Spacemarket,Inc. 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	231	177	-203	-113	65
Depreciation & Amortization	108	68	68	56	30
Other Operating Activities	-27	-11	5	-36	-3
Change in Accounts Receivable	-17	-13	-4	36	6
Change in Accounts Payable	151	112	169	30	157
Change in Other Net Operating Assets	-431	48	180	-132	-170
Operating Cash Flow	15	381	215	-159	85
Operating Cash Flow Growth	-96.06%	77.21%	-	-	-
Capital Expenditures	-44	-22	-27	-6	-80
Cash Acquisitions	-117	-	-36	-36	-57
Sale (Purchase) of Intangibles	-92	-59	-13	-37	-38
Investment in Securities	-	-	-	-	-5
Other Investing Activities	-3	-3	-13	-3	-44
Investing Cash Flow	-256	-84	-89	-82	-224
Short-Term Debt Issued	-	-	-	150	-
Long-Term Debt Issued	510	60	20	-	-
Total Debt Issued	510	60	20	150	-
Long-Term Debt Repaid	-26	-8	-33	-37	-76
Net Debt Issued (Repaid)	484	52	-13	113	-76
Issuance of Common Stock	-	3	-	3	10
Other Financing Activities	1	1	1	-1	1
Financing Cash Flow	485	56	-12	115	-65
Miscellaneous Cash Flow Adjustments	1	-	-1	-	-
Net Cash Flow	245	353	113	-126	-204
Free Cash Flow	-29	359	188	-165	5
Free Cash Flow Growth	-	90.96%	-	-	-
Free Cash Flow Margin	-1.13%	18.22%	12.02%	-13.39%	0.41%
Free Cash Flow Per Share	-2.39	29.66	15.72	-13.87	0.41
Cash Interest Paid	10	1	1	-	-
Cash Income Tax Paid	25	13	-3	34	3
Levered Free Cash Flow	-133.88	225	385.13	-179.25	-
Unlevered Free Cash Flow	-127.63	225.63	385.75	-179.25	-
Change in Working Capital	-297	147	345	-66	-7