Otsuka Holdings Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2021
Period Ending	Dec '21 Dec 31, 2021
Net Income	163,638
Depreciation & Amortization	84,855
Loss (Gain) From Sale of Assets	6,479
Loss (Gain) on Equity Investments	-8,508
Other Operating Activities	-54,663
Change in Accounts Receivable	13,322
Change in Inventory	6,505
Change in Accounts Payable	-12,162
Change in Other Net Operating Assets	29,398
Operating Cash Flow	228,864
Capital Expenditures	-52,453
Sale of Property, Plant & Equipment	1,697
Cash Acquisitions	-8,035
Sale (Purchase) of Intangibles	-60,699
Investment in Securities	22,082
Other Investing Activities	2,120
Investing Cash Flow	-95,288
Short-Term Debt Issued	10
Long-Term Debt Issued	220
Total Debt Issued	230
Long-Term Debt Repaid	-21,131
Total Debt Repaid	-21,131
Net Debt Issued (Repaid)	-20,901
Repurchase of Common Stock	-1
Common Dividends Paid	-55,984
Other Financing Activities	-18,958
Financing Cash Flow	-95,844
Foreign Exchange Rate Adjustments	16,101
Net Cash Flow	53,833
Free Cash Flow	176,411
Free Cash Flow Margin	11.77%
Free Cash Flow Per Share	325.25
Cash Interest Paid	2,662
Cash Income Tax Paid	52,144
Levered Free Cash Flow	115,730
Unlevered Free Cash Flow	117,363
Change in Working Capital	37,063

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.