CellSeed Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	2012 - 2016
Period Ending	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	2012 - 2016
Net Income	-910	-780	-782	140	-964	Upgrade
Depreciation & Amortization	2	9	5	4	4	Upgrade
Loss (Gain) From Sale of Assets	25	37	-	-	-	Upgrade
Loss (Gain) on Equity Investments	20	14	-	-	-	Upgrade
Other Operating Activities	-2	6	-11	-1	161	Upgrade
Change in Accounts Receivable	17	10	271	-294	25	Upgrade
Change in Inventory	1	5	7	-34	10	Upgrade
Change in Accounts Payable	35	-4	-23	-50	34	Upgrade
Change in Other Net Operating Assets	-5	3	-44	-71	-17	Upgrade
Operating Cash Flow	-817	-700	-577	-306	-747	Upgrade
Capital Expenditures	-91	-7	-13	-1	-5	Upgrade
Sale (Purchase) of Intangibles	-	-3	-	-	-	Upgrade
Investment in Securities	-	-	-119	-	-	Upgrade
Other Investing Activities	-19	-2	-1	-	-	Upgrade
Investing Cash Flow	-110	-12	-133	-1	-5	Upgrade
Long-Term Debt Issued	-	160	-	-	-	Upgrade
Net Debt Issued (Repaid)	-	160	-	-	-	Upgrade
Issuance of Common Stock	396	942	721	24	1,040	Upgrade
Financing Cash Flow	396	1,102	721	24	1,040	Upgrade
Foreign Exchange Rate Adjustments	-	6	-3	-8	5	Upgrade
Miscellaneous Cash Flow Adjustments	2	-1	-1	-1	-	Upgrade
Net Cash Flow	-529	395	7	-292	293	Upgrade
Free Cash Flow	-908	-707	-590	-307	-752	Upgrade
Free Cash Flow Margin	-563.98%	-355.28%	-214.54%	-29.92%	-884.71%	Upgrade
Free Cash Flow Per Share	-52.80	-49.88	-50.22	-26.66	-72.59	Upgrade
Cash Income Tax Paid	3	-1	12	2	-	Upgrade
Levered Free Cash Flow	-580.63	-422.38	-292.13	-359.5	-438	Upgrade
Unlevered Free Cash Flow	-580.63	-422.38	-292.13	-359.5	-438	Upgrade
Change in Working Capital	48	14	211	-449	52	Upgrade

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