LON:0QZ5 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	2,230	2,240	2,126	2,290	2,137
Depreciation & Amortization	550	542	555	569	574
Stock-Based Compensation	181	175	176	261	246
Other Adjustments	260	-323	-338	-228	26
Change in Receivables	-366	-49	-43	-238	-407
Changes in Accounts Payable	-2	-23	-23	-11	-35
Changes in Unearned Revenue	55	44	-4	-26	19
Changes in Other Operating Activities	-25	-482	-119	-49	-65
Operating Cash Flow	2,883	2,124	2,330	2,568	2,495
Operating Cash Flow Growth	35.73%	-8.84%	-9.27%	2.93%	-24.37%
Capital Expenditures	-288	-297	-317	-332	-279
Sale of Property, Plant & Equipment	70	-	-	-	-
Purchases of Investments	-17	-2	-441	-1,817	-2,293
Proceeds from Sale of Investments	-	8	574	2,382	1,378
Payments for Business Acquisitions	-	-1,615	-409	-367	-970
Proceeds from Business Divestments	-	-	-	28	-
Investing Cash Flow	-230	-1,646	-331	-106	-2,164
Short-Term Debt Issued	-	600	-	-	-
Short-Term Debt Repaid	-300	-300	-	-	-
Net Short-Term Debt Issued (Repaid)	-300	300	-	-	-
Long-Term Debt Issued	-	-	-	650	-
Long-Term Debt Repaid	-42	-73	-25	-686	-53
Net Long-Term Debt Issued (Repaid)	-42	-73	-25	-36	-53
Issuance of Common Stock	58	63	71	86	130
Repurchase of Common Stock	-1,378	-605	-1,064	-1,422	-771
Net Common Stock Issued (Repurchased)	-1,320	-542	-993	-1,336	-641
Common Dividends Paid	-610	-600	-591	-564	-509
Other Financing Activities	-	-	-	-3	-
Financing Cash Flow	-2,272	-915	-1,609	-1,939	-1,203
Effect of Exchange Rate Changes on Cash and Cash Equivalents	22	-49	33	-21	-16
Net Cash Flow	403	-486	423	502	-888
Free Cash Flow	2,595	1,827	2,013	2,236	2,216
Free Cash Flow Growth	42.04%	-9.24%	-9.97%	0.90%	-23.61%
FCF Margin	12.29%	9.26%	10.40%	11.51%	11.97%
Free Cash Flow Per Share	5.31	3.68	3.99	4.31	4.20
Levered Free Cash Flow	2,178	2,251	2,193	2,405	2,298
Unlevered Free Cash Flow	2,374	1,974	2,136	2,401	2,347

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