Ryanair Holdings Cash Flow Statement

Financials in millions EUR. Fiscal year is April - March.

Millions EUR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	2,174	1,612	1,917	1,314	-240.8
Depreciation & Amortization	1,373	1,214	1,060	923.2	719.4
Stock-Based Compensation	15	12.8	-3.9	16.2	8.6
Other Operating Activities	2.8	95.1	154.7	269.3	-326
Change in Accounts Receivable	29.3	2.9	-16.7	-16.2	-24.9
Change in Inventory	-0.2	1.6	-0.2	-1.7	-0.7
Change in Accounts Payable	-9.2	124.8	-46.4	31.2	284.6
Change in Other Net Operating Assets	110.1	352.5	93.8	1,355	1,520
Operating Cash Flow	3,695	3,416	3,158	3,891	1,941
Operating Cash Flow Growth	8.17%	8.16%	-18.84%	100.52%	-
Capital Expenditures	-1,892	-1,553	-2,392	-1,915	-1,182
Sale of Property, Plant & Equipment	-	-	-	4.9	110.5
Investment in Securities	-712.3	137.7	818.4	-122.1	-468.6
Other Investing Activities	-8.1	-16.7	13.1	130.7	125.3
Investing Cash Flow	-2,613	-1,432	-1,560	-1,901	-1,414
Long-Term Debt Issued	-	-	-	-	1,192
Long-Term Debt Repaid	-1,224	-86.4	-1,143	-1,086	-1,775
Net Debt Issued (Repaid)	-1,224	-86.4	-1,143	-1,086	-583.3
Issuance of Common Stock	3.2	4.9	16.4	31.7	46.8
Repurchase of Common Stock	-536.5	-1,478	-	-	-
Common Dividends Paid	-443.3	-437.7	-199.5	-	-
Financing Cash Flow	-2,201	-1,997	-1,326	-1,054	-536.5
Foreign Exchange Rate Adjustments	-11.3	0.7	4.9	-5.5	28.7
Net Cash Flow	-1,130	-12.1	276.1	930.3	18.3
Free Cash Flow	1,803	1,863	766	1,976	758.9
Free Cash Flow Growth	-3.26%	143.24%	-61.24%	160.42%	-
Free Cash Flow Margin	11.60%	13.36%	5.70%	18.34%	15.81%
Free Cash Flow Per Share	1.69	1.68	0.67	1.73	0.67
Cash Interest Paid	51	69.7	88.7	75	86.6
Cash Income Tax Paid	251.5	84.9	49.1	4.1	-9.5
Levered Free Cash Flow	-1,052	1,230	-568.74	2,699	115.93
Unlevered Free Cash Flow	-1,052	1,272	-516.86	2,747	173.05
Change in Working Capital	130	481.8	30.5	1,369	1,779

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