RELX PLC 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	2,065	1,934	1,781	1,634	1,471
Depreciation & Amortization	254	280	387	404	429
Other Amortization	498	503	406	381	355
Loss (Gain) on Equity Investments	-44	-43	-46	-19	-29
Stock-Based Compensation	63	66	56	46	45
Other Operating Activities	63	14	-12	29	-47
Change in Accounts Receivable	14	-173	-24	-251	-103
Change in Inventory	-101	-83	-90	-103	-73
Change in Accounts Payable	24	110	-1	280	-32
Operating Cash Flow	2,836	2,608	2,457	2,401	2,016
Operating Cash Flow Growth	8.74%	6.15%	2.33%	19.10%	26.32%
Capital Expenditures	-21	-20	-30	-36	-28
Sale of Property, Plant & Equipment	-	-	7	-	5
Cash Acquisitions	-260	-170	-124	-394	-254
Divestitures	17	46	12	4	190
Sale (Purchase) of Intangibles	-504	-464	-447	-400	-309
Investment in Securities	-42	-4	-8	-66	-8
Other Investing Activities	40	37	21	33	20
Investing Cash Flow	-770	-575	-569	-859	-384
Short-Term Debt Issued	232	461	84	-	-
Long-Term Debt Issued	1,125	711	651	397	-
Total Debt Issued	1,357	1,172	735	397	-
Short-Term Debt Repaid	-	-	-	-101	-200
Long-Term Debt Repaid	-661	-1,080	-919	-114	-524
Total Debt Repaid	-661	-1,080	-919	-215	-724
Net Debt Issued (Repaid)	696	92	-184	182	-724
Issuance of Common Stock	42	47	41	26	32
Repurchase of Common Stock	-1,576	-1,075	-850	-550	-1
Common Dividends Paid	-1,181	-1,121	-1,059	-983	-920
Other Financing Activities	-32	-8	-5	-9	7
Financing Cash Flow	-2,051	-2,065	-2,057	-1,334	-1,606
Foreign Exchange Rate Adjustments	-3	-4	-10	13	-1
Net Cash Flow	12	-36	-179	221	25
Free Cash Flow	2,815	2,588	2,427	2,365	1,988
Free Cash Flow Growth	8.77%	6.63%	2.62%	18.96%	28.01%
Free Cash Flow Margin	29.35%	27.43%	26.49%	27.65%	27.44%
Free Cash Flow Per Share	1.53	1.38	1.27	1.23	1.02
Cash Interest Paid	274	257	303	169	119
Cash Income Tax Paid	638	662	619	495	342
Levered Free Cash Flow	2,158	1,921	1,707	2,028	1,499
Unlevered Free Cash Flow	2,328	2,097	1,895	2,142	1,577
Change in Working Capital	-63	-146	-115	-74	-208

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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