← LEAD REAL ESTATE CO., LTD
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
| Net Income From Continuing Operations | — | $554.7m | $611.4m | $626.2m | — | |
| Net Income (Loss) Attributable to Parent | $252.4m | $528.4m | $537.0m | $627.0m | $846.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $536.5m | $626.2m | $846.2m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($523k) | ($789k) | ($559k) | |
| Depreciation, Depletion and Amortization | $37.3m | $43.9m | $76.5m | $102.7m | $110.4m | |
| Depreciation | $37.3m | $43.9m | $56.9m | $82.8m | $89.7m | |
| Depreciation Amortization Depletion | — | $43.4m | $82.9m | $102.7m | — | |
| Deferred Income Tax Expense (Benefit) | — | — | $8.7m | $51.0m | $4.4m | |
| Deferred income taxes, net | $6.8m | ($10.9m) | $8.7m | $51.0m | $4.4m | |
| Deferred Income Tax | — | ($10.9m) | $3.3m | $51.0m | — | |
| Deferred Tax | — | ($10.9m) | $3.3m | $51.0m | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | $23.5m | |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | — | — | ($2.0m) | ($4.5m) | |
| Impairment loss on property and equipment | — | $510.1m | — | — | $3.2m | |
| Impairment loss on real estate inventories | — | — | $0 | $0 | $6.0m | |
| Impairment loss on equity securities without readily determinable fair values | — | — | — | $0 | $23.5m | |
| Gain (Loss) on Disposition of Assets | — | — | — | ($5.9m) | — | |
| Income Tax Expense (Benefit) | — | — | $322.8m | $327.9m | $548.3m | |
| Interest Expense Nonoperating | — | — | — | $18.3m | $44.5m | |
| Other Nonoperating Income (Expense) | — | — | $6.1m | $73.8m | ($35.9m) | |
| Operating lease, net | ($804k) | $46.0m | $21.2m | $2.7m | ($2.3m) | |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | — | $62.7m | $103.8m | $2.6m | $747.6m | |
| Changes in operating assets and liabilities: | ||||||
| Additional Financial Items | ||||||
| Increase (Decrease) in Accounts Receivable | — | — | $206.6m | $16.2m | $15.7m | |
| Increase (Decrease) in Inventories | — | — | $1.6b | ($1.1b) | ($1.2b) | |
| Increase (Decrease) in Accounts Payable | — | — | $43.2m | ($130.7m) | $433.7m | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | — | ($2.0m) | ($4.5m) | |
| Nonoperating Income (Expense) | — | — | ($10.7m) | $55.5m | ($80.4m) | |
| Operating Expenses | — | — | $16.6b | $18.1b | $17.4b | |
| Unrealized Gain (Loss) on Investments | — | — | — | ($2.0m) | $4.5m | |
| Loss on disposal of assets | $966k | $1.1b | — | $5.9m | $320k | |
| Non-cash finance lease expense | — | $15.7m | $20.5m | $23.8m | $28.5m | |
| Investment revaluation (gain) loss | — | $658k | $96k | $2.0m | ($4.5m) | |
| Accounts receivable, net | $244.7m | $172.0m | ($206.6m) | ($16.2m) | ($15.7m) | |
| Real estate inventory | ($591.8m) | ($4.3b) | ($1.6b) | $1.1b | $1.2b | |
| Contract assets | — | $166.6m | ($178.3m) | $199.5m | $95.1m | |
| Prepaid and other current assets | ($100.3m) | $62.1m | $29.1m | ($290.2m) | $112.2m | |
| Intangible asset, net | ($48.4m) | ($54.7m) | ($1.5m) | — | — | |
| Other assets | $303.9m | ($59.2m) | ($60.8m) | $15.9m | ($156.2m) | |
