LON:IAG Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 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	2016 - 2020
Net Income	3,128	2,732	2,655	431	-2,933	-6,935	Upgrade
Depreciation & Amortization	2,249	2,132	1,878	1,897	1,749	1,927	Upgrade
Other Amortization	225	225	185	210	167	151	Upgrade
Loss (Gain) From Sale of Assets	-16	-14	-2	-22	-	-	Upgrade
Asset Writedown & Restructuring Costs	7	7	-	-8	-145	494	Upgrade
Other Operating Activities	494	1,372	28	462	-116	-799	Upgrade
Change in Accounts Receivable	80	-189	-272	-660	-351	2,281	Upgrade
Change in Inventory	-48	-115	-140	-21	-	-	Upgrade
Change in Accounts Payable	70	121	258	886	1,985	-1,120	Upgrade
Change in Unearned Revenue	-302	336	212	1,236	-	-	Upgrade
Change in Other Net Operating Assets	-309	-235	-200	443	-	-	Upgrade
Operating Cash Flow	5,578	6,372	4,602	4,854	-141	-3,432	Upgrade
Operating Cash Flow Growth	7.50%	38.46%	-5.19%	-	-	-	Upgrade
Capital Expenditures	-3,095	-2,816	-3,282	-3,875	-744	-1,939	Upgrade
Sale of Property, Plant & Equipment	175	584	1,080	837	544	1,133	Upgrade
Investment in Securities	353	-215	-974	-351	91	2,366	Upgrade
Other Investing Activities	-66	-55	15	26	-72	2	Upgrade
Investing Cash Flow	-2,633	-2,502	-3,161	-3,463	-181	1,562	Upgrade
Long-Term Debt Issued	-	1,474	1,001	1,436	4,817	3,567	Upgrade
Long-Term Debt Repaid	-	-2,147	-5,999	-2,505	-2,265	-2,514	Upgrade
Net Debt Issued (Repaid)	-1,445	-673	-4,998	-1,069	2,552	1,053	Upgrade
Issuance of Common Stock	-	-	-	-	-	2,674	Upgrade
Repurchase of Common Stock	-973	-202	-77	-23	-24	-	Upgrade
Common Dividends Paid	-374	-147	-	-	-	-	Upgrade
Other Financing Activities	-131	-153	-119	1,036	-293	83	Upgrade
Financing Cash Flow	-2,923	-1,175	-5,194	-56	2,235	3,810	Upgrade
Foreign Exchange Rate Adjustments	-14	53	-2	-31	205	-228	Upgrade
Net Cash Flow	8	2,748	-3,755	1,304	2,118	1,712	Upgrade
Free Cash Flow	2,483	3,556	1,320	979	-885	-5,371	Upgrade
Free Cash Flow Growth	39.49%	169.39%	34.83%	-	-	-	Upgrade
Free Cash Flow Margin	7.46%	11.08%	4.48%	4.24%	-10.47%	-68.81%	Upgrade
Free Cash Flow Per Share	0.48	0.68	0.25	0.18	-0.18	-1.52	Upgrade
Cash Interest Paid	716	764	1,005	817	640	548	Upgrade
Cash Income Tax Paid	356	245	291	134	-63	-45	Upgrade
Levered Free Cash Flow	2,486	1,797	862.88	560.13	-356	-1,858	Upgrade
Unlevered Free Cash Flow	3,022	2,361	1,547	1,172	124	-1,460	Upgrade
Change in Working Capital	-509	-82	-142	1,884	1,634	1,161	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.