Associated British Foods Cash Flow Statement

Financials in millions GBP. Fiscal year is October - September.

Millions GBP. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 13, 2025	Sep '24 Sep 14, 2024	Sep '23 Sep 16, 2023	Sep '22 Sep 17, 2022	Sep '21 Sep 18, 2021
Net Income	1,025	1,455	1,044	700	478
Depreciation & Amortization	988	949	886	870	897
Loss (Gain) From Sale of Assets	41	-42	-25	16	-24
Asset Writedown & Restructuring Costs	188	35	109	206	142
Loss (Gain) on Equity Investments	-103	-117	-124	-109	-79
Stock-Based Compensation	18	31	18	19	17
Other Operating Activities	201	228	-11	173	65
Change in Accounts Receivable	-13	23	-107	-288	-98
Change in Inventory	-223	169	-94	-953	-120
Change in Accounts Payable	141	113	-15	512	175
Change in Other Net Operating Assets	-32	30	-27	7	-40
Operating Cash Flow	2,231	2,874	1,654	1,153	1,413
Operating Cash Flow Growth	-22.37%	73.76%	43.45%	-18.40%	-19.39%
Capital Expenditures	-1,099	-1,124	-997	-680	-551
Sale of Property, Plant & Equipment	13	43	48	30	21
Cash Acquisitions	-4	-93	-94	-154	-57
Divestitures	-4	24	4	-	34
Sale (Purchase) of Intangibles	-135	-60	-76	-89	-76
Investment in Securities	328	-338	-1	-7	-14
Other Investing Activities	180	216	213	156	82
Investing Cash Flow	-721	-1,332	-903	-744	-561
Short-Term Debt Issued	2	-	-	-	-
Long-Term Debt Issued	-	66	-	178	-
Total Debt Issued	2	66	-	178	-
Short-Term Debt Repaid	-	-50	-13	-12	-10
Long-Term Debt Repaid	-357	-348	-308	-321	-308
Total Debt Repaid	-357	-398	-321	-333	-318
Net Debt Issued (Repaid)	-355	-332	-321	-155	-318
Repurchase of Common Stock	-629	-582	-494	-50	-
Common Dividends Paid	-458.08	-405	-345	-380	-49
Other Financing Activities	-151	-153	-125	-92	-145
Financing Cash Flow	-1,791	-1,569	-1,285	-677	-512
Foreign Exchange Rate Adjustments	-28	-126	-73	74	-60
Net Cash Flow	-309	-153	-607	-194	280
Free Cash Flow	1,132	1,750	657	473	862
Free Cash Flow Growth	-35.31%	166.36%	38.90%	-45.13%	-27.68%
Free Cash Flow Margin	5.82%	8.72%	3.33%	2.78%	6.21%
Free Cash Flow Per Share	1.56	2.33	0.84	0.60	1.09
Cash Interest Paid	143	140	118	114	116
Cash Income Tax Paid	298	340	341	304	298
Levered Free Cash Flow	677.63	1,377	667.88	-148.25	652.5
Unlevered Free Cash Flow	760.13	1,461	747.88	-78.88	721.88
Change in Working Capital	-127	335	-243	-722	-83

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