Cash flow GMO internet, Inc.

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4784

JP3863050005

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Delayed Japan Exchange 07:30:00 18/08/2026 BST			5-day change	1st Jan Change
584.00 ^JPY	+7.95%		+7.55%	-37.67%

08-10	GMO Internet Board Approves 10 Billion Yen Deal to Acquire GPU Servers from NVIDIA	MT
07-21	GMO Internet to File Shelf Registration for 130 Million Yen Stock Acquisition Rights	MT

2882340a0fd08a2b9a0b.kwFH5Xn-ppof88_QOPMX9DSHgiHB-cqBCv1Kd2Z0KzE._WgQlBW14-95lLajALdmllzz23uCoY3ufpciJFI2QX7wWCGcI5-Lq2jKmg

Published financial data: GMO INTERNET, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	34.52B	16.63B	14.9B	13B	78.55B
Total Revenues	34.52B	16.63B	14.9B	13B	78.55B
Cost of Goods Sold, Total	28.37B	9.43B	8.57B	7.02B	52.58B
Gross Profit	6.16B	7.2B	6.33B	5.97B	25.97B
Selling General & Admin Expenses, Total	5.67B	6.49B	6.36B	5.83B	17.57B
Provision for Bad Debts	-	-	-	-	174M
Depreciation & Amortization - (IS)	-	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses, Total	5.67B	6.49B	6.36B	5.83B	17.74B
Operating Income	487M	711M	-26M	140M	8.23B
Interest Expense, Total	-	-	-	-	-128M
Interest And Investment Income	34M	11M	119M	6M	31M
Net Interest Expenses	34M	11M	119M	6M	-97M
Income (Loss) On Equity Invest.	-1M	1M	-1M	2M	-
Currency Exchange Gains (Loss)	8M	2M	54M	-	185M
Other Non Operating Income (Expenses)	13M	19M	33M	4M	31M
EBT, Excl. Unusual Items	541M	744M	179M	152M	8.34B
Gain (Loss) On Sale Of Investments	-	-	-	-34M	-6M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-34M	-	-8M	-2.04B
Other Unusual Items	23M	-	1M	4M	1.98B
EBT, Incl. Unusual Items	564M	710M	180M	114M	8.28B
Income Tax Expense	219M	307M	135M	106M	2.73B
Earnings From Continuing Operations	345M	403M	45M	8M	5.54B
Net Income to Company	345M	403M	45M	8M	5.54B
Minority Interest	-17M	-8M	-5M	-12M	20M
Net Income - (IS)	328M	395M	40M	-4M	5.56B
Net Income to Common Incl Extra Items	328M	395M	40M	-4M	5.56B
Net Income to Common Excl. Extra Items	328M	395M	40M	-4M	5.56B
Per Share Items
Net EPS - Basic	20.51	24.93	2.48	-0.25	20.29
Basic EPS - Continuing Operations	20.51	24.93	2.48	-0.25	20.29
Basic Weighted Average Shares Outstanding	15.99M	15.85M	16.11M	16.12M	274M
Net EPS - Diluted	20.5	24.85	2.48	-0.25	20.26
Diluted EPS - Continuing Operations	20.5	24.85	2.48	-0.25	20.26
Diluted Weighted Average Shares Outstanding	16M	15.93M	16.12M	16.12M	275M
Normalized Basic EPS	20.08	28.84	6.63	5.15	19.09
Normalized Diluted EPS	20.07	28.68	6.63	5.15	19.07
Dividend Per Share	-	12.5	1.3	6.9	13.2
Payout Ratio	39.94	43.29	500	-525	73.93
Supplemental Items
EBITDA	622M	856M	125M	299M	12.99B
EBITA	487M	719M	-18M	148M	8.38B
EBIT	487M	711M	-26M	140M	8.23B
EBITDAR	1.15B	1.37B	-	-	-
Effective Tax Rate - (Ratio)	38.83	43.24	75	92.98	33.03
Normalized Net Income	321M	457M	107M	83M	5.24B
Non-Cash Pension Expense	-	-	-	-	18M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	529M	516M	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	4.71B	5.34B	4.18B	4.02B	13.89B
