National CineMedia Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 25, 2025	Dec '24 Dec 26, 2024	Dec '23 Dec 28, 2023	Dec '22 Dec 29, 2022	Dec '21 Dec 30, 2021	Dec '20 Dec 31, 2020
Net Income	-15.2	-22.3	705.2	-28.7	-48.7	-65.4
Depreciation & Amortization	37	40	23.7	27.7	28.6	29.2
Other Amortization	2.9	3.2	5.2	12.7	10.9	10.6
Loss (Gain) From Sale of Assets	-	-	-	-2.2	-	-
Asset Writedown & Restructuring Costs	-	-	-	5.8	0.2	2.1
Loss (Gain) From Sale of Investments	-	-	-593.2	-	-	-
Loss (Gain) on Equity Investments	0.5	-	-	-	-	-
Stock-Based Compensation	10.3	12.2	4.5	7.1	8.1	2.2
Provision & Write-off of Bad Debts	-	-	-	1	-	-
Other Operating Activities	-2.8	5.3	-163.1	-38.7	-75.5	-53.8
Change in Accounts Receivable	3.3	10.6	36.3	-40	-36.8	158
Change in Accounts Payable	-0.2	-0.1	-2.7	14.2	2.3	-18.5
Change in Unearned Revenue	-5.5	13.2	-5.4	-4.8	7.5	-2.5
Change in Other Net Operating Assets	0.3	-1.8	-17.2	-1.4	8.2	-6.6
Operating Cash Flow	30.6	60.3	-6.7	-47.3	-95.2	55.3
Operating Cash Flow Growth	-32.60%	-	-	-	-	-61.49%
Capital Expenditures	-5.8	-5.8	-3.3	-2.9	-5.7	-8
Sale of Property, Plant & Equipment	-	-	0.3	2.2	-	-
Cash Acquisitions	-	-	34	-	-	-
Sale (Purchase) of Intangibles	-0.4	-	-	-	-	-
Investment in Securities	-2.4	0.1	1.6	0.3	0.3	23.6
Investing Cash Flow	-8.6	-5.7	32.6	-0.4	-5.4	15.6
Long-Term Debt Issued	-	-	-	50	50	210
Long-Term Debt Repaid	-	-	-0.8	-23	-2.3	-85.4
Net Debt Issued (Repaid)	-10	-	-0.8	27	47.7	124.6
Repurchase of Common Stock	-21.3	-13.8	-	-0.2	-2	-1
Common Dividends Paid	-8.5	-0.3	-0.5	-9.5	-16.9	-32
Other Financing Activities	-1.7	-	-50.8	-7	-7.3	-38.1
Financing Cash Flow	-41.5	-14.1	-52.1	10.3	21.5	53.5
Net Cash Flow	-19.5	40.5	-26.2	-37.4	-79.1	124.4
Free Cash Flow	24.8	54.5	-10	-50.2	-100.9	47.3
Free Cash Flow Growth	-38.61%	-	-	-	-	-63.50%
Free Cash Flow Margin	10.50%	22.63%	-6.05%	-20.14%	-88.05%	52.32%
Free Cash Flow Per Share	0.26	0.57	-0.21	-6.12	-12.63	6.07
Cash Interest Paid	0.9	0.9	12.5	66.5	58.6	54.6
Cash Income Tax Paid	-	0.1	-	0.1	-0.1	0.5
Levered Free Cash Flow	41.79	57.75	-34	-26.73	-60.05	54.21
Unlevered Free Cash Flow	41.79	58.01	-19.96	14.19	-23.65	86.59
Change in Working Capital	-2.1	21.9	11	-32	-18.8	130.4

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