Mitchells & Butlers 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	2016 - 2020
Period Ending	Sep '25 Sep 27, 2025	Sep '24 Sep 28, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 24, 2022	Sep '21 Sep 25, 2021	2016 - 2020
Net Income	177	149	-4	13	-65	Upgrade
Depreciation & Amortization	135	126	129	129	135	Upgrade
Other Amortization	-	4	4	4	4	Upgrade
Loss (Gain) From Sale of Assets	-1	-2	-1	-1	1	Upgrade
Asset Writedown & Restructuring Costs	3	14	131	117	-38	Upgrade
Loss (Gain) From Sale of Investments	-	-	-5	-	-	Upgrade
Loss (Gain) on Equity Investments	-	-	-1	-1	-1	Upgrade
Stock-Based Compensation	9	7	5	4	3	Upgrade
Other Operating Activities	49	39	-1	-2	29	Upgrade
Change in Accounts Receivable	16	44	-42	-19	-7	Upgrade
Change in Inventory	1	-1	-2	-3	3	Upgrade
Change in Accounts Payable	-17	8	44	42	10	Upgrade
Change in Other Net Operating Assets	-4	-2	-9	-45	-51	Upgrade
Operating Cash Flow	368	386	248	238	25	Upgrade
Operating Cash Flow Growth	-4.66%	55.65%	4.20%	852.00%	-80.31%	Upgrade
Capital Expenditures	-169	-152	-154	-117	-29	Upgrade
Sale of Property, Plant & Equipment	1	1	3	1	1	Upgrade
Cash Acquisitions	-	-2	-12	-	-	Upgrade
Sale (Purchase) of Intangibles	-12	-2	-3	-5	-4	Upgrade
Investing Cash Flow	-179	-154	-165	-118	-32	Upgrade
Short-Term Debt Issued	-	2	-	-	-	Upgrade
Total Debt Issued	-	2	-	-	-	Upgrade
Short-Term Debt Repaid	-	-	-	-	-119	Upgrade
Long-Term Debt Repaid	-173	-170	-174	-163	-148	Upgrade
Total Debt Repaid	-173	-170	-174	-163	-267	Upgrade
Net Debt Issued (Repaid)	-173	-168	-174	-163	-267	Upgrade
Issuance of Common Stock	1	-	-	1	351	Upgrade
Repurchase of Common Stock	-5	-7	-	-2	-1	Upgrade
Other Financing Activities	4	5	5	5	-6	Upgrade
Financing Cash Flow	-173	-170	-169	-159	77	Upgrade
Foreign Exchange Rate Adjustments	1	-1	-1	2	-1	Upgrade
Net Cash Flow	17	61	-87	-37	69	Upgrade
Free Cash Flow	199	234	94	121	-4	Upgrade
Free Cash Flow Growth	-14.96%	148.94%	-22.31%	-	-	Upgrade
Free Cash Flow Margin	7.34%	8.97%	3.75%	5.48%	-0.38%	Upgrade
Free Cash Flow Per Share	0.33	0.39	0.16	0.20	-0.01	Upgrade
Cash Interest Paid	99	118	115	117	127	Upgrade
Cash Income Tax Paid	24	18	3	2	-1	Upgrade
Levered Free Cash Flow	119.13	123.63	59.25	107.25	-56.25	Upgrade
Unlevered Free Cash Flow	181.63	191.75	131.75	179.13	20	Upgrade
Change in Working Capital	-4	49	-9	-25	-45	Upgrade

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