Sappi Cash Flow Statement

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 29, 2024	Oct '23 Oct 1, 2023	Oct '22 Oct 2, 2022	Sep '21 Sep 26, 2021
Net Income	-284	-177	33	259	536	13
Depreciation & Amortization	315	303	278	299	301	329
Loss (Gain) From Sale of Assets	17	14	-7	-183	205	-5
Asset Writedown & Restructuring Costs	108	107	-205	182	19	26
Loss (Gain) From Sale of Investments	-	-	-	-	-3	-
Stock-Based Compensation	7	7	6	6	7	8
Other Operating Activities	16	8	74	-51	87	-3
Change in Accounts Receivable	98	98	-90	370	-381	-110
Change in Inventory	24	24	-29	156	-174	-147
Change in Accounts Payable	-211	-211	148	-348	285	296
Operating Cash Flow	230	173	208	690	882	407
Operating Cash Flow Growth	25.68%	-16.83%	-69.86%	-21.77%	116.71%	56.54%
Capital Expenditures	-451	-496	-458	-382	-368	-374
Sale of Property, Plant & Equipment	1	48	49	16	2	4
Divestitures	-	-	2	-	-	-
Sale (Purchase) of Intangibles	-5	-5	-15	-26	-14	-
Investment in Securities	-	-	-2	-1	-1	-
Other Investing Activities	-	-4	-6	-2	5	-8
Investing Cash Flow	-455	-457	-430	-395	-376	-378
Long-Term Debt Issued	-	661	297	41	46	690
Long-Term Debt Repaid	-	-398	-293	-435	-89	-657
Net Debt Issued (Repaid)	146	263	4	-394	-43	33
Repurchase of Common Stock	-	-	-	-22	-	-
Common Dividends Paid	-85	-85	-84	-85	-	-
Financing Cash Flow	61	178	-80	-501	-43	33
Foreign Exchange Rate Adjustments	24	8	18	27	-49	25
Net Cash Flow	-140	-98	-284	-179	414	87
Free Cash Flow	-221	-323	-250	308	514	33
Free Cash Flow Growth	-	-	-	-40.08%	1457.58%	-
Free Cash Flow Margin	-4.13%	-5.96%	-4.58%	5.30%	7.04%	0.63%
Free Cash Flow Per Share	-0.36	-0.53	-0.42	0.51	0.85	0.06
Cash Interest Paid	80	100	69	121	96	110
Cash Income Tax Paid	42	90	50	56	23	2
Levered Free Cash Flow	-296.5	-305.25	-202.88	389.25	70.25	50.13
Unlevered Free Cash Flow	-224.63	-237.13	-140.38	451.13	135.88	117
Change in Working Capital	51	-89	29	178	-270	39

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