GSK plc (GSK)
NYSE: GSK · Real-Time Price · USD
50.33
-0.08 (-0.16%)
Nov 6, 2026, 4:00 PM EST - Market closed
GSK Cash Flow Statement
Financials in millions GBP. Fiscal year is January - December.
Millions GBP. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 | 4,351 | 5,716 | 2,575 | 4,928 | 14,956 | 4,385 |
Depreciation & Amortization | 1,453 | 2,094 | 2,340 | 2,294 | 2,147 | 2,122 |
Other Amortization | 220 | 220 | 211 | - | - | - |
Loss (Gain) From Sale of Assets | -40 | -40 | -159 | -12 | -221 | -586 |
Asset Writedown & Restructuring Costs | 2,591 | 1,143 | 369 | 360 | 198 | 498 |
Loss (Gain) From Sale of Investments | -4 | -4 | -16 | -1 | -1 | 28 |
Loss (Gain) on Equity Investments | 10 | -1 | 3 | 5 | 2 | -33 |
Stock-Based Compensation | 374 | 374 | 344 | 307 | 346 | 343 |
Other Operating Activities | -489 | 141 | 631 | -257 | -9,435 | -804 |
Change in Accounts Receivable | -613 | -613 | 298 | -794 | -158 | -780 |
Change in Inventory | -140 | -140 | -294 | -424 | -269 | 51 |
Change in Accounts Payable | 131 | 131 | -179 | -15 | 494 | 229 |
Change in Other Net Operating Assets | 1,074 | -1,280 | 431 | 377 | -1,425 | 824 |
Operating Cash Flow | 8,918 | 7,741 | 6,554 | 6,768 | 7,403 | 7,952 |
Operating Cash Flow Growth | 14.45% | 18.11% | -3.16% | -8.58% | -6.90% | -5.79% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Capital Expenditures | -1,496 | -1,348 | -1,399 | -1,314 | -1,143 | -950 |
Sale of Property, Plant & Equipment | 46 | 24 | 65 | 28 | 146 | 132 |
Cash Acquisitions | -9,386 | -1,709 | -824 | -1,468 | -3,187 | -114 |
Divestitures | 248 | -27 | -18 | 49 | -43 | -17 |
Sale (Purchase) of Intangibles | -799 | -1,522 | -1,452 | -1,018 | -919 | -1,063 |
Investment in Securities | 167 | 108 | 2,231 | 1,782 | 95 | 334 |
Other Investing Activities | 324 | 241 | 168 | 346 | -3,721 | -99 |
Investing Cash Flow | -10,896 | -4,233 | -1,229 | -1,595 | -8,772 | -1,777 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Short-Term Debt Issued | - | 1,215 | 266 | - | 1,021 | 301 |
Long-Term Debt Issued | - | 1,979 | 1,075 | 223 | 1,025 | - |
Total Debt Issued | 8,342 | 3,194 | 1,341 | 223 | 2,046 | 301 |
Short-Term Debt Repaid | - | -288 | -892 | -333 | - | -2,304 |
Long-Term Debt Repaid | - | -1,641 | -1,841 | -2,457 | -6,870 | -181 |
Lease Payments | -227 | -241 | -226 | -197 | -202 | -181 |
Total Debt Repaid | -2,049 | -1,929 | -2,733 | -2,790 | -6,870 | -2,485 |
Net Debt Issued (Repaid) | 6,293 | 1,265 | -1,392 | -2,567 | -4,824 | -2,184 |
Issuance of Common Stock | 10 | 15 | 20 | 10 | 25 | 21 |
Repurchase of Common Stock | -886 | -1,377 | - | - | - | - |
Common Dividends Paid | -2,698 | -2,564 | -2,444 | -2,247 | -3,467 | -3,999 |
Other Financing Activities | -782 | -1,024 | -910 | -837 | 9,089 | -1,427 |
Financing Cash Flow | 1,937 | -3,685 | -4,726 | -5,641 | 823 | -7,589 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Foreign Exchange Rate Adjustments | -80 | -19 | -54 | -99 | 152 | -29 |
Net Cash Flow | -78 | -196 | 545 | -567 | -394 | -1,443 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 7,422 | 6,393 | 5,155 | 5,454 | 6,260 | 7,002 |
Free Cash Flow Growth | 14.66% | 24.02% | -5.48% | -12.88% | -10.60% | -6.04% |
Free Cash Flow Margin | 22.13% | 19.57% | 16.43% | 17.98% | 21.35% | 28.35% |
Free Cash Flow Per Share | 1.82 | 1.55 | 1.25 | 1.33 | 1.53 | 1.73 |
Levered Free Cash Flow | 5,554 | 3,284 | 4,954 | 3,837 | 4,266 | 4,847 |
Unlevered Free Cash Flow | 5,999 | 3,695 | 5,339 | 4,281 | 4,778 | 5,323 |
Free Cash Flow After Leases | 7,195 | 6,152 | 4,929 | 5,257 | 6,058 | 6,821 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash Interest Paid | 726 | 679 | 632 | 766 | 848 | 772 |
Cash Income Tax Paid | 1,149 | 1,202 | 1,307 | 1,328 | 1,310 | 972 |
Change in Working Capital | 452 | -1,902 | 256 | -856 | -1,358 | 324 |