Medley 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	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	4,068	3,802	1,523	764	422
Depreciation & Amortization	1,708	701	623	496	159
Loss (Gain) From Sale of Assets	10	-	2	1	-
Loss (Gain) From Sale of Investments	-	-46	-	-	-
Other Operating Activities	-204	241	-262	-125	-107
Change in Accounts Receivable	-749	-286	-242	-202	-58
Change in Inventory	35	-87	-48	13	-4
Change in Accounts Payable	461	592	677	117	113
Change in Other Net Operating Assets	-2,882	-1,046	-260	-26	280
Operating Cash Flow	2,447	3,871	2,013	1,038	805
Operating Cash Flow Growth	-36.79%	92.30%	93.93%	28.94%	56.92%
Capital Expenditures	-66	-196	-146	-63	-22
Sale of Property, Plant & Equipment	14	5	36	-	-
Cash Acquisitions	-10,771	-644	-388	-1,910	-55
Sale (Purchase) of Intangibles	-222	-207	-232	-178	-191
Investment in Securities	1,162	-287	-67	-907	-
Other Investing Activities	-836	-333	46	-236	-15
Investing Cash Flow	-10,719	-1,662	-751	-3,294	-283
Long-Term Debt Issued	15,700	-	-	-	3,500
Total Debt Issued	15,700	-	-	-	3,500
Short-Term Debt Repaid	-	-374	-	-540	-
Long-Term Debt Repaid	-3,147	-903	-1,024	-864	-309
Total Debt Repaid	-3,147	-1,277	-1,024	-1,404	-309
Net Debt Issued (Repaid)	12,553	-1,277	-1,024	-1,404	3,191
Issuance of Common Stock	43	101	104	5,398	5,860
Repurchase of Common Stock	-	-	-	-1,773	-
Other Financing Activities	-697	-42	-7	-1	1
Financing Cash Flow	11,899	-1,218	-927	2,220	9,052
Foreign Exchange Rate Adjustments	14	9	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-2	2	-
Net Cash Flow	3,641	1,000	333	-34	9,574
Free Cash Flow	2,381	3,675	1,867	975	783
Free Cash Flow Growth	-35.21%	96.84%	91.49%	24.52%	58.18%
Free Cash Flow Margin	8.13%	17.90%	13.16%	8.97%	11.46%
Free Cash Flow Per Share	72.85	112.48	57.16	29.70	24.86
Cash Interest Paid	67	11	10	18	11
Cash Income Tax Paid	1,965	585	496	159	126
Levered Free Cash Flow	1,514	1,998	1,766	736.88	513.25
Unlevered Free Cash Flow	1,556	2,004	1,773	748.13	519.5
Change in Working Capital	-3,135	-827	127	-98	331

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.