M3 Inc
TSE:2413
Cash Flow Statement
Cash Flow Statement
M3 Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
12 840
|
13 642
|
14 654
|
15 165
|
15 893
|
16 174
|
17 281
|
17 814
|
18 822
|
19 950
|
20 837
|
21 593
|
23 500
|
24 959
|
25 700
|
26 393
|
27 020
|
27 472
|
28 645
|
29 206
|
29 883
|
30 942
|
31 980
|
33 546
|
34 836
|
34 610
|
36 915
|
41 956
|
50 088
|
58 264
|
71 805
|
96 553
|
100 960
|
96 187
|
91 172
|
72 022
|
71 259
|
74 318
|
74 401
|
73 573
|
71 394
|
|
Depreciation & Amortization |
320
|
865
|
457
|
533
|
592
|
671
|
685
|
717
|
808
|
867
|
906
|
921
|
918
|
939
|
987
|
1 048
|
1 115
|
1 161
|
1 220
|
1 296
|
1 355
|
1 391
|
2 124
|
2 878
|
3 688
|
4 493
|
4 767
|
4 993
|
5 271
|
5 736
|
5 874
|
6 046
|
6 198
|
6 274
|
6 494
|
6 787
|
7 043
|
7 434
|
7 729
|
8 131
|
8 549
|
|
Other Non-Cash Items |
(193)
|
(665)
|
(649)
|
(751)
|
(861)
|
(229)
|
(274)
|
(84)
|
(30)
|
(63)
|
(257)
|
(651)
|
(887)
|
(1 055)
|
(832)
|
(524)
|
(257)
|
(90)
|
(693)
|
(889)
|
(1 554)
|
(3 034)
|
(3 482)
|
(3 923)
|
(3 195)
|
(563)
|
598
|
1 795
|
2 572
|
1 134
|
1 093
|
(21 108)
|
(23 232)
|
(18 848)
|
(20 085)
|
(525)
|
(279)
|
(4 355)
|
(5 921)
|
(5 372)
|
(4 926)
|
|
Cash Taxes Paid |
4 470
|
4 466
|
4 973
|
4 923
|
5 289
|
5 354
|
5 769
|
5 763
|
5 461
|
5 473
|
6 189
|
6 303
|
6 924
|
6 906
|
7 781
|
7 733
|
8 799
|
8 795
|
9 190
|
9 274
|
8 648
|
8 714
|
8 717
|
9 148
|
9 560
|
9 735
|
11 984
|
13 153
|
14 380
|
14 221
|
18 166
|
17 896
|
20 982
|
20 953
|
20 607
|
20 550
|
22 347
|
23 132
|
21 502
|
22 911
|
22 761
|
|
Cash Interest Paid |
5
|
2
|
2
|
2
|
1
|
4
|
3
|
5
|
5
|
4
|
4
|
2
|
2
|
3
|
4
|
3
|
5
|
7
|
13
|
14
|
16
|
35
|
37
|
52
|
56
|
38
|
37
|
28
|
32
|
48
|
63
|
62
|
63
|
52
|
45
|
55
|
55
|
68
|
117
|
192
|
277
|
|
Change in Working Capital |
(5 498)
|
(5 195)
|
(5 231)
|
(5 327)
|
(6 389)
|
(7 300)
|
(8 760)
|
(8 569)
|
(9 493)
|
(8 618)
|
(7 674)
|
(7 231)
|
(8 682)
|
(8 287)
|
(8 472)
|
(9 373)
|
(11 564)
|
(12 631)
|
(13 264)
|
(12 898)
|
(15 754)
|
(11 551)
|
(11 161)
|
(12 506)
|
(9 085)
|
(11 752)
|
(12 917)
|
(14 548)
|
(17 466)
|
(18 507)
|
(31 397)
|
(34 598)
|
(35 060)
|
(31 506)
|
(24 167)
|
(19 556)
|
(23 502)
|
(20 284)
|
(16 529)
|
(17 614)
|
(15 675)
|
|
Cash from Operating Activities |
7 581
N/A
|
8 647
+14%
|
9 231
+7%
|
9 620
+4%
|
9 235
-4%
|
9 316
+1%
|
8 932
-4%
|
9 878
+11%
|
10 107
+2%
|
12 136
+20%
|
13 812
+14%
|
14 632
+6%
|
14 849
+1%
|
16 556
+11%
|
17 383
+5%
|
17 544
+1%
|
16 314
-7%
|
15 912
-2%
|
15 908
0%
|
16 715
+5%
|
13 930
-17%
|
17 748
+27%
|
19 461
+10%
|
19 995
+3%
|
26 244
+31%
|
26 788
+2%
|
29 363
+10%
|
34 196
+16%
|
