Arent Cash Flow Statement

Financials in millions JPY. Fiscal year is July - June.

Millions JPY. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	1,092	961	522	-	-
Depreciation & Amortization	128	24	17	-	-
Loss (Gain) on Equity Investments	351	320	369	-	-
Other Operating Activities	-373	-290	-58	-	-
Change in Accounts Receivable	19	-164	-48	-	-
Change in Inventory	1	3	-8	-	-
Change in Accounts Payable	-180	6	140	-	-
Change in Other Net Operating Assets	-198	-10	-101	-	-
Operating Cash Flow	840	850	833	-	-
Operating Cash Flow Growth	-1.18%	2.04%	-	-	-
Capital Expenditures	-30	-19	-10	-	-
Cash Acquisitions	-223	-	-399	-	-
Sale (Purchase) of Intangibles	-69	-1	-42	-	-
Other Investing Activities	-19	-23	-3	-	-
Investing Cash Flow	-841	-43	-454	-	-
Short-Term Debt Issued	-	-	120	-	-
Long-Term Debt Issued	100	-	-	-	-
Total Debt Issued	100	-	120	-	-
Short-Term Debt Repaid	-	-	-182	-	-
Long-Term Debt Repaid	-172	-170	-185	-	-
Total Debt Repaid	-172	-170	-367	-	-
Net Debt Issued (Repaid)	-72	-170	-247	-	-
Issuance of Common Stock	53	1	1,152	-	-
Other Financing Activities	-	1	-1	-	-
Financing Cash Flow	-19	-168	904	-	-
Foreign Exchange Rate Adjustments	-6	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-1	-	-	-
Net Cash Flow	-26	638	1,283	-	-
Free Cash Flow	810	831	823	-	-
Free Cash Flow Growth	-2.53%	0.97%	-	-	-
Free Cash Flow Margin	20.11%	28.27%	40.70%	-	-
Free Cash Flow Per Share	120.40	120.94	132.43	-	-
Cash Interest Paid	3	5	7	-	-
Cash Income Tax Paid	383	290	114	-	-
Levered Free Cash Flow	1,341	646.38	547.5	-	-
Unlevered Free Cash Flow	1,343	649.5	552.5	-	-
Change in Working Capital	-358	-165	-17	-	-

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