Ubisoft Entertainment Cash Flow Statement

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

Millions EUR. 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	-1,475	-159	157.8	-494.2	79.1
Depreciation & Amortization	1,589	91.8	776	1,228	582.2
Other Amortization	-	602.2	-	-	-
Loss (Gain) From Sale of Assets	0.7	2.5	0.5	0.6	0.2
Asset Writedown & Restructuring Costs	-	16.7	-	59.5	90.1
Stock-Based Compensation	35.4	54.5	59.6	62	54.1
Provision & Write-off of Bad Debts	-	-2.7	4	-0.8	0.1
Other Operating Activities	60.3	-55.5	-5.1	-170.4	55.9
Change in Accounts Receivable	117.5	339.1	-480.8	210.9	-118.2
Change in Inventory	4.2	1.9	20	-2.6	2.5
Change in Accounts Payable	-41.4	21.1	39	-22.8	1.1
Change in Unearned Revenue	-24.7	12.4	-51.2	-122.4	-48.8
Change in Other Net Operating Assets	14.7	83.9	17.8	-57.8	7.4
Operating Cash Flow	280.4	1,009	537.6	689.6	705.7
Operating Cash Flow Growth	-72.21%	87.67%	-22.04%	-2.28%	-26.33%
Capital Expenditures	-34.8	-41.9	-116.2	-48.2	-67
Sale of Property, Plant & Equipment	0.2	0.8	0.1	0.1	0.2
Cash Acquisitions	-	-	-	-30.8	-26.5
Sale (Purchase) of Intangibles	-644.3	-796.9	-887	-1,022	-879.6
Investment in Securities	-7.6	-9.5	-5.6	-51.4	-113.4
Other Investing Activities	-	-0.1	0.1	-	0.1
Investing Cash Flow	-683.1	-846	-1,008	-1,107	-1,008
Long-Term Debt Issued	0.9	733.7	1,171	1,437	158.3
Long-Term Debt Repaid	-412.5	-1,115	-1,022	-994.1	-257
Net Debt Issued (Repaid)	-411.6	-381.4	148.4	443.2	-98.7
Issuance of Common Stock	1,179	38	56.4	100.4	74.4
Repurchase of Common Stock	-	-	-	-	-117
Other Financing Activities	-	-0.1	-0.1	-	239.9
Financing Cash Flow	767	-343.5	204.7	543.6	98.6
Foreign Exchange Rate Adjustments	-8.4	-32.6	3.1	-53.4	29.8
Net Cash Flow	355.9	-213.2	-262.2	73.2	-173.8
Free Cash Flow	245.6	967	421.4	641.4	638.7
Free Cash Flow Growth	-74.60%	129.47%	-34.30%	0.42%	-27.40%
Free Cash Flow Margin	17.60%	50.92%	18.32%	35.35%	30.05%
Free Cash Flow Per Share	1.86	7.61	3.31	5.29	5.25
Cash Interest Paid	-	78	57.7	22.4	15.4
Cash Income Tax Paid	-	95.9	110.7	79.1	90.9
Levered Free Cash Flow	287.74	262.55	-507.64	-150.63	-260.54
Unlevered Free Cash Flow	326.43	328.99	-460.89	-128.13	-245.23
Change in Working Capital	70.3	458.4	-455.2	5.3	-156

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