Vertex Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	6,348	5,875	5,901	6,391	5,516
Depreciation & Amortization	1,448	1,348	1,044	821	1,082
Loss (Gain) From Sale of Assets	341	20	6	-76	105
Loss (Gain) From Sale of Investments	94	54	80	28	31
Loss (Gain) on Equity Investments	-4	7	5	15	-
Other Operating Activities	-2,110	-1,471	-2,435	-2,016	-1,547
Change in Accounts Receivable	2,347	-562	131	903	-158
Change in Inventory	-736	192	38	-588	-52
Change in Accounts Payable	-1,042	1,130	-552	-43	-698
Change in Other Net Operating Assets	-310	-1,001	-359	-440	-56
Operating Cash Flow	6,376	5,592	3,859	4,995	4,223
Operating Cash Flow Growth	14.02%	44.91%	-22.74%	18.28%	43.54%
Capital Expenditures	-1,056	-1,099	-1,409	-1,569	-938
Sale of Property, Plant & Equipment	270	289	83	348	444
Cash Acquisitions	-	-	-2,471	-	36
Sale (Purchase) of Intangibles	-68	-56	-15	-130	-126
Investment in Securities	36	30	664	74	161
Other Investing Activities	1,025	294	193	119	8
Investing Cash Flow	215	-526	-2,941	-1,141	-397
Short-Term Debt Issued	-	-	-	79	270
Long-Term Debt Issued	-	-	1,323	2	1,260
Total Debt Issued	-	-	1,323	81	1,530
Short-Term Debt Repaid	-616	-110	-1,130	-	-
Long-Term Debt Repaid	-226	-438	-764	-1,345	-1,419
Total Debt Repaid	-842	-548	-1,894	-1,345	-1,419
Net Debt Issued (Repaid)	-842	-548	-571	-1,264	111
Repurchase of Common Stock	-1,302	-800	-770	-557	-206
Common Dividends Paid	-1,038	-801	-716	-787	-528
Other Financing Activities	-3	-3	-9	-9	-15
Financing Cash Flow	-3,185	-2,152	-2,066	-2,617	-638
Miscellaneous Cash Flow Adjustments	-	-	1	-1	-1
Net Cash Flow	3,406	2,914	-1,147	1,236	3,187
Free Cash Flow	5,320	4,493	2,450	3,426	3,285
Free Cash Flow Growth	18.41%	83.39%	-28.49%	4.29%	80.30%
Free Cash Flow Margin	13.67%	12.20%	6.27%	9.13%	8.70%
Free Cash Flow Per Share	103.66	85.33	45.48	64.32	61.94
Cash Interest Paid	34	29	26	26	41
Cash Income Tax Paid	2,106	1,473	2,444	2,022	1,552
Levered Free Cash Flow	4,132	5,050	1,715	2,800	2,929
Unlevered Free Cash Flow	4,152	5,067	1,731	2,816	2,954
Change in Working Capital	259	-241	-742	-168	-964

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.