GLAD CUBE 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	-38	-486	94	455	-
Depreciation & Amortization	25	83	40	16	-
Loss (Gain) From Sale of Assets	-	209	48	-	-
Other Operating Activities	16	19	-162	-124	-
Change in Accounts Receivable	7	125	-187	86	-
Change in Accounts Payable	-1	-70	83	-173	-
Change in Other Net Operating Assets	-33	116	-64	-51	-
Operating Cash Flow	-24	-4	-148	209	-
Capital Expenditures	-1	-19	-5	-2	-
Sale (Purchase) of Intangibles	-10	-39	-50	-45	-
Investment in Securities	-	-	-90	-	-
Other Investing Activities	-	-	-459	-	-
Investing Cash Flow	-11	-58	-604	-47	-
Short-Term Debt Issued	-	100	-	-	-
Long-Term Debt Issued	100	150	550	447	-
Total Debt Issued	100	250	550	447	-
Short-Term Debt Repaid	-100	-	-	-	-
Long-Term Debt Repaid	-281	-266	-218	-175	-
Total Debt Repaid	-381	-266	-218	-175	-
Net Debt Issued (Repaid)	-281	-16	332	272	-
Issuance of Common Stock	2	2	1	561	-
Other Financing Activities	24	-	-	-7	-
Financing Cash Flow	-255	-14	333	826	-
Miscellaneous Cash Flow Adjustments	-1	-1	-	-	-
Net Cash Flow	-291	-77	-419	988	-
Free Cash Flow	-25	-23	-153	207	-
Free Cash Flow Margin	-1.43%	-1.47%	-10.05%	13.99%	-
Free Cash Flow Per Share	-2.97	-2.79	-18.07	26.91	-
Cash Interest Paid	8	6	4	4	-
Cash Income Tax Paid	-14	-16	162	122	-
Levered Free Cash Flow	11.75	32.38	-233.75	117.63	-
Unlevered Free Cash Flow	16.75	36.13	-230.63	120.13	-
Change in Working Capital	-27	171	-168	-138	-