Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow (FCF).

WTB Free Cash Flow Analysis

Free cash flow, a measure commonly used by analysts to assess a company's profitability, represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

The Free Cash Flow is calculated using a number of methods including using Operating Cash Flow. Following is the formula to calculate Free Cash Flow based on Operating Cash Flow.

Free Cash Flow = Operating Cash Flow - Capital Expenditures

Using above formula to calculate Free Cash Flow for Whitbread plc (WTB), the free cash flow value is 308.30M.

All amounts in GBP

Operating Cash
Capital Expenditure
Free Cash Flow

Whitbread plc has a positive free cash flow as per the latest annual Cash flow statement released by the company. Positive free cash flow is cruscial for the financial health of a company, which can be used to pay dividends, expand operations, and deleverage its balance sheet (i.e., reduce debt).

WTB Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for Whitbread plc (LSE:WTB).

03 Mar 2022 25 Feb 2021 27 Feb 2020 28 Feb 2019
Net Income 42.5M -906.5M 217.9M 3.73B
Depreciation 326.9M 276.6M 249M 306.6M
Change To Netincome -43.2M 315M -188.5M -3.49B
Change To Account Receivables -45.4M 27.8M -4.1M -57.6M
Change To Liabilities 235.2M -129.1M -60.8M 54.9M
Change To Inventory -7.3M 1.5M 900k -2.1M
Total Cash From Operating Activities 508.7M -391.1M 234.2M 603.2M
Capital Expenditures -200.4M -217.4M -372.7M -479.6M
Investments -1.4M -1.3M -1.3M -6.9M
Other Cashflows From Investing Activities -1.8M -1.8M -2M 3.81B
Total Cashflows From Investing Activities -204.6M -228M -575.8M 3.26B
Net Borrowings -431M 400M -73.1M -203.1M
Other Cashflows From Financing Activities 2M -41M 1M 1M
Total Cash From Financing Activities -427.1M 1.37B -2.55B -551.9M
Effect Of Exchange Rate -600k 1.4M -8.1M -300k
Change In Cash -123.6M 753.4M -2.9B 3.31B
Issuance Of Stock 1.9M 1.01B 9.5M 8.5M