Dentsu Group Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-293,717	-306,789	-139,759	33,103	100,908	208,833
Depreciation & Amortization	74,045	74,610	81,449	78,719	74,170	74,876
Loss (Gain) From Sale of Assets	-29,727	402,563	235,257	72,101	19,146	-117,607
Loss (Gain) From Sale of Investments	-52	1,964	-844	987	-5,463	-
Loss (Gain) on Equity Investments	-4,443	-3,868	-3,009	-3,654	-3,418	-2,448
Other Operating Activities	-4,913	-41,672	-23,205	-41,854	-113,551	-100,342
Change in Accounts Receivable	-99,370	-101,423	-63,482	70,241	17,533	-129,293
Change in Inventory	-7,610	-2,911	707	-2,188	16,975	-779
Change in Accounts Payable	94,475	64,429	-49,888	-83,218	-17,405	141,372
Change in Other Net Operating Assets	3,638	31,069	22,758	-48,970	-7,999	65,103
Operating Cash Flow	136,444	117,972	59,984	75,267	80,896	139,715
Operating Cash Flow Growth	-15.46%	96.67%	-20.30%	-6.96%	-42.10%	58.20%
Capital Expenditures	-26,522	-26,916	-25,684	-28,892	-18,526	-21,036
Sale of Property, Plant & Equipment	31,028	30	120	1,269	13,941	33,971
Cash Acquisitions	-5,964	-5,854	-24,550	-136,556	-39,173	-47,415
Divestitures	-13,733	113	2,207	12	-1,700	-2,256
Investment in Securities	12,861	27,694	17,240	17,194	18,095	-1,867
Other Investing Activities	2,560	2,077	-241	676	3,017	300,829
Investing Cash Flow	230	-2,856	-30,908	-146,297	-24,346	262,226
Short-Term Debt Issued	-	5,617	5,668	12,884	-	-
Long-Term Debt Issued	-	40,015	40,000	221,000	610	2,998
Total Debt Issued	16,881	45,632	45,668	233,884	610	2,998
Short-Term Debt Repaid	-	-	-	-	-5,832	-3,334
Long-Term Debt Repaid	-	-129,187	-12	-293,824	-55,791	-37,368
Total Debt Repaid	-173,503	-129,187	-12	-293,824	-61,623	-40,702
Net Debt Issued (Repaid)	-156,622	-83,555	45,656	-59,940	-61,013	-37,704
Repurchase of Common Stock	-3	-2	-20,006	-4	-40,006	-30,010
Common Dividends Paid	-	-18,105	-34,323	-43,229	-37,035	-20,888
Other Financing Activities	-48,527	-78,811	-57,041	-50,508	-50,138	-143,587
Financing Cash Flow	-205,152	-180,473	-65,714	-153,681	-188,192	-232,189
Foreign Exchange Rate Adjustments	9,197	6,099	17,114	11,117	13,932	23,095
Miscellaneous Cash Flow Adjustments	2	-17,548	835	532	-2,091	2
Net Cash Flow	-59,279	-76,806	-18,689	-213,062	-119,801	192,849
Free Cash Flow	109,922	91,056	34,300	46,375	62,370	118,679
Free Cash Flow Growth	-20.30%	165.47%	-26.04%	-25.64%	-47.45%	77.56%
Free Cash Flow Margin	7.60%	6.34%	2.43%	3.55%	5.01%	10.93%
Free Cash Flow Per Share	423.45	350.78	131.11	175.40	231.32	423.90
Cash Interest Paid	26,330	25,131	28,598	30,441	20,511	17,064
Cash Income Tax Paid	46,323	45,347	25,651	47,601	115,764	103,813
Levered Free Cash Flow	114,973	23,319	123,236	22,933	58,222	60,834
Unlevered Free Cash Flow	132,338	39,357	141,524	41,363	72,098	71,703
Change in Working Capital	-8,867	-8,836	-89,905	-64,135	9,104	76,403

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