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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-13.6	-11.86	-3.48	-8.62	2.46	4.2
Depreciation & Amortization	12.12	12.12	13.62	13.29	13.41	13.16
Other Amortization	0.13	0.13	0.57	0.81	0.99	1.01
Loss (Gain) From Sale of Assets	-0.03	-0.03	-0.17	-0.14	0.35	-0.23
Loss (Gain) From Sale of Investments	1.1	1.1	0.56	-0.11	-0.07	-0.33
Other Operating Activities	-4.24	-4.59	-5.28	-6.82	-6.39	-1.86
Change in Accounts Receivable	3.35	3.35	0.95	13.92	-10.22	2.48
Change in Inventory	1.81	1.81	2.02	2.27	0.92	-6
Change in Accounts Payable	-2.82	-2.82	-2.6	-1.41	-5.06	5.96
Operating Cash Flow	-4.67	-0.8	6.2	13.2	-3.6	18.4
Operating Cash Flow Growth	-	-	-53.04%	-	-	-11.09%
Capital Expenditures	-2.47	-2.47	-4.14	-6.29	-4.53	-3.22
Sale of Property, Plant & Equipment	0.03	0.03	0.12	0.16	-	-
Sale (Purchase) of Intangibles	-0.1	-0.1	-	-	-	-
Investment in Securities	5.96	5.96	-0.84	-1.34	-	-12.64
Other Investing Activities	0.05	-	-	-	-	-
Investing Cash Flow	3.48	3.42	-4.86	-7.47	-4.53	-15.86
Long-Term Debt Repaid	-	-3.41	-4.14	-3.55	-3.51	-3.13
Net Debt Issued (Repaid)	-3.41	-3.41	-4.14	-3.55	-3.51	-3.13
Preferred Dividends Paid	-0.09	-0.09	-0.09	-0.09	-0.09	-0.09
Common Dividends Paid	-1.6	-1.6	-	-1.6	-2.8	-2
Dividends Paid	-1.69	-1.69	-0.09	-1.69	-2.89	-2.09
Financing Cash Flow	-5.09	-5.1	-4.23	-5.24	-6.4	-5.22
Net Cash Flow	-6.28	-2.47	-2.89	0.49	-14.53	-2.68
Free Cash Flow	-7.13	-3.26	2.06	6.91	-8.13	15.18
Free Cash Flow Growth	-	-	-70.19%	-	-	-22.88%
Free Cash Flow Margin	-8.81%	-3.89%	2.10%	6.96%	-6.90%	14.50%
Free Cash Flow Per Share	-0.18	-0.08	0.05	0.17	-0.20	0.38
Cash Interest Paid	0.74	0.74	0.57	0.73	0.73	0.71
Cash Income Tax Paid	0.9	0.9	1.05	1.29	3.78	2.05
Levered Free Cash Flow	19.55	4.51	7.49	14.69	-4.53	18.07
Unlevered Free Cash Flow	20.07	4.98	7.85	15.14	-4.07	18.51
Change in Working Capital	-0.15	2.34	0.37	14.78	-14.36	2.45

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