SM ENTERTAINMENT JAPAN 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	448	984	203	-289	-455
Depreciation & Amortization	11	14	19	68	40
Loss (Gain) From Sale of Assets	-	16	1	71	-
Loss (Gain) From Sale of Investments	-	-626	-14	-134	3
Other Operating Activities	-53	-4	-4	-5	-
Change in Accounts Receivable	521	-1,040	-2,468	-1,882	1,258
Change in Inventory	576	-664	-292	168	594
Change in Accounts Payable	53	1,033	1,821	1,791	-1,660
Change in Other Net Operating Assets	-134	-275	-310	99	375
Operating Cash Flow	1,422	-562	-1,044	-113	155
Capital Expenditures	-7	-28	-6	-15	-4
Sale of Property, Plant & Equipment	-	23	-	2	-
Divestitures	-	-	-	-221	-
Sale (Purchase) of Intangibles	-	-4	-4	-89	-159
Investment in Securities	-	631	51	-	-
Other Investing Activities	-50	-27	-2	-2	106
Investing Cash Flow	-54	598	39	-222	-29
Issuance of Common Stock	-	-	-	-13	153
Common Dividends Paid	-115	-	-	-	-
Other Financing Activities	-1	-1	-	-4	-5
Financing Cash Flow	-116	-1	-	-17	148
Foreign Exchange Rate Adjustments	-	3	3	7	1
Miscellaneous Cash Flow Adjustments	-1	-	-	1	-
Net Cash Flow	1,251	38	-1,002	-344	275
Free Cash Flow	1,415	-590	-1,050	-128	151
Free Cash Flow Margin	13.88%	-6.07%	-11.79%	-1.81%	2.68%
Free Cash Flow Per Share	12.21	-5.09	-9.06	-1.10	1.30
Cash Income Tax Paid	54	5	4	7	-
Levered Free Cash Flow	1,387	-734.88	-1,199	-392.13	105
Unlevered Free Cash Flow	1,387	-734.88	-1,199	-392.13	105
Change in Working Capital	1,016	-946	-1,249	176	567