Sappi Cash Flow Statement

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Oct '23 Oct 1, 2023	Oct '22 Oct 2, 2022	Sep '21 Sep 26, 2021	2016 - 2020
Net Income	-177	33	259	536	13	Upgrade
Depreciation & Amortization	303	278	299	301	329	Upgrade
Loss (Gain) From Sale of Assets	14	-7	-183	205	-5	Upgrade
Asset Writedown & Restructuring Costs	107	-205	182	19	26	Upgrade
Loss (Gain) From Sale of Investments	-	-	-	-3	-	Upgrade
Stock-Based Compensation	7	6	6	7	8	Upgrade
Other Operating Activities	8	74	-51	87	-3	Upgrade
Change in Accounts Receivable	98	-90	370	-381	-110	Upgrade
Change in Inventory	24	-29	156	-174	-147	Upgrade
Change in Accounts Payable	-211	148	-348	285	296	Upgrade
Operating Cash Flow	173	208	690	882	407	Upgrade
Operating Cash Flow Growth	-16.83%	-69.86%	-21.77%	116.71%	56.54%	Upgrade
Capital Expenditures	-496	-458	-382	-368	-374	Upgrade
Sale of Property, Plant & Equipment	48	49	16	2	4	Upgrade
Divestitures	-	2	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-5	-15	-26	-14	-	Upgrade
Investment in Securities	-	-2	-1	-1	-	Upgrade
Other Investing Activities	-4	-6	-2	5	-8	Upgrade
Investing Cash Flow	-457	-430	-395	-376	-378	Upgrade
Long-Term Debt Issued	661	297	41	46	690	Upgrade
Long-Term Debt Repaid	-398	-293	-435	-89	-657	Upgrade
Net Debt Issued (Repaid)	263	4	-394	-43	33	Upgrade
Repurchase of Common Stock	-	-	-22	-	-	Upgrade
Common Dividends Paid	-85	-84	-85	-	-	Upgrade
Financing Cash Flow	178	-80	-501	-43	33	Upgrade
Foreign Exchange Rate Adjustments	8	18	27	-49	25	Upgrade
Net Cash Flow	-98	-284	-179	414	87	Upgrade
Free Cash Flow	-323	-250	308	514	33	Upgrade
Free Cash Flow Growth	-	-	-40.08%	1457.58%	-	Upgrade
Free Cash Flow Margin	-5.96%	-4.58%	5.30%	7.04%	0.63%	Upgrade
Free Cash Flow Per Share	-0.53	-0.42	0.51	0.85	0.06	Upgrade
Cash Interest Paid	100	69	121	96	110	Upgrade
Cash Income Tax Paid	90	50	56	23	2	Upgrade
Levered Free Cash Flow	-305.25	-202.88	389.25	70.25	50.13	Upgrade
Unlevered Free Cash Flow	-237.13	-140.38	451.13	135.88	117	Upgrade
Change in Working Capital	-89	29	178	-270	39	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.