GCI Liberty Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-309	70	41	1	-186
Depreciation & Amortization	262	259	230	262	267
Asset Writedown & Restructuring Costs	525	-	-	-	-
Stock-Based Compensation	13	13	19	20	22
Other Operating Activities	-98	6	18	32	206
Change in Accounts Receivable	38	-14	-	-	-
Change in Accounts Payable	-	-	-88	-53	-56
Change in Other Net Operating Assets	-61	-56	56	71	182
Operating Cash Flow	370	278	276	333	435
Operating Cash Flow Growth	33.09%	0.73%	-17.12%	-23.45%	579.69%
Capital Expenditures	-248	-247	-222	-181	-134
Other Investing Activities	30	54	8	31	17
Investing Cash Flow	-218	-193	-214	-150	-117
Long-Term Debt Issued	691	155	-	25	400
Long-Term Debt Repaid	-779	-107	-6	-31	-709
Net Debt Issued (Repaid)	-88	48	-6	-6	-309
Issuance of Common Stock	299	-	-	-	-
Common Dividends Paid	-	-150	-65	-110	-11
Other Financing Activities	-9	-5	-5	-6	-10
Financing Cash Flow	202	-107	-76	-122	-330
Net Cash Flow	354	-22	-14	61	-12
Free Cash Flow	122	31	54	152	301
Free Cash Flow Growth	293.55%	-42.59%	-64.47%	-49.50%	-
Free Cash Flow Margin	11.66%	3.05%	5.50%	15.69%	31.03%
Free Cash Flow Per Share	3.94	1.00	-	-	-
Cash Interest Paid	51	56	56	-	-
Cash Income Tax Paid	109	24	3	-	-
Levered Free Cash Flow	170.13	90.88	40.13	163.25	308.13
Unlevered Free Cash Flow	198.25	121.5	72	189.5	335.63
Change in Working Capital	-23	-70	-32	18	126

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