Rolls-Royce Holdings Cash Flow Statement

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	5,841	2,521	2,412	-1,269	120
Depreciation & Amortization	696	686	751	768	803
Other Amortization	206	201	197	184	193
Loss (Gain) From Sale of Assets	16	38	18	18	9
Asset Writedown & Restructuring Costs	-165	-342	81	52	13
Loss (Gain) From Sale of Investments	-	4	-	75	7
Loss (Gain) on Equity Investments	-56	-172	-173	25	-45
Stock-Based Compensation	104	136	66	47	28
Other Operating Activities	-1,795	180	-854	1,585	-55
Change in Accounts Receivable	1,467	1,585	1,357	1,697	-641
Change in Inventory	-685	-323	-200	-887	-169
Change in Other Net Operating Assets	-1,064	-732	-1,170	-857	-479
Operating Cash Flow	4,565	3,782	2,485	1,524	-259
Operating Cash Flow Growth	20.70%	52.19%	63.06%	-	-
Capital Expenditures	-621	-519	-429	-359	-328
Sale of Property, Plant & Equipment	2	5	10	48	61
Cash Acquisitions	-	-	-14	-	-
Divestitures	80	62	-4	1,398	99
Sale (Purchase) of Intangibles	-359	-362	-280	-229	-226
Investment in Securities	-41	-17	-9	-32	-34
Investing Cash Flow	-939	-831	-726	826	-428
Long-Term Debt Issued	177	7	2	1	2,005
Long-Term Debt Repaid	-1,159	-774	-292	-2,242	-1,339
Net Debt Issued (Repaid)	-982	-767	-290	-2,241	666
Issuance of Common Stock	40	-	-	-	-
Repurchase of Common Stock	-1,008	-	-	-	-3
Common Dividends Paid	-885	-	-	-1	-
Other Financing Activities	-136	-279	-258	-298	-751
Financing Cash Flow	-2,973	-1,047	-549	-2,540	-88
Foreign Exchange Rate Adjustments	15	-62	-84	156	-82
Net Cash Flow	668	1,842	1,126	-34	-857
Free Cash Flow	3,944	3,263	2,056	1,165	-587
Free Cash Flow Growth	20.87%	58.71%	76.48%	-	-
Free Cash Flow Margin	18.60%	17.26%	12.47%	8.62%	-5.23%
Free Cash Flow Per Share	0.47	0.39	0.24	0.14	-0.07
Cash Interest Paid	254	283	281	303	269
Cash Income Tax Paid	590	381	172	174	185
Levered Free Cash Flow	3,590	1,540	730	2,761	-2,720
Unlevered Free Cash Flow	3,782	1,741	960	2,857	-2,562
Change in Working Capital	-282	530	-13	-47	-1,289

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