S4 Capital 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
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
Net Income	-315.5	-306.9	-14.3	-160.5	-56.72	-3.93
Depreciation & Amortization	64.5	67	77.9	83.4	56.46	37.02
Asset Writedown & Restructuring Costs	303.3	308.4	0.3	22.3	-	-
Loss (Gain) on Equity Investments	-	-0.1	-0.2	-	-	-
Stock-Based Compensation	5.6	6.8	10.1	14.2	13.88	12.33
Other Operating Activities	4.7	-5	-82.7	118.3	74.3	15.64
Change in Accounts Receivable	-2.2	-44.4	11.3	-48.7	-131.66	-29.28
Change in Accounts Payable	32.4	58.3	-13.1	49.3	98.37	29.89
Operating Cash Flow	92.8	84.1	-10.7	78.3	54.62	61.67
Operating Cash Flow Growth	-	-	-	43.35%	-11.43%	150.99%
Capital Expenditures	-3	-4	-5.9	-16.4	-11.12	-7.4
Sale of Property, Plant & Equipment	0.1	0.1	-	-	-	-
Cash Acquisitions	-0.2	-7	-3.1	-123.7	-86.6	-124.16
Sale (Purchase) of Intangibles	-2.9	-4.2	-2.1	-1.5	-3.46	-0.03
Investment in Securities	-	-	-	-	-0.32	0.87
Other Investing Activities	2.3	2.8	-2.2	1.8	-5.12	-
Investing Cash Flow	-3.7	-12.3	-13.3	-139.8	-106.62	-130.71
Long-Term Debt Issued	-	-	-	-	342.99	45.62
Total Debt Issued	-	-	-	-	342.99	45.62
Long-Term Debt Repaid	-	-12.9	-16.5	-16.3	-121.8	-12.18
Total Debt Repaid	-12.8	-12.9	-16.5	-16.3	-121.8	-12.18
Net Debt Issued (Repaid)	-12.8	-12.9	-16.5	-16.3	221.2	33.45
Issuance of Common Stock	-	-	0.2	0.2	1.14	113.39
Repurchase of Common Stock	-	-2.5	-	-	-	-
Other Financing Activities	-26.2	-29.1	-26.7	-16.3	-13.91	-0.99
Financing Cash Flow	-39	-44.5	-43	-32.4	208.43	145.85
Foreign Exchange Rate Adjustments	-10	-4.6	-10.9	18.4	0.64	-0.86
Net Cash Flow	40.1	22.7	-77.9	-75.5	157.07	75.95
Free Cash Flow	89.8	80.1	-16.6	61.9	43.5	54.27
Free Cash Flow Growth	-	-	-	42.29%	-19.85%	224.88%
Free Cash Flow Margin	11.42%	9.44%	-1.64%	5.79%	6.34%	15.84%
Free Cash Flow Per Share	0.13	0.12	-0.03	0.10	0.08	0.11
Cash Interest Paid	25.8	29.1	26.7	16.3	5.53	0.74
Cash Income Tax Paid	3.3	9	20.5	19	18.99	10.76
Levered Free Cash Flow	99.96	69.78	-65.05	196.99	110.27	64.09
Unlevered Free Cash Flow	117.9	87.28	-49.05	207.24	115.13	65.52
Change in Working Capital	30.2	13.9	-1.8	0.6	-33.29	0.61

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