M&G plc (LON:MNG)

M&G plc Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	302	-360	297	-2,068	83
Depreciation & Amortization	169	190	176	176	148
Change in Insurance Reserves / Liabilities	5,544	-1,300	838	-21,958	-9,846
Change in Other Net Operating Assets	-4,482	1,963	385	24,281	10,933
Other Operating Activities	-580	184	23	-935	-16
Operating Cash Flow	953	677	1,719	-504	1,302
Operating Cash Flow Growth	40.77%	-60.62%	-	-	-49.46%
Capital Expenditures	-175	-289	-496	-573	-770
Sale of Property, Plant & Equipment	9	21	1	1	41
Cash Acquisitions	-102	-31	-213	-225	13
Investing Cash Flow	-152	152	-603	-368	-466
Total Debt Repaid	-32	-478	-25	-30	-23
Net Debt Issued (Repaid)	-32	-478	-25	-30	-23
Issuance of Common Stock	9	5	9	-	-
Repurchases of Common Stock	-	-	-	-503	-
Common Dividends Paid	-482	-468	-462	-465	-466
Other Financing Activities	-192	-201	-202	-204	-192
Financing Cash Flow	-697	-1,142	-680	-1,202	-681
Foreign Exchange Rate Adjustments	-38	3	-27	50	-23
Net Cash Flow	66	-310	409	-2,024	132
Free Cash Flow	778	388	1,223	-1,077	532
Free Cash Flow Growth	100.52%	-68.27%	-	-	-69.69%
Free Cash Flow Margin	10.59%	7.11%	19.48%	-61.79%	3.20%
Free Cash Flow Per Share	0.32	0.16	0.51	-0.43	0.21
Cash Interest Paid	448	547	393	278	330
Cash Income Tax Paid	553	514	250	268	332
Levered Free Cash Flow	-3,453	-206.13	4,655	10,840	10,419
Unlevered Free Cash Flow	-3,163	55.75	4,883	11,026	10,620
Change in Working Capital	1,062	663	1,223	2,323	1,087

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