Guardian Media Cash Flow Statement

Financials in millions TTD. Fiscal year is January - December.

Millions TTD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 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	-7.36	-3.48	-8.62	2.46	4.2	4.69
Depreciation & Amortization	14.1	13.62	13.29	13.41	13.16	14.55
Other Amortization	0.57	0.57	0.81	0.99	1.01	0.98
Loss (Gain) From Sale of Assets	-0.17	-0.17	-0.14	0.35	-0.23	0.08
Loss (Gain) From Sale of Investments	0.56	0.56	-0.11	-0.07	-0.33	-0.41
Other Operating Activities	-6.39	-5.28	-6.82	-6.39	-1.86	3.15
Change in Accounts Receivable	0.95	0.95	13.92	-10.22	2.48	-3.39
Change in Inventory	2.02	2.02	2.27	0.92	-6	4.83
Change in Accounts Payable	-2.6	-2.6	-1.41	-5.06	5.96	-3.79
Change in Other Net Operating Assets	2	-	-	-	-	-
Operating Cash Flow	3.69	6.2	13.2	-3.6	18.4	20.69
Operating Cash Flow Growth	213.50%	-53.04%	-	-	-11.09%	105.40%
Capital Expenditures	-4.1	-4.14	-6.29	-4.53	-3.22	-1.01
Sale of Property, Plant & Equipment	0.12	0.12	0.16	-	-	-
Investment in Securities	-0.84	-0.84	-1.34	-	-12.64	-7.74
Other Investing Activities	-0.26	-	-	-	-	-
Investing Cash Flow	-5.08	-4.86	-7.47	-4.53	-15.86	-8.74
Long-Term Debt Repaid	-	-4.14	-3.55	-3.51	-3.13	-3.34
Net Debt Issued (Repaid)	-4.14	-4.14	-3.55	-3.51	-3.13	-3.34
Preferred Dividends Paid	-0.09	-0.09	-0.09	-0.09	-0.09	-0.07
Common Dividends Paid	-	-	-1.6	-2.8	-2	-
Dividends Paid	-0.09	-0.09	-1.69	-2.89	-2.09	-0.07
Financing Cash Flow	-5.02	-4.23	-5.24	-6.4	-5.22	-3.41
Net Cash Flow	-6.41	-2.89	0.49	-14.53	-2.68	8.54
Free Cash Flow	-0.41	2.06	6.91	-8.13	15.18	19.69
Free Cash Flow Growth	-	-70.19%	-	-	-22.88%	260.19%
Free Cash Flow Margin	-0.46%	2.10%	6.96%	-6.90%	14.50%	17.80%
Free Cash Flow Per Share	-0.01	0.05	0.17	-0.20	0.38	0.49
Cash Interest Paid	0.64	0.57	0.73	0.73	0.71	1.01
Cash Income Tax Paid	0.95	1.05	1.29	3.78	2.05	0.37
Levered Free Cash Flow	7.26	7.49	14.69	-4.53	18.07	16.5
Unlevered Free Cash Flow	7.66	7.85	15.14	-4.07	18.51	17.13
Change in Working Capital	2.38	0.37	14.78	-14.36	2.45	-2.35

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