Marks and Spencer Group Cash Flow Statement

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 27, 2025	Mar '25 Mar 29, 2025	Mar '24 Mar 30, 2024	Apr '23 Apr 1, 2023	Apr '22 Apr 2, 2022	Apr '21 Apr 3, 2021
Net Income	19.8	295.7	431.2	363.4	306.6	-198
Depreciation & Amortization	470.7	408.4	447.8	492	458.9	465.4
Other Amortization	63.8	63.8	54	86.4	93	131.4
Loss (Gain) From Sale of Assets	70.4	70.4	24.5	-55.2	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-41.2	6.3
Loss (Gain) on Equity Investments	11.2	28.2	37.6	29.5	-13.9	-78.4
Stock-Based Compensation	41.7	52.4	48.3	38	38.8	19.3
Other Operating Activities	514.9	432.7	181.1	85.9	296.1	256.8
Change in Accounts Receivable	-78.3	-33.7	-17.5	-33.7	-2.9	67.4
Change in Inventory	-120.6	-73.3	-31.3	-58.5	-46.5	41.2
Change in Accounts Payable	89.3	68.4	126	82.1	289.1	159.5
Operating Cash Flow	1,083	1,313	1,302	1,030	1,378	870.9
Operating Cash Flow Growth	-10.89%	0.87%	26.39%	-25.26%	58.23%	-8.69%
Capital Expenditures	-409.1	-408.4	-359.5	-325.8	-192.8	-158.9
Sale of Property, Plant & Equipment	58.3	48.3	6.1	1.1	43.9	2.9
Cash Acquisitions	68.2	-	-	-102.8	-4.5	-
Sale (Purchase) of Intangibles	-64.6	-98.5	-69.8	-84.5	-64.6	-47.8
Investment in Securities	39.5	-289.1	-1.9	1.3	-35.1	2
Other Investing Activities	50.9	51.6	-10.2	-5.9	7.4	9.2
Investing Cash Flow	-256.8	-696.1	-435.3	-516.6	-245.7	-192.6
Long-Term Debt Issued	-	-	-	-	-	300
Long-Term Debt Repaid	-	-446.4	-639.1	-421.7	-379.6	-320.7
Net Debt Issued (Repaid)	-371.2	-446.4	-639.1	-421.7	-379.6	-20.7
Issuance of Common Stock	10.4	15.8	57	-	0.3	-
Repurchase of Common Stock	-63.8	-81.3	-83.1	-0.1	-	-0.8
Common Dividends Paid	-72.7	-60.5	-19.6	-	-	-
Other Financing Activities	-177.4	-201.2	-225	-222	-216.6	-222.5
Financing Cash Flow	-674.7	-773.6	-909.8	-643.8	-595.9	-244
Foreign Exchange Rate Adjustments	-1.4	-1.2	-2.1	0.5	-8.2	-3.3
Net Cash Flow	150	-157.9	-45.5	-130	528.2	431
Free Cash Flow	673.8	904.6	942.2	704.1	1,185	712
Free Cash Flow Growth	-20.93%	-3.99%	33.82%	-40.59%	66.46%	1.31%
Free Cash Flow Margin	4.41%	6.55%	7.22%	5.90%	10.89%	7.78%
Free Cash Flow Per Share	0.32	0.43	0.45	0.35	0.58	0.36
Cash Interest Paid	174.3	158.1	185	212.5	216.6	219.3
Cash Income Tax Paid	128.4	208.3	191.2	70.6	7.7	5.8
Levered Free Cash Flow	450.81	407.34	560.48	549.49	841.46	685.23
Unlevered Free Cash Flow	558.88	505.59	662.48	666.11	969.84	823.41
Change in Working Capital	-109.6	-38.6	77.2	-10.1	239.7	268.1

Updated Sep 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.