United Utilities Group Cash Flow Statement

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	401.6	264.7	126.9	204.9	-56.8	453.4
Depreciation & Amortization	466.6	464.9	438.8	423.6	418.2	422.3
Loss (Gain) on Sale of Assets	1.6	4	6.7	-27	3.9	10.7
Loss (Gain) on Sale of Investments	40.6	40.6	52.8	-146	-139.7	-36
Loss (Gain) on Equity Investments	10.8	10.8	4.1	-	1.8	-27.4
Stock-Based Compensation	3.5	4.7	2.1	5.1	4.8	3.6
Change in Accounts Receivable	-59.2	-54.7	-26.9	27.2	13.2	18.1
Change in Inventory	12.3	-3.1	-7.2	3.9	0.1	-1.7
Change in Accounts Payable	77.4	52.7	-4.2	-5.5	24.7	2.5
Change in Other Net Operating Assets	-1.6	5.5	0.4	-0.4	2.5	-5.4
Other Operating Activities	177.7	128	151.6	301.7	661.7	19.3
Operating Cash Flow	1,131	918.1	745.1	787.5	934.4	859.4
Operating Cash Flow Growth	35.08%	23.22%	-5.38%	-15.72%	8.73%	6.06%
Capital Expenditures	-1,190	-988.5	-749.5	-675.9	-609	-610.4
Sale of Property, Plant & Equipment	1.1	1.1	4.8	-	-	-
Divestitures	-	-	-	90.5	-	-
Sale (Purchase) of Intangibles	-8.9	-9.5	-14.6	-18.1	-19.5	-33.6
Investment in Securities	273.2	-	-	-	-	85.3
Other Investing Activities	48.5	9.7	27.9	10.1	-11.2	9.4
Investing Cash Flow	-876.1	-987.2	-731.4	-593.4	-639.7	-549.3
Long-Term Debt Issued	-	1,339	1,610	501.1	173.7	909.7
Long-Term Debt Repaid	-	-631.4	-248.5	-278.1	-681.8	-703.5
Net Debt Issued (Repaid)	508.2	707.9	1,362	223	-508.1	206.2
Repurchase of Common Stock	-4.1	-5	-3.8	-6.8	-6.1	-4
Common Dividends Paid	-353.5	-344.1	-320	-301.2	-295.5	-291.9
Financing Cash Flow	151	358.8	1,038	-85	-809.7	-89.7
Foreign Exchange Rate Adjustments	-	-	-	-1.3	1.5	-
Net Cash Flow	406.2	289.7	1,051	107.8	-513.5	220.4
Free Cash Flow	-58.7	-70.4	-4.4	111.6	325.4	249
Free Cash Flow Growth	-	-	-	-65.70%	30.68%	58.09%
Free Cash Flow Margin	-2.47%	-3.28%	-0.23%	6.19%	17.47%	13.77%
Free Cash Flow Per Share	-0.09	-0.10	-0.01	0.16	0.48	0.36
Cash Interest Paid	305.4	263.5	175.6	118.2	121.9	136.7
Cash Income Tax Paid	-	-6.4	-4.6	-6.8	8.9	48.5
Levered Free Cash Flow	-373.36	-241.21	-238.45	-164.64	-4.06	89.15
Unlevered Free Cash Flow	-121.93	-11.09	15.99	55.18	115.31	180.21
Change in Working Capital	28.9	0.4	-37.9	25.2	40.5	13.5

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.