Short Term Investments	860M	860M	860M	900M	-
Total Cash And Short Term Investments	5.57B	6.2B	5.04B	4.92B	13.89B
Accounts Receivable, Total	3.84B	4.08B	3.58B	3.49B	11.69B
Total Receivables	3.84B	4.08B	3.58B	3.49B	11.69B
Inventory	7M	3M	1M	-	-
Prepaid Expenses	-	-	-	-	6.58B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	210M	215M	455M	249M	3.53B
Total Current Assets	9.63B	10.5B	9.08B	8.66B	35.69B
Net Property Plant And Equipment	325M	302M	288M	270M	9.2B
Long-term Investments	1.08B	1.07B	1.02B	1.05B	1.61B
Goodwill	43M	34M	25M	16M	1.34B
Other Intangibles, Total	346M	310M	305M	194M	2.5B
Deferred Tax Assets Long-Term	199M	200M	128M	161M	1.2B
Other Long-Term Assets, Total	2M	1M	2M	2M	1M
Total Assets	11.63B	12.42B	10.85B	10.36B	51.53B
Liabilities
Accounts Payable, Total	4.04B	4.3B	3.69B	3.31B	3.59B
Accrued Expenses, Total	148M	191M	98M	91M	123M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	1.38B
Current Portion of Leases	-	-	-	-	1.08B
Current Income Taxes Payable	579M	798M	395M	622M	9.29B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	1.16B	1.26B	977M	741M	15.23B
Total Current Liabilities	5.92B	6.55B	5.16B	4.77B	30.68B
Long-Term Debt	-	-	-	-	4.12B
Long-Term Leases	-	-	-	-	2.29B
Pension & Other Post Retirement Benefits	-	-	-	-	63M
Deferred Tax Liability Non Current	23M	17M	12M	8M	11M
Other Non Current Liabilities	482M	421M	436M	335M	289M
Total Liabilities	6.43B	6.99B	5.61B	5.11B	37.46B
Common Stock, Total	1.3B	1.3B	1.3B	1.3B	500M
Additional Paid In Capital	2.14B	2.15B	2.15B	2.15B	9.62B
Retained Earnings	1.9B	2.06B	1.9B	1.88B	3.32B
Treasury Stock	-395M	-280M	-252M	-251M	-179M
Comprehensive Income and Other	227M	165M	103M	123M	628M
Total Common Equity	5.17B	5.4B	5.2B	5.2B	13.89B
Minority Interest	37M	35M	35M	44M	176M
Total Equity	5.2B	5.43B	5.24B	5.24B	14.07B
Total Liabilities And Equity	11.63B	12.42B	10.85B	10.36B	51.53B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	15.76M	16.11M	16.12M	274M	274M
ECS Total Common Shares Outstanding	-	16.05M	16.12M	16.12M	274M
Book Value / Share	327.86	336.32	322.8	322.55	50.65
Tangible Book Value	4.78B	5.05B	4.87B	4.99B	10.06B
Tangible Book Value Per Share	303.18	314.89	302.33	309.53	36.68
Total Debt	0	0	0	0	8.87B
Net Debt	-5.57B	-6.2B	-5.04B	-4.92B	-5.02B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	63M
Debt Equivalent Oper. Leases	4.23B	4.13B	-	-	-
Minority Interest, Total (Incl. Fin. Div)	37M	35M	35M	44M	176M
Inventories - Raw Materials, Total	3M	-	1M	-	-
Inventories - Work In Process, Total	4M	3M	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Inventories - Others	-	-	-	-	-
Full Time Employees	613	611	563	453	1.83K
Accumulated Allowance for Doubtful Accounts (Supple)	35M	35M	37M	34M	443M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	565M	712M	181M	113M	8.28B
Depreciation & Amortization - CF	135M	137M	143M	151M	4.61B
Amortization of Goodwill and Intangible Assets - (CF)	-	8M	8M	8M	153M
