International Consolidated Airlines Group S.A. (LON:IAG)
London · Delayed Price · Currency is GBP · Price in GBX 419.40
-3.00 (-0.71%)
Sep 2, 2026, 4:49 PM GMT
LON:IAG Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 3,074 | 3,342 | 2,732 | 2,655 | 431 | -2,933 |
Depreciation & Amortization | 2,428 | 2,319 | 2,132 | 1,878 | 1,897 | 1,749 |
Other Amortization | 309 | 309 | 225 | 185 | 210 | 167 |
Loss (Gain) From Sale of Assets | 19 | 19 | -14 | -2 | -22 | - |
Asset Writedown & Restructuring Costs | - | - | 7 | - | -8 | -145 |
Other Operating Activities | 1,020 | 49 | 1,372 | 28 | 462 | -116 |
Change in Accounts Receivable | 114 | 309 | -189 | -272 | -660 | -351 |
Change in Inventory | -40 | -93 | -115 | -140 | -21 | - |
Change in Accounts Payable | -116 | -273 | 121 | 258 | 886 | 1,985 |
Change in Unearned Revenue | 564 | 566 | 336 | 212 | 1,236 | - |
Change in Other Net Operating Assets | -375 | 41 | -235 | -200 | 443 | - |
Operating Cash Flow | 6,997 | 6,588 | 6,372 | 4,602 | 4,854 | -141 |
Operating Cash Flow Growth | 25.44% | 3.39% | 38.46% | -5.19% | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -3,043 | -3,442 | -2,816 | -3,282 | -3,875 | -744 |
Sale of Property, Plant & Equipment | 16 | 26 | 584 | 1,080 | 837 | 544 |
Investment in Securities | 1,189 | 713 | -215 | -974 | -351 | 91 |
Other Investing Activities | -61 | -66 | -55 | 15 | 26 | -72 |
Investing Cash Flow | -1,899 | -2,769 | -2,502 | -3,161 | -3,463 | -181 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 1,160 | 1,474 | 1,001 | 1,436 | 4,817 |
Long-Term Debt Repaid | - | -3,666 | -2,147 | -5,999 | -2,505 | -2,265 |
Net Debt Issued (Repaid) | -2,041 | -2,506 | -673 | -4,998 | -1,069 | 2,552 |
Repurchase of Common Stock | -1,139 | -1,243 | -202 | -77 | -23 | -24 |
Common Dividends Paid | -452 | -470 | -147 | - | - | - |
Other Financing Activities | -316 | -194 | -153 | -119 | 1,036 | -293 |
Financing Cash Flow | -3,948 | -4,413 | -1,175 | -5,194 | -56 | 2,235 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -126 | -174 | 53 | -2 | -31 | 205 |
Net Cash Flow | 1,024 | -768 | 2,748 | -3,755 | 1,304 | 2,118 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 3,954 | 3,146 | 3,556 | 1,320 | 979 | -885 |
Free Cash Flow Growth | 59.24% | -11.53% | 169.39% | 34.83% | - | - |
Free Cash Flow Margin | 11.85% | 9.47% | 11.08% | 4.48% | 4.24% | -10.47% |
Free Cash Flow Per Share | 0.81 | 0.63 | 0.68 | 0.25 | 0.18 | -0.18 |
Levered Free Cash Flow | 1,089 | 2,207 | 1,797 | 862.88 | 560.13 | -356 |
Unlevered Free Cash Flow | 1,556 | 2,718 | 2,361 | 1,547 | 1,172 | 124 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 583 | 666 | 764 | 1,005 | 817 | 640 |
Cash Income Tax Paid | 448 | 488 | 245 | 291 | 134 | -63 |
Change in Working Capital | 147 | 550 | -82 | -142 | 1,884 | 1,634 |