ETR:LS4C Cash Flow Statement

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,249	685	761	1,302	3,129
Depreciation & Amortization	1,211	1,240	1,249	1,843	1,503
Other Amortization	1,015	976	862	3	12
Loss (Gain) From Sale of Assets	-	-8	-	-133	-
Asset Writedown & Restructuring Costs	12	233	32	50	67
Loss (Gain) From Sale of Investments	-	33	-69	-23	-
Stock-Based Compensation	176	162	143	158	141
Other Operating Activities	378	113	325	-300	-2,500
Change in Accounts Receivable	-183	517	-706	-407	747
Change in Accounts Payable	-236	-245	-1	-119	-347
Change in Other Net Operating Assets	-	-310	346	326	-260
Operating Cash Flow	3,622	3,396	2,942	2,737	2,602
Operating Cash Flow Growth	6.65%	15.43%	7.49%	5.19%	167.69%
Capital Expenditures	-124	-74	-122	-193	-90
Sale of Property, Plant & Equipment	-	-	-	153	-
Cash Acquisitions	-	-666	-523	-768	762
Divestitures	-	8	-	-	-
Sale (Purchase) of Intangibles	-1,782	-934	-962	-773	-542
Investment in Securities	-151	360	223	-227	-28
Other Investing Activities	11	27	15	899	3,582
Investing Cash Flow	-2,046	-1,279	-1,369	-909	3,684
Long-Term Debt Issued	2,605	1,700	2,389	-	6,944
Total Debt Issued	2,605	1,700	2,389	-	6,944
Long-Term Debt Repaid	-891	-1,496	-1,417	-359	-11,732
Net Debt Issued (Repaid)	1,714	204	972	-359	-4,788
Repurchase of Common Stock	-2,072	-1,005	-1,207	-303	-
Common Dividends Paid	-718	-642	-611	-567	-426
Other Financing Activities	15	-721	-240	-239	-132
Financing Cash Flow	-1,061	-2,164	-1,086	-1,468	-5,346
Foreign Exchange Rate Adjustments	-41	-58	-116	184	-60
Net Cash Flow	474	-105	371	544	880
Free Cash Flow	3,498	3,322	2,820	2,544	2,512
Free Cash Flow Growth	5.30%	17.80%	10.85%	1.27%	163.59%
Free Cash Flow Margin	37.43%	37.50%	33.66%	32.86%	38.44%
Free Cash Flow Per Share	6.64	6.21	5.12	4.54	4.64
Cash Interest Paid	304	325	212	171	152
Cash Income Tax Paid	396	395	217	351	390
Levered Free Cash Flow	2,054	2,386	1,652	2,267	2,150
Unlevered Free Cash Flow	2,256	2,598	1,830	2,368	2,248
Change in Working Capital	-419	-38	-361	-200	140

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