Cash flow easyJet plc

Equities

EZJ

GB00B7KR2P84

Airlines

Real-time Estimate Cboe Europe Other stock markets 11:23:26 13/05/2026 BST			5-day change	1st Jan Change
351.15 ^GBX	-2.62%		-5.54%	-30.89%

05-08	British Airways owner IAG warns on profit as fuel prices soar	RE
05-08	FTSE 250 rises; IAG warns on fuel prices	AN

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Published financial data: EASYJET PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021	2022	2023	2024	2025
Revenues	1B	3.82B	5.22B	5.72B	6.07B
Other Revenues, Total	458M	1.95B	2.95B	3.59B	4.03B
Total Revenues	1.46B	5.77B	8.17B	9.31B	10.11B
Cost of Goods Sold, Total	1.64B	4.4B	5.54B	6.14B	6.6B
Gross Profit	-183M	1.36B	2.63B	3.17B	3.51B
Selling General & Admin Expenses, Total	60M	173M	232M	257M	273M
Depreciation & Amortization - (IS)	456M	539M	644M	727M	679M
Amortization of Goodwill and Intangible Assets - (IS)	24M	25M	29M	43M	64M
Other Operating Expenses	283M	637M	1.28B	1.55B	1.79B
Other Operating Expenses, Total	823M	1.37B	2.18B	2.57B	2.81B
Operating Income	-1.01B	-9M	454M	597M	703M
Interest Expense, Total	-117M	-143M	-179M	-130M	-157M
Interest And Investment Income	-	21M	132M	141M	130M
Net Interest Expenses	-117M	-122M	-47M	11M	-27M
Currency Exchange Gains (Loss)	10M	-64M	27M	4M	-12M
Other Non Operating Income (Expenses)	-1M	-	-	-	-
EBT, Excl. Unusual Items	-1.11B	-195M	434M	612M	664M
Restructuring Charges	61M	10M	-1M	-9M	-7M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	35M	-28M	0	1M	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-18M	5M	-1M	-2M	1M
EBT, Incl. Unusual Items	-1.04B	-208M	432M	602M	658M
Income Tax Expense	-178M	-39M	108M	150M	164M
Earnings From Continuing Operations	-858M	-169M	324M	452M	494M
Net Income to Company	-858M	-169M	324M	452M	494M
Net Income - (IS)	-858M	-169M	324M	452M	494M
Net Income to Common Incl Extra Items	-858M	-169M	324M	452M	494M
Net Income to Common Excl. Extra Items	-858M	-169M	324M	452M	494M
Per Share Items
Net EPS - Basic	-1.59	-0.22	0.43	0.6	0.66
Basic EPS - Continuing Operations	-1.59	-0.22	0.43	0.6	0.66
Basic Weighted Average Shares Outstanding	539M	753M	751M	749M	751M
Net EPS - Diluted	-1.59	-0.22	0.43	0.6	0.65
Diluted EPS - Continuing Operations	-1.59	-0.22	0.43	0.6	0.65
Diluted Weighted Average Shares Outstanding	539M	753M	758M	759M	764M
Normalized Basic EPS	-1.29	-0.16	0.36	0.51	0.55
Normalized Diluted EPS	-1.29	-0.16	0.36	0.5	0.54
Dividend Per Share	-	-	0.04	0.12	0.13
Payout Ratio	-	-	-	7.52	18.42
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	-772M	255M	725M	874M	1.01B
EBITA	-1.01B	-9M	454M	597M	703M
EBIT	-1.01B	-9M	454M	597M	703M
EBITDAR	-767M	312M	748M	879M	1.03B
Total Revenues (As Reported)	1.46B	5.77B	8.17B	9.31B	10.11B
Effective Tax Rate - (Ratio)	17.18	18.75	25	24.92	24.92
Current Domestic Taxes	5M	-	-	-	-
Current Foreign Taxes	4M	7M	11M	13M	14M
Total Current Taxes	9M	7M	11M	13M	14M
Total Deferred Taxes	-187M	-46M	97M	137M	150M
Normalized Net Income	-696M	-122M	271M	382M	415M
Interest on Long-Term Debt	42M	43M	46M	50M	58M
Non-Cash Pension Expense	-1M	-1M	0	-1M	0
Supplemental Operating Expense Items
Selling and Marketing Expenses	60M	173M	232M	257M	273M
Net Rental Expense, Total	5M	57M	23M	5M	21M
Imputed Operating Lease Interest Expense	1.18M	14.84M	9.13M	1.67M	8.45M
Imputed Operating Lease Depreciation	3.82M	42.16M	13.87M	3.33M	12.55M
Maintenance & Repair Expenses, Total	293M	301M	341M	390M	451M
Stock-Based Comp., Other (Total)	16M	26M	18M	30M	38M
Total Stock-Based Compensation	16M	26M	18M	30M	38M

