Spotify Results Presentation Deck
Reconciliation of IFRS to non-IFRS results
Free Cash Flow
(Unaudited)
(in € millions)
Net cash flows from/(used in)
operating activities
Capital expenditures
Change in restricted cash
Free Cash Flow
Free Cash Flow
(Unaudited)
(in € millions)
March 31,
2020
Net cash flows from operating activities
Capital expenditures
Change in restricted cash
Free Cash Flow
Free Cash Flow
(Unaudited)
(in € millions)
Net cash flows from operating activities
Capital expenditures
Change in restricted cash
Free Cash Flow
(9)
(12)
(21)
June 30,
2020
39
(14)
2
27
September December March 31,
30, 2020 31, 2020
2021
December
31, 2020
122
(17)
(2)
103
259
(78)
2
183
March 31,
2021
73
107
(35)
2
333
December 31, 2016
101
(27)
(1)
74
(90)
2
245
65
(24)
June 30,
2021
41
348
(96)
252
June 30,
2021
54
(20)
December 31, 2017
179
(36)
(34)
109
34
September
30, 2021
349
(104)
3
248
Three months ended
September December March 31,
31, 2021
30, 2021
2022
123
(25)
1
99
December
31, 2021
361
(85)
1
277
December 31, 2018
344
(125)
(10)
209
119
(16)
103
333
Last twelve months ended
March 31, June 30,
2022
2022
(71)
(4)
37
(10)
(5)
258
22
June 30,
2022
318
(56)
(1)
261
Twelve months ended
December 31, 2019
573
(135)
2
440
39
(5)
3
37
September
30, 2022
September
30, 2022
235
(36)
(2)
197
40
(5)
35
December
31, 2022
December 31, 2020
December
31, 2022
259
(78)
2
183
46
(25)
21
(70)
(5)
2
(73)
March 31,
2023
March 31,
2023
59
57
68
(17)
5
56
December 31, 2021
361
(85)
1
277
June 30,
2023
June 30,
2023
13
(2)
(2)
9
42
(14)
28
September
30, 2023
211
(1)
6
216
September
30, 2023
213
(10)
6
209
December 31, 2022
46
(25)
21
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