Greggs 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 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Net Income	122.2	153.4	142.5	120.3	117.5
Depreciation & Amortization	160.6	140	125	115.5	107.4
Stock-Based Compensation	1.5	4.5	4.6	3.6	2.2
Other Adjustments	71.7	56.4	61.3	37.3	32.6
Change in Receivables	-7.4	-8.1	-3.6	-12.4	1.8
Changes in Inventories	-0.4	-6.4	-8.2	-12.7	-5.4
Changes in Accounts Payable	31.6	24.9	18	30.8	58.9
Changes in Income Taxes Payable	-31.5	-27.7	-11.9	-13.3	-19.2
Changes in Other Operating Activities	-11.3	-18.4	-10.8	-16.2	-10.3
Operating Cash Flow	337	318.6	310.8	251.5	285.5
Operating Cash Flow Growth	5.78%	2.51%	23.58%	-11.91%	554.82%
Capital Expenditures	-263.3	-230	-189.5	-100	-50.5
Sale of Property, Plant & Equipment	0.9	16.1	0.8	2.5	0.3
Purchases of Intangible Assets	-22.1	-10.9	-8.6	-3.3	-3.8
Investing Cash Flow	-284.5	-224.8	-191.2	-99.4	-54
Long-Term Debt Issued	40	-	-	-	-
Long-Term Debt Repaid	-15	-	-	-	-
Net Long-Term Debt Issued (Repaid)	25	-	-	-	-
Issuance of Common Stock	1.6	4.7	3.6	3.1	4.6
Repurchase of Common Stock	-	-5	-5	-11	-10
Net Common Stock Issued (Repurchased)	1.6	-0.3	-1.4	-7.9	-5.4
Common Dividends Paid	-70.3	-106.8	-60.8	-98.5	-15.3
Other Financing Activities	-63.3	-56.7	-53.7	-52.7	-49
Financing Cash Flow	-107	-163.8	-115.9	-159.1	-69.7
Net Cash Flow	-54.5	-70	3.7	-7	161.8
Free Cash Flow	73.7	88.6	121.3	151.5	235
Free Cash Flow Growth	-16.82%	-26.96%	-19.93%	-35.53%	-
FCF Margin	3.43%	4.40%	6.70%	10.01%	19.11%
Free Cash Flow Per Share	0.72	0.86	1.19	1.48	2.29
Levered Free Cash Flow	32.9	35.8	65.1	124.4	198.4
Unlevered Free Cash Flow	19.8	39.94	68.13	129.35	204.53