Depreciation & Amortization, Total	135M	145M	151M	159M	4.76B
(Gain) Loss From Sale Of Asset	-	34M	-	8M	2.04B
(Gain) Loss on Sale of Investments - (CF)	-	-	-	34M	6M
(Income) Loss On Equity Investments - (CF)	1M	-1M	1M	-2M	-
Other Operating Activities, Total	-229M	-104M	-374M	212M	-224M
Change In Accounts Receivable	-129M	-193M	390M	-19M	-667M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	23M	284M	-608M	-376M	-560M
Change in Other Net Operating Assets	-171M	4M	-653M	-123M	36M
Cash from Operations	195M	881M	-912M	6M	13.67B
Capital Expenditure	-27M	-13M	-22M	-9M	-976M
Cash Acquisitions	-	-	-	-	-1.76B
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-206M	-102M	-127M	-31M	-967M
Investment in Marketable and Equity Securities, Total	-65M	-99M	-66M	-90M	35M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	92M	17M	147M	-14M	2.96B
Cash from Investing	-206M	-197M	-68M	-144M	-712M
Long-Term Debt Issued, Total	-	-	-	-	2B
Total Debt Issued	-	-	-	-	2B
Short Term Debt Repaid, Total	-	-	-	-	-1.92B
Long-Term Debt Repaid, Total	-	-	-	-	-1.18B
Total Debt Repaid	-	-	-	-	-3.11B
Issuance of Common Stock	20M	126M	28M	1M	88M
Repurchase of Common Stock	-164M	-	-	-	-
Common Dividends Paid	-131M	-171M	-200M	-21M	-4.11B
Common & Preferred Stock Dividends Paid	-131M	-171M	-200M	-21M	-4.11B
Other Financing Activities, Total	-10M	-10M	-5M	-2M	-1.2B
Cash from Financing	-285M	-55M	-177M	-22M	-6.33B
Foreign Exchange Rate Adjustments	-	-	-	-	174M
Miscellaneous Cash Flow Adjustments	-	-1M	-	-	3B
Net Change in Cash	-296M	628M	-1.16B	-160M	9.8B
Supplemental Items
Cash Interest Paid	-	-	-	-	128M
Cash Income Tax Paid (Refund)	235M	123M	383M	-202M	260M
Levered Free Cash Flow	6.38M	863M	-1.15B	118M	13.28B
Unlevered Free Cash Flow	6.38M	863M	-1.15B	118M	13.36B
Change In Net Working Capital	200M	-389M	1.13B	89M	-5.4B
Net Debt Issued / Repaid	-	-	-	-	-1.11B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.59	3.69	-0.14	0.83	16.62
Return on Total Capital	5.75	8.36	-0.3	1.67	36.49
Return On Equity %	6.52	7.58	0.84	0.15	57.4
Return on Common Equity	6.24	7.48	0.75	-0.08	58.28
Margin Analysis
Gross Profit Margin %	17.83	43.29	42.47	45.96	33.06
SG&A Margin	16.42	39.01	42.64	44.89	22.36
EBITDA Margin %	1.8	5.15	0.84	2.3	16.54
EBITA Margin %	1.41	4.32	-0.12	1.14	10.67
EBIT Margin %	1.41	4.28	-0.17	1.08	10.47
Income From Continuing Operations Margin %	1	2.42	0.3	0.06	7.06
Net Income Margin %	0.95	2.38	0.27	-0.03	7.08
Net Avail. For Common Margin %	0.95	2.38	0.27	-0.03	7.08
Normalized Net Income Margin	0.93	2.75	0.72	0.64	6.67
Levered Free Cash Flow Margin	0.02	5.19	-7.68	0.9	16.91
Unlevered Free Cash Flow Margin	0.02	5.19	-7.68	0.9	17.01
Asset Turnover
Asset Turnover	2.93	1.38	1.28	1.23	2.54
Fixed Assets Turnover	100.51	53.04	50.52	46.58	16.59
Receivables Turnover (Average Receivables)	9.24	4.2	3.89	3.68	10.35
Inventory Turnover (Average Inventory)	5.67K	1.89K	4.29K	-	-
Short Term Liquidity
Current Ratio	1.63	1.6	1.76	1.82	1.16
Quick Ratio	1.59	1.57	1.67	1.76	0.83
