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News (NWSA) Cash Flow Waterfall

Trace News's operating cash flow down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

TTM

Operating CF

$1B

Capex

-$437M

Free Cash Flow

$566M

FCF Margin

+56.4%

Cash flow waterfall for News (NWSA) — TTM through Q1 2026

Free cash flow: $566M

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for News (NWSA) — TTM through Q1 2026

  • Operating Cash Flow$1B
  • Capital Expenditure-$437M
  • Free Cash Flow$566M
  • Acquisitions-$159M
  • Other Investing$323M
  • Share Buybacks-$492M
  • Dividends Paid-$206M
  • Net Debt Change$22M
  • Other Financing-$99M
  • Forex Effect$121M
  • Net Cash Increase$76M
Want to see what drove the FCF change?Free Cash Flow Bridge

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Data & methodology