Airman 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	6,886	7,275	5,377	4,046	2,895
Depreciation & Amortization	1,109	1,135	944	1,022	938
Loss (Gain) From Sale of Assets	1	47	12	10	25
Loss (Gain) From Sale of Investments	-	-4	4	-2	-
Loss (Gain) on Equity Investments	-158	-103	-87	-84	-22
Other Operating Activities	-2,666	-1,996	-1,577	-994	-934
Change in Accounts Receivable	2,418	252	-3,869	-1,261	732
Change in Inventory	-1,339	-1,459	57	-1,174	994
Change in Accounts Payable	-2,498	-947	2,082	1,583	-516
Change in Other Net Operating Assets	157	-230	-74	-870	-13
Operating Cash Flow	3,910	3,970	2,869	2,276	4,099
Operating Cash Flow Growth	-1.51%	38.38%	26.05%	-44.47%	-3.78%
Capital Expenditures	-852	-2,073	-999	-1,105	-1,964
Sale of Property, Plant & Equipment	1	8	-	5	-
Sale (Purchase) of Intangibles	-232	-119	-106	-22	-26
Investment in Securities	16	63	237	506	-27
Other Investing Activities	-17	-636	1	1	-
Investing Cash Flow	-1,084	-2,757	-867	-615	-2,017
Long-Term Debt Issued	7,000	355	1,300	-	-
Long-Term Debt Repaid	-373	-337	-130	-975	-375
Net Debt Issued (Repaid)	6,627	18	1,170	-975	-375
Issuance of Common Stock	497	46	-	-	-
Repurchase of Common Stock	-1,043	-1,026	-238	-442	-591
Common Dividends Paid	-1,609	-1,428	-1,003	-786	-739
Other Financing Activities	-101	-99	-87	-19	-26
Financing Cash Flow	4,371	-2,489	-158	-2,222	-1,731
Foreign Exchange Rate Adjustments	393	92	53	125	26
Miscellaneous Cash Flow Adjustments	1	-	-2	-	-1
Net Cash Flow	7,591	-1,184	1,895	-436	376
Free Cash Flow	3,058	1,897	1,870	1,171	2,135
Free Cash Flow Growth	61.20%	1.44%	59.69%	-45.15%	8.82%
Free Cash Flow Margin	5.58%	3.65%	3.82%	3.19%	6.48%
Free Cash Flow Per Share	110.44	67.77	66.02	40.80	73.78
Cash Interest Paid	47	13	8	8	11
Cash Income Tax Paid	2,674	2,113	1,579	1,027	1,099
Levered Free Cash Flow	2,324	220	1,266	604.63	657.38
Unlevered Free Cash Flow	2,360	227.5	1,271	610.25	664.25
Change in Working Capital	-1,262	-2,384	-1,804	-1,722	1,197

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