Kyushu Railway Company 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	56,229	48,377	40,298	6,633
Depreciation & Amortization	38,410	34,974	31,836	29,027
Loss (Gain) From Sale of Assets	13,408	11,221	11,636	9,202
Loss (Gain) From Sale of Investments	-848	-7,973	-3,425	-
Loss (Gain) on Equity Investments	-	-546	-	-
Other Operating Activities	644	875	2,093	218
Change in Accounts Receivable	4,394	-10,317	-4,957	4,157
Change in Inventory	-6,450	5,163	-8,235	20,179
Change in Accounts Payable	6,100	2,655	-455	-4,308
Change in Other Net Operating Assets	-15,218	4,602	-6,707	-8,648
Operating Cash Flow	96,669	89,031	62,084	56,460
Operating Cash Flow Growth	8.58%	43.40%	9.96%	-
Capital Expenditures	-112,916	-133,655	-104,795	-101,475
Sale of Property, Plant & Equipment	749	9,029	-	-
Cash Acquisitions	-	-1,735	-	-
Divestitures	-	11,768	-	-
Investment in Securities	-4,516	-2,984	-2,279	-4,108
Other Investing Activities	9,273	5,684	9,493	9,511
Investing Cash Flow	-107,410	-111,893	-97,581	-95,729
Short-Term Debt Issued	-	22,159	-	35,000
Long-Term Debt Issued	76,769	63,868	55,401	42,751
Total Debt Issued	76,769	86,027	55,401	77,751
Short-Term Debt Repaid	-17,254	-	-19,613	-798
Long-Term Debt Repaid	-39,243	-38,826	-8,698	-4,673
Total Debt Repaid	-56,497	-38,826	-28,311	-5,471
Net Debt Issued (Repaid)	20,272	47,201	27,090	72,280
Issuance of Common Stock	624	-	-	-
Repurchase of Common Stock	-4,367	-	-	-
Common Dividends Paid	-21,943	-14,629	-14,629	-14,629
Other Financing Activities	-1,517	-320	-3,498	-5,112
Financing Cash Flow	-6,931	32,252	8,963	52,539
Foreign Exchange Rate Adjustments	148	107	106	419
Miscellaneous Cash Flow Adjustments	1,417	126	2	1
Net Cash Flow	-16,107	9,623	-26,426	13,690
Free Cash Flow	-16,247	-44,624	-42,711	-45,015
Free Cash Flow Margin	-3.58%	-10.62%	-11.14%	-13.66%
Free Cash Flow Per Share	-103.81	-284.01	-271.84	-286.50
Cash Interest Paid	2,741	1,938	1,570	1,419
Cash Income Tax Paid	357	-266	-391	1,884
Levered Free Cash Flow	-41,739	-78,630	-66,608	-63,930
Unlevered Free Cash Flow	-39,741	-77,257	-65,555	-62,983
Change in Working Capital	-11,174	2,103	-20,354	11,380

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