Fiscal Period: September	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	3.54B	3.51B	2.92B	1.34B	1.5B
Short Term Investments	-	126M	-	2.12B	2.02B
Total Cash And Short Term Investments	3.54B	3.64B	2.92B	3.46B	3.53B
Accounts Receivable, Total	44M	77M	110M	135M	130M
Other Receivables	154M	166M	189M	291M	315M
Total Receivables	198M	243M	299M	426M	445M
Prepaid Expenses	93M	124M	44M	57M	85M
Restricted Cash	13M	4M	-	-	-
Other Current Assets, Total	325M	918M	862M	601M	567M
Total Current Assets	4.16B	4.93B	4.13B	4.54B	4.62B
Gross Property Plant And Equipment	7.28B	7.56B	8.22B	9.03B	7.77B
Accumulated Depreciation	-2.55B	-2.93B	-3.35B	-3.56B	-1.96B
Net Property Plant And Equipment	4.74B	4.63B	4.86B	5.48B	5.81B
Long-term Investments	83M	73M	41M	51M	79M
Goodwill	365M	365M	365M	387M	387M
Other Intangibles, Total	217M	217M	276M	406M	384M
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	39M	62M	-	-	-
Other Long-Term Assets, Total	169M	179M	165M	171M	226M
Total Assets	9.77B	10.45B	9.84B	11.04B	11.51B
Liabilities
Accounts Payable, Total	217M	431M	402M	357M	366M
Accrued Expenses, Total	581M	1.02B	1.15B	1.14B	1.14B
Short-term Borrowings	300M	-	-	-	-
Current Portion of Long-Term Debt	-	437M	445M	442M	6M
Current Portion of Leases	189M	247M	217M	227M	251M
Current Income Taxes Payable	2M	5M	3M	9M	11M
Unearned Revenue Current, Total	844M	1.04B	1.5B	1.74B	1.94B
Other Current Liabilities	544M	495M	431M	564M	433M
Total Current Liabilities	2.68B	3.68B	4.14B	4.47B	4.15B
Long-Term Debt	3.1B	2.76B	1.47B	1.7B	1.88B
Long-Term Leases	890M	866M	772M	947M	794M
Unearned Revenue Non Current	6M	5M	7M	4M	5M
Pension & Other Post Retirement Benefits	37M	1M	7M	17M	20M
Deferred Tax Liability Non Current	-	-	22M	70M	258M
Other Non Current Liabilities	424M	611M	632M	854M	905M
Total Liabilities	7.13B	7.92B	7.05B	8.06B	8.01B
Common Stock, Total	207M	207M	207M	207M	207M
Additional Paid In Capital	2.17B	2.17B	2.17B	2.17B	2.17B
Retained Earnings	111M	-9M	231M	673M	1.08B
Comprehensive Income and Other	155M	169M	183M	-73M	48M
Total Common Equity	2.64B	2.53B	2.79B	2.97B	3.5B
Total Equity	2.64B	2.53B	2.79B	2.97B	3.5B
Total Liabilities And Equity	9.77B	10.45B	9.84B	11.04B	11.51B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	756M	755M	753M	751M	748M
ECS Total Common Shares Outstanding	756M	755M	753M	751M	746M
Book Value / Share	3.49	3.35	3.7	3.96	4.69
Tangible Book Value	2.06B	1.95B	2.15B	2.18B	2.73B
Tangible Book Value Per Share	2.72	2.58	2.85	2.9	3.65
Total Debt	4.48B	4.31B	2.9B	3.32B	2.93B
Net Debt	943M	670M	-21M	-146M	-602M
Debt Equivalent of Unfunded Proj. Benefit Obligation	37M	1M	7M	17M	20M
Debt Equivalent Oper. Leases	40M	456M	184M	40M	168M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	44M	44M	44M	44M	44M
Machinery, Total	4.8B	4.99B	5.4B	5.84B	6.62B
Full Time Employees	13K	14.44K	16.7K	17.8K	19.22K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1M	8M	5M	7M	6M

