Lulu Retail Holdings Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	227.67	249.2	221.77	14.05	7.55
Depreciation & Amortization	385.39	378.77	415.84	404.59	387.92
Loss (Gain) From Sale of Assets	-0.02	-0.17	-18.1	-1.87	-3.2
Asset Writedown & Restructuring Costs	-	3.56	17.85	-	0.01
Provision & Write-off of Bad Debts	-	-	0.45	-	-
Other Operating Activities	-9.98	-67.61	-209.08	25.01	5.84
Change in Accounts Receivable	-10.6	-49.75	-81.59	-113.62	-57.78
Change in Inventory	-13.08	-99.03	20.57	-98.81	-10.35
Change in Accounts Payable	-109.84	-71.08	22.45	94.86	57.99
Change in Other Net Operating Assets	7.79	-23.96	-304.92	-133.93	57.04
Operating Cash Flow	477.87	358.13	139.38	202.94	462.51
Operating Cash Flow Growth	1158.51%	156.94%	-31.32%	-56.12%	-
Capital Expenditures	-128.02	-141.71	-155.1	-162.81	-224.33
Sale of Property, Plant & Equipment	6.62	4.99	1.23	0.81	11.78
Sale (Purchase) of Real Estate	-0.02	-0.03	-1.14	-0.5	7.4
Investing Cash Flow	-121.42	-136.75	-155	-162.5	-205.15
Short-Term Debt Issued	-	-	1,016	509.66	511.5
Long-Term Debt Issued	-	2,331	3,257	-	-
Total Debt Issued	2,407	2,331	4,273	509.66	511.5
Short-Term Debt Repaid	-	-343.95	-135.8	-	-
Long-Term Debt Repaid	-	-2,138	-4,283	-401.15	-722.29
Total Debt Repaid	-2,622	-2,482	-4,419	-401.15	-722.29
Net Debt Issued (Repaid)	-214.96	-151.39	-145.75	108.51	-210.79
Common Dividends Paid	-182.81	-	-	-30.5	-37.09
Financing Cash Flow	-397.78	-151.39	-145.75	78.01	-247.87
Foreign Exchange Rate Adjustments	1.11	-2.65	-1.16	-3.63	-2.42
Net Cash Flow	-40.21	67.34	-162.53	114.82	7.07
Free Cash Flow	349.85	216.42	-15.72	40.13	238.18
Free Cash Flow Growth	-	-	-	-83.15%	-
Free Cash Flow Margin	4.44%	2.84%	-0.22%	0.58%	3.77%
Free Cash Flow Per Share	0.03	0.02	-0.00	0.00	0.02
Cash Interest Paid	163.57	159.84	271.57	251.58	194.61
Cash Income Tax Paid	47.49	32.87	19.97	19.47	15.82
Levered Free Cash Flow	251.88	317.97	1,319	428.81	-
Unlevered Free Cash Flow	354.57	416.62	1,480	574.42	-
Change in Working Capital	-125.72	-243.81	-343.49	-251.5	46.91

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.