LON:AML Cash Flow Statement

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

Millions GBP. 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	-493.2	-323.5	-228.1	-528.6	-191.6
Depreciation & Amortization	329.4	353.7	383	94.4	76.8
Other Amortization	-	-	-	224.7	132.5
Loss (Gain) From Sale of Assets	0.1	0.1	2.6	-	-
Stock-Based Compensation	-	4.8	5.4	-	-
Other Operating Activities	208.3	203.7	65.1	350.6	105.6
Change in Accounts Receivable	1.8	106.7	-82.3	0.1	-75.4
Change in Inventory	14.8	-12.8	11.9	-78.4	7.7
Change in Accounts Payable	-13.4	-33.8	50.9	81.5	52.8
Change in Other Net Operating Assets	26.3	-175	-62.6	-17.2	70.5
Operating Cash Flow	74.1	123.9	145.9	127.1	178.9
Operating Cash Flow Growth	-40.19%	-15.08%	14.79%	-28.95%	-
Capital Expenditures	-69.6	-88.7	-91.1	-58.6	-40.7
Sale (Purchase) of Intangibles	-271.4	-311.9	-306.3	-228.3	-144
Investment in Securities	108.5	18.7	-	-	-
Other Investing Activities	4.8	7.1	13.5	2.2	1.1
Investing Cash Flow	-227.7	-374.8	-383.4	-284.7	-184.1
Long-Term Debt Issued	198.9	1,470	49.5	75.7	127.5
Long-Term Debt Repaid	-50	-1,174	-177.6	-242.7	-87.2
Net Debt Issued (Repaid)	148.9	295.6	-128.1	-167	40.3
Issuance of Common Stock	52.5	111.2	325.9	653.9	-
Other Financing Activities	-152.6	-191	-138.1	-171.9	-106.8
Financing Cash Flow	48.8	215.8	59.7	315	-66.5
Foreign Exchange Rate Adjustments	-4.9	2.3	-13.1	7	1.2
Net Cash Flow	-109.7	-32.8	-190.9	164.4	-70.5
Free Cash Flow	4.5	35.2	54.8	68.5	138.2
Free Cash Flow Growth	-87.22%	-35.77%	-20.00%	-50.43%	-
Free Cash Flow Margin	0.36%	2.22%	3.36%	4.96%	12.62%
Free Cash Flow Per Share	0.01	0.04	0.07	0.16	1.20
Cash Interest Paid	147.8	122	122.5	141.2	118
Cash Income Tax Paid	4.5	0.9	5.6	6.8	9
Levered Free Cash Flow	-197.76	-301.66	-274.34	-102.63	-92.45
Unlevered Free Cash Flow	-94.51	-202.1	-172.4	8.94	7.55
Change in Working Capital	29.5	-114.9	-82.1	-14	55.6

Source: S&P Global Market Intelligence. Standard template. Financial Sources.