Pearson Cash Flow Statement

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

Millions GBP. 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	457	510	493	323	177
Depreciation & Amortization	571	526	543	618	687
Stock-Based Compensation	39	44	40	35	28
Other Adjustments	-328	-400	-455	-580	-568
Change in Receivables	-104	32	-24	33	-71
Changes in Inventories	5	15	9	-34	22
Changes in Accounts Payable	35	-99	-20	-84	37
Changes in Other Operating Activities	-19	-1	-61	50	14
Operating Cash Flow	656	627	525	361	326
Operating Cash Flow Growth	4.63%	19.43%	45.43%	10.74%	-16.20%
Capital Expenditures	-29	-33	-30	-57	-64
Sale of Property, Plant & Equipment	3	6	5	14	-
Purchases of Intangible Assets	-105	-91	-96	-90	-112
Purchases of Investments	-5	-7	-8	-12	-4
Proceeds from Sale of Investments	-	-	7	17	48
Payments for Business Acquisitions	-167	-39	-176	-233	-65
Proceeds from Business Divestments	8	-7	-38	333	83
Other Investing Activities	52	40	35	41	34
Investing Cash Flow	-243	-131	-301	13	-80
Long-Term Debt Issued	1,017	1,265	285	-	-
Long-Term Debt Repaid	-974	-921	-285	-171	-167
Net Long-Term Debt Issued (Repaid)	43	344	0	-171	-167
Issuance of Common Stock	9	7	9	7	6
Repurchase of Common Stock	-352	-318	-186	-353	-16
Net Common Stock Issued (Repurchased)	-343	-311	-177	-346	-10
Common Dividends Paid	-160	-156	-154	-157	-149
Other Financing Activities	-149	-118	-119	-130	-88
Financing Cash Flow	-609	-241	-450	-804	-414
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-14	-21	-8	36	-8
Net Cash Flow	-210	234	-234	-394	-176
Free Cash Flow	627	594	495	304	262
Free Cash Flow Growth	5.56%	20.00%	62.83%	16.03%	-22.02%
FCF Margin	17.53%	16.72%	13.47%	7.91%	7.64%
Free Cash Flow Per Share	0.95	0.87	0.69	0.41	0.35
Levered Free Cash Flow	941	1,186	819	564	706
Unlevered Free Cash Flow	935.76	869.44	824.85	697.72	880.03

SEC Filings: 10-K · 10-Q