40 465
+18%
|
46 627
+15%
|
47 375
+2%
|
46 893
-1%
|
48 866
+4%
|
52 107
+7%
|
53 414
+3%
|
58 728
+10%
|
54 521
-7%
|
57 113
+5%
|
59 680
+4%
|
58 718
-2%
|
59 342
+1%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(601)
|
(528)
|
(549)
|
(722)
|
(843)
|
(729)
|
(707)
|
(593)
|
(489)
|
(747)
|
(880)
|
(802)
|
(667)
|
(774)
|
(713)
|
(741)
|
(1 539)
|
(1 848)
|
(2 010)
|
(2 093)
|
(1 725)
|
(1 345)
|
(1 539)
|
(2 024)
|
(2 383)
|
(2 840)
|
(2 959)
|
(2 579)
|
(2 259)
|
(1 989)
|
(1 844)
|
(2 377)
|
(2 689)
|
(3 217)
|
(3 850)
|
(4 119)
|
(4 736)
|
(7 577)
|
(9 756)
|
(10 645)
|
(11 266)
|
|
Other Items |
142
|
1 133
|
(840)
|
(980)
|
(2 359)
|
(4 745)
|
(2 864)
|
(3 878)
|
(4 152)
|
(3 860)
|
(3 231)
|
(3 140)
|
(13 313)
|
(13 716)
|
(12 094)
|
(11 994)
|
123
|
(5 433)
|
(7 780)
|
(8 789)
|
(9 916)
|
(7 438)
|
(24 989)
|
(32 542)
|
(39 732)
|
(47 043)
|
(20 383)
|
(11 683)
|
(5 157)
|
5 581
|
(8 591)
|
(9 145)
|
(8 700)
|
(20 190)
|
(28 171)
|
(29 294)
|
(17 142)
|
(14 356)
|
(15 656)
|
(21 538)
|
(28 379)
|
|
Cash from Investing Activities |
(459)
N/A
|
605
N/A
|
(1 389)
N/A
|
(1 702)
-23%
|
(3 202)
-88%
|
(5 474)
-71%
|
(3 571)
+35%
|
(4 471)
-25%
|
(4 641)
-4%
|
(4 607)
+1%
|
(4 111)
+11%
|
(3 942)
+4%
|
(13 980)
-255%
|
(14 490)
-4%
|
(12 807)
+12%
|
(12 735)
+1%
|
(1 416)
+89%
|
(7 281)
-414%
|
(9 790)
-34%
|
(10 882)
-11%
|
(11 641)
-7%
|
(8 783)
+25%
|
(26 528)
-202%
|
(34 566)
-30%
|
(42 115)
-22%
|
(49 883)
-18%
|
(23 342)
+53%
|
(14 262)
+39%
|
(7 416)
+48%
|
3 592
N/A
|
(10 435)
N/A
|
(11 522)
-10%
|
(11 389)
+1%
|
(23 407)
-106%
|
(32 021)
-37%
|
(33 413)
-4%
|
(21 878)
+35%
|
(21 933)
0%
|
(25 412)
-16%
|
(32 183)
-27%
|
(39 645)
-23%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
118
|
187
|
109
|
77
|
63
|
25
|
105
|
103
|
94
|
49
|
30
|
32
|
51
|
58
|
39
|
38
|
59
|
74
|
80
|
82
|
64
|
46
|
50 090
|
50 120
|
50 170
|
50 183
|
146
|
144
|
118
|
139
|
121
|
124
|
90
|
126
|
142
|
140
|
150
|
90
|
78
|
90
|
91
|
|
Net Issuance of Debt |
0
|
(1 095)
|
0
|
0
|
0
|
(1 095)
|
(2 027)
|
(2 138)
|
(2 138)
|
(2 167)
|
(165)
|
(54)
|
(56)
|
(816)
|
(821)
|
(826)
|
(1 549)
|
(768)
|
(761)
|
(879)
|
(876)
|
(878)
|
(1 517)
|
(2 215)
|
(2 191)
|
(2 902)
|
(2 839)
|
(2 832)
|
(3 005)
|
(3 226)
|
(3 725)
|
(3 636)
|
(3 679)
|
(3 669)
|
(3 675)
|
(3 872)
|
(4 024)
|
(4 711)
|
15 332
|
14 829
|
14 416
|
|
Cash Paid for Dividends |
(1 905)
|
(1 906)
|
(2 046)
|
(2 100)
|
(2 101)
|
(2 100)
|
(2 568)
|
(2 587)
|
(2 586)
|
(2 586)
|
(2 909)
|
(2 910)
|
(2 911)
|
(2 911)
|
(3 244)
|
(3 239)
|
(3 238)
|
(3 238)
|
(3 561)
|
(3 352)
|
(3 352)
|
(3 353)
|
(4 259)
|
(4 533)
|
(4 534)
|
(4 533)
