Rolls-Royce 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	4,468	2,906	1,944	923	470
Depreciation & Amortization	737	532	1,029	1,004	1,009
Stock-Based Compensation	104	136	66	47	28
Other Adjustments	-366	-543	-1,145	-808	-59
Changes in Inventories	-685	-323	-200	-887	-169
Changes in Income Taxes Payable	-590	-381	-172	-174	-185
Changes in Unearned Revenue	704	752	2,703	1,753	-134
Changes in Other Operating Activities	193	703	-1,740	-334	-1,219
Operating Cash Flow	4,565	3,782	2,485	1,524	-259
Operating Cash Flow Growth	20.70%	52.19%	63.06%	-	-
Capital Expenditures	-621	-519	-429	-359	-328
Sale of Property, Plant & Equipment	2	5	10	48	61
Purchases of Intangible Assets	-364	-367	-284	-237	-231
Proceeds from Sale of Intangible Assets	5	5	4	8	5
Purchases of Investments	-41	-17	3	-32	-34
Payments for Business Acquisitions	-	-	-14	-	-
Proceeds from Business Divestments	80	62	-4	1,398	99
Other Investing Activities	-	-	-12	-	-
Investing Cash Flow	-939	-831	-726	826	-428
Long-Term Debt Issued	177	7	2	1	2,005
Long-Term Debt Repaid	-1,159	-774	-292	-2,242	-1,339
Net Long-Term Debt Issued (Repaid)	-982	-767	-290	-2,241	666
Issuance of Common Stock	40	-	-	-	-
Repurchase of Common Stock	-1,010	-1	-1	-1	-3
Net Common Stock Issued (Repurchased)	-970	-1	-1	-1	-3
Common Dividends Paid	-885	-	-	-	-
Other Financing Activities	-136	-279	-258	-298	-751
Financing Cash Flow	-2,973	-1,047	-549	-2,540	-88
Effect of Exchange Rate Changes on Cash and Cash Equivalents	15	-62	-84	156	-82
Net Cash Flow	653	1,904	1,210	-190	-775
Free Cash Flow	3,944	3,263	2,056	1,165	-587
Free Cash Flow Growth	20.87%	58.71%	76.48%	-	-
FCF Margin	18.60%	17.26%	12.47%	8.62%	-5.23%
Free Cash Flow Per Share	0.47	0.39	0.24	0.14	-0.07
Levered Free Cash Flow	4,597	2,518	3,313	-2,507	-240
Unlevered Free Cash Flow	3,498	3,995	3,117	1,668	-1,242

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.