Infosys 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	3,206	3,158	3,167	2,981	2,963	2,613
Depreciation & Amortization	548	569	565	524	466	441
Stock-Based Compensation	103	95	79	64	56	45
Provision & Write-off of Bad Debts	4	6	15	35	23	25
Other Operating Activities	273	593	-55	53	-5	48
Change in Accounts Receivable	-488	-209	-322	-875	-1,064	-248
Change in Accounts Payable	119	21	11	-35	200	-33
Change in Unearned Revenue	300	135	21	103	299	138
Change in Other Net Operating Assets	13	-17	-333	3	407	229
Operating Cash Flow	4,078	4,351	3,148	2,853	3,345	3,258
Operating Cash Flow Growth	-4.92%	38.21%	10.34%	-14.71%	2.67%	24.78%
Capital Expenditures	-286	-263	-266	-319	-290	-285
Cash Acquisitions	-77	-377	-12	-113	-	-186
Investment in Securities	259	218	-540	122	-803	-701
Other Investing Activities	71	61	110	92	88	43
Investing Cash Flow	-33	-361	-708	-218	-1,005	-1,129
Short-Term Debt Repaid	-	-118	-	-	-	-
Long-Term Debt Repaid	-	-278	-245	-151	-125	-94
Total Debt Repaid	-297	-396	-245	-151	-125	-94
Net Debt Issued (Repaid)	-297	-396	-245	-151	-125	-94
Issuance of Common Stock	-	1	1	4	2	2
Repurchase of Common Stock	-2,005	-	-	-1,398	-1,503	-
Common Dividends Paid	-2,133	-2,007	-1,777	-1,697	-1,703	-1,226
Other Financing Activities	-36	-64	-95	-46	4	1
Financing Cash Flow	-4,471	-2,875	-2,116	-3,288	-3,325	-1,317
Foreign Exchange Rate Adjustments	-21	-27	-32	-171	-90	103
Net Cash Flow	-447	1,088	292	-824	-1,075	915
Free Cash Flow	3,792	4,088	2,882	2,534	3,055	2,973
Free Cash Flow Growth	-6.23%	41.85%	13.73%	-17.05%	2.76%	38.54%
Free Cash Flow Margin	19.11%	21.21%	15.53%	13.91%	18.73%	21.92%
Free Cash Flow Per Share	0.92	0.98	0.69	0.60	0.72	0.70
Cash Income Tax Paid	1,042	662	1,114	1,088	1,020	863
Levered Free Cash Flow	3,138	3,598	1,441	2,314	2,644	2,345
Unlevered Free Cash Flow	3,167	3,628	1,476	2,336	2,661	2,361
Change in Working Capital	-56	-70	-623	-804	-158	86

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