| Accounts payable | $180.8m | $105.6m | $43.2m | ($130.7m) | $433.7m | |
| Contract liabilities | $58.1m | $61.9m | $14.0m | ($130.3m) | $207.2m | |
| Accrued expenses and other current liabilities | ($588.4m) | ($625.7m) | ($22.5m) | ($12.7m) | $405.7m | |
| Purchases of intangible assets | — | ($22.7m) | ($2.4m) | ($6.4m) | ($2.4m) | |
| Proceeds from notes payable | $8.0b | $5.6b | $14.7b | $15.0b | $14.7b | |
| Payments on notes payable | ($7.6b) | ($2.8b) | ($11.9b) | ($14.7b) | ($14.0b) | |
| Payments on IPO costs | — | ($32.1m) | ($63.7m) | ($229.0m) | — | |
| Repayments of principal portion of finance lease liability | — | ($15.4m) | ($18.3m) | ($25.7m) | ($28.0m) | |
| Interest | $193.7m | $163.3m | $100.3m | $352.4m | $44.5m | |
| Income taxes | $51.3m | $206.5m | $238.0m | $316.1m | $309.5m | |
| Finance lease right - of - use assets obtained in exchange for finance lease liabilities | — | — | $50.7m | $38.7m | $38.1m | |
| Beginning Cash Position | — | $480.3m | $403.1m | $786.4m | — | |
| Cash Flow From Continuing Financing Activities | — | $2.7b | $2.6b | $1.2b | — | |
| Cash Flow From Continuing Investing Activities | — | ($216.1m) | ($1.3b) | ($2.2b) | — | |
| Change In Account Payable | — | ($607.1m) | $50.7m | ($130.7m) | — | |
| Change In Accrued Expense | — | $107.0m | ($730k) | ($12.7m) | — | |
| Change In Inventory | — | ($3.0b) | ($1.6b) | $1.1b | — | |
| Change In Other Current Assets | — | $4.7m | $12.0m | $15.9m | — | |
| Change In Other Current Liabilities | — | ($2.1m) | ($805k) | $2.7m | — | |
| Change In Other Working Capital | — | $63.7m | $4.6m | ($130.3m) | — | |
| Change In Payable | — | ($607.1m) | $50.7m | ($130.7m) | — | |
| Change In Payables And Accrued Expense | — | ($500.1m) | $50.0m | ($143.4m) | — | |
| Change In Prepaid Assets | — | $71.7m | $47.4m | ($290.2m) | — | |
| Change In Receivables | — | $172.0m | ($181.6m) | $183.3m | — | |
| Change In Working Capital | — | ($3.2b) | ($1.6b) | $760.4m | — | |
| Changes In Account Receivables | — | $5.5m | ($3.3m) | ($16.2m) | — | |
| Changes In Cash | — | ($93.7m) | $378.9m | $505.4m | — | |
| End Cash Position | — | $403.1m | $786.4m | $1.3b | — | |
| Financing Cash Flow | — | $2.7b | $2.6b | $1.2b | — | |
| Free Cash Flow | — | ($2.8b) | ($2.2b) | ($656.0m) | — | |
| Investing Cash Flow | — | ($216.1m) | ($1.3b) | ($2.2b) | — | |
| Issuance Of Capital Stock | — | $15.3m | $0 | $1.2b | — | |
| Net Intangibles Purchase And Sale | — | ($22.7m) | ($2.4m) | ($6.4m) | — | |
| Net PPE Purchase And Sale | — | ($204.0m) | ($1.3b) | ($2.2b) | — | |
| Operating Gains Losses | — | $1.1b | — | $5.9m | — | |
| Other Non Cash Items | — | $15.7m | $20.5m | $23.8m | — | |
| Purchase Of Intangibles | — | ($22.7m) | ($2.4m) | ($6.4m) | — | |
| Purchase Of PPE | — | ($204.0m) | ($1.3b) | ($2.2b) | — | |
| Sale Of PPE | — | $510.1m | $0 | — | — | |
| Unrealized Gain Loss On Investment Securities | — | $658k | $96k | $2.0m | — | |
| Net Cash Provided by (Used in) Operating Activities | ($244.7m) | ($2.9b) | ($1.1b) | $1.6b | $3.3b | |
| Cash flows from investing activities: | ||||||
