NTT, Inc. Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	1,075,385	1,082,435	1,345,119	1,292,756	1,255,994	916,181
Depreciation & Amortization	1,770,166	1,722,035	1,628,586	1,582,625	1,561,183	1,119,093
Other Amortization	-	-	-	-	-	388,060
Loss (Gain) From Sale of Assets	-131,944	38,584	-65,840	18,226	68,780	67,565
Asset Writedown & Restructuring Costs	22,447	-	-	-	-	25,699
Loss (Gain) on Equity Investments	-30,147	-25,488	-24,206	-14,012	-19,711	-229
Other Operating Activities	150,007	-271,026	-469,065	-710,559	-402,419	240,843
Change in Accounts Receivable	-610,507	-249,984	-586,516	-525,313	828	24,097
Change in Inventory	-169,140	-86,181	-51,819	-140,858	-86,559	-64,263
Change in Accounts Payable	170,600	-66,937	27,848	252,070	137,551	270,146
Change in Other Net Operating Assets	-4,039	220,593	570,052	506,078	494,610	21,872
Operating Cash Flow	2,242,828	2,364,031	2,374,159	2,261,013	3,010,257	3,009,064
Operating Cash Flow Growth	11.02%	-0.43%	5.00%	-24.89%	0.04%	0.46%
Capital Expenditures	-2,257,474	-2,132,292	-2,084,004	-1,851,879	-1,758,045	-1,795,164
Sale of Property, Plant & Equipment	120,022	87,608	260,211	-	-	-
Cash Acquisitions	1,413,253	-84,833	-285,316	-81,645	-121,747	-30,755
Divestitures	240,107	65,129	72,660	53,628	15,936	57,127
Investment in Securities	-498,713	76,336	57,950	32,649	61,360	-333,187
Other Investing Activities	-32,886	-23,036	-24,676	92,998	77,001	4,764
Investing Cash Flow	-1,009,277	-1,999,644	-1,989,235	-1,736,912	-1,699,152	-1,424,532
Short-Term Debt Issued	-	-	134,528	295,564	-	1,165,623
Long-Term Debt Issued	-	1,540,780	1,085,358	1,090,877	1,716,162	2,674,593
Total Debt Issued	5,405,264	1,540,780	1,219,886	1,386,441	1,716,162	3,840,216
Short-Term Debt Repaid	-	-1,955	-	-	-1,860,107	-
Long-Term Debt Repaid	-	-966,690	-626,451	-693,427	-401,905	-720,663
Total Debt Repaid	-2,029,097	-968,645	-626,451	-693,427	-2,262,012	-720,663
Net Debt Issued (Repaid)	3,376,167	572,135	593,435	693,014	-545,850	3,119,553
Issuance of Common Stock	-	-	-	-	58	200,026
Repurchase of Common Stock	-218,006	-202,381	-200,388	-510,968	-253,685	-250,244
Common Dividends Paid	-433,963	-436,766	-417,438	-419,525	-396,963	-358,470
Other Financing Activities	-2,337,495	-276,015	-210,063	-352,718	-241,690	-4,400,413
Financing Cash Flow	386,703	-343,027	-234,454	-590,197	-1,438,130	-1,689,548
Foreign Exchange Rate Adjustments	-1,533	-3,240	38,484	25,452	25,862	7,169
Net Cash Flow	1,618,721	18,120	188,954	-40,644	-101,163	-97,847
Free Cash Flow	-14,646	231,739	290,155	409,134	1,252,212	1,213,900
Free Cash Flow Growth	-	-20.13%	-29.08%	-67.33%	3.16%	6.59%
Free Cash Flow Margin	-0.10%	1.69%	2.17%	3.12%	10.30%	10.16%
Free Cash Flow Per Share	-0.18	2.77	3.42	4.69	13.96	13.15
Cash Interest Paid	196,309	140,432	88,666	67,224	47,858	41,856
Cash Income Tax Paid	499,363	387,862	485,605	738,358	434,264	524,331
Levered Free Cash Flow	-436,654	227,852	484,631	227,581	708,154	1,792,849
Unlevered Free Cash Flow	-305,925	320,986	552,857	271,241	739,310	1,819,217
Change in Working Capital	-613,086	-182,509	-40,435	91,977	546,430	251,852

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.