Universal Entertainment 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	-242,271	-6,842	37,948	8,450	-14,966
Depreciation & Amortization	19,707	18,048	17,254	18,739	18,477
Loss (Gain) From Sale of Assets	226,207	-51	134	3,045	4,003
Loss (Gain) From Sale of Investments	4	230	-	4	117
Loss (Gain) on Equity Investments	-2,027	-9	6,747	2,627	-1,548
Other Operating Activities	4,011	7,036	1,102	7,758	3,767
Change in Accounts Receivable	-815	5,335	-1,288	1,677	-3,606
Change in Inventory	2,640	-4,976	-461	-2,537	-1,070
Change in Accounts Payable	2,503	-6,356	350	2,609	1,476
Change in Other Net Operating Assets	1,094	-10,897	-33,769	-17,911	-4,905
Operating Cash Flow	11,053	1,518	28,017	24,461	1,745
Operating Cash Flow Growth	628.13%	-94.58%	14.54%	1301.78%	-43.93%
Capital Expenditures	-8,559	-8,554	-10,969	-7,534	-8,426
Sale of Property, Plant & Equipment	3,371	105	73	34	-
Divestitures	1,345	-	-	-	-
Sale (Purchase) of Intangibles	-696	-475	-764	-493	-242
Investment in Securities	-10	-10	-10	-9	465
Other Investing Activities	-3	162	638	-352	-879
Investing Cash Flow	-3,923	-13,371	-10,124	-8,996	-7,037
Long-Term Debt Issued	71,990	123,659	-	-	15,889
Total Debt Issued	71,990	123,659	-	-	15,889
Short-Term Debt Repaid	-	-	-	-6,452	-577
Long-Term Debt Repaid	-62,633	-130,989	-7,698	-4,179	-16,267
Total Debt Repaid	-62,633	-130,989	-7,698	-10,631	-16,844
Net Debt Issued (Repaid)	9,357	-7,330	-7,698	-10,631	-955
Common Dividends Paid	-	-2,324	-3,099	-	-
Other Financing Activities	-107	-144	-529	-615	-864
Financing Cash Flow	9,250	-9,798	-11,326	-11,246	-1,819
Foreign Exchange Rate Adjustments	-176	1,108	1,831	1,130	524
Miscellaneous Cash Flow Adjustments	-3,721	147	-1	-103	-
Net Cash Flow	12,483	-20,396	8,397	5,246	-6,587
Free Cash Flow	2,494	-7,036	17,048	16,927	-6,681
Free Cash Flow Growth	-	-	0.71%	-	-
Free Cash Flow Margin	2.03%	-5.57%	9.52%	12.01%	-7.39%
Free Cash Flow Per Share	32.19	-90.80	220.00	218.45	-86.22
Cash Interest Paid	11,008	11,478	13,820	8,982	6,321
Cash Income Tax Paid	100	156	371	408	456
Levered Free Cash Flow	-4,346	-2,899	-4,970	13,718	7,865
Unlevered Free Cash Flow	5,477	9,244	5,061	22,494	14,455
Change in Working Capital	5,422	-16,894	-35,168	-16,162	-8,105

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