Xero Limited Cash Flow Statement

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

Millions NZD. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	167.42	227.82	174.64	-113.53	-9.11
Depreciation & Amortization	49.1	32.14	33.99	33.15	30.79
Other Amortization	392.77	301.83	260.51	220.68	174.69
Asset Writedown & Restructuring Costs	2.32	3.04	24.48	122.68	24.7
Stock-Based Compensation	240.09	151.88	95.82	80.86	61.06
Provision & Write-off of Bad Debts	9.64	6.67	5.54	4.36	2.43
Other Operating Activities	-13.37	32.86	15.2	-10	-43.71
Change in Accounts Receivable	-35.06	9.17	-51.27	-4.51	-16.1
Change in Accounts Payable	45.16	-6.89	26.8	-3.95	12.79
Change in Unearned Revenue	12.7	4.14	11.97	1.17	3.97
Change in Income Taxes	13.17	2.04	-28.88	7.36	-7.36
Change in Other Net Operating Assets	49.29	-13.37	-37.54	48.09	2.23
Operating Cash Flow	933.15	811.67	591.76	390.45	236.37
Operating Cash Flow Growth	14.97%	37.16%	51.56%	65.19%	8.11%
Capital Expenditures	-9.4	-13.14	-6.59	-6.75	-19.03
Cash Acquisitions	-3,887	-56.18	-8.66	-15.88	-185.42
Divestitures	-	-	9.55	-	-
Sale (Purchase) of Intangibles	-422.05	-289.94	-241.94	-279.08	-221.69
Investment in Securities	-	-42.07	-	-	-
Other Investing Activities	-	-1.85	5.64	-3.18	-3.9
Investing Cash Flow	-4,319	-403.18	-242.01	-304.9	-430.04
Long-Term Debt Issued	698.15	1,489	-	2.15	4.28
Total Debt Issued	698.15	1,489	-	2.15	4.28
Long-Term Debt Repaid	-51.07	-1,087	-17.91	-21.44	-21.49
Total Debt Repaid	-51.07	-1,087	-17.91	-21.44	-21.49
Net Debt Issued (Repaid)	647.08	402.08	-17.91	-19.29	-17.21
Issuance of Common Stock	2,140	26.88	39.61	31.71	35.98
Other Financing Activities	568.19	-605.88	-114.96	-315.52	-80.3
Financing Cash Flow	3,355	-176.92	-93.26	-303.1	-61.52
Foreign Exchange Rate Adjustments	146.38	38.07	11.68	43.97	1.54
Net Cash Flow	115.95	269.64	268.17	-173.57	-253.66
Free Cash Flow	923.75	798.54	585.17	383.7	217.34
Free Cash Flow Growth	15.68%	36.46%	52.51%	76.54%	4.72%
Free Cash Flow Margin	33.55%	37.98%	34.14%	27.41%	19.82%
Free Cash Flow Per Share	5.25	5.16	3.83	2.56	1.47
Cash Interest Paid	43.52	23.15	8.49	9.27	8.72
Cash Income Tax Paid	139.94	58.59	46.55	11.3	20.24
Levered Free Cash Flow	221.12	861	274.78	124.48	9.99
Unlevered Free Cash Flow	230.16	859.25	265.96	115.59	-2.23
Change in Working Capital	85.19	55.44	-18.42	52.25	-4.47

Source: S&P Global Market Intelligence. Standard template. Financial Sources.