Appier Group 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	2,674	2,062	1,062	110	-1,170
Depreciation & Amortization	3,875	2,930	2,028	1,306	719
Loss (Gain) From Sale of Investments	-265	-289	-252	-68	-
Other Operating Activities	258	-101	-79	-141	-25
Change in Accounts Receivable	-4,078	-2,349	-797	-882	-633
Change in Accounts Payable	1,882	661	493	210	337
Change in Other Net Operating Assets	-1,073	-985	-231	460	26
Operating Cash Flow	3,273	1,929	2,224	995	-746
Operating Cash Flow Growth	69.67%	-13.26%	123.52%	-	-
Capital Expenditures	-20	-74	-118	-97	-103
Cash Acquisitions	-3,299	-	-381	-1,236	-115
Sale (Purchase) of Intangibles	-5,034	-4,191	-3,229	-2,330	-1,417
Investment in Securities	4,054	2,009	5,769	-95	-7,323
Other Investing Activities	-33	15	-70	-14	-117
Investing Cash Flow	-4,332	-2,241	1,971	-3,772	-9,075
Short-Term Debt Issued	1,890	2,400	-	1,621	-
Long-Term Debt Issued	9,600	-	-	-	-
Total Debt Issued	11,490	2,400	-	1,621	-
Short-Term Debt Repaid	-920	-1,500	-1,644	-1,621	-
Long-Term Debt Repaid	-2,590	-	-	-	-
Total Debt Repaid	-3,510	-1,500	-1,644	-1,621	-
Net Debt Issued (Repaid)	7,980	900	-1,644	-	-
Issuance of Common Stock	-	-	-	-	15,041
Repurchase of Common Stock	-	-1,000	-	-	-
Common Dividends Paid	-203	-	-	-	-
Other Financing Activities	-736	-692	-606	-520	-645
Financing Cash Flow	7,041	-792	-2,250	-520	14,396
Foreign Exchange Rate Adjustments	256	466	385	539	351
Miscellaneous Cash Flow Adjustments	-	-	-	1	-
Net Cash Flow	6,238	-638	2,330	-2,757	4,926
Free Cash Flow	3,253	1,855	2,106	898	-849
Free Cash Flow Growth	75.36%	-11.92%	134.52%	-	-
Free Cash Flow Margin	7.44%	5.45%	7.97%	4.62%	-6.71%
Free Cash Flow Per Share	31.78	18.04	20.50	8.74	-8.62
Cash Interest Paid	118	76	88	73	36
Cash Income Tax Paid	38	67	86	40	42
Levered Free Cash Flow	-1,583	-4,173	-3,466	-4,433	-1,669
Unlevered Free Cash Flow	-1,397	-4,128	-3,407	-4,388	-1,647
Change in Working Capital	-3,269	-2,673	-535	-212	-270

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