Operating Cash Flow to Current Liabilities	0.03	0.13	-0.18	0	0.45
Days Sales Outstanding (Average Receivables)	39.52	86.96	93.86	99.55	35.27
Days Outstanding Inventory (Average Inventory)	0.06	0.19	0.09	-	-
Average Days Payable Outstanding	51.63	161.42	170.15	-	23.95
Cash Conversion Cycle (Average Days)	-12.05	-74.26	-76.2	-	-
Long Term Solvency
Total Debt/Equity	-	-	-	-	63.05
Total Debt / Total Capital	-	-	-	-	38.67
LT Debt/Equity	-	-	-	-	45.59
Long-Term Debt / Total Capital	-	-	-	-	27.96
Total Liabilities / Total Assets	55.26	56.27	51.7	49.35	72.7
EBIT / Interest Expense	-	-	-	-	64.27
EBITDA / Interest Expense	-	-	-	-	101.48
(EBITDA - Capex) / Interest Expense	-	-	-	-	93.86
Total Debt / EBITDA	-	-	-	-	0.68
Net Debt / EBITDA	-8.96	-7.25	-40.36	-16.47	-0.39
Total Debt / (EBITDA - Capex)	-	-	-	-	0.74
Net Debt / (EBITDA - Capex)	-9.37	-7.36	-48.98	-16.98	-0.42
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.01	-51.83	-10.38	-12.79	504.35
Gross Profit, 1 Yr. Growth %	3.76	16.95	-12.07	-5.61	334.67
EBITDA, 1 Yr. Growth %	7.8	37.62	-85.4	139.2	4.24K
EBITA, 1 Yr. Growth %	22.06	47.64	-102.5	-922.22	5.56K
EBIT, 1 Yr. Growth %	33.42	46	-103.66	-638.46	5.78K
Earnings From Cont. Operations, 1 Yr. Growth %	25	16.81	-88.83	-82.22	69.19K
Net Income, 1 Yr. Growth %	26.15	20.43	-89.87	-110	-139K
Normalized Net Income, 1 Yr. Growth %	-5.79	42.31	-76.61	-22.34	6.21K
Diluted EPS Before Extra, 1 Yr. Growth %	26.54	21.22	-90.01	-109.99	-8.27K
Accounts Receivable, 1 Yr. Growth %	5.72	6.25	-12.22	-2.68	235.3
Inventory, 1 Yr. Growth %	133.33	-57.14	-66.67	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-10.22	-7.08	-4.64	-6.25	3.31K
Total Assets, 1 Yr. Growth %	-2.24	6.81	-12.69	-4.53	397.57
Tangible Book Value, 1 Yr. Growth %	-5.93	5.78	-3.56	2.4	101.54
Common Equity, 1 Yr. Growth %	-3.44	4.47	-3.59	-0.06	167.08
Cash From Operations, 1 Yr. Growth %	-84.18	351.79	-203.52	-100.66	228K
Capital Expenditures, 1 Yr. Growth %	-59.7	-51.85	69.23	-59.09	10.74K
Levered Free Cash Flow, 1 Yr. Growth %	-99.28	13.44K	-232.65	-110.26	11.2K
Unlevered Free Cash Flow, 1 Yr. Growth %	-99.28	13.44K	-232.65	-110.26	11.27K
Dividend Per Share, 1 Yr. Growth %	-	-	-89.6	430.77	91.3
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.02	-30.59	-34.3	-11.59	129.58
Gross Profit, 2 Yr. CAGR %	0.48	10.16	1.4	-8.9	102.56
EBITDA, 2 Yr. CAGR %	-10.18	21.8	-55.17	-40.9	919.41
EBITA, 2 Yr. CAGR %	-2.76	34.24	-80.78	-54.63	2.06K
EBIT, 2 Yr. CAGR %	4.5	39.57	-76.89	-55.63	1.68K
Earnings From Cont. Operations, 2 Yr. CAGR %	16.77	20.84	-63.88	-85.91	1.01K
Net Income, 2 Yr. CAGR %	16.9	23.26	-65.08	-89.94	1.08K
Normalized Net Income, 2 Yr. CAGR %	7.55	15.79	-42.31	-57.38	599.92
Diluted EPS Before Extra, 2 Yr. CAGR %	17.37	23.85	-65.2	-90.01	185.67
Accounts Receivable, 2 Yr. CAGR %	2.91	5.98	-3.43	-7.58	80.64
Inventory, 2 Yr. CAGR %	8.01	0	-62.2	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-11.4	-8.66	-5.86	-5.45	465.22