Fiscal Period: September	2021	2022	2023	2024	2025
Net Income	-858M	-169M	324M	452M	494M
Depreciation & Amortization - CF	456M	539M	644M	727M	679M
Depreciation & Amortization, Total	456M	539M	644M	727M	679M
Amortization of Deferred Charges, Total - (CF)	24M	25M	29M	43M	64M
(Gain) Loss From Sale Of Asset	-35M	38M	17M	18M	19M
Asset Writedown & Restructuring Costs	-	-	-	-	6M
Stock-Based Compensation (CF)	16M	26M	18M	30M	38M
Other Operating Activities, Total	-332M	26M	171M	153M	49M
Change In Accounts Receivable	-8M	-151M	-16M	-130M	-53M
Change In Accounts Payable	-187M	258M	120M	-45M	-18M
Change in Unearned Revenues	231M	197M	458M	240M	209M
Change in Other Net Operating Assets	-342M	-13M	-214M	11M	229M
Cash from Operations	-1.04B	776M	1.55B	1.5B	1.72B
Capital Expenditure	-140M	-501M	-677M	-811M	-912M
Sale of Property, Plant, and Equipment	-	-	-	9M	4M
Cash Acquisitions	-	-	-	-22M	-
Sale (Purchase) of Intangible assets	-9M	-29M	-77M	-118M	-89M
Investment in Marketable and Equity Securities, Total	32M	-126M	126M	-2.12B	151M
Other Investing Activities, Total	836M	87M	76M	114M	-26M
Cash from Investing	719M	-569M	-552M	-2.95B	-872M
Long-Term Debt Issued, Total	1.8B	-	-	718M	104M
Total Debt Issued	1.8B	-	-	718M	104M
Long-Term Debt Repaid, Total	-1.31B	-583M	-1.41B	-656M	-649M
Total Debt Repaid	-1.31B	-583M	-1.41B	-656M	-649M
Issuance of Common Stock	1.14B	91M	-	-	-
Repurchase of Common Stock	-6M	-9M	-15M	-18M	-48M
Common Dividends Paid	-	-	-	-34M	-91M
Common & Preferred Stock Dividends Paid	-	-	-	-34M	-91M
Other Financing Activities, Total	5M	-31M	5M	-9M	-21M
Cash from Financing	1.64B	-532M	-1.42B	1M	-705M
Foreign Exchange Rate Adjustments	-73M	303M	-168M	-136M	22M
Net Change in Cash	1.25B	-22M	-589M	-1.58B	161M
Supplemental Items
Cash Interest Paid	282M	130M	162M	101M	140M
Cash Income Tax Paid (Refund)	-1M	4M	12M	8M	12M
Levered Free Cash Flow	-1.16B	111M	623M	604M	201M
Unlevered Free Cash Flow	-1.09B	200M	735M	685M	299M
Change In Net Working Capital	809M	-146M	-514M	-441M	-80M
Net Debt Issued / Repaid	498M	-583M	-1.41B	62M	-545M

