FRA:LS4C 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	988	685	761	1,302	3,129	421
Depreciation & Amortization	766	1,240	1,249	1,843	1,503	145
Other Amortization	1,405	976	862	3	12	164
Loss (Gain) From Sale of Assets	-	-8	-	-133	-	-
Asset Writedown & Restructuring Costs	240	233	32	50	67	33
Loss (Gain) From Sale of Investments	33	33	-69	-23	-	-
Stock-Based Compensation	173	162	143	158	141	44
Other Operating Activities	106	113	325	-300	-2,500	-118
Change in Accounts Receivable	83	517	-706	-407	747	-53
Change in Accounts Payable	-126	-245	-1	-119	-347	21
Change in Other Net Operating Assets	-15	-310	346	326	-260	190
Operating Cash Flow	3,653	3,396	2,942	2,737	2,602	972
Operating Cash Flow Growth	19.26%	15.43%	7.49%	5.19%	167.69%	16.13%
Capital Expenditures	-98	-74	-122	-193	-90	-19
Sale of Property, Plant & Equipment	-	-	-	153	-	-
Cash Acquisitions	-596	-666	-523	-768	762	-
Divestitures	-	8	-	-	-	-
Sale (Purchase) of Intangibles	-884	-934	-962	-773	-542	-177
Investment in Securities	147	360	223	-227	-28	-2
Other Investing Activities	27	27	15	899	3,582	5
Investing Cash Flow	-1,404	-1,279	-1,369	-909	3,684	-193
Long-Term Debt Issued	-	1,700	2,389	-	6,944	5
Total Debt Issued	1,056	1,700	2,389	-	6,944	5
Long-Term Debt Repaid	-	-1,496	-1,417	-359	-11,732	-271
Total Debt Repaid	-1,674	-1,496	-1,417	-359	-11,732	-271
Net Debt Issued (Repaid)	-618	204	972	-359	-4,788	-266
Repurchase of Common Stock	-503	-1,005	-1,207	-303	-	-
Common Dividends Paid	-689	-642	-611	-567	-426	-257
Other Financing Activities	-535	-721	-240	-239	-132	-19
Financing Cash Flow	-2,345	-2,164	-1,086	-1,468	-5,346	-542
Foreign Exchange Rate Adjustments	-108	-58	-116	184	-60	55
Net Cash Flow	-204	-105	371	544	880	292
Free Cash Flow	3,555	3,322	2,820	2,544	2,512	953
Free Cash Flow Growth	21.12%	17.80%	10.85%	1.27%	163.59%	19.72%
Free Cash Flow Margin	38.89%	37.50%	33.66%	32.86%	38.44%	46.95%
Free Cash Flow Per Share	6.68	6.21	5.12	4.54	4.64	2.69
Cash Interest Paid	312	325	212	171	152	78
Cash Income Tax Paid	405	395	217	351	390	215
Levered Free Cash Flow	2,576	2,386	1,652	2,267	2,150	664.88
Unlevered Free Cash Flow	2,759	2,598	1,830	2,368	2,248	701
Change in Working Capital	-58	-38	-361	-200	140	158

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