Total Assets, 2 Yr. CAGR %	1.54	2.19	-3.43	-8.7	117.96
Tangible Book Value, 2 Yr. CAGR %	1.23	-0.25	1	-0.63	43.66
Common Equity, 2 Yr. CAGR %	1.96	0.44	0.36	-1.84	63.38
Cash From Operations, 2 Yr. CAGR %	-36.33	-15.47	116.26	-91.75	287.14
Capital Expenditures, 2 Yr. CAGR %	-32.35	-55.95	-9.73	-16.8	566.06
Levered Free Cash Flow, 2 Yr. CAGR %	-87.63	-1.51	1.24K	-63.11	240.54
Unlevered Free Cash Flow, 2 Yr. CAGR %	-87.63	-1.51	1.24K	-63.11	241.56
Dividend Per Share, 2 Yr. CAGR %	-	23.47	-	-25.7	218.65
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.51	-21.62	-24.42	-27.79	67.79
Gross Profit, 3 Yr. CAGR %	-3.22	5.7	2.18	-0.99	53.37
EBITDA, 3 Yr. CAGR %	-12.2	3.55	-39.94	-21.66	147.58
EBITA, 3 Yr. CAGR %	-9.82	11.77	-64.4	-32.77	126.72
EBIT, 3 Yr. CAGR %	-1.4	16.82	-58.55	-34	126.17
Earnings From Cont. Operations, 3 Yr. CAGR %	9.06	16.79	-45.37	-71.48	139.6
Net Income, 3 Yr. CAGR %	11.76	18.07	-46.42	-76.98	141.49
Normalized Net Income, 3 Yr. CAGR %	2.62	18.07	-32.06	-36.3	125.43
Diluted EPS Before Extra, 3 Yr. CAGR %	12.72	18.64	-46.49	-77.04	-6.58
Accounts Receivable, 3 Yr. CAGR %	-0.19	4.01	-0.47	-3.18	42.02
Inventory, 3 Yr. CAGR %	5.27	-20.63	-30.66	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	14.06	-9.98	-7.34	-5.99	212.33
Total Assets, 3 Yr. CAGR %	1.55	3.27	-3.03	-3.8	60.67
Tangible Book Value, 3 Yr. CAGR %	1.73	2.72	-1.36	1.46	25.79
Common Equity, 3 Yr. CAGR %	1.94	2.79	-0.92	0.22	37.04
Cash From Operations, 3 Yr. CAGR %	-47.27	22.35	-9.56	-68.66	149.41
Capital Expenditures, 3 Yr. CAGR %	8.74	-39.6	-31.01	-30.66	321.86
Levered Free Cash Flow, 3 Yr. CAGR %	-83.13	27.48	8.76	164.15	148.7
Unlevered Free Cash Flow, 3 Yr. CAGR %	-83.13	27.48	8.76	164.15	149.2
Dividend Per Share, 3 Yr. CAGR %	-	18.56	-45.88	-	1.83
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.51	-12.25	-15.21	-17.76	17.87
Gross Profit, 5 Yr. CAGR %	-2.03	0.57	-1.39	-0.4	34.35
EBITDA, 5 Yr. CAGR %	-5.03	-4.67	-32.9	-17.26	86.42
EBITA, 5 Yr. CAGR %	-3.73	-3.34	-51.4	-22.07	83.84
EBIT, 5 Yr. CAGR %	12.94	5.54	-44.81	-20.68	86.46
Earnings From Cont. Operations, 5 Yr. CAGR %	221.78	17.75	-29.91	-49.88	82.21
Net Income, 5 Yr. CAGR %	73.27	19.37	-29.82	-55.91	84.53
Normalized Net Income, 5 Yr. CAGR %	15.52	6.49	-18.49	-21.45	72.69
Diluted EPS Before Extra, 5 Yr. CAGR %	74.17	20.26	-29.56	-55.9	4.57
Accounts Receivable, 5 Yr. CAGR %	-0.24	2.7	-1.5	-0.79	26.33
Inventory, 5 Yr. CAGR %	-4.9	-9.71	-30.12	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	5.47	5.32	5.63	-8.19	91
Total Assets, 5 Yr. CAGR %	1.74	4.17	-0.47	-1.69	34.07
Tangible Book Value, 5 Yr. CAGR %	6.24	3.72	1.44	1.37	14.64
Common Equity, 5 Yr. CAGR %	2.74	2.54	1.3	0.91	21.02
Cash From Operations, 5 Yr. CAGR %	-19.62	-6.85	-7.27	-58.39	61.79
Capital Expenditures, 5 Yr. CAGR %	-17.35	-18.88	0.93	-31.34	70.87
Levered Free Cash Flow, 5 Yr. CAGR %	-53.67	-3.89	-2.9	-22.37	71.7
Unlevered Free Cash Flow, 5 Yr. CAGR %	-53.76	-3.9	-2.9	-22.37	71.9
Dividend Per Share, 5 Yr. CAGR %	-	20.11	-28.99	-1.65	9.99