Innovid Cash Flow Statement

Financials in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021	2016 - 2020
Net Income	582	636	589	594	483	Upgrade
Depreciation & Amortization	45	34	29	25	19	Upgrade
Loss (Gain) From Sale of Assets	-	13	-	-	6	Upgrade
Other Operating Activities	-186	-139	-203	-150	-189	Upgrade
Change in Accounts Receivable	-70	33	-165	110	-218	Upgrade
Change in Inventory	-10	10	-10	-3	-	Upgrade
Change in Accounts Payable	56	-9	118	-93	96	Upgrade
Change in Other Net Operating Assets	26	-14	-6	-22	-14	Upgrade
Operating Cash Flow	443	564	352	461	183	Upgrade
Operating Cash Flow Growth	-21.45%	60.23%	-23.64%	151.91%	-	Upgrade
Capital Expenditures	-15	-10	-8	-11	-34	Upgrade
Sale (Purchase) of Intangibles	-8	-	-50	-7	-23	Upgrade
Investment in Securities	-60	-60	-60	-59	-60	Upgrade
Other Investing Activities	-185	-10	-8	53	252	Upgrade
Investing Cash Flow	-268	-80	-125	-23	135	Upgrade
Issuance of Common Stock	-	-	-	710	-	Upgrade
Dividends Paid	-139	-130	-130	-75	-62	Upgrade
Other Financing Activities	-3	-3	-2	-2	-2	Upgrade
Financing Cash Flow	-142	-133	-132	633	-64	Upgrade
Miscellaneous Cash Flow Adjustments	-1	-1	-2	1	-	Upgrade
Net Cash Flow	32	350	93	1,072	254	Upgrade
Free Cash Flow	428	554	344	450	149	Upgrade
Free Cash Flow Growth	-22.74%	61.05%	-23.56%	202.01%	-	Upgrade
Free Cash Flow Margin	6.11%	8.32%	5.74%	8.30%	3.08%	Upgrade
Free Cash Flow Per Share	147.28	190.64	118.38	159.91	59.41	Upgrade
Cash Income Tax Paid	197	153	214	161	198	Upgrade
Levered Free Cash Flow	332.88	463.5	221.38	414.13	68.88	Upgrade
Unlevered Free Cash Flow	332.88	463.5	221.38	414.13	68.88	Upgrade
Change in Net Working Capital	36	-52	99	-74	180	Upgrade

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