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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	806	1,138	-532	-430	-34	-581
Depreciation & Amortization	103	113	146	171	127	111
Other Amortization	10	8	12	-	18	-
Asset Writedown & Restructuring Costs	28	43	152	-	-	-
Stock-Based Compensation	232	267	321	381	223	176
Other Operating Activities	1,177	356	117	-267	63	236
Change in Accounts Receivable	2	145	-145	-84	-245	-187
Change in Accounts Payable	437	183	501	226	137	425
Change in Unearned Revenue	32	45	113	52	67	73
Change in Other Net Operating Assets	19	3	-5	-3	5	6
Operating Cash Flow	2,846	2,301	680	46	361	259
Operating Cash Flow Growth	117.09%	238.38%	1378.26%	-87.26%	39.38%	-54.80%
Capital Expenditures	-26	-17	-6	-25	-85	-78
Cash Acquisitions	-9	-10	-7	-306	-115	-336
Investment in Securities	-1,981	-1,471	-211	-89	22	67
Other Investing Activities	18	12	7	-3	-9	-25
Investing Cash Flow	-1,998	-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)	-74	-69	-66	-43	1,188	-24
Issuance of Common Stock	747	933	366	43	167	319
Repurchase of Common Stock	-193	-135	-68	-42	-143	-30
Other Financing Activities	-	-	2	2	38	20
Financing Cash Flow	480	729	234	-40	1,250	285
Foreign Exchange Rate Adjustments	-221	123	-66	156	169	-86
Net Cash Flow	1,107	1,667	631	-261	1,593	86
Free Cash Flow	2,820	2,284	674	21	276	181
Free Cash Flow Growth	116.59%	238.87%	3109.52%	-92.39%	52.49%	-58.68%
Free Cash Flow Margin	16.98%	14.57%	5.09%	0.18%	2.85%	2.30%
Free Cash Flow Per Share	13.45	11.03	3.46	0.11	1.42	0.96
Cash Interest Paid	37	36	38	53	50	55
Cash Income Tax Paid	102	53	43	43	6	8
Levered Free Cash Flow	751.38	1,240	680	302.5	567.63	157.13
Unlevered Free Cash Flow	772.63	1,262	703.75	328.13	592.75	190.88
Change in Working Capital	490	376	464	191	-36	317

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