Dentsu Soken 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	21,351	20,951	17,651	13,171	10,950
Depreciation & Amortization	3,820	3,200	3,103	2,989	2,865
Loss (Gain) From Sale of Assets	67	102	-	-	-
Loss (Gain) From Sale of Investments	-326	191	82	53	551
Loss (Gain) on Equity Investments	81	55	230	392	758
Other Operating Activities	-5,860	-5,699	-5,732	-4,131	-2,772
Change in Accounts Receivable	2,568	-4,932	-5,729	1,377	-4,246
Change in Inventory	-43	73	-69	592	597
Change in Accounts Payable	892	413	4,051	4,191	1,160
Change in Other Net Operating Assets	1,171	-1,308	-1,673	-1,653	124
Operating Cash Flow	23,721	13,046	11,914	16,981	9,987
Operating Cash Flow Growth	81.83%	9.50%	-29.84%	70.03%	-6.16%
Capital Expenditures	-333	-184	-458	-291	-274
Cash Acquisitions	-9,168	25	-15	-	-813
Sale (Purchase) of Intangibles	-2,848	-2,194	-2,430	-2,148	-1,614
Investment in Securities	423	-138	-385	-248	-158
Other Investing Activities	40	132	156	64	-348
Investing Cash Flow	-11,886	-2,359	-3,132	-2,815	-3,230
Issuance of Common Stock	12	7	-	-	-
Repurchase of Common Stock	-	-1	-384	-	-
Common Dividends Paid	-7,168	-5,799	-4,105	-3,290	-2,769
Other Financing Activities	-826	-909	-930	-1,171	-1,173
Financing Cash Flow	-7,982	-6,702	-5,419	-4,461	-3,942
Foreign Exchange Rate Adjustments	353	225	194	242	-21
Miscellaneous Cash Flow Adjustments	-	-	-1	28	-2
Net Cash Flow	4,206	4,210	3,556	9,975	2,792
Free Cash Flow	23,388	12,862	11,456	16,690	9,713
Free Cash Flow Growth	81.84%	12.27%	-31.36%	71.83%	-4.63%
Free Cash Flow Margin	15.32%	9.02%	8.88%	14.89%	8.94%
Free Cash Flow Per Share	119.80	65.89	58.66	85.37	49.69
Cash Interest Paid	36	27	22	37	39
Cash Income Tax Paid	5,839	5,693	5,735	4,129	2,786
Levered Free Cash Flow	18,661	8,453	7,596	14,179	7,221
Unlevered Free Cash Flow	18,683	8,470	7,610	14,200	7,246
Change in Working Capital	4,588	-5,754	-3,420	4,507	-2,365

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