Universal Music Group N.V. (AMS:UMG)
Netherlands · Delayed Price · Currency is EUR 14.44
-4.92 (-25.40%)
Jul 31, 2026, 5:36 PM CET
Universal Music Group Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 2,853 | 1,998 | 1,775 | 1,418 | 1,600 | 1,394 |
Depreciation & Amortization | 480 | 446 | 409 | - | 377 | - |
Stock-Based Compensation | 105 | 111 | 131 | - | 107 | - |
Other Adjustments | 237 | 459 | 500 | 796 | 1,220 | 280 |
Changes in Income Taxes Payable | -474 | -403 | -349 | -393 | -255 | -255 |
Changes in Other Operating Activities | -1,301 | -364 | -191 | 64 | -181 | -279 |
Operating Cash Flow | 1,900 | 1,739 | 1,755 | 1,885 | 1,732 | 1,140 |
Operating Cash Flow Growth | 9.26% | -0.91% | -6.90% | 8.83% | 51.93% | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -91 | -70 | -91 | -47 | -33 | -13 |
Sale of Property, Plant & Equipment | 37 | 65 | 2 | - | - | 6 |
Purchases of Intangible Assets | -370 | -470 | -358 | -252 | -419 | -436 |
Purchases of Investments | -347 | -350 | -535 | -235 | -58 | -71 |
Proceeds from Sale of Investments | 395 | 13 | 79 | 1 | 9 | 14 |
Cash Acquisitions | -589 | -62 | -163 | -97 | -22 | -11 |
Proceeds from Business Divestments | - | - | - | 1 | - | 117 |
Other Investing Activities | 35 | 20 | 15 | 7 | 3 | 3 |
Investing Cash Flow | -930 | -854 | -1,051 | -622 | -520 | -391 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | 8,470 | 4,523 | 4,321 | 6,647 | 5,938 | 3,176 |
Long-Term Debt Repaid | -7,198 | -4,369 | -3,755 | -6,815 | -6,359 | -3,624 |
Net Long-Term Debt Issued (Repaid) | 1,272 | 154 | 566 | -168 | -421 | -448 |
Common Dividends Paid | -1,009 | -953 | -933 | -929 | -798 | -785 |
Other Financing Activities | -235 | -189 | -185 | -183 | -128 | -113 |
Financing Cash Flow | -706 | -988 | -552 | -1,280 | -1,347 | -1,346 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -32 | -65 | 6 | -34 | 1 | 32 |
Net Cash Flow | -10 | -168 | 158 | -51 | -134 | -565 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,809 | 1,669 | 1,664 | 1,838 | 1,699 | 1,127 |
Free Cash Flow Growth | 8.39% | 0.30% | -9.47% | 8.18% | 50.75% | - |
FCF Margin | 14.11% | 13.34% | 14.06% | 16.55% | 16.43% | 13.25% |
Free Cash Flow Per Share | 0.98 | 0.90 | 0.90 | 1.00 | 0.94 | 0.62 |
Levered Free Cash Flow | 209 | 1,296 | 2,430 | 715 | 269 | -109 |
Unlevered Free Cash Flow | -57.67 | 1,084 | 1,072 | 664.64 | 1,304 | 515.55 |