GMO internet 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	5,563	113	181	712	565
Depreciation & Amortization	4,764	159	151	145	135
Loss (Gain) From Sale of Assets	-29	8	-	34	-
Asset Writedown & Restructuring Costs	242	-	-	-	-
Loss (Gain) From Sale of Investments	19	34	-	-	-
Loss (Gain) on Equity Investments	-	-2	1	-1	1
Stock-Based Compensation	206	-	-	-	-
Other Operating Activities	2,274	212	-374	-104	-229
Change in Accounts Receivable	-667	-19	390	-193	-129
Change in Accounts Payable	-560	-376	-608	284	23
Change in Other Net Operating Assets	1,857	-123	-653	4	-171
Operating Cash Flow	13,669	6	-912	881	195
Operating Cash Flow Growth	227716.67%	-	-	351.80%	-84.19%
Capital Expenditures	-976	-9	-22	-13	-27
Cash Acquisitions	-1,765	-	-	-	-
Divestitures	56	-	-	-	-
Sale (Purchase) of Intangibles	-967	-31	-127	-102	-206
Investment in Securities	72	-90	-66	-99	-65
Other Investing Activities	2,868	-14	147	17	92
Investing Cash Flow	-712	-144	-68	-197	-206
Long-Term Debt Issued	2,000	-	-	-	-
Total Debt Issued	2,000	-	-	-	-
Short-Term Debt Repaid	-1,925	-	-	-	-
Long-Term Debt Repaid	-2,368	-	-	-	-
Total Debt Repaid	-4,293	-	-	-	-
Net Debt Issued (Repaid)	-2,293	-	-	-	-
Issuance of Common Stock	88	1	28	126	20
Repurchase of Common Stock	-	-	-	-	-164
Common Dividends Paid	-4,113	-21	-200	-171	-131
Other Financing Activities	-8	-2	-5	-10	-10
Financing Cash Flow	-6,326	-22	-177	-55	-285
Foreign Exchange Rate Adjustments	174	-	-	-	-
Miscellaneous Cash Flow Adjustments	3,000	-	-	-1	-
Net Cash Flow	9,805	-160	-1,157	628	-296
Free Cash Flow	12,693	-3	-934	868	168
Free Cash Flow Growth	-	-	-	416.67%	-85.59%
Free Cash Flow Margin	16.16%	-0.02%	-6.27%	5.22%	0.49%
Free Cash Flow Per Share	46.28	-0.19	-57.96	54.48	10.50
Cash Interest Paid	128	-	-	-	-
Cash Income Tax Paid	260	-202	383	123	235
Levered Free Cash Flow	13,487	117.5	-1,145	863.38	6.38
Unlevered Free Cash Flow	13,567	117.5	-1,145	863.38	6.38
Change in Working Capital	630	-518	-871	95	-277

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