SEGRO 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	551	594	-253	-1,927	4,060
Depreciation & Amortization	17	12	6	4	5
Gain (Loss) on Sale of Assets	-1	-75	-39	-9	-53
Asset Writedown	-54	-120	647	1,970	-3,617
Income (Loss) on Equity Investments	-109	-53	76	144	-461
Change in Accounts Receivable	-47	-18	-22	-6	-33
Change in Other Net Operating Assets	14	8	27	43	24
Other Operating Activities	20	-15	-72	-39	390
Operating Cash Flow	396	330	431	213	327
Operating Cash Flow Growth	20.00%	-23.43%	102.35%	-34.86%	64.32%
Acquisition of Real Estate Assets	-478	-1,028	-871	-1,487	-1,721
Sale of Real Estate Assets	45	623	352	310	491
Net Sale / Acq. of Real Estate Assets	-433	-405	-519	-1,177	-1,230
Investment in Marketable & Equity Securities	31	25	-7	-78	-43
Other Investing Activities	-	11	-	-	-
Investing Cash Flow	-402	-369	-526	-1,255	-1,273
Long-Term Debt Issued	268	419	961	2,752	1,214
Long-Term Debt Repaid	-90	-1,001	-446	-1,423	-142
Net Debt Issued (Repaid)	178	-582	515	1,329	1,072
Issuance of Common Stock	-	889	1	-	1
Repurchase of Common Stock	-4	-5	-4	-4	-3
Common Dividends Paid	-405	-277	-185	-222	-176
Other Financing Activities	-15	1	-18	15	24
Foreign Exchange Rate Adjustments	-	-	-	1	-
Net Cash Flow	-252	-13	214	77	-28
Cash Interest Paid	172	209	199	131	100
Cash Income Tax Paid	25	17	24	95	17
Levered Free Cash Flow	208.13	101.25	315.38	134.75	346
Unlevered Free Cash Flow	286.88	199.38	419.13	317.88	437.25
Change in Working Capital	-28	-13	38	70	3

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