Universal Music Group N.V. (AMS:UMG)
Netherlands · Delayed Price · Currency is EUR 14.73
-0.17 (-1.14%)
Aug 21, 2026, 5:35 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 | 323 | 1,533 | 2,086 | 1,259 | 782 | 886 |
Depreciation & Amortization | 224 | 190 | 164 | 146 | 141 | 277 |
Other Amortization | 256 | 256 | 245 | 236 | 236 | - |
Loss (Gain) From Sale of Assets | - | -4 | -23 | -26 | 2 | -2 |
Asset Writedown & Restructuring Costs | 1 | 3 | 2 | -7 | 17 | - |
Stock-Based Compensation | 106 | 111 | 131 | 429 | 107 | - |
Other Operating Activities | 896 | -388 | -845 | -316 | 480 | -106 |
Change in Accounts Receivable | -291 | -291 | -110 | -309 | -203 | -126 |
Change in Inventory | -35 | -35 | -32 | -52 | -62 | -17 |
Change in Accounts Payable | 369 | 369 | 137 | 527 | 226 | 226 |
Change in Other Net Operating Assets | -191 | -5 | - | -2 | 6 | 2 |
Operating Cash Flow | 1,658 | 1,739 | 1,755 | 1,885 | 1,732 | 1,140 |
Operating Cash Flow Growth | -6.33% | -0.91% | -6.90% | 8.83% | 51.93% | 23.11% |
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 |
Cash Acquisitions | -589 | -62 | -163 | -97 | -22 | -11 |
Divestitures | - | - | - | 1 | - | 117 |
Sale (Purchase) of Intangibles | -128 | -125 | -92 | -74 | -60 | -48 |
Investment in Securities | 48 | -337 | -456 | -234 | -49 | -57 |
Other Investing Activities | -207 | -325 | -251 | -171 | -356 | -385 |
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 | - | 4,523 | 4,321 | 6,647 | 5,938 | 3,176 |
Total Debt Issued | 8,470 | 4,523 | 4,321 | 6,647 | 5,938 | 3,176 |
Long-Term Debt Repaid | - | -4,441 | -3,836 | -6,895 | -6,445 | -3,694 |
Total Debt Repaid | -7,266 | -4,441 | -3,836 | -6,895 | -6,445 | -3,694 |
Net Debt Issued (Repaid) | 1,204 | 82 | 485 | -248 | -507 | -518 |
Common Dividends Paid | -1,009 | -953 | -933 | -929 | -798 | -785 |
Other Financing Activities | -167 | -117 | -104 | -103 | -42 | -43 |
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 | 1,567 | 1,669 | 1,664 | 1,838 | 1,699 | 1,127 |
Free Cash Flow Growth | -6.95% | 0.30% | -9.47% | 8.18% | 50.75% | 25.64% |
Free Cash Flow Margin | 12.22% | 13.35% | 14.06% | 16.55% | 16.43% | 13.25% |
Free Cash Flow Per Share | 0.85 | 0.90 | 0.90 | 1.00 | 0.94 | 0.62 |
Levered Free Cash Flow | 1,792 | 1,563 | 2,060 | 1,909 | 1,298 | 1,521 |
Unlevered Free Cash Flow | 1,889 | 1,644 | 2,140 | 1,975 | 1,337 | 1,545 |
Additional Metrics
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 |
Cash Interest Paid | 32 | 21 | 21 | 14 | 14 | 16 |
Cash Income Tax Paid | 404 | 403 | 349 | 393 | 255 | 255 |
Change in Working Capital | -148 | 38 | -5 | 164 | -33 | 85 |