Haleon plc cash flow statement

In fiscal 2025, Haleon plc's operations generated $3.47bn of cash; it spent $425m on capital projects, leaving free cash flow of $3.05bn.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Haleon plc: cash flow statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	1,805	1,866	2,552	2,612	2,941	3,475
Depreciation and amortisation	—	—	—	384	414	475
Stock-based pay	—	—	19	95	130	113
Capital spending	285	314	376	291	320	425
Free cash flow	1,520	1,553	2,176	2,321	2,621	3,050
Free cash flow after stock pay	—	—	2,158	2,227	2,491	2,937
Share buybacks	—	—	—	47	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Haleon plc's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Haleon plc.