Fiscal Period: September	2021	2022	2023	2024	2025
Profitability
Return on Assets	-6.89	-0.06	2.8	3.57	3.9
Return on Total Capital	-10.09	-0.08	4.53	6.23	6.91
Return On Equity %	-37.81	-6.54	12.18	15.69	15.27
Return on Common Equity	-37.81	-6.54	12.18	15.69	15.27
Margin Analysis
Gross Profit Margin %	-12.55	23.66	32.24	34.05	34.73
SG&A Margin	4.12	3	2.84	2.76	2.7
EBITDA Margin %	-52.95	4.42	8.87	9.39	9.95
EBITA Margin %	-69	-0.16	5.56	6.41	6.96
EBIT Margin %	-69	-0.16	5.56	6.41	6.96
Income From Continuing Operations Margin %	-58.85	-2.93	3.97	4.86	4.89
Net Income Margin %	-58.85	-2.93	3.97	4.86	4.89
Net Avail. For Common Margin %	-58.85	-2.93	3.97	4.86	4.89
Normalized Net Income Margin	-47.75	-2.11	3.32	4.11	4.11
Levered Free Cash Flow Margin	-79.83	1.92	7.62	6.49	1.99
Unlevered Free Cash Flow Margin	-74.81	3.47	8.99	7.36	2.96
Asset Turnover
Asset Turnover	0.16	0.57	0.81	0.89	0.9
Fixed Assets Turnover	0.3	1.23	1.72	1.8	1.79
Receivables Turnover (Average Receivables)	32.26	63.07	55.84	46.65	45.83
Short Term Liquidity
Current Ratio	1.56	1.34	1	1.02	1.11
Quick Ratio	1.39	1.06	0.78	0.87	0.96
Operating Cash Flow to Current Liabilities	-0.39	0.21	0.37	0.34	0.41
Days Sales Outstanding (Average Receivables)	11.32	5.79	6.54	7.84	7.96
Average Days Payable Outstanding	60.05	26.85	27.46	22.63	20
Long Term Solvency
Total Debt/Equity	169.72	170.15	104.2	111.5	83.65
Total Debt / Total Capital	62.92	62.98	51.03	52.72	45.55
LT Debt/Equity	151.19	143.15	80.44	89	76.3
Long-Term Debt / Total Capital	56.06	52.99	39.4	42.08	41.55
Total Liabilities / Total Assets	73	75.77	71.68	73.06	69.6
EBIT / Interest Expense	-8.6	-0.06	2.54	4.59	4.48
EBITDA / Interest Expense	-4.7	3.71	6.13	10.18	8.8
(EBITDA - Capex) / Interest Expense	-5.9	0.2	2.35	3.95	2.99
Total Debt / EBITDA	-8.14	8.13	2.64	2.5	2.12
Net Debt / EBITDA	-1.71	1.26	-0.02	-0.11	-0.44
Total Debt / (EBITDA - Capex)	-6.49	148.62	6.9	6.46	6.23
Net Debt / (EBITDA - Capex)	-1.37	23.1	-0.05	-0.28	-1.28
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-51.55	295.68	41.64	13.93	8.56
Gross Profit, 1 Yr. Growth %	-177.54	-845.9	60.81	20.35	10.73
EBITDA, 1 Yr. Growth %	57.23	-133.03	181.01	20.55	15.1
EBITA, 1 Yr. Growth %	34.67	-99.11	-7.67K	31.5	17.76
EBIT, 1 Yr. Growth %	34.67	-99.11	-7.67K	31.5	17.76
Earnings From Cont. Operations, 1 Yr. Growth %	-20.48	-80.3	-291.72	39.51	9.29
Net Income, 1 Yr. Growth %	-20.48	-80.3	-291.72	39.51	9.29
Normalized Net Income, 1 Yr. Growth %	36.52	-82.5	-326.04	41.01	8.5
Diluted EPS Before Extra, 1 Yr. Growth %	-39.96	-85.9	-290.26	39.58	8.56
Accounts Receivable, 1 Yr. Growth %	144.44	75	42.86	22.73	-3.7
Net Property, Plant and Equip., 1 Yr. Growth %	-6.29	-2.24	5.08	12.56	6.05
Total Assets, 1 Yr. Growth %	15.34	6.97	-5.86	12.13	4.28
Tangible Book Value, 1 Yr. Growth %	57.99	-5.15	9.99	1.58	25.09
Common Equity, 1 Yr. Growth %	38.97	-4.02	10.03	6.67	17.66
Cash From Operations, 1 Yr. Growth %	76.02	-174.98	99.87	-3.35	14.48
Capital Expenditures, 1 Yr. Growth %	-78.76	257.86	35.13	19.79	12.45
Levered Free Cash Flow, 1 Yr. Growth %	415.56	-109.54	264.52	-3.05	-66.67
Unlevered Free Cash Flow, 1 Yr. Growth %	509.78	-118.37	182.32	-6.75	-56.3
Dividend Per Share, 1 Yr. Growth %	-	-	-	168.89	9.09
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-52.21	38.46	136.73	27.03	11.21
Gross Profit, 2 Yr. CAGR %	-65.63	140.5	279.39	39.11	15.44
