211	8	-23	-	-

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