|
(5 663)
|
(5 768)
|
(5 768)
|
(5 768)
|
(7 990)
|
(8 143)
|
(8 143)
|
(8 144)
|
(10 660)
|
(10 859)
|
(10 861)
|
(10 860)
|
(12 755)
|
(12 896)
|
(12 895)
|
|
Other |
(239)
|
(299)
|
(309)
|
(366)
|
(364)
|
(308)
|
(507)
|
(564)
|
(565)
|
(563)
|
(105)
|
(189)
|
(238)
|
(228)
|
(910)
|
(697)
|
(821)
|
(829)
|
(997)
|
(1 012)
|
(810)
|
(823)
|
(1 071)
|
(1 377)
|
(1 405)
|
652
|
419
|
422
|
(744)
|
(2 760)
|
(4 038)
|
(4 162)
|
(4 701)
|
(4 684)
|
(3 414)
|
(3 284)
|
(6 815)
|
(7 356)
|
3 465
|
4 919
|
10 154
|
|
Cash from Financing Activities |
(2 282)
N/A
|
(3 112)
-36%
|
(3 341)
-7%
|
(3 484)
-4%
|
(3 497)
0%
|
(2 383)
+32%
|
(4 997)
-110%
|
(5 186)
-4%
|
(5 195)
0%
|
(5 267)
-1%
|
(3 149)
+40%
|
(3 121)
+1%
|
(3 154)
-1%
|
(3 897)
-24%
|
(4 936)
-27%
|
(4 724)
+4%
|
(5 549)
-17%
|
(4 761)
+14%
|
(5 239)
-10%
|
(5 161)
+1%
|
(4 974)
+4%
|
(5 008)
-1%
|
43 243
N/A
|
41 995
-3%
|
42 040
+0%
|
43 400
+3%
|
(7 937)
N/A
|
(8 034)
-1%
|
(9 399)
-17%
|
(11 615)
-24%
|
(15 632)
-35%
|
(15 817)
-1%
|
(16 433)
-4%
|
(16 371)
+0%
|
(17 607)
-8%
|
(17 875)
-2%
|
(21 550)
-21%
|
(22 837)
-6%
|
6 120
N/A
|
6 942
+13%
|
11 766
+69%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
156
|
134
|
(69)
|
(79)
|
129
|
117
|
98
|
(10)
|
(278)
|
(194)
|
(485)
|
(384)
|
(100)
|
(48)
|
354
|
264
|
59
|
(234)
|
(187)
|
(7)
|
(280)
|
(151)
|
(533)
|
(441)
|
175
|
104
|
827
|
467
|
151
|
2 592
|
2 233
|
2 621
|
3 119
|
2 780
|
5 069
|
5 719
|
3 381
|
1 723
|
1 601
|
1 422
|
1 904
|
|
Net Change in Cash |
4 996
N/A
|
6 274
+26%
|
4 432
-29%
|
4 355
-2%
|
2 665
-39%
|
1 576
-41%
|
462
-71%
|
211
-54%
|
(7)
N/A
|
2 068
N/A
|
6 067
+193%
|
7 185
+18%
|
(2 385)
N/A
|
(1 879)
+21%
|
(6)
+100%
|
349
N/A
|
9 408
+2 596%
|
3 636
-61%
|
692
-81%
|
665
-4%
|
(2 965)
N/A
|
3 806
N/A
|
35 643
+836%
|
26 983
-24%
|
26 344
-2%
|
20 409
-23%
|
(1 089)
N/A
|
12 367
N/A
|
23 801
+92%
|
41 196
+73%
|
23 541
-43%
|
22 175
-6%
|
24 163
+9%
|
15 109
-37%
|
8 855
-41%
|
13 159
+49%
|
14 474
+10%
|
14 066
-3%
|
41 989
+199%
|
34 899
-17%
|
33 367
-4%
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
6 980
N/A
|
8 119
+16%
|
8 682
+7%
|
8 898
+2%
|
8 392
-6%
|
8 587
+2%
|
8 225
-4%
|
9 285
+13%
|
9 618
+4%
|
11 389
+18%
|
12 932
+14%
|
13 830
+7%
|
14 182
+3%
|
15 782
+11%
|
16 670
+6%
|
16 803
+1%
|
14 775
-12%
|
14 064
-5%
|
13 898
-1%
|
14 622
+5%
|
12 205
-17%
|
16 403
+34%
|
17 922
+9%
|
17 971
+0%
|
23 861
+33%
|
23 948
+0%
|
26 404
+10%
|
31 617
+20%
|
38 206
+21%
|
44 638
+17%
|
45 531
+2%
|
44 516
-2%
|
46 177
+4%
|
48 890
+6%
|
49 564
+1%
|
54 609
+10%
|
49 785
-9%
|
49 536
-1%
|
49 924
+1%
|
48 073
-4%
|
48 076
+0%
|