| GBP millions | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 274.0 | 290.0 | 182.0 | 280.0 | 491.0 | 385.0 | −21.6% | |
| Depreciation & amortization | 303.0 | 439.0 | 446.0 | 428.0 | 425.0 | 421.0 | −0.9% | |
| Stock-based compensation | 7.0 | 5.0 | 9.0 | 10.0 | 15.0 | (2.0) | −113.3% | |
| Change in working capital | (4.0) | (30.0) | 173.0 | 215.0 | (121.0) | (417.0) | −244.6% | |
| Operating cash flow | 532.0 | 647.0 | 761.0 | 921.0 | 866.0 | 320.0 | −63.0% | |
| Capital expenditure | (303.0) | (376.0) | (331.0) | (431.0) | (545.0) | (547.0) | −0.4% | |
| Acquisitions | (1,484.0) | 492.0 | (66.0) | 28.0 | 19.0 | (108.0) | −668.4% | |
| Investing cash flow | (1,791.0) | 167.0 | (401.0) | (403.0) | (526.0) | (614.0) | −16.7% | |
| Dividends paid | (187.0) | (222.0) | (166.0) | (166.0) | (289.0) | (247.0) | +14.5% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 475.0 | (333.0) | (56.0) | (195.0) | (347.0) | 668.0 | +292.5% | |
| Financing cash flow | 1,248.0 | (562.0) | (142.0) | (483.0) | (728.0) | 352.0 | +148.4% | |
| Free cash flow | 229.0 | 271.0 | 430.0 | 490.0 | 321.0 | (227.0) | −170.7% | |
| Net change in cash | (15.0) | 27.0 | (24.0) | 91.0 | (3.0) | 42.0 | +1500.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
