GMO Media Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	888	759	526	267	60
Depreciation & Amortization	113	52	46	44	36
Loss (Gain) From Sale of Assets	8	-	13	39	-
Other Operating Activities	-216	-180	-170	-67	-23
Change in Accounts Receivable	49	-31	17	-26	-436
Change in Inventory	-62	1	-	11	-12
Change in Accounts Payable	63	-58	163	-95	867
Change in Other Net Operating Assets	15	-43	-3	222	18
Operating Cash Flow	858	500	592	395	510
Operating Cash Flow Growth	71.60%	-15.54%	49.87%	-22.55%	203.57%
Capital Expenditures	-2	-3	-3	-9	-4
Cash Acquisitions	-	-232	-	-	-
Sale (Purchase) of Intangibles	-40	-89	-85	-137	-59
Investment in Securities	-10	-75	-25	-25	-40
Other Investing Activities	-263	-	2	-	49
Investing Cash Flow	-315	-399	-111	-171	-54
Long-Term Debt Repaid	-49	-	-	-	-
Total Debt Repaid	-49	-	-	-	-
Net Debt Issued (Repaid)	-49	-	-	-	-
Issuance of Common Stock	34	93	28	14	-
Repurchase of Common Stock	-	-82	-	-	-
Common Dividends Paid	-349	-182	-92	-3	-
Other Financing Activities	-	-5	-7	-9	-11
Financing Cash Flow	-364	-176	-71	2	-11
Miscellaneous Cash Flow Adjustments	-	1	-1	-1	-
Net Cash Flow	179	-74	409	225	445
Free Cash Flow	856	497	589	386	506
Free Cash Flow Growth	72.23%	-15.62%	52.59%	-23.71%	218.24%
Free Cash Flow Margin	12.03%	7.52%	9.40%	6.91%	5.90%
Free Cash Flow Per Share	468.75	275.61	333.48	223.52	295.65
Cash Income Tax Paid	217	180	174	70	23
Levered Free Cash Flow	701.75	319.88	451.75	243.75	548.63
Unlevered Free Cash Flow	701.75	319.88	451.75	243.75	548.63
Change in Working Capital	65	-131	177	112	437