AppBank Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-515	-419	-288	-185	-177
Depreciation & Amortization	15	18	12	9	4
Loss (Gain) From Sale of Assets	332	-	13	-8	-8
Loss (Gain) From Sale of Investments	-	-	-	-	55
Other Operating Activities	-4	1	4	-2	-2
Change in Accounts Receivable	84	10	9	-	-8
Change in Inventory	3	-5	-	-4	11
Change in Accounts Payable	-76	55	19	8	-37
Change in Other Net Operating Assets	-18	40	15	-12	-9
Operating Cash Flow	-179	-300	-216	-194	-171
Capital Expenditures	-1	-6	-2	-28	-2
Cash Acquisitions	-	-	-	-1	-5
Divestitures	-	-	-	-	-49
Sale (Purchase) of Intangibles	-	-	-	19	10
Investment in Securities	-	-	-	-	1
Other Investing Activities	35	-	-2	-8	-39
Investing Cash Flow	34	-6	-4	-18	-84
Long-Term Debt Issued	-	50	-	-	-
Short-Term Debt Repaid	-	-	-	-	-1
Long-Term Debt Repaid	-	-5	-4	-16	-131
Total Debt Repaid	-	-5	-4	-16	-132
Net Debt Issued (Repaid)	-	45	-4	-16	-132
Issuance of Common Stock	724	302	106	-	2
Other Financing Activities	-	-	-1	-	-
Financing Cash Flow	724	347	101	-16	-130
Miscellaneous Cash Flow Adjustments	85	-1	-	-1	-1
Net Cash Flow	664	40	-119	-229	-386
Free Cash Flow	-180	-306	-218	-222	-173
Free Cash Flow Margin	-14.49%	-62.45%	-56.19%	-64.91%	-31.63%
Free Cash Flow Per Share	-10.15	-30.09	-27.14	-28.29	-22.04
Cash Income Tax Paid	6	-	-	-	1
Levered Free Cash Flow	-	-143.88	-112.5	-130.63	-102
Unlevered Free Cash Flow	-	-143.88	-112.5	-130.63	-102
Change in Working Capital	-7	100	43	-8	-43