Axis 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 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	597.78	462.43	563	527
Depreciation & Amortization	45.82	49.34	41	40
Asset Writedown & Restructuring Costs	-	1.94	-	-
Provision & Write-off of Bad Debts	-0.28	-0.07	-	-
Other Operating Activities	3.11	12.45	-191	-168
Change in Accounts Receivable	-127.68	-136.7	-83	-62
Change in Inventory	-30.72	-14.01	21	-5
Change in Accounts Payable	19.58	58.17	49	-12
Change in Other Net Operating Assets	49.2	44.61	73	-2
Operating Cash Flow	556.82	478.16	473	318
Operating Cash Flow Growth	16.45%	1.09%	48.74%	-
Capital Expenditures	-1.38	-41.18	-26	-3
Sale of Property, Plant & Equipment	-	-	-	46
Cash Acquisitions	-	-	-	-265
Sale (Purchase) of Intangibles	-3.57	-	-	-4
Other Investing Activities	39.91	-24.89	-35	-17
Investing Cash Flow	34.96	-66.07	-61	-243
Long-Term Debt Issued	-	-	-	150
Long-Term Debt Repaid	-	-	-116	-172
Net Debt Issued (Repaid)	-	-	-116	-22
Issuance of Common Stock	37.27	31.04	17	6
Common Dividends Paid	-74.49	-40.6	-20	-
Other Financing Activities	-	0	-	1
Financing Cash Flow	-37.22	-9.56	-119	-15
Foreign Exchange Rate Adjustments	1.84	1.04	1	1
Miscellaneous Cash Flow Adjustments	0	127.39	-	-
Net Cash Flow	556.39	530.95	294	61
Free Cash Flow	555.44	436.98	447	315
Free Cash Flow Growth	27.11%	-2.24%	41.91%	-
Free Cash Flow Margin	7.47%	6.64%	7.64%	6.60%
Free Cash Flow Per Share	127.68	101.38	104.11	72.79
Cash Income Tax Paid	226.02	188.5	194	166
Levered Free Cash Flow	459.34	-	396	-
Unlevered Free Cash Flow	459.34	-	396	-
Change in Working Capital	-89.61	-47.93	60	-81

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