LON:0KEZ Cash Flow Statement

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

Millions USD. 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	774.1	805.1	765.2	1,030	841.1
Depreciation & Amortization	652.8	525.6	517.7	456.8	417.5
Stock-Based Compensation	45.2	48.8	40	35.2	35.5
Other Adjustments	140.1	22.3	-1	57.9	87.4
Change in Receivables	-10.3	-110.7	-1.4	39.3	-227.2
Changes in Inventories	4.4	-111.8	-35.8	-75.2	-105.5
Changes in Accounts Payable	-42.5	18.3	11.4	-18.1	12.2
Changes in Accrued Expenses	-71.2	104.2	-8.2	8.3	37.9
Changes in Income Taxes Payable	-18	-5.9	31.4	-28.4	-2.1
Changes in Other Operating Activities	82.9	-104.7	-4.2	-11	-2.7
Operating Cash Flow	1,558	1,191	1,315	1,495	1,094
Operating Cash Flow Growth	30.75%	-9.42%	-12.03%	36.64%	5.93%
Capital Expenditures	-828.9	-669.7	-469.7	-824.2	-605.1
Sale of Property, Plant & Equipment	33.4	1.3	1.6	2.2	7.9
Purchases of Intangible Assets	-2.4	-1.9	-2.6	-6.2	-1.8
Purchases of Investments	-113.5	-114.3	-507.2	-126.1	-127.4
Proceeds from Sale of Investments	142.8	506.8	102.8	118.7	126.9
Payments for Business Acquisitions	-1,804	-	-	-	-194.9
Other Investing Activities	-	-	-	1.9	-
Investing Cash Flow	-2,573	-277.8	-875.1	-833.7	-794.4
Long-Term Debt Issued	1,494	-	397.1	-	690.2
Long-Term Debt Repaid	-2.2	-401.9	-1.9	-1.7	-757.7
Net Long-Term Debt Issued (Repaid)	1,492	-401.9	395.2	-1.7	-67.5
Repurchase of Common Stock	-176.6	-25.7	-57.2	-538	-205.9
Net Common Stock Issued (Repurchased)	-176.6	-25.7	-57.2	-538	-205.9
Common Dividends Paid	-449.6	-448.8	-448.9	-420.3	-379.8
Other Financing Activities	-6.3	-	-1.1	-	-2.4
Financing Cash Flow	859.4	-876.4	-112	-960	-655.6
Net Cash Flow	-156	37	328	-298.7	-355.9
Free Cash Flow	728.6	521.5	845.4	670.8	489
Free Cash Flow Growth	39.71%	-38.31%	26.03%	37.18%	-20.05%
FCF Margin	8.11%	6.22%	10.84%	7.91%	6.33%
Free Cash Flow Per Share	8.13	5.83	9.45	7.24	5.17
Levered Free Cash Flow	2,046	159.2	1,203	536.3	525.8
Unlevered Free Cash Flow	613.25	589.01	853.83	580.18	693.97

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.