LON:0A76 Cash Flow Statement

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	3,088	3,068	-14,367	6,666	6,801	6,400
Depreciation & Amortization	2,086	2,114	729	943	901	961
Other Amortization	120	120	120	142	129	129
Asset Writedown & Restructuring Costs	467	867	27,765	220	46	360
Loss (Gain) on Equity Investments	-1,727	-1,900	-585	-442	-415	-
Other Operating Activities	275	80	-2,479	2,762	2,317	1,827
Change in Accounts Receivable	-2	-269	-487	-42	-393	300
Change in Inventory	-55	35	265	-246	433	-144
Change in Accounts Payable	-828	58	640	3	183	-320
Change in Other Net Operating Assets	5,845	5,952	-887	388	-285	273
Operating Cash Flow	9,269	10,125	10,714	10,394	9,717	9,786
Operating Cash Flow Growth	-11.76%	-5.50%	3.08%	6.97%	-0.70%	8.78%
Capital Expenditures	-473	-486	-460	-523	-527	-511
Sale of Property, Plant & Equipment	116	145	54	31	31	44
Divestitures	-	-	159	-	-98	-
Sale (Purchase) of Intangibles	-86	-83	-114	-130	-218	-244
Investment in Securities	1,209	1,612	-80	-168	-361	-120
Other Investing Activities	188	187	145	85	33	48
Investing Cash Flow	954	1,375	-296	-705	-1,140	-783
Long-Term Debt Issued	-	2,404	5,134	3,267	978	9,826
Long-Term Debt Repaid	-	-4,991	-6,931	-3,205	-4,997	-10,797
Net Debt Issued (Repaid)	-2,962	-2,587	-1,797	62	-4,019	-971
Issuance of Common Stock	-	-	-	-	1,681	-
Repurchase of Common Stock	-844	-792	-110	-2,092	-82	-18
Common Dividends Paid	-5,273	-5,269	-5,114	-4,975	-4,910	-4,745
Other Financing Activities	-2,312	-1,984	-2,293	-1,873	-1,419	-2,163
Financing Cash Flow	-11,391	-10,632	-9,314	-8,878	-8,749	-7,897
Foreign Exchange Rate Adjustments	-362	-281	-292	431	-253	-253
Miscellaneous Cash Flow Adjustments	-	-	368	-368	-	-
Net Cash Flow	-1,530	587	1,180	874	-425	853
Free Cash Flow	8,796	9,639	10,254	9,871	9,190	9,275
Free Cash Flow Growth	-12.37%	-6.00%	3.88%	7.41%	-0.92%	11.32%
Free Cash Flow Margin	34.37%	37.26%	37.58%	35.69%	35.78%	35.98%
Free Cash Flow Per Share	3.98	4.33	4.60	4.35	4.00	4.04
Cash Interest Paid	1,733	1,740	1,712	1,603	1,502	1,763
Cash Income Tax Paid	2,277	1,854	2,622	2,537	2,314	2,132
Levered Free Cash Flow	9,271	10,278	7,421	7,121	6,587	6,627
Unlevered Free Cash Flow	10,365	11,386	8,564	8,138	7,507	7,744
Change in Working Capital	4,960	5,776	-469	103	-62	109

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.