Unilever PLC (UL) quarterly cash flow statement — complete operating, investing & financing history
Unilever PLC (UL) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'26 | 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 |
|---|
| Cash from Operations | 2.3B | 6.23B | 2.29B | 6.16B | 3.36B | 6.06B | 3.37B | 4.23B | 3.05B | 4.93B | 3.04B | 5.53B | 3.53B | 5.72B | 2.39B | 4.63B | 2.69B | 5.11B | 2.19B | 5.23B |
| Operating CF Margin % | 8.98% | 30.81% | 7.59% | 20.76% | 10.81% | 20.77% | 11.06% | 13.9% | 10.29% | 18.49% | 11.8% | 22.11% | 13.72% | 22.11% | 9.16% | 18.79% | 10.21% | 19.65% | 7.88% | 19.78% |
| Operating CF Growth % | 0.65% | 1.24% | -32.02% | 1.57% | -0.06% | 43.16% | 10.4% | -14.1% | 0.16% | -10.89% | -13.72% | -3.27% | 47.49% | 23.53% | -11.08% | -9.38% | 23.11% | -2.31% | 20.12% | 2.83% |
| Net Income | 3.08B | 2.14B | 3.51B | 2.04B | 3.7B | 2.94B | 3.55B | 4.74B | 2.9B | 2.93B | 3.12B | 2.3B | 3.28B | 2.62B | 3.01B | 6.34B | 3.03B | 2.94B | 3.11B | 2.67B |
| Depreciation & Amortization | 644.55M | 503.25M | 795M | 963M | 794M | 637M | 753M | 667M | 842M | 681M | 860M | 752M | 987M | 703M | 965M | 712M | 1.01B | 451M | 763M | 492M |
| Stock-Based Compensation | 0 | 0 | 162M | 160M | 164M | 53M | 159M | 84M | 93M | 79M | 82M | 34M | 74M | 56M | 95M | 81M | 115M | 126M | 158M | 93M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -171.34M | 917.4M | 974M | 799M | 1.3B | -8M | 35M | 879M | 325M | 772M | 214M | 694M | 398M | 583M | 214M | -2.43B | 232M | 761M | -410M | 85M |
| Working Capital Changes | -1.26B | 2.67B | -3.16B | 2.19B | -2.59B | 2.44B | -1.13B | -2.13B | -1.12B | 468M | -1.23B | 1.75B | -1.22B | 1.76B | -1.89B | -72M | -1.7B | 826M | -1.44B | 1.89B |
| Change in Receivables | -2.6B | -441.24M | -2.32B | 1.95B | -2.16B | 768M | -1.23B | -1.85B | 0 | -307M | 0 | 1.13B | 0 | -445M | 0 | -1.3B | 0 | -506M | 0 | 142M |
| Change in Inventory | -422.22M | 495.4M | -833M | 237M | -435M | 340M | 100M | -1.4B | 0 | -458M | 0 | -587M | 0 | 313M | 0 | -471M | 0 | -104M | 0 | 190M |
| Change in Payables | 1.76B | 2.61B | 0 | 0 | 471.07M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -957.65M | -2.91B | -648M | -233M | -392M | -2.09B | -200M | 2.88B | -432M | -2.68B | -570M | -900M | -581M | -1.52B | -716M | 6.08B | -1.44B | -5.42B | -460M | -2.54B |
| Capital Expenditures | -623.14M | -882.98M | -701M | -1.12B | -617M | -1.02B | -478M | -863M | -593M | -722M | -386M | -441M | -422M | -758M | -558M | -834M | -495M | -837M | -672M | -1.04B |
| CapEx % of Revenue | 2.43% | 4.37% | 2.33% | 3.78% | 1.98% | 3.51% | 1.57% | 2.83% | 2% | 2.71% | 1.5% | 1.76% | 1.64% | 2.93% | 2.14% | 3.39% | 1.88% | 3.22% | 2.42% | 3.95% |