EBITDA, 2 Yr. CAGR %	4.79	-27.93	-3.09	84.05	17.8
EBITA, 2 Yr. CAGR %	46.93	-89.02	-32.82	897.5	24.44
EBIT, 2 Yr. CAGR %	46.93	-89.02	-32.82	897.5	24.44
Earnings From Cont. Operations, 2 Yr. CAGR %	56.79	-60.42	-38.55	63.54	23.48
Net Income, 2 Yr. CAGR %	56.79	-60.42	-38.55	63.54	23.48
Normalized Net Income, 2 Yr. CAGR %	61.33	-51.12	-37.58	78.54	23.69
Diluted EPS Before Extra, 2 Yr. CAGR %	34.65	-70.9	-48.21	62.96	23.09
Accounts Receivable, 2 Yr. CAGR %	-25.37	106.83	58.11	32.41	8.71
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.23	-4.29	1.35	8.75	9.26
Total Assets, 2 Yr. CAGR %	9.42	11.08	0.35	2.74	8.13
Tangible Book Value, 2 Yr. CAGR %	-7.88	22.41	2.14	5.71	12.73
Common Equity, 2 Yr. CAGR %	-5.97	15.49	2.77	8.34	12.03
Cash From Operations, 2 Yr. CAGR %	2.04	14.88	22.42	38.99	5.18
Capital Expenditures, 2 Yr. CAGR %	-61.69	-12.81	119.9	27.23	16.07
Levered Free Cash Flow, 2 Yr. CAGR %	108.1	-29.88	-26.84	87.99	-43.16
Unlevered Free Cash Flow, 2 Yr. CAGR %	88.72	5.84	-17.93	62.25	-36.17
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	71.27
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-37.24	-3.33	39.51	85.52	20.55
Gross Profit, 3 Yr. CAGR %	-49.68	-4.13	123.48	158.74	28.92
EBITDA, 3 Yr. CAGR %	-0.68	-28.68	13.87	4.22	57.4
EBITA, 3 Yr. CAGR %	19.53	-73.17	-15.29	-15.97	389.33
EBIT, 3 Yr. CAGR %	19.53	-73.17	-15.29	-15.97	389.33
Earnings From Cont. Operations, 3 Yr. CAGR %	33.82	-21.47	-33.04	-19.24	42.98
Net Income, 3 Yr. CAGR %	33.82	-21.47	-33.04	-19.24	42.98
Normalized Net Income, 3 Yr. CAGR %	24.95	-23.05	-18.98	-18.1	51.22
Diluted EPS Before Extra, 3 Yr. CAGR %	20.85	-36.54	-45.59	-27.93	42.32
Accounts Receivable, 3 Yr. CAGR %	-26.54	-0.85	82.83	45.31	19.07
Net Property, Plant and Equip., 3 Yr. CAGR %	4.58	-3.57	-1.26	4.96	7.84
Total Assets, 3 Yr. CAGR %	11.8	8.6	5.12	4.13	3.25
Tangible Book Value, 3 Yr. CAGR %	-8.52	-6.98	18.12	1.95	11.81
Common Equity, 3 Yr. CAGR %	-6.54	-5.33	13.64	4.05	11.36
Cash From Operations, 3 Yr. CAGR %	-2.68	-7.92	38.17	13.14	30.28
Capital Expenditures, 3 Yr. CAGR %	-46.82	-19.32	0.9	79.6	22.1
Levered Free Cash Flow, 3 Yr. CAGR %	64.26	-25.53	40.26	-19.64	5.61
Unlevered Free Cash Flow, 3 Yr. CAGR %	64.76	-13.19	60.15	-14.36	4.78
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-20.77	2.71	6.74	7.83	27.42
Gross Profit, 5 Yr. CAGR %	-29.81	4.11	12.9	15.4	71.58
EBITDA, 5 Yr. CAGR %	3.06	-16.09	-1.65	4.45	15.43
EBITA, 5 Yr. CAGR %	14.69	-53.89	-5.07	5.08	-1.21
EBIT, 5 Yr. CAGR %	14.69	-53.89	-5.07	5.08	-1.21
Earnings From Cont. Operations, 5 Yr. CAGR %	14.45	-11.14	-1.98	5.31	-14.47
Net Income, 5 Yr. CAGR %	14.45	-11.14	-1.98	5.31	-14.47
Normalized Net Income, 5 Yr. CAGR %	17.19	-13.85	-5.34	7.41	-4.04
Diluted EPS Before Extra, 5 Yr. CAGR %	7.65	-21.81	-13.89	-7.46	-24.58
Accounts Receivable, 5 Yr. CAGR %	-7.51	-4.32	-0.18	11.31	48.5
Net Property, Plant and Equip., 5 Yr. CAGR %	9.76	7.5	3.28	1.18	2.82
Total Assets, 5 Yr. CAGR %	12.25	11.85	7.07	6.21	6.31
Tangible Book Value, 5 Yr. CAGR %	-1.13	-2.88	-4.4	-2.1	15.94
Common Equity, 5 Yr. CAGR %	-0.41	-2	-2.93	-0.08	12.99
Cash From Operations, 5 Yr. CAGR %	11.3	-2.42	6.67	8.56	23.89
Capital Expenditures, 5 Yr. CAGR %	-23.91	-3.09	-6.17	-3.2	6.71
Levered Free Cash Flow, 5 Yr. CAGR %	28.57	6.28	18.85	17.58	-2.27
Unlevered Free Cash Flow, 5 Yr. CAGR %	27.55	14.91	24.68	17.47	10.85
Dividend Per Share, 5 Yr. CAGR %	-	-	-40.15	-22.72	-