Pearson 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	441	434	378	242	177	330
Depreciation & Amortization	105	117	125	144	145	205
Other Amortization	395	404	403	413	396	392
Loss (Gain) From Sale of Assets	-7	5	22	-24	-63	-178
Asset Writedown & Restructuring Costs	5	5	6	61	146	-
Stock-Based Compensation	43	44	40	35	28	29
Other Operating Activities	-236	-329	-353	-475	-505	-360
Change in Accounts Receivable	29	32	-24	33	-71	-1
Change in Inventory	13	15	9	-34	22	35
Change in Accounts Payable	-57	-99	-20	-84	37	-26
Change in Other Net Operating Assets	13	-1	-61	50	14	-37
Operating Cash Flow	744	627	525	361	326	389
Operating Cash Flow Growth	26.75%	19.43%	45.43%	10.74%	-16.20%	5.42%
Capital Expenditures	-29	-33	-30	-57	-64	-53
Sale of Property, Plant & Equipment	3	6	5	14	-	-
Cash Acquisitions	-5	-39	-171	-228	-55	-6
Divestitures	8	-7	-38	333	83	100
Sale (Purchase) of Intangibles	-99	-91	-96	-90	-112	-81
Investment in Securities	-5	-7	-6	-	34	525
Other Investing Activities	35	22	20	23	13	65
Investing Cash Flow	-74	-131	-301	13	-80	591
Long-Term Debt Issued	-	1,265	285	-	-	346
Long-Term Debt Repaid	-	-999	-369	-264	-255	-322
Net Debt Issued (Repaid)	-182	266	-84	-264	-255	24
Issuance of Common Stock	8	7	9	7	6	6
Repurchase of Common Stock	-233	-318	-186	-353	-16	-182
Common Dividends Paid	-159	-156	-154	-156	-149	-146
Other Financing Activities	-40	-40	-35	-38	-	-1
Financing Cash Flow	-606	-241	-450	-804	-414	-299
Foreign Exchange Rate Adjustments	-49	-21	-8	36	-8	-2
Net Cash Flow	15	234	-234	-394	-176	679
Free Cash Flow	715	594	495	304	262	336
Free Cash Flow Growth	28.83%	20.00%	62.83%	16.03%	-22.02%	7.01%
Free Cash Flow Margin	20.31%	16.72%	13.47%	7.92%	7.64%	9.89%
Free Cash Flow Per Share	1.06	0.87	0.69	0.41	0.34	0.45
Cash Interest Paid	55	65	60	57	67	63
Cash Income Tax Paid	15	119	97	109	177	-2
Levered Free Cash Flow	805.5	457.75	827.25	576.75	601.5	1,060
Unlevered Free Cash Flow	847.38	507.13	865.38	619.88	644	1,109
Change in Working Capital	-2	-53	-96	-35	2	-29

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