Bell-Park Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	5,911	4,463	3,420	3,786	4,673
Depreciation & Amortization	262	324	405	475	485
Loss (Gain) From Sale of Assets	118	111	202	283	99
Loss (Gain) From Sale of Investments	-17	-17	-	-144	9
Other Operating Activities	-1,507	-788	-1,133	-989	-1,871
Change in Accounts Receivable	717	-947	-1,833	255	506
Change in Inventory	-710	-90	1,766	-1,880	-582
Change in Accounts Payable	90	244	2,135	-1,040	266
Change in Other Net Operating Assets	-210	111	189	-673	88
Operating Cash Flow	4,654	3,411	5,151	73	3,673
Operating Cash Flow Growth	36.44%	-33.78%	6956.16%	-98.01%	51.46%
Capital Expenditures	-117	-96	-259	-231	-412
Sale (Purchase) of Intangibles	-1	-16	-8	-5	-2
Investment in Securities	31	-1,982	-2,200	146	-110
Other Investing Activities	-16	18	-67	-174	-586
Investing Cash Flow	-87	-2,069	-2,327	172	-1,250
Short-Term Debt Issued	-	-	-	-	14
Long-Term Debt Issued	-	-	100	-	-
Total Debt Issued	-	-	100	-	14
Short-Term Debt Repaid	-	-	-	-14	-
Long-Term Debt Repaid	-20	-20	-10	-	-5,014
Total Debt Repaid	-20	-20	-10	-14	-5,014
Net Debt Issued (Repaid)	-20	-20	90	-14	-5,000
Repurchase of Common Stock	-10,339	-	-	-	-
Common Dividends Paid	-991	-837	-808	-945	-1,134
Other Financing Activities	-	-	-	-1	-
Financing Cash Flow	-11,350	-857	-718	-960	-6,134
Miscellaneous Cash Flow Adjustments	1	-1	-1	1	-
Net Cash Flow	-6,782	484	2,105	-714	-3,711
Free Cash Flow	4,537	3,315	4,892	-158	3,261
Free Cash Flow Growth	36.86%	-32.24%	-	-	54.99%
Free Cash Flow Margin	3.51%	2.86%	4.24%	-0.15%	3.04%
Free Cash Flow Per Share	289.11	172.29	254.25	-8.21	169.48
Cash Interest Paid	-	-	-	-	1
Cash Income Tax Paid	1,506	984	1,227	1,364	2,039
Levered Free Cash Flow	3,895	2,739	4,502	-414.63	2,467
Unlevered Free Cash Flow	3,895	2,739	4,502	-414.63	2,468
Change in Working Capital	-113	-682	2,257	-3,338	278

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