ELEMENTS Cash Flow Statement

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Nov '24 Nov 30, 2024	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021	Nov '20 Nov 30, 2020
Net Income	-27	-27	-368	-672	-	-
Depreciation & Amortization	221	221	15	8	-	-
Loss (Gain) From Sale of Investments	-	-	5	6	-	-
Loss (Gain) on Equity Investments	25	25	28	-4	-	-
Other Operating Activities	-126	-126	-3	9	-	-
Change in Accounts Receivable	46	46	-204	27	-	-
Change in Inventory	-2	-2	2	-	-	-
Change in Accounts Payable	44	44	13	15	-	-
Change in Other Net Operating Assets	41	41	171	44	-	-
Operating Cash Flow	222	222	-341	-567	-	-
Capital Expenditures	-238	-238	-43	-10	-	-
Cash Acquisitions	-362	-362	-	-	-	-
Divestitures	-	-	-452	-	-	-
Sale (Purchase) of Intangibles	-298	-298	-120	-	-	-
Investment in Securities	50	50	-50	-	-	-
Other Investing Activities	11	11	-19	-	-	-
Investing Cash Flow	-837	-837	-684	-10	-	-
Short-Term Debt Issued	-	-	15	284	-	-
Long-Term Debt Issued	575	575	936	170	-	-
Total Debt Issued	575	575	951	454	-	-
Short-Term Debt Repaid	-499	-499	-	-	-	-
Long-Term Debt Repaid	-65	-65	-2	-84	-	-
Total Debt Repaid	-564	-564	-2	-84	-	-
Net Debt Issued (Repaid)	11	11	949	370	-	-
Issuance of Common Stock	389	389	659	-	-	-
Other Financing Activities	219	219	96	-	-	-
Financing Cash Flow	619	619	1,704	370	-	-
Miscellaneous Cash Flow Adjustments	-	-	-1	-33	-	-
Net Cash Flow	4	4	678	-240	-	-
Free Cash Flow	-16	-16	-384	-577	-	-
Free Cash Flow Margin	-0.63%	-0.63%	-19.79%	-34.95%	-	-
Free Cash Flow Per Share	-0.68	-0.68	-18.22	-40.56	-	-
Cash Interest Paid	25	25	18	12	-	-
Cash Income Tax Paid	127	127	1	1	-	-
Levered Free Cash Flow	-238.63	-238.63	-526.38	-360.75	-	-
Unlevered Free Cash Flow	-223	-223	-517.63	-354.5	-	-
Change in Net Working Capital	-67	-67	184	-10	78	-

Source: S&P Capital IQ. Standard template. Financial Sources.