Bharti Airtel Cash Flow Statement

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

Millions INR. 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	266,952	335,561	74,670	83,459	42,549
Depreciation & Amortization	527,108	450,722	390,708	359,649	326,741
Other Amortization	-	4,981	4,668	4,669	4,166
Loss (Gain) From Sale of Assets	-2,985	-1,031	44	22	74
Asset Writedown & Restructuring Costs	-	-	-	-	3,810
Loss (Gain) From Sale of Investments	-3,369	-2,048	-2,645	-2,474	-1,067
Loss (Gain) on Equity Investments	-3,645	-37,030	-27,094	-7,521	-24,232
Stock-Based Compensation	3,157	1,669	1,194	1,115	776
Provision & Write-off of Bad Debts	3,586	3,741	4,278	5,664	3,048
Other Operating Activities	359,450	142,944	319,023	239,783	208,773
Change in Accounts Receivable	-5,654	29,658	-14,941	-5,583	-7,131
Change in Inventory	-1,982	-1,416	-771	-1,157	-1,181
Change in Accounts Payable	24,977	8,586	6,398	12,671	-4,877
Change in Other Net Operating Assets	54,701	46,985	33,450	-37,051	-1,283
Operating Cash Flow	1,222,296	983,322	788,982	653,246	550,166
Operating Cash Flow Growth	24.30%	24.63%	20.78%	18.74%	14.13%
Capital Expenditures	-451,756	-379,077	-381,915	-260,566	-265,406
Sale of Property, Plant & Equipment	11,680	3,382	1,228	885	13,791
Cash Acquisitions	-	1,023	-6,428	-	-
Divestitures	-	-69	-	-	6,885
Sale (Purchase) of Intangibles	-23,932	-231,209	-140,147	-128,503	-173,027
Investment in Securities	-128,145	-2,077	18,480	-20,118	-4,999
Other Investing Activities	5,901	5,329	6,743	17,500	4,060
Investing Cash Flow	-585,345	-602,698	-502,039	-390,802	-418,696
Short-Term Debt Issued	-	36,927	15,516	-	63,649
Long-Term Debt Issued	140,131	235,597	67,123	136,077	254,785
Total Debt Issued	140,131	272,524	82,639	136,077	318,434
Short-Term Debt Repaid	-44,087	-	-	-70,972	-
Long-Term Debt Repaid	-487,970	-250,132	-179,355	-254,213	-413,639
Total Debt Repaid	-532,057	-250,132	-179,355	-325,185	-413,639
Net Debt Issued (Repaid)	-391,926	22,392	-96,716	-189,108	-95,205
Issuance of Common Stock	156,969	14	6	52,245	52,233
Repurchase of Common Stock	-1,467	-3,675	-1,368	-499	-598
Common Dividends Paid	-113,277	-69,349	-41,845	-35,898	-14,438
Other Financing Activities	-173,225	-314,714	-137,862	-71,435	-94,024
Financing Cash Flow	-522,926	-365,332	-277,785	-244,695	-152,032
Foreign Exchange Rate Adjustments	23,291	718	-8,851	-1,522	3,919
Net Cash Flow	137,316	16,010	307	16,227	-16,643
Free Cash Flow	770,540	604,245	407,067	392,680	284,760
Free Cash Flow Growth	27.52%	48.44%	3.66%	37.90%	21.74%
Free Cash Flow Margin	36.52%	34.93%	27.14%	28.22%	24.43%
Free Cash Flow Per Share	128.07	100.85	69.76	68.55	51.04
Cash Interest Paid	148,876	175,476	140,263	66,893	131,588
Cash Income Tax Paid	62,839	44,380	28,806	37,915	21,754
Levered Free Cash Flow	609,508	125,875	88,921	201,977	-32,620
Unlevered Free Cash Flow	752,027	235,964	188,645	291,324	50,194
Change in Working Capital	72,042	83,813	24,136	-31,120	-14,472

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