United Spirits Cash Flow Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	18,380	15,820	14,080	11,370	8,286
Depreciation & Amortization	2,890	2,700	2,610	2,720	2,941
Other Amortization	-	130	140	110	97
Loss (Gain) From Sale of Assets	-220	-990	-430	-3,920	-129
Asset Writedown & Restructuring Costs	-	650	480	1,960	340
Loss (Gain) From Sale of Investments	-1,080	-480	-650	-200	-5
Loss (Gain) on Equity Investments	70	70	10	10	-
Stock-Based Compensation	220	170	370	230	255
Provision & Write-off of Bad Debts	330	-90	410	50	-129
Other Operating Activities	-250	3,580	610	-530	171
Change in Accounts Receivable	-3,560	-3,210	-10,450	-2,760	-2,051
Change in Inventory	-3,590	-2,420	1,630	-2,620	-1,048
Change in Accounts Payable	2,230	2,500	1,320	2,030	1,227
Change in Other Net Operating Assets	-870	1,040	1,050	-2,300	-181
Operating Cash Flow	14,590	19,470	11,180	6,150	9,774
Operating Cash Flow Growth	-25.06%	74.15%	81.79%	-37.08%	-46.23%
Capital Expenditures	-1,810	-1,620	-980	-1,370	-1,340
Sale of Property, Plant & Equipment	2,530	10	190	270	384
Divestitures	-	-	-	8,500	-
Sale (Purchase) of Real Estate	-	-	-	-	81
Investment in Securities	-5,410	-9,780	2,570	-8,100	-2,216
Other Investing Activities	380	180	420	200	64
Investing Cash Flow	-4,280	-11,140	2,260	-550	-3,127
Short-Term Debt Issued	60	280	250	-	-
Total Debt Issued	60	280	250	-	-
Short-Term Debt Repaid	-120	-530	-	-3,390	-5,377
Long-Term Debt Repaid	-1,440	-1,370	-1,270	-1,250	-1,002
Total Debt Repaid	-1,560	-1,900	-1,270	-4,640	-6,379
Net Debt Issued (Repaid)	-1,500	-1,620	-1,020	-4,640	-6,379
Common Dividends Paid	-12,630	-3,550	-2,840	-	-
Other Financing Activities	-370	-400	-210	-360	-501
Financing Cash Flow	-14,500	-5,570	-4,070	-5,000	-6,880
Net Cash Flow	-4,190	2,760	9,370	600	-233
Free Cash Flow	12,780	17,850	10,200	4,780	8,434
Free Cash Flow Growth	-28.40%	75.00%	113.39%	-43.33%	-49.16%
Free Cash Flow Margin	10.25%	14.79%	9.01%	4.50%	8.68%
Free Cash Flow Per Share	1.36	25.14	14.37	6.74	11.89
Cash Interest Paid	370	400	210	360	501
Cash Income Tax Paid	3,340	1,630	3,370	2,680	4,570
Levered Free Cash Flow	6,184	13,210	10,798	7,593	7,662
Unlevered Free Cash Flow	7,171	13,766	11,273	8,243	8,212
Change in Working Capital	-5,790	-2,090	-6,450	-5,650	-2,053

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