Rentokil Initial 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	2016 - 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	2016 - 2020
Net Income	247	307	381	232	263	186	Upgrade
Depreciation & Amortization	428	443	438	364	280	292	Upgrade
Other Amortization	36	34	33	22	17	-	Upgrade
Asset Writedown & Restructuring Costs	30	30	4	8	-	19	Upgrade
Other Operating Activities	27	29	4	-23	-16	2	Upgrade
Change in Accounts Receivable	4	-38	-29	5	59	-19	Upgrade
Change in Inventory	-17	-12	-15	-4	-3	-23	Upgrade
Change in Accounts Payable	8	-101	-60	6	-32	78	Upgrade
Change in Unearned Revenue	-	-	-	-	-	13	Upgrade
Change in Other Net Operating Assets	-16	-14	-19	-10	-5	-	Upgrade
Operating Cash Flow	755	678	737	600	563	548	Upgrade
Operating Cash Flow Growth	-5.27%	-8.00%	22.83%	6.57%	2.74%	18.38%	Upgrade
Capital Expenditures	-173	-171	-167	-153	-128	-130	Upgrade
Sale of Property, Plant & Equipment	3	4	14	5	7	6	Upgrade
Cash Acquisitions	-146	-172	-242	-1,018	-463	-194	Upgrade
Divestitures	-	-	-	1	-	2	Upgrade
Sale (Purchase) of Intangibles	-45	-44	-44	-37	-32	-23	Upgrade
Investment in Securities	-1	-1	19	1	171	-170	Upgrade
Other Investing Activities	11	11	4	4	4	12	Upgrade
Investing Cash Flow	-351	-373	-416	-1,197	-441	-497	Upgrade
Long-Term Debt Issued	-	-	-	2,383	5	1,690	Upgrade
Long-Term Debt Repaid	-	-514	-157	-948	-255	-1,437	Upgrade
Net Debt Issued (Repaid)	20	-514	-157	1,435	-250	253	Upgrade
Common Dividends Paid	-241	-229	-201	-122	-139	-	Upgrade
Other Financing Activities	29	-9	-3	10	-28	-24	Upgrade
Financing Cash Flow	-192	-752	-361	1,323	-417	229	Upgrade
Foreign Exchange Rate Adjustments	44	-13	-7	-89	-14	-3	Upgrade
Net Cash Flow	256	-460	-47	637	-309	277	Upgrade
Free Cash Flow	582	507	570	447	435	418	Upgrade
Free Cash Flow Growth	-3.80%	-11.05%	27.52%	2.76%	4.07%	29.49%	Upgrade
Free Cash Flow Margin	10.52%	9.33%	10.61%	12.04%	14.71%	14.91%	Upgrade
Free Cash Flow Per Share	0.23	0.20	0.23	0.22	0.23	0.22	Upgrade
Cash Interest Paid	212	180	191	52	42	49	Upgrade
Cash Income Tax Paid	94	87	100	77	69	64	Upgrade
Levered Free Cash Flow	309.88	538.88	509.38	586	220.5	485.98	Upgrade
Unlevered Free Cash Flow	419.88	652	618.75	632.25	241.75	510.98	Upgrade
Change in Net Working Capital	258	50	127	-113	141.5	-176.6	Upgrade

Updated Mar 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.