M&G plc Cash Flow Statement

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-55	-360	297	-2,068	83	1,138
Depreciation & Amortization	179	190	176	176	148	128
Change in Insurance Reserves / Liabilities	-2,575	-1,300	838	-21,958	-9,846	-895
Change in Other Net Operating Assets	2,937	1,963	385	24,281	10,933	2,168
Other Operating Activities	1,058	184	23	-935	-16	37
Operating Cash Flow	1,544	677	1,719	-504	1,302	2,576
Operating Cash Flow Growth	19.04%	-60.62%	-	-	-49.46%	1150.48%
Capital Expenditures	-213	-289	-496	-573	-770	-821
Sale of Property, Plant & Equipment	19	21	1	1	41	-
Cash Acquisitions	-68	-31	-213	-225	13	-136
Investing Cash Flow	1	152	-603	-368	-466	-957
Total Debt Repaid	-341	-478	-25	-30	-23	-24
Net Debt Issued (Repaid)	-341	-478	-25	-30	-23	-24
Issuance of Common Stock	5	5	9	-	-	-
Repurchases of Common Stock	-	-	-	-503	-	-105
Common Dividends Paid	-478	-468	-462	-465	-466	-462
Other Financing Activities	-186	-201	-202	-204	-192	-189
Financing Cash Flow	-1,000	-1,142	-680	-1,202	-681	-880
Foreign Exchange Rate Adjustments	-67	3	-27	50	-23	-9
Net Cash Flow	478	-310	409	-2,024	132	730
Free Cash Flow	1,331	388	1,223	-1,077	532	1,755
Free Cash Flow Growth	50.91%	-68.27%	-	-	-69.69%	-
Free Cash Flow Margin	20.99%	7.11%	19.48%	-61.79%	3.20%	10.87%
Free Cash Flow Per Share	0.56	0.16	0.51	-0.43	0.21	0.68
Cash Interest Paid	522	547	393	278	330	189
Cash Income Tax Paid	488	514	250	268	332	633
Levered Free Cash Flow	-3,347	-1,150	4,655	10,840	10,419	-3,617
Unlevered Free Cash Flow	-3,074	-888.25	4,883	11,026	10,620	-3,417
Change in Working Capital	362	663	1,223	2,323	1,087	1,273

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