Polar Capital Holdings Plc (AIM:POLR)

Polar Capital Holdings Cash Flow Statement

Financials in millions GBP. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	35.31	40.79	35.61	48.92	62.72
Depreciation & Amortization	3.65	3.63	3.33	3.27	1.4
Asset Writedown & Restructuring Costs	13.61	-	-	6	0.42
Stock-Based Compensation	10.85	3.87	11.74	13.89	11.26
Other Operating Activities	-3.18	1.26	1.61	2.31	-0.69
Change in Accounts Receivable	-1.81	-1.55	5.91	-1.51	-9.11
Change in Accounts Payable	5.73	-7.09	-8.68	8.42	26.49
Change in Other Net Operating Assets	1.63	-1.95	-0.24	-14.33	-1.03
Operating Cash Flow	64.02	41.91	45.13	74.67	77.19
Operating Cash Flow Growth	52.76%	-7.13%	-39.57%	-3.26%	83.18%
Capital Expenditures	-0.21	-0.31	-0.71	-1.81	-0.48
Sale of Property, Plant & Equipment	0.01	-	-	-	-
Cash Acquisitions	-	-	-	-8.12	-7.41
Investment in Securities	3.76	12.99	-19.2	-29.1	-12.16
Other Investing Activities	0.35	0.43	0.42	0.23	0.19
Investing Cash Flow	3.91	13.11	-19.49	-38.8	-19.86
Long-Term Debt Repaid	-1.5	-1.73	-1.43	-1.31	-1.3
Net Debt Issued (Repaid)	-1.5	-1.73	-1.43	-1.31	-1.3
Issuance of Common Stock	1.78	4.99	20.67	9.86	12.29
Repurchase of Common Stock	-1.1	-21.64	-14.53	-16.94	-7.41
Common Dividends Paid	-44.4	-44.33	-44.48	-43.4	-31.91
Other Financing Activities	-0.21	-0.21	-0.18	-	-
Financing Cash Flow	-45.44	-62.92	-39.94	-51.78	-28.32
Foreign Exchange Rate Adjustments	0.45	-0.19	0.15	0.32	-0.05
Net Cash Flow	22.94	-8.1	-14.15	-15.59	28.97
Free Cash Flow	63.81	41.59	44.41	72.87	76.71
Free Cash Flow Growth	53.41%	-6.35%	-39.05%	-5.02%	82.50%
Free Cash Flow Margin	28.22%	21.05%	23.61%	32.63%	36.89%
Free Cash Flow Per Share	0.65	0.43	0.45	0.72	0.78
Cash Interest Paid	0.21	0.21	0.18	0.1	0.11
Cash Income Tax Paid	19.37	12.42	7.74	10.86	13.61
Levered Free Cash Flow	59.85	44.65	50.46	45.59	86.44
Unlevered Free Cash Flow	59.98	44.78	50.57	45.59	86.44
Change in Net Working Capital	-13.28	-3.27	-3.09	13.05	-26.24

Updated Nov 18, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.