Rathbones Group 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	152.9	99.6	57.6	64.1	95.04
Depreciation & Amortization	67.2	80.4	47.1	35	31.28
Stock-Based Compensation	27.5	29.1	24	25.9	20.13
Other Adjustments	11	4	3.9	-10.5	3.68
Change in Receivables	-33.5	59.2	220.7	12.3	-20.79
Changes in Accounts Payable	902.2	51.7	-375.1	191.7	-262.77
Changes in Accrued Expenses	-9.6	27.2	1	-5.9	5.83
Changes in Income Taxes Payable	-52.1	-41.8	-29.5	-17.6	-27.21
Changes in Other Operating Activities	0.6	-15.8	-39.1	-2	-14.2
Operating Cash Flow	1,066	293.6	-89.4	292.9	-169.01
Operating Cash Flow Growth	263.15%	-	-	-	-
Capital Expenditures	-8.8	-56.6	-10.7	-13.1	-12.7
Purchases of Investments	-2,689	-2,028	-2,060	-1,263	-932.39
Proceeds from Sale of Investments	2,100	2,047	1,818	984.4	821.79
Cash Acquisitions	-	-	172.6	-10.9	-79.74
Investing Cash Flow	-597.9	-38	-79.9	-302.1	-203.03
Long-Term Debt Issued	-	-	-	-	39.89
Long-Term Debt Repaid	-	-	-	-	-65.32
Net Long-Term Debt Issued (Repaid)	-	-	-	-	-25.43
Issuance of Common Stock	6.9	5.6	-	9.3	59.47
Repurchase of Common Stock	-55	-22	-16	-18.6	-15.13
Net Common Stock Issued (Repurchased)	-48.1	-16.4	-16	-9.3	44.34
Common Dividends Paid	-98.4	-56.9	-71.4	-48.6	-43.96
Other Financing Activities	-12.3	-26	-13.1	-13.8	-6
Financing Cash Flow	-158.8	-99.3	-100.5	-71.7	-31.06
Net Cash Flow	309.5	156.3	-269.8	-80.9	-403.1
Free Cash Flow	1,057	237	-100.1	279.8	-181.71
Free Cash Flow Growth	346.16%	-	-	-	-
FCF Margin	114.52%	26.45%	-17.53%	61.37%	-41.68%
Free Cash Flow Per Share	9.85	2.19	-1.35	4.66	-3.12
Levered Free Cash Flow	1,012	110.6	-368.8	237.1	-229.97
Unlevered Free Cash Flow	1,012	110.6	-368.8	237.1	-204.54