R1 RCM 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	2016 - 2020
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	2016 - 2020
Net Income	688	643	585	593	508	Upgrade
Depreciation & Amortization	434	363	303	275	307	Upgrade
Loss (Gain) From Sale of Assets	4	-	1	1	1	Upgrade
Other Operating Activities	-162	-273	-215	-134	-286	Upgrade
Change in Accounts Receivable	415	390	474	-430	-34	Upgrade
Change in Inventory	-524	-676	-279	417	-114	Upgrade
Change in Accounts Payable	444	660	119	240	-483	Upgrade
Change in Other Net Operating Assets	286	-4	189	-70	-39	Upgrade
Operating Cash Flow	1,585	1,103	1,177	892	-140	Upgrade
Operating Cash Flow Growth	43.70%	-6.29%	31.95%	-	-	Upgrade
Capital Expenditures	-420	-842	-500	-247	-217	Upgrade
Sale of Property, Plant & Equipment	-	-	2	1	-	Upgrade
Sale (Purchase) of Intangibles	-183	-50	-78	-84	-99	Upgrade
Investment in Securities	599	-1,360	-200	999	-502	Upgrade
Other Investing Activities	-2	-	-1	-2	-2	Upgrade
Investing Cash Flow	-6	-2,252	-777	667	-820	Upgrade
Dividends Paid	-193	-160	-128	-112	-192	Upgrade
Other Financing Activities	-14	-12	-4	-6	-22	Upgrade
Financing Cash Flow	-207	-172	-132	-118	-214	Upgrade
Miscellaneous Cash Flow Adjustments	-2	1	-1	1	-1	Upgrade
Net Cash Flow	1,370	-1,320	267	1,442	-1,175	Upgrade
Free Cash Flow	1,165	261	677	645	-357	Upgrade
Free Cash Flow Growth	346.36%	-61.45%	4.96%	-	-	Upgrade
Free Cash Flow Margin	8.73%	2.71%	7.47%	6.36%	-3.78%	Upgrade
Free Cash Flow Per Share	357.95	80.28	208.92	199.02	-110.46	Upgrade
Cash Income Tax Paid	164	305	213	128	288	Upgrade
Levered Free Cash Flow	949.5	272.38	490.75	482.75	-616.38	Upgrade
Unlevered Free Cash Flow	949.5	272.38	490.75	482.75	-616.38	Upgrade
Change in Net Working Capital	-736	-457	-422	-195	903	Upgrade

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