HCL Technologies Cash Flow Statement

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

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	1,886	2,041	1,896	1,837	1,807	1,507
Depreciation & Amortization	401	472	492	452	514	623
Other Amortization	93	11	11	62	66	-
Loss (Gain) From Sale of Assets	-	-70	-1	-20	-2	-14
Loss (Gain) From Sale of Investments	-19	-23	-19	-14	-14	-13
Stock-Based Compensation	46	26	38	38	11	-
Provision & Write-off of Bad Debts	8	2	14	3	3	3
Other Operating Activities	30	53	-	31	-47	135
Change in Accounts Receivable	-256	-13	30	-400	-376	78
Change in Inventory	-10	9	8	-5	28	10
Change in Accounts Payable	115	29	-82	-22	95	82
Change in Other Net Operating Assets	215	95	324	268	180	240
Operating Cash Flow	2,509	2,632	2,711	2,230	2,265	2,651
Operating Cash Flow Growth	-12.00%	-2.91%	21.57%	-1.54%	-14.56%	52.09%
Capital Expenditures	-155	-131	-127	-206	-221	-258
Sale of Property, Plant & Equipment	2	3	4	27	12	21
Cash Acquisitions	-3	-235	-247	-92	5	-165
Divestitures	1	83	-	-	-	-
Investment in Securities	-226	-409	-534	-279	336	-452
Other Investing Activities	125	108	92	57	65	79
Investing Cash Flow	-256	-581	-812	-493	197	-775
Short-Term Debt Issued	-	44	42	11	7	110
Long-Term Debt Issued	-	-	1	4	3	506
Total Debt Issued	18	44	43	15	10	616
Short-Term Debt Repaid	-	-44	-42	-11	-7	-210
Long-Term Debt Repaid	-	-181	-162	-349	-154	-577
Total Debt Repaid	-214	-225	-204	-360	-161	-787
Net Debt Issued (Repaid)	-196	-181	-161	-345	-151	-171
Repurchase of Common Stock	-112	-80	-	-	-108	-
Common Dividends Paid	-1,865	-1,922	-1,699	-1,614	-1,164	-440
Other Financing Activities	-5	-12	-8	-14	-159	-886
Financing Cash Flow	-2,178	-2,195	-1,868	-1,973	-1,946	-1,497
Foreign Exchange Rate Adjustments	28	-24	-2	-48	-21	16
Net Cash Flow	103	-168	29	-284	495	395
Free Cash Flow	2,354	2,501	2,584	2,024	2,044	2,393
Free Cash Flow Growth	-13.33%	-3.21%	27.67%	-0.98%	-14.58%	61.64%
Free Cash Flow Margin	16.26%	18.07%	19.47%	16.08%	17.80%	23.52%
Free Cash Flow Per Share	0.87	0.92	0.95	0.75	0.75	0.88
Cash Interest Paid	5	6	8	10	9	19
Cash Income Tax Paid	530	550	543	482	476	478
Levered Free Cash Flow	1,870	2,146	2,199	1,632	1,711	909.49
Unlevered Free Cash Flow	1,927	2,194	2,241	1,659	1,731	940.74
Change in Working Capital	64	120	280	-159	-73	410

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.