LON:0Y9S Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 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	1,010	845.7	840.3	796.9	815.6	846.6
Depreciation & Amortization	69.3	58.6	33.4	24.3	22.2	20.5
Other Amortization	31.3	25	14	11.9	8.5	6.6
Loss (Gain) From Sale of Investments	-11.3	-6.4	9.8	18.5	19.6	4.9
Stock-Based Compensation	179	149.7	145.3	131.4	120.3	112.5
Other Operating Activities	-20.9	-11.8	-9.4	-0.3	1.5	15.7
Change in Accounts Receivable	-43	-65.9	-9.9	-46.1	-51.6	-45
Change in Accounts Payable	-13.3	5.4	17.9	19.8	-7.7	1.6
Change in Unearned Revenue	138.4	79.5	21.8	170.3	216.8	95.2
Change in Income Taxes	-164.6	-12	-0.9	-54.6	66.4	46.1
Change in Other Net Operating Assets	-13.3	-15.4	-24.4	26.4	-7.7	56.3
Operating Cash Flow	1,162	1,052	1,038	1,099	1,204	1,161
Operating Cash Flow Growth	11.17%	1.40%	-5.52%	-8.76%	3.69%	5.13%
Capital Expenditures	-25.9	-24.2	-18.6	-22.1	-15.9	-19.3
Cash Acquisitions	-83.7	-185.8	-458.8	-48.3	-219.7	-23.1
Investment in Securities	157.6	186	946.1	64	160.3	-55.8
Investing Cash Flow	-111.9	-24	468.7	-6.4	-75.3	-98.2
Issuance of Common Stock	347.5	258.6	133.7	141.2	194	216.8
Repurchase of Common Stock	-1,321	-1,319	-1,299	-1,309	-1,306	-1,303
Financing Cash Flow	-973.5	-1,060	-1,165	-1,168	-1,112	-1,086
Net Cash Flow	76.1	-31.5	341.7	-75.9	16.2	-23.5
Free Cash Flow	1,136	1,028	1,019	1,076	1,188	1,142
Free Cash Flow Growth	11.07%	0.87%	-5.30%	-9.39%	4.06%	5.87%
Free Cash Flow Margin	42.31%	40.09%	42.21%	46.20%	54.83%	55.29%
Free Cash Flow Per Share	10.26	9.07	8.61	8.52	8.86	8.04
Cash Income Tax Paid	122.5	122.5	118.7	113.5	101	90.8
Levered Free Cash Flow	702.49	689.68	769.3	774.16	814.41	794.55
Unlevered Free Cash Flow	703.61	690.8	770.74	775.29	817.29	795.93
Change in Working Capital	-95.8	-8.4	4.5	115.8	216.2	154.2

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.