| Acquisitions | -661.89M | -1.18B | -458M | 2M | -797M | -1.06B | -67M | -981M | 2M | -1.86B | -275M | -803M | -623M | -652M | -470M | -301M | -1.03B | -4.9B | 0 | -1.64B |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 379.39M | -828.33M | 511M | 886M | 1.13B | -14M | 345M | 4.73B | 159M | -98M | 91M | 344M | 464M | -111M | 312M | 7.22B | 89M | 314M | 212M | 140M |
| Cash from Financing | -606.82M | -3.68B | -2.94B | -4.79B | -2.15B | -4.7B | -2.49B | -7.97B | -924M | -3B | -4.1B | -3.72B | -2.09B | -3.81B | -856M | -11.43B | -679M | -1.57B | 138M | -2.56B |
| Debt Issued (Net) | 3.34B | -3.63B | -550M | 0 | 528M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -1.54B | -95.19M | -1.51B | -1.13B | -375M | -754M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -2.07B | -2.34B | -2.23B | -2.18B | -2.15B | -2.12B | -2.25B | -2.15B | -2.18B | -2.21B | -2.28B | -2.16B | -2.12B | -2.13B | -2.08B | -2.03B | -2.03B | -2B | -1.91B | -1.84B |
| Share Repurchases | -1.54B | -95.19M | -1.51B | -1.13B | -375M | -754M | -753M | -861M | -648M | -2.17B | -845M | 0 | 0 | 0 | -205M | -3.77B | -2.51B | -3.95B | -1.27B | 0 |
| Other Financing | -340.63M | 2.39B | 1.35B | -1.47B | -152.41M | -1.83B | -243.59M | -5.82B | 1.25B | -796M | -1.82B | -1.56B | 32M | -1.68B | 1.22B | -9.4B | 1.35B | 434M | 2.05B | -714M |
| Net Change in Cash | 677.34M | -400.61M | 4.27B | -4.85B | 4.85B | -830.58M | 649.95M | -1.07B | 2B | -772M | -1.37B | 693M | 700.09M | 379.51M | 739.6M | -360.5M | 321M | -845.5M | 831M | 130.5M |
| Free Cash Flow | 1.76B | 5.48B | 1.59B | 5.03B | 2.75B | 5.11B | 2.89B | 3.37B | 2.46B | 4.21B | 2.66B | 5.09B | 3.11B | 4.96B | 1.83B | 3.79B | 2.19B | 4.27B | 1.51B | 4.18B |
| FCF Margin % | 6.87% | 27.08% | 5.26% | 16.98% | 8.83% | 17.5% | 9.49% | 11.07% | 8.29% | 15.78% | 10.31% | 20.35% | 12.08% | 19.18% | 7.02% | 15.4% | 8.33% | 16.43% | 5.46% | 15.83% |
| FCF Growth % | 10.92% | 8.79% | -42.26% | -1.41% | -4.88% | 51.51% | 17.59% | -19.88% | -7.6% | -17.35% | -14.42% | 2.62% | 69.36% | 30.71% | -16.45% | -11.15% | 45.08% | 2.08% | 42.74% | 3% |
| FCF per Share | 0.81 | 2.49 | 0.64 | 2.01 | 1.09 | 2.02 | 1.14 | 1.32 | 0.96 | 1.62 | 1.01 | 1.93 | 1.18 | 1.89 | 0.70 | 1.43 | 0.80 | 1.53 | 0.53 | 1.47 |
| FCF Conversion (FCF/Net Income) | 0.69x | 2.43x | 0.65x | 3.01x | 0.91x | 2.06x | 0.95x | 0.89x | 1.05x | 1.68x | 0.98x | 2.41x | 1.07x | 2.18x | 0.80x | 0.73x | 0.89x | 1.74x | 0.70x | 1.96x |
| Interest Paid | 0 | 0 | 709M | 394M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |