Inchcape 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	272	421	270	-11	117
Depreciation & Amortization	118	137	151	89	81.1
Other Amortization	-	9	11	20	15.8
Loss (Gain) From Sale of Assets	-13	-10	-16	-20	63.1
Asset Writedown & Restructuring Costs	23	-18	11	-6	27.5
Stock-Based Compensation	15	18	15	10	8.4
Other Operating Activities	-27	-152	-33	282	-34.1
Change in Accounts Receivable	39	-121	-9	-141	29.7
Change in Inventory	-76	311	-251	-396	36.3
Change in Accounts Payable	68	13	415	618	-22.3
Change in Other Net Operating Assets	-34	-28	-20	28	8.9
Operating Cash Flow	385	586	593	494	377
Operating Cash Flow Growth	-34.30%	-1.18%	20.04%	31.03%	51.28%
Capital Expenditures	-47	-76	-88	-64	-48.5
Sale of Property, Plant & Equipment	26	9	31	10	24.6
Cash Acquisitions	-35	5	-137	-395	-20.2
Divestitures	6	391	1	-17	76.2
Sale (Purchase) of Intangibles	-1	-3	-5	-4	-16.1
Investment in Securities	-	-	-1	-6	-2.6
Other Investing Activities	2	-	1	-1	-2.5
Investing Cash Flow	-47	328	-195	-475	13.2
Long-Term Debt Issued	4	-	498	-	-
Total Debt Issued	4	-	498	-	-
Long-Term Debt Repaid	-107	-565	-997	-67	-72
Total Debt Repaid	-107	-565	-997	-67	-72
Net Debt Issued (Repaid)	-103	-565	-499	-67	-72
Repurchase of Common Stock	-260	-161	-19	-74	-86.7
Common Dividends Paid	-101	-147	-128	-89	-52.2
Other Financing Activities	-6	-17	-288	596	-1.8
Financing Cash Flow	-470	-890	-934	366	-212.7
Foreign Exchange Rate Adjustments	27	-98	-74	76	-65
Net Cash Flow	-105	-74	-610	461	112.5
Free Cash Flow	338	510	505	430	328.5
Free Cash Flow Growth	-33.73%	0.99%	17.44%	30.90%	48.11%
Free Cash Flow Margin	3.71%	5.51%	5.38%	5.29%	4.76%
Free Cash Flow Per Share	0.89	1.24	1.21	1.02	0.83
Cash Interest Paid	191	215	197	47	40.6
Cash Income Tax Paid	145	134	156	95	63.8
Levered Free Cash Flow	2,024	741.75	-164.38	-685.53	393.41
Unlevered Free Cash Flow	2,136	864.88	-45	-650.53	417.1
Change in Working Capital	-3	175	135	109	52.6

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