Japan Airlines Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	137,604	158,900	139,306	52,429	-246,617
Depreciation & Amortization	166,175	155,907	149,960	158,197	178,785
Loss (Gain) From Sale of Assets	-13,415	-2,143	14,832	-7,386	-727
Loss (Gain) on Equity Investments	-1,645	-939	-469	3,353	9,901
Other Operating Activities	83,941	4,403	8,181	-1,902	522
Change in Accounts Receivable	-35,371	-36,300	-583	-55,997	-26,844
Change in Inventory	-10,102	-6,250	-6,686	-4,881	-2,421
Change in Accounts Payable	23,009	16,694	21,421	42,240	-4,713
Change in Unearned Revenue	46,647	-	-	-	-
Change in Other Net Operating Assets	-1,964	91,255	37,983	106,855	-11,431
Operating Cash Flow	394,879	381,527	363,945	292,908	-103,545
Operating Cash Flow Growth	3.50%	4.83%	24.25%	-	-
Capital Expenditures	-202,424	-289,983	-218,075	-117,488	-161,306
Sale of Property, Plant & Equipment	18,522	9,134	2,305	13,102	4,289
Cash Acquisitions	-	-	-	-3,087	-4,968
Investment in Securities	-10,091	-	-	-	-
Other Investing Activities	10,417	-1,239	22,429	-996	-9,761
Investing Cash Flow	-183,103	-281,107	-195,099	-112,766	-173,769
Short-Term Debt Issued	19,591	1,220	-	6,756	19
Long-Term Debt Issued	24,500	107,037	44,486	53,231	433,905
Total Debt Issued	44,091	108,257	44,486	59,987	433,924
Short-Term Debt Repaid	-	-	-7,385	-	-
Long-Term Debt Repaid	-88,550	-97,206	-80,819	-58,777	-40,259
Total Debt Repaid	-88,550	-97,206	-88,204	-58,777	-40,259
Net Debt Issued (Repaid)	-44,459	11,051	-43,718	1,210	393,665
Issuance of Common Stock	177,160	-	-	-	-
Repurchase of Common Stock	-20,000	-	-	-	-
Common Dividends Paid	-43,129	-37,060	-23,924	-2	-7
Other Financing Activities	-24,947	-38,901	-37,389	-39,673	-34,378
Financing Cash Flow	44,625	-64,910	-105,031	-38,465	359,280
Foreign Exchange Rate Adjustments	4,753	-347	10,805	3,344	3,926
Miscellaneous Cash Flow Adjustments	-	-1	-1	-	-1
Net Cash Flow	261,154	35,162	74,619	145,021	85,891
Free Cash Flow	192,455	91,544	145,870	175,420	-264,851
Free Cash Flow Growth	110.23%	-37.24%	-16.84%	-	-
Free Cash Flow Margin	9.43%	4.96%	8.83%	12.75%	-38.79%
Free Cash Flow Per Share	442.91	209.61	333.79	401.41	-606.06
Cash Interest Paid	16,505	11,393	10,998	9,985	5,263
Cash Income Tax Paid	7,725	2,385	1,043	10,572	5,342
Levered Free Cash Flow	130,165	32,986	64,518	208,897	-266,364
Unlevered Free Cash Flow	141,101	41,224	72,954	216,722	-261,576
Change in Working Capital	22,219	65,399	52,135	88,217	-45,409

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