| Payments to Acquire Property, Plant, and Equipment | ($170.2m) | ($537.3m) | $1.2b | $2.2b | $2.5b | |
| Payments to Acquire Investments | — | — | $4.1m | $15.2m | $100.8m | |
| Purchase of investments and investments in marketable securities | ($10.7m) | ($3.7m) | ($4.1m) | ($15.2m) | ($100.8m) | |
| Net Investment Purchase And Sale | — | $10.5m | ($3.1m) | ($15.2m) | — | |
| Purchase Of Investment | — | ($1.5m) | ($8.2m) | ($15.2m) | — | |
| Proceeds from sale of investments in marketable securities | $42.0m | $11.8m | $5.0m | — | — | |
| Sale Of Investment | — | $12.0m | $5.0m | $0 | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | ($702k) | — | — | |
| Other - net investing | ($21.5m) | — | $702k | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($160.4m) | ($19.1m) | ($1.2b) | ($2.2b) | ($2.6b) | |
| Cash flows from financing activities: | ||||||
| Issuance Of Debt | — | $5.6b | $14.6b | $15.0b | — | |
| Long Term Debt Issuance | — | $5.6b | $14.7b | — | — | |
| Net Issuance Payments Of Debt | — | $2.7b | $2.6b | $243.2m | — | |
| Net Long Term Debt Issuance | — | ($15.4m) | ($18.3m) | ($25.7m) | — | |
| Net Short Term Debt Issuance | — | $2.8b | $2.6b | $268.9m | — | |
| Short Term Debt Issuance | — | $5.6b | $14.6b | $15.0b | — | |
| Long Term Debt Payments | — | ($15.4m) | ($18.3m) | ($25.7m) | — | |
| Repayment Of Debt | — | ($2.8b) | ($12.0b) | ($14.8b) | — | |
| Short Term Debt Payments | — | ($2.8b) | ($11.9b) | ($14.7b) | — | |
| Proceeds from Issuance of Common Stock | — | — | — | $1.2b | — | |
| Proceeds from common stock issuance | $100.0m | $14.2m | — | $1.2b | — | |
| Common Stock Issuance | — | $15.3m | $0 | $1.2b | — | |
| Net Common Stock Issuance | — | $15.3m | $0 | $1.2b | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | $25 | $41 | |
| Dividend payments | — | — | — | ($25.0m) | ($40.9m) | |
| Cash Dividends Paid | — | $0 | $0 | ($25.0m) | — | |
| Common Stock Dividend Paid | — | $0 | $0 | ($25.0m) | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | $461k | — | — | |
| Other - net financing | $35.0m | ($453k) | $461k | — | — | |
| Net Other Financing Charges | — | ($32.1m) | ($63.7m) | ($229.0m) | — | |
| Net Cash Provided by (Used in) Financing Activities | $555.6m | $2.9b | $2.7b | $1.2b | $695.8m | |
| Effect of exchange rate change on cash and cash equivalents | $271k | $20.0m | $4.5m | $8.9m | ($30.9m) | |
| Effect Of Exchange Rate Changes | — | $16.4m | $4.4m | $8.9m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $383.3m | $514.3m | $1.4b | |
| Net increase in cash and cash equivalents | $150.8m | ($77.2m) | $383.3m | $514.3m | $1.4b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $786.4m | $1.3b | $2.7b | |
| Cash and cash equivalents, beginning of year | $480.3m | $403.1m | $786.4m | $1.3b | $2.7b | |
| Supplemental disclosure of cash flow information: | ||||||
| Change In Cash Supplemental As Reported | — | ($77.2m) | $383.3m | $514.3m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $220.1m | $100.3m | $352.4m | $44.5m | |
| Income Taxes Paid, Net | — | $212.2m | $238.0m | $316.1m | $309.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.