Ryanair Holdings Cash Flow Statement

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

Millions EUR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2017 - 2021
Period Ending	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2017 - 2021
Net Income	2,072	1,612	1,917	1,314	-240.8	-1,015	Upgrade
Depreciation & Amortization	1,245	1,214	1,060	923.2	719.4	571	Upgrade
Stock-Based Compensation	14.8	12.8	-3.9	16.2	8.6	3.6	Upgrade
Other Operating Activities	226.7	95.1	154.7	269.3	-326	-300.6	Upgrade
Change in Accounts Receivable	3.6	2.9	-16.7	-16.2	-24.9	48.9	Upgrade
Change in Inventory	0.8	1.6	-0.2	-1.7	-0.7	-0.3	Upgrade
Change in Accounts Payable	39.3	124.8	-46.4	31.2	284.6	-407.6	Upgrade
Change in Other Net Operating Assets	146	352.5	93.8	1,355	1,520	-1,348	Upgrade
Operating Cash Flow	3,747	3,416	3,158	3,891	1,941	-2,448	Upgrade
Operating Cash Flow Growth	23.55%	8.16%	-18.84%	100.52%	-	-	Upgrade
Capital Expenditures	-1,674	-1,553	-2,392	-1,915	-1,182	-294.7	Upgrade
Sale of Property, Plant & Equipment	-	-	-	4.9	110.5	112.1	Upgrade
Investment in Securities	-208.8	137.7	818.4	-122.1	-468.6	741.7	Upgrade
Other Investing Activities	-16.7	-16.7	13.1	130.7	125.3	377.9	Upgrade
Investing Cash Flow	-1,899	-1,432	-1,560	-1,901	-1,414	937	Upgrade
Long-Term Debt Issued	-	-	-	-	1,192	2,229	Upgrade
Long-Term Debt Repaid	-	-86.4	-1,143	-1,086	-1,775	-1,027	Upgrade
Net Debt Issued (Repaid)	-421.7	-86.4	-1,143	-1,086	-583.3	1,202	Upgrade
Issuance of Common Stock	5.9	4.9	16.4	31.7	46.8	421	Upgrade
Repurchase of Common Stock	-1,288	-1,478	-	-	-	-	Upgrade
Common Dividends Paid	-437.7	-437.7	-199.5	-	-	-	Upgrade
Financing Cash Flow	-2,142	-1,997	-1,326	-1,054	-536.5	1,623	Upgrade
Foreign Exchange Rate Adjustments	-48.1	0.7	4.9	-5.5	28.7	-27.2	Upgrade
Net Cash Flow	-341.8	-12.1	276.1	930.3	18.3	84.3	Upgrade
Free Cash Flow	2,073	1,863	766	1,976	758.9	-2,743	Upgrade
Free Cash Flow Growth	72.34%	143.24%	-61.24%	160.42%	-	-	Upgrade
Free Cash Flow Margin	14.14%	13.36%	5.70%	18.34%	15.81%	-167.67%	Upgrade
Free Cash Flow Per Share	1.90	1.68	0.67	1.73	0.67	-2.47	Upgrade
Cash Interest Paid	67.5	69.7	88.7	75	86.6	59.2	Upgrade
Cash Income Tax Paid	70.4	84.9	49.1	4.1	-9.5	-87.1	Upgrade
Levered Free Cash Flow	1,575	1,230	-568.74	2,699	115.93	-3,213	Upgrade
Unlevered Free Cash Flow	1,617	1,272	-516.86	2,747	173.05	-3,169	Upgrade
Change in Net Working Capital	-715.4	-623.1	468.5	-2,821	-838.9	2,924	Upgrade

Updated Jan 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.