Balfour Beatty 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	263	178	197	288	140
Depreciation & Amortization	111	101	97	94	88
Other Amortization	12	28	17	17	21
Loss (Gain) From Sale of Assets	-26	-2	-2	-4	-4
Loss (Gain) From Sale of Investments	-32	-43	-24	-	-26
Loss (Gain) on Equity Investments	-64	-59	-53	-105	-57
Stock-Based Compensation	16	10	15	9	7
Other Operating Activities	-32	-47	-25	-77	-85
Change in Accounts Receivable	-236	-151	-77	-44	40
Change in Inventory	2	-34	-11	-6	11
Change in Accounts Payable	264	-6	177	57	43
Change in Unearned Revenue	395	91	-44	-59	147
Change in Other Net Operating Assets	-17	199	18	-2	28
Operating Cash Flow	656	265	285	168	353
Operating Cash Flow Growth	147.55%	-7.02%	69.64%	-52.41%	28.83%
Capital Expenditures	-49	-28	-66	-31	-35
Sale of Property, Plant & Equipment	5	5	4	8	10
Cash Acquisitions	-	-	-	-3	-3
Divestitures	24	-	-	-	16
Sale (Purchase) of Intangibles	-79	-56	-30	-1	-2
Sale (Purchase) of Real Estate	12	-36	-42	-	-
Investment in Securities	92	31	60	4	52
Other Investing Activities	122	130	107	169	78
Investing Cash Flow	127	46	33	146	116
Long-Term Debt Issued	22	75	364	138	8
Long-Term Debt Repaid	-98	-108	-262	-59	-59
Net Debt Issued (Repaid)	-76	-33	102	79	-51
Repurchase of Common Stock	-157	-113	-169	-176	-151
Common Dividends Paid	-64	-61	-58	-58	-29
Dividends Paid	-64	-61	-58	-58	-29
Other Financing Activities	-37	-44	-33	-34	-35
Financing Cash Flow	-334	-251	-158	-189	-266
Foreign Exchange Rate Adjustments	-30	3	-29	55	4
Net Cash Flow	419	63	131	180	207
Free Cash Flow	607	237	219	137	318
Free Cash Flow Growth	156.12%	8.22%	59.85%	-56.92%	31.95%
Free Cash Flow Margin	6.40%	2.88%	2.74%	1.80%	4.43%
Free Cash Flow Per Share	1.20	0.45	0.39	0.22	0.48
Cash Interest Paid	36	43	41	33	34
Cash Income Tax Paid	39	12	8	17	1
Levered Free Cash Flow	493	147.63	162.88	223.25	290.88
Unlevered Free Cash Flow	518	170.75	187.25	247	319
Change in Working Capital	408	99	63	-54	269

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