Trainline Cash Flow Statement

Financials in millions GBP. Fiscal year is March - February.

Millions GBP. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Net Income	73.14	58.35	33.99	21.22	-11.91	-91.3
Depreciation & Amortization	11.52	12.89	12.33	11.33	12.98	13.05
Other Amortization	30.27	30.27	29.33	29.84	29.6	28.15
Asset Writedown & Restructuring Costs	-0.31	0.77	-	-	-	25.2
Loss (Gain) From Sale of Investments	-	-	-	-	-	0.01
Stock-Based Compensation	15.39	21.45	22.63	17.29	6.78	7.09
Other Operating Activities	26.36	21.95	13.54	3.01	6.03	-8.25
Change in Accounts Receivable	-30.63	-10.92	0.97	-13.99	-33.56	33.02
Change in Accounts Payable	10.2	3.45	8.95	-29.1	189.68	-128.06
Operating Cash Flow	135.95	138.2	121.73	39.61	199.61	-121.1
Operating Cash Flow Growth	-9.16%	13.53%	207.35%	-80.16%	-	-
Capital Expenditures	-1.48	-1.44	-2.85	-2.41	-4.56	-1.24
Cash Acquisitions	-0.59	-0.36	-0.87	-	-	-
Sale (Purchase) of Intangibles	-39.08	-40.87	-37.03	-32.81	-24.79	-25.1
Investing Cash Flow	-41.15	-42.67	-40.75	-35.22	-29.34	-26.34
Long-Term Debt Issued	-	180	90	105	97	245
Long-Term Debt Repaid	-	-174.91	-94.01	-102.69	-212.22	-139.86
Net Debt Issued (Repaid)	-14.78	5.09	-4.01	2.31	-115.22	105.14
Repurchase of Common Stock	-132.77	-106.49	-35.36	-7.95	-16.6	-4.12
Other Financing Activities	-11.27	-7.68	-6.2	-10.1	-5.69	-8.17
Financing Cash Flow	-158.82	-109.08	-45.57	-15.74	-137.51	92.85
Foreign Exchange Rate Adjustments	0.53	-0.78	-1.66	0.19	-0.83	-0.97
Net Cash Flow	-63.5	-14.33	33.75	-11.16	31.92	-55.55
Free Cash Flow	134.47	136.76	118.88	37.2	195.05	-122.33
Free Cash Flow Growth	-7.98%	15.04%	219.58%	-80.93%	-	-
Free Cash Flow Margin	30.03%	30.93%	29.97%	11.37%	103.47%	-182.36%
Free Cash Flow Per Share	0.30	0.30	0.25	0.08	0.41	-0.26
Cash Interest Paid	7.95	6.87	6.14	6.85	5.58	5.48
Cash Income Tax Paid	11.65	12.99	10.68	4.14	-4.44	-0.16
Levered Free Cash Flow	67.85	69.33	64.44	3.97	172.75	-145.84
Unlevered Free Cash Flow	74.09	74.39	69.67	10.38	177.91	-141.07
Change in Working Capital	-20.43	-7.47	9.92	-43.08	156.12	-95.04

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