H2O Retailing 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
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	51,330	22,289	21,146	15,586
Depreciation & Amortization	24,498	20,477	19,666	18,409
Loss (Gain) From Sale of Assets	1,918	3,187	-8,976	-10,613
Loss (Gain) From Sale of Investments	-16,246	-21	-3,495	-6,085
Loss (Gain) on Equity Investments	-784	-654	281	901
Other Operating Activities	-5,806	-6,996	-4,689	-3,129
Change in Accounts Receivable	-251	-6,072	-8,655	-3,420
Change in Inventory	376	1,162	1,234	2,992
Change in Accounts Payable	-1,440	15,805	10,566	-7,575
Change in Other Net Operating Assets	-7,327	155	3,217	-601
Operating Cash Flow	46,268	49,332	30,295	6,465
Operating Cash Flow Growth	-6.21%	62.84%	368.60%	-49.31%
Capital Expenditures	-20,215	-17,507	-23,925	-26,304
Sale of Property, Plant & Equipment	5,883	10,152	13,896	19,771
Cash Acquisitions	-11,860	-	-	-
Divestitures	1,351	-	-	-18
Sale (Purchase) of Intangibles	-10,761	-12,879	-6,784	-3,873
Investment in Securities	19,381	-375	16,694	8,761
Other Investing Activities	1,343	545	570	20
Investing Cash Flow	-13,304	-17,752	5,782	-5,203
Long-Term Debt Issued	1,129	-	5,000	32,000
Total Debt Issued	1,129	-	5,000	32,000
Long-Term Debt Repaid	-10,431	-15,431	-1,181	-46,840
Total Debt Repaid	-10,431	-15,431	-1,181	-46,840
Net Debt Issued (Repaid)	-9,302	-15,431	3,819	-14,840
Repurchase of Common Stock	-28,530	-1,885	-8,855	-473
Common Dividends Paid	-4,233	-2,895	-3,080	-3,093
Other Financing Activities	-2,925	-2,320	-4,433	-10,172
Financing Cash Flow	-44,990	-22,531	-12,549	-28,578
Foreign Exchange Rate Adjustments	592	305	317	763
Miscellaneous Cash Flow Adjustments	1	-1	-	9,736
Net Cash Flow	-11,433	9,353	23,845	-16,817
Free Cash Flow	26,053	31,825	6,370	-19,839
Free Cash Flow Growth	-18.14%	399.61%	-	-
Free Cash Flow Margin	3.82%	4.84%	1.01%	-3.83%
Free Cash Flow Per Share	216.24	273.20	52.42	-159.28
Cash Interest Paid	917	880	949	945
Cash Income Tax Paid	5,921	7,225	4,237	2,228
Levered Free Cash Flow	19,639	16,691	2,307	-9,504
Unlevered Free Cash Flow	20,177	17,244	2,908	-8,916
Change in Working Capital	-8,642	11,050	6,362	-8,604

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