Bunzl 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	459.2	500.4	526.2	474.4	442.8
Depreciation & Amortization	391.7	372.2	333.4	309.1	269.3
Other Amortization	13	11.9	9.4	8.8	8.4
Loss (Gain) From Sale of Assets	-11.9	20.3	-	-0.9	-
Loss (Gain) From Sale of Investments	-25.9	4.1	-21.8	79.2	33.1
Stock-Based Compensation	3.5	17.2	15.4	14.1	12.7
Other Operating Activities	113.9	81.9	69.8	12.4	-35.3
Change in Accounts Receivable	-72	0.7	-9.9	-13	-10.7
Change in Inventory	48.4	-94.3	108.1	-118.7	-32.9
Change in Accounts Payable	-6.9	-3.5	-126.6	186.2	45.7
Operating Cash Flow	913	910.9	904	951.6	733.1
Operating Cash Flow Growth	0.23%	0.76%	-5.00%	29.80%	-7.23%
Capital Expenditures	-55.6	-40.3	-42.8	-34.7	-24.8
Sale of Property, Plant & Equipment	2.7	17.2	2.1	1	2.7
Cash Acquisitions	-118.5	-636.2	-337.7	-243.6	-436.7
Divestitures	17	2.9	-	49.9	-
Sale (Purchase) of Intangibles	-15.9	-14.1	-15.5	-12	-7.9
Other Investing Activities	50.9	61.4	54.4	16.2	8.7
Investing Cash Flow	-119.4	-609.1	-339.5	-223.2	-458
Long-Term Debt Issued	495.4	561.7	-	346.4	14.5
Long-Term Debt Repaid	-751.3	-311.1	-318.9	-284.9	-273.5
Net Debt Issued (Repaid)	-255.9	250.6	-318.9	61.5	-259
Issuance of Common Stock	6.3	60.7	52.7	42.1	53.7
Repurchase of Common Stock	-251.1	-322.9	-76.4	-74	-34.2
Common Dividends Paid	-242.2	-228.6	-209.7	-190.5	-180.4
Other Financing Activities	-159	-140.9	-114.6	-170.1	-38.8
Financing Cash Flow	-901.9	-381.1	-666.9	-331	-458.7
Foreign Exchange Rate Adjustments	-9.2	-27.6	-23.8	55.4	-20.8
Net Cash Flow	-117.5	-106.9	-126.2	452.8	-204.4
Free Cash Flow	857.4	870.6	861.2	916.9	708.3
Free Cash Flow Growth	-1.52%	1.09%	-6.08%	29.45%	-7.51%
Free Cash Flow Margin	7.24%	7.39%	7.30%	7.62%	6.89%
Free Cash Flow Per Share	2.63	2.59	2.55	2.72	2.11
Cash Interest Paid	167.9	165.1	136.2	83.9	63.8
Cash Income Tax Paid	179.7	180.5	188.6	173.6	181.4
Levered Free Cash Flow	622.76	714.43	658.74	650.61	566.29
Unlevered Free Cash Flow	733.33	821.18	745.93	699.24	605.54
Change in Working Capital	-30.5	-97.1	-28.4	54.5	2.1

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