RELX Plc (RELX) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 | Q4'16 | Q2'16 |
|---|
| Cash from Operations | 1.49B | 1.41B | 1.35B | 1.26B | 1.29B | 1.19B | 1.31B | 1.12B | 968M | 1.07B | 837M | 790M | 1.12B | 981M | 1.08B | 903M | 1.01B | 903M | 968M | 714M |
| Operating CF Margin % | 30.91% | 29.82% | 28.15% | 27.13% | 27.61% | 26.47% | 28.69% | 28.19% | 25.14% | 31.47% | 23.19% | 22.56% | 28% | 25.23% | 28.18% | 24.72% | 27.8% | 24.38% | 26.61% | 21.92% |
| Operating CF Growth % | 10.44% | 12.31% | 4.82% | 5.71% | -2.13% | 6.43% | 35.85% | 4.78% | 15.65% | 35.19% | -25% | -19.47% | 3.14% | 8.64% | 7.02% | 0% | 4.44% | 26.47% | 23.63% | 14.42% |
| Net Income | 1.08B | 1.27B | 949M | 985M | 907M | 874M | 873M | 761M | 807M | 664M | 676M | 548M | 726M | 779M | 744M | 678M | 966M | 691M | 603M | 558M |
| Depreciation & Amortization | 370.7M | 491.45M | 394M | 389M | 401M | 355M | 448M | 337M | 374M | 350M | 475M | 368M | 350M | 333M | 218M | 309M | 201M | 355M | 222M | 273M |
| Stock-Based Compensation | 0 | 34M | 32M | 34M | 28M | 28M | 21M | 25M | 18M | 27M | 16M | 9M | 20M | 12M | 20M | 21M | 19M | 20M | 20M | 18M |
| Deferred Taxes | 0 | 0 | 0 | 0 | -904M | -738M | -917M | -699M | -766M | -727M | -966M | -745M | -720M | 0 | 76M | 0 | -58M | 0 | 150M | 0 |
| Other Non-Cash Items | 82.1M | 1.41B | 8M | -37M | 821M | 747M | 957M | 702M | 736M | 701M | 772M | 588M | 742M | -94M | 133M | -42M | -311M | -66M | 200M | -42M |
| Working Capital Changes | -45.29M | -23.34M | -34M | -112M | -40M | -75M | -67M | -7M | -201M | 53M | -136M | 22M | -2M | -49M | -33M | -63M | 136M | -97M | -77M | -93M |
| Change in Receivables | 0 | 0 | 0 | 0 | -24M | 0 | -251M | 0 | -103M | 0 | 149M | 0 | -116M | 0 | -89M | 0 | 37M | 0 | -146M | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | -90M | 0 | -103M | 0 | -73M | 0 | -18M | 0 | -14M | 0 | -7M | 0 | 2M | 0 | -24M | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | -1M | 0 | 280M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.25M | 0 | 15.5M | 0 | 12.25M | 0 |
| Cash from Investing | -313.84M | -506M | -337M | -238M | -249M | -341M | -348M | -545M | -399M | -5M | -326M | -878M | -341M | -394M | -452M | -819M | -247M | -168M | -491M | -177M |
| Capital Expenditures | -276.36M | -12M | -12M | -8M | -250M | -227M | -244M | -192M | -187M | -150M | -194M | -168M | -209M | -21M | -35M | -21M | -32M | -19M | -37M | -14M |
| CapEx % of Revenue | 5.73% | 0.25% | 0.25% | 0.17% | 5.36% | 5.05% | 5.32% | 4.84% | 4.86% | 4.42% | 5.38% | 4.8% | 5.24% | 0.54% | 0.91% | 0.57% | 0.88% | 0.51% | 1.02% | 0.43% |
| Acquisitions | -17.87M | -240M | -115M | -14M | 7M | -112M | -42M | -349M | -204M | 145M | -125M | -710M | -100M | -249M | -244M | -691M | -112M | -17M | -316M | -44M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -243M | -210M | -212M | -210M | -205M | -258M | -171M | -149M | 47M | -5M | -136M | -24M | -124M | -173M | -107M | -103M | -132M | -138M | -119M |
| Cash from Financing | -1.25B | -811M | -1.03B | -1.03B | -979M | -1.08B | -742M | -591M | -522M | -1.08B | -613M | 139M | -750M | -585M | -622M | -91M | -812M | -732M | -519M | -486M |
| Debt Issued (Net) | -347.27M | 1.52B | -485.39M | -341M | -387M | 277M | -207M | 469M | -203M | -482M | -301M | 989M | -239M | 62M | 0 | 891M | 0 | 472M | 0 | 572M |
| Equity Issued (Net) | -506.37M | -983M | -300M | -775M | -250M | -578M | -200M | -337M | 22.8M | -1M | 0 | -187M | -200M | -437M | -188M | -543M | -207M | -521M | -195M | -523M |
| Dividends Paid | -380.74M | -824M | -339M | -782M | -321M | -738M | -301M | -682M | -286M | -634M | -263M | -617M | -264M | -578M | -248M | -548M | -239M | -523M | -219M | -464M |
| Share Repurchases | -531.75M | -1B | -300M | -775M | -250M | -600M | -200M | -350M | -46M | -1M | -53M | -187M | -200M | -437M | -200M | -543M | -218M | -521M | -206M | -523M |
| Other Financing | -20.02M | -526M | -396M | 868M | -21M | -39M | -34M | -41M | -33M | 33M | -49M | -46M | -47M | 368M | -186M | 109M | -366M | -160M | -105M | -71M |
| Net Change in Cash | -83.82M | 92M | -140M | 140M | 56M | -235M | 232M | -11M | 47M | -22M | -107M | 57M | 20M | 118M | -70.5M | 105M | -131.5M | 160M | -183.25M | 211M |
| Free Cash Flow | 1.48B | 1.4B | 1.34B | 1.25B | 1.04B | 964M | 1.07B | 927M | 781M | 918M | 643M | 622M | 907M | 960M | 1.05B | 882M | 979M | 884M | 931M | 700M |
| FCF Margin % | 30.72% | 29.57% | 27.89% | 26.96% | 22.24% | 21.43% | 23.36% | 23.36% | 20.29% | 27.05% | 17.82% | 17.77% | 22.75% | 24.69% | 27.27% | 24.14% | 26.92% | 23.87% | 25.59% | 21.49% |
| FCF Growth % | 10.73% | 12.07% | 28.93% | 29.77% | -3.17% | 3.99% | 37.13% | 0.98% | 21.46% | 47.59% | -29.11% | -35.21% | -13.37% | 8.84% | 6.95% | -0.23% | 5.16% | 26.29% | 25.47% | 16.67% |
| FCF per Share | 0.81 | 0.76 | 0.73 | 0.66 | 0.55 | 0.50 | 0.56 | 0.48 | 0.40 | 0.47 | 0.33 | 0.32 | 0.47 | 0.49 | 0.53 | 0.44 | 0.48 | 0.43 | 0.45 | 0.33 |
| FCF Conversion (FCF/Net Income) | 1.38x | 1.45x | 1.42x | 1.28x | 1.42x | 1.36x | 1.51x | 1.47x | 1.20x | 1.61x | 1.24x | 1.44x | 1.54x | 1.26x | 1.45x | 1.33x | 1.05x | 1.32x | 1.61x | 1.28x |
| Interest Paid | 0 | 152M | 123M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 99M | 0 | 80M | 0 | 91M | 0 | 59M |
| Taxes Paid | 0 | 300M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |