Pershing Square Holdings, Ltd. (LON:PSH)

Pershing Square Holdings Cash Flow Statement

Financials in millions USD. 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	2,525	1,174	2,486	-1,172	2,436
Other Amortization	4.46	2.98	2.97	3.65	4
Other Operating Activities	119.9	-34.1	16.38	-49.86	-0.02
Change in Accounts Receivable	14.54	-12.46	-2.32	-3.7	-1.43
Change in Accounts Payable	259.88	-86.83	310.19	-459.76	-228.78
Change in Other Net Operating Assets	-85.91	121.24	356.95	-342.21	751.18
Operating Cash Flow	-29.72	-1,266	1,080	366.04	-914.29
Operating Cash Flow Growth	-	-	195.11%	-	-
Long-Term Debt Issued	1,238	-	-	-	1,277
Long-Term Debt Repaid	-	-	-	-630.62	-
Net Debt Issued (Repaid)	1,238	-	-	-630.62	1,277
Repurchase of Common Stock	-371.13	-119.62	-199.96	-262.42	-0
Common Dividends Paid	-118.12	-107.17	-98.78	-93.27	-79.65
Other Financing Activities	-14.06	-	-	-0.06	-394.81
Financing Cash Flow	734.7	-226.79	-298.74	-986.37	802.43
Net Cash Flow	704.98	-1,492	781.48	-620.33	-111.86
Cash Interest Paid	81.85	75.62	87.69	114.29	108.49
Levered Free Cash Flow	1,889	527.8	2,443	-1,593	2,124
Unlevered Free Cash Flow	1,955	573.13	2,496	-1,532	2,186
Change in Working Capital	-2,679	-2,408	-1,425	1,584	-3,355

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.