Standard Life Cash Flow Statement

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-602	-1,090	56	-2,724	-837	798
Depreciation & Amortization	28	27	29	25	38	46
Other Amortization	253	267	318	349	577	469
Gain (Loss) on Sale of Assets	-	-	-	-	-93	-
Gain (Loss) on Sale of Investments	-3,469	-7,884	-11,045	45,197	-9,436	-10,891
Stock-Based Compensation	27	26	22	16	14	13
Reinsurance Recoverable	-1,075	37	-1,439	1,553	-227	708
Change in Insurance Reserves / Liabilities	8,270	13,239	17,422	-42,146	6,248	6,374
Change in Other Net Operating Assets	-1,588	-1,606	-6,931	-1,723	3,377	9,375
Other Operating Activities	264	256	343	-1,044	467	-190
Operating Cash Flow	1,337	3,372	-863	866	-1,020	6,754
Operating Cash Flow Growth	-47.36%	-	-	-	-	9832.35%
Purchase / Sale of Intangible Assets	-35	-29	-	-	-	-
Cash Acquisitions	-	-	-20	-	-	-979
Investing Cash Flow	-35	-29	-20	-	304	-979
Long-Term Debt Issued	-	475	410	61	17	1,445
Total Debt Repaid	-300	-750	-422	-496	-356	-73
Net Debt Issued (Repaid)	-203	-275	-12	-435	-339	1,372
Issuance of Common Stock	2	-	6	4	2	2
Common Dividends Paid	-569	-562	-549	-525	-511	-432
Other Financing Activities	-235	-240	-214	-226	-246	-185
Financing Cash Flow	-1,009	-1,077	-769	-1,182	-1,094	757
Miscellaneous Cash Flow Adjustments	-8	-33	-52	-33	-76	-
Net Cash Flow	285	2,233	-1,704	-349	-1,886	6,532
Cash Interest Paid	213	218	203	216	237	176
Cash Income Tax Paid	162	177	93	153	149	562
Levered Free Cash Flow	5,024	9,600	19,966	-21,908	-20,256	40,310
Unlevered Free Cash Flow	5,198	9,781	20,128	-21,764	-20,104	40,457
Change in Working Capital	4,940	11,670	9,052	-42,316	9,398	16,457

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