Howden Joinery Group 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 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 24, 2022	Dec '21 Dec 25, 2021
Net Income	267.7	249.3	254.6	374.2	314.5
Depreciation & Amortization	170.8	148.4	135.3	118.2	106.3
Other Amortization	-	5.8	6	7.5	9.1
Loss (Gain) From Sale of Assets	1.4	0.4	0.3	-0.1	3.2
Asset Writedown & Restructuring Costs	-	-0.1	-0.4	-0.9	-
Stock-Based Compensation	10.3	9.6	6	7.3	10.1
Other Operating Activities	61.7	52	5.5	-59.2	14.4
Change in Accounts Receivable	-14.2	-70.1	38.8	-23.7	-39.2
Change in Inventory	-18.5	-7.9	-9.5	-69.8	-46.6
Change in Accounts Payable	6.4	12.7	-64.3	41.8	84.1
Change in Other Net Operating Assets	-	-	-	-	-18.5
Operating Cash Flow	485.6	400.1	372.3	395.3	437.4
Operating Cash Flow Growth	21.37%	7.47%	-5.82%	-9.63%	32.75%
Capital Expenditures	-143.9	-122	-118.9	-140.8	-85.9
Sale of Property, Plant & Equipment	0.1	0.1	-	0.7	0.1
Cash Acquisitions	-	-	-	-14.6	-
Sale (Purchase) of Intangibles	-12.6	-	-	-	-
Other Investing Activities	13.2	9.8	4.7	1.1	-
Investing Cash Flow	-143.2	-112.1	-114.2	-153.6	-85.8
Long-Term Debt Repaid	-100.5	-92.7	-105	-66.1	-74.8
Net Debt Issued (Repaid)	-100.5	-92.7	-105	-66.1	-74.8
Issuance of Common Stock	-	0.4	0.5	0.1	2.2
Repurchase of Common Stock	-100.2	-	-50	-250.5	-50
Common Dividends Paid	-116.6	-115.9	-114.1	-115	-79.5
Other Financing Activities	-23.4	-20.7	-16.8	-13.1	-10.8
Financing Cash Flow	-340.7	-228.9	-285.4	-444.6	-267
Foreign Exchange Rate Adjustments	-0.8	1.7	2.1	-4.4	-
Net Cash Flow	0.9	60.8	-25.2	-207.3	84.6
Free Cash Flow	341.7	278.1	253.4	254.5	351.5
Free Cash Flow Growth	22.87%	9.75%	-0.43%	-27.60%	35.30%
Free Cash Flow Margin	14.13%	11.98%	10.96%	10.97%	16.79%
Free Cash Flow Per Share	0.63	0.51	0.46	0.45	0.59
Cash Interest Paid	23.4	20.7	16.8	13.1	11
Cash Income Tax Paid	25.7	39.2	63.5	101.5	73.1
Levered Free Cash Flow	221.23	189.08	188.41	148.94	285.74
Unlevered Free Cash Flow	235.91	202.01	198.91	157.19	292.61
Change in Working Capital	-26.3	-65.3	-35	-51.7	-20.2

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