National Grid Cash Flow Statement

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	5,431	4,934	4,475	4,879	4,371
Depreciation & Amortization	2,247	2,175	2,061	1,984	1,830
Stock-Based Compensation	45	37	37	48	38
Other Adjustments	-418	-103	971	-825	-293
Changes in Income Taxes Payable	-32	-183	-342	-89	-298
Changes in Other Operating Activities	556	-52	-263	901	624
Operating Cash Flow	7,829	6,808	6,939	6,343	5,490
Operating Cash Flow Growth	15.00%	-1.89%	9.40%	15.54%	41.64%
Capital Expenditures	-9,989	-8,780	-6,904	-6,325	-5,098
Sale of Property, Plant & Equipment	68	26	52	87	26
Purchases of Intangible Assets	-586	-526	-549	-567	-446
Purchases of Investments	-161	-518	-413	-538	-462
Proceeds from Sale of Investments	67	85	102	116	215
Payments for Business Acquisitions	-	-	-19	-19	-7,853
Proceeds from Business Divestments	2,809	1,263	681	7,492	413
Other Investing Activities	3,635	-2,121	-449	-6	-805
Investing Cash Flow	-4,157	-10,593	-7,601	804	-13,885
Short-Term Debt Issued	-2,225	925	544	-511	-11
Net Short-Term Debt Issued (Repaid)	-2,225	925	544	-511	-11
Long-Term Debt Issued	4,172	3,237	5,563	11,908	12,347
Long-Term Debt Repaid	-2,961	-2,861	-1,701	-15,260	-1,261
Net Long-Term Debt Issued (Repaid)	1,211	376	3,862	-3,352	11,086
Issuance of Common Stock	40	7,019	20	16	33
Repurchase of Common Stock	-1	-169	-4	1	-3
Net Common Stock Issued (Repurchased)	39	6,850	16	17	30
Common Dividends Paid	-1,623	-1,529	-1,718	-1,607	-922
Other Financing Activities	-2,022	-2,094	-1,717	-1,720	-2,414
Financing Cash Flow	-4,620	4,528	987	-6,966	8,919
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-8	-23	-1	7	5
Net Cash Flow	-948	765	427	-35	31
Free Cash Flow	-2,160	-1,972	35	18	392
Free Cash Flow Growth	-	-	94.44%	-95.41%	-
FCF Margin	-12.21%	-10.73%	0.18%	0.08%	2.12%
Free Cash Flow Per Share	-2.17	-2.09	0.04	0.02	0.54
Levered Free Cash Flow	-4,991	-2,637	1,248	405	10,486
Unlevered Free Cash Flow	-3,006	-3,016	-2,193	159.47	-169

SEC Filings: 10-K · 10-Q