Shinhokoku Material Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012
Net Income	911	593	419	166	124
Depreciation & Amortization	159	125	124	132	144
Loss (Gain) From Sale of Assets	-	14	15	2	21
Loss (Gain) From Sale of Investments	-	-	-	-	-3
Other Operating Activities	-103	-21	-12	-2	2
Change in Accounts Receivable	12	-62	-222	-166	261
Change in Inventory	-281	26	-129	57	131
Change in Accounts Payable	-74	237	178	-43	-149
Change in Other Net Operating Assets	175	-430	-47	-35	-157
Operating Cash Flow	799	482	326	111	374
Operating Cash Flow Growth	65.77%	47.85%	193.69%	-70.32%	-
Capital Expenditures	-159	-125	-127	-74	-150
Sale of Property, Plant & Equipment	-	-	-	-	2
Divestitures	-	-	-	-	8
Sale (Purchase) of Intangibles	-11	-	-7	-	-
Investment in Securities	718	-200	-	-	-10
Other Investing Activities	-4	-4	-9	-	-2
Investing Cash Flow	544	-329	-143	-74	-152
Short-Term Debt Issued	-	-	-	147	-
Long-Term Debt Issued	-	317	300	100	296
Total Debt Issued	-	317	300	247	296
Short-Term Debt Repaid	-414	-60	-265	-	-135
Long-Term Debt Repaid	-223	-365	-206	-190	-399
Total Debt Repaid	-637	-425	-471	-190	-534
Net Debt Issued (Repaid)	-637	-108	-171	57	-238
Issuance of Common Stock	-	-	-	-	31
Common Dividends Paid	-64	-9	-9	-9	-9
Other Financing Activities	-10	-9	-10	-11	-5
Financing Cash Flow	-711	-126	-190	37	-221
Miscellaneous Cash Flow Adjustments	-	-1	1	-	-1
Net Cash Flow	632	26	-6	74	-
Free Cash Flow	640	357	199	37	224
Free Cash Flow Growth	79.27%	79.40%	437.84%	-83.48%	-
Free Cash Flow Margin	11.98%	7.48%	5.39%	1.27%	7.21%
Free Cash Flow Per Share	96.66	53.92	30.05	5.59	34.95
Cash Interest Paid	9	16	21	26	29
Cash Income Tax Paid	106	22	11	1	1
Levered Free Cash Flow	595.5	104.13	-22.75	-62.63	96.38
Unlevered Free Cash Flow	602.38	116	-9	-46.38	118.25
Change in Working Capital	-168	-229	-220	-187	86

Updated Mar 30, 2017. Source: S&P Global Market Intelligence. Standard template. Financial Sources.