Spotify Results Presentation Deck
Reconciliation of IFRS to non-IFRS results
Free Cash Flow
(Unaudited)
(in € millions)
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
December
31, 2018
Free Cash Flow
(Unaudited)
(in € millions)
150
(65)
(1)
84
Net cash flows from operating activities
Capital expenditures
Change in restricted cash
Free Cash Flow
March 31,
2019
209
(37)
1
173
June 30, September December March 31,
30, 2019 31, 2019
2020
2019
90
(40)
50
September
30, 2019
520
(168)
3
355
71
(26)
3
48
December
31, 2019
573
(135)
2
440
203
(32)
(2
169
March 31,
2020
355
(110)
1
246
(9)
(12)
(21)
June 30,
2020
Three months ended
September December
30, 2020 31, 2020
June 30,
2020
304
(84)
3
223
39
(14)
2
27
September
30, 2020
355
(75)
(2)
278
122
(17)
(2)
103
107
(35)
2
74
259
(78)
2
183
March 31,
2021
Last twelve months ended
December March 31,
31, 2020
2021
333
(90)
2
245
65
(24)
41
June 30,
2021
June 30,
2021
348
(96)
252
54
(20)
34
September
30, 2021
September
30, 2021
June 30, 2022
123
(25)
1
99
Six months ended
349
(104)
3
248
76
(15)
(2)
59
December
31, 2021
119
(16)
103
December
31, 2021
361
(85)
1
277
June 30, 2021
March 31,
2022
37
(10)
(5)
22
March 31,
2022
333
(71)
(4)
258
119
(44)
75
June 30,
2022
39
(5)
3
37
June 30,
2022
318
(56)
(1)
261
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