WH Smith Cash Flow Statement

Financials in millions GBP. Fiscal year is September - August.

Millions GBP. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Net Income	-95	-144	54	79	47	-82
Depreciation & Amortization	125	124	115	149	121	123
Other Amortization	10	10	12	11	10	11
Asset Writedown & Restructuring Costs	63	53	22	19	16	44
Stock-Based Compensation	2	3	9	12	9	6
Other Operating Activities	78	128	-	28	-5	-44
Change in Accounts Receivable	15	9	-22	-22	-42	4
Change in Inventory	-4	-22	-13	-12	-56	14
Change in Accounts Payable	15	33	17	-15	88	24
Change in Other Net Operating Assets	-1	73	1	2	-1	-
Operating Cash Flow	180	276	266	251	187	100
Operating Cash Flow Growth	-35.94%	3.76%	5.98%	34.23%	87.00%	23.46%
Capital Expenditures	-85	-77	-97	-106	-70	-37
Cash Acquisitions	-	-	-6	-	-	1
Sale (Purchase) of Intangibles	-7	-4	-9	-16	-13	-7
Investment in Securities	20	15	9	-	-	-
Other Investing Activities	10	-3	-25	-	-	-
Investing Cash Flow	-62	-69	-128	-122	-83	-43
Short-Term Debt Issued	-	-	-	84	-	-
Long-Term Debt Issued	-	24	33	-	-	327
Total Debt Issued	41	24	33	84	-	327
Long-Term Debt Repaid	-	-86	-73	-251	-96	-353
Total Debt Repaid	-84	-86	-73	-251	-96	-353
Net Debt Issued (Repaid)	-43	-62	-40	-167	-96	-26
Issuance of Common Stock	-	-	-	-	-	1
Repurchase of Common Stock	-27	-50	-12	-8	-7	-2
Common Dividends Paid	-22	-43	-41	-22	-	-
Other Financing Activities	-17	-37	-45	-6	-1	-8
Financing Cash Flow	-109	-192	-138	-203	-104	-35
Foreign Exchange Rate Adjustments	-	-	-	-2	2	-
Net Cash Flow	9	15	-	-76	2	22
Free Cash Flow	95	199	169	145	117	63
Free Cash Flow Growth	-51.03%	17.75%	16.55%	23.93%	85.71%	350.00%
Free Cash Flow Margin	5.99%	12.81%	11.47%	8.09%	8.36%	7.11%
Free Cash Flow Per Share	0.76	1.57	1.29	1.10	0.89	0.48
Cash Interest Paid	33	32	35	35	26	13
Cash Income Tax Paid	6	28	18	13	6	-10
Levered Free Cash Flow	198.75	224.75	16.25	77.63	103.13	111.5
Unlevered Free Cash Flow	230	253.5	46.25	105.75	124.38	126.5
Change in Working Capital	25	93	-17	-47	-11	42

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