Recovery International Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	201	153	148	148	-
Depreciation & Amortization	5	7	9	4	-
Other Operating Activities	-33	-43	-50	6	-
Change in Accounts Receivable	-108	-20	-62	-65	-
Change in Accounts Payable	59	25	19	5	-
Change in Other Net Operating Assets	-5	-8	23	3	-
Operating Cash Flow	119	114	87	101	-
Operating Cash Flow Growth	4.39%	31.03%	-13.86%	-	-
Capital Expenditures	-4	-6	-9	-2	-
Cash Acquisitions	-5	-	-	-	-
Investment in Securities	-	-	20	-20	-
Other Investing Activities	7	-13	-2	-2	-
Investing Cash Flow	-23	-19	9	-24	-
Long-Term Debt Repaid	-17	-22	-26	-38	-
Net Debt Issued (Repaid)	-17	-22	-26	-38	-
Issuance of Common Stock	7	-	207	20	-
Repurchase of Common Stock	-100	-	-	-	-
Other Financing Activities	-	-	-10	-	-
Financing Cash Flow	-110	-22	171	-18	-
Miscellaneous Cash Flow Adjustments	-	-1	1	-1	-
Net Cash Flow	-14	72	268	58	-
Free Cash Flow	115	108	78	99	-
Free Cash Flow Growth	6.48%	38.46%	-21.21%	-	-
Free Cash Flow Margin	5.63%	6.73%	5.63%	8.82%	-
Free Cash Flow Per Share	81.72	74.92	54.61	89.90	-
Cash Interest Paid	-	-	-	1	-
Cash Income Tax Paid	48	46	54	2	-
Levered Free Cash Flow	66.13	94.38	60.88	73	-
Unlevered Free Cash Flow	66.13	94.38	60.88	73.63	-
Change in Working Capital	-54	-3	-20	-57	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.