Spotify Technology S.A. (BKK:SPOT06)

Spotify Technology Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	1,405	1,138	-532	-430	-34	-581
Depreciation & Amortization	96	113	146	171	127	111
Other Amortization	11	8	12	-	18	-
Asset Writedown & Restructuring Costs	33	43	152	-	-	-
Stock-Based Compensation	244	267	321	381	223	176
Other Operating Activities	695	356	117	-267	63	236
Change in Accounts Receivable	-20	145	-145	-84	-245	-187
Change in Accounts Payable	451	183	501	226	137	425
Change in Unearned Revenue	24	45	113	52	67	73
Change in Other Net Operating Assets	21	3	-5	-3	5	6
Operating Cash Flow	2,960	2,301	680	46	361	259
Operating Cash Flow Growth	63.09%	238.38%	1378.26%	-87.26%	39.38%	-54.80%
Capital Expenditures	-45	-17	-6	-25	-85	-78
Cash Acquisitions	-9	-10	-7	-306	-115	-336
Investment in Securities	-2,320	-1,471	-211	-89	22	67
Other Investing Activities	20	12	7	-3	-9	-25
Investing Cash Flow	-2,354	-1,486	-217	-423	-187	-372
Long-Term Debt Issued	-	-	-	-	1,223	-
Long-Term Debt Repaid	-	-69	-66	-43	-35	-24
Net Debt Issued (Repaid)	-71	-69	-66	-43	1,188	-24
Issuance of Common Stock	634	933	366	43	167	319
Repurchase of Common Stock	-282	-135	-68	-42	-143	-30
Other Financing Activities	-	-	2	2	38	20
Financing Cash Flow	281	729	234	-40	1,250	285
Foreign Exchange Rate Adjustments	-119	123	-66	156	169	-86
Net Cash Flow	768	1,667	631	-261	1,593	86
Free Cash Flow	2,915	2,284	674	21	276	181
Free Cash Flow Growth	61.68%	238.87%	3109.52%	-92.39%	52.49%	-58.68%
Free Cash Flow Margin	17.25%	14.57%	5.09%	0.18%	2.85%	2.30%
Free Cash Flow Per Share	13.85	11.03	3.46	0.11	1.42	0.96
Cash Interest Paid	39	36	38	53	50	55
Cash Income Tax Paid	92	53	43	43	6	8
Levered Free Cash Flow	789	1,240	680	302.5	567.63	157.13
Unlevered Free Cash Flow	809.63	1,262	703.75	328.13	592.75	190.88
Change in Working Capital	476	376	464	191	-36	317

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