Archer-Daniels-Midland Company (ADM) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 0 | -313M | 1.81B | 4.3B | -342M | 322M | 1.3B | 468M | 700M | 2.57B | 992M | 2.51B | -1.61B | 130M | 4.02B | 531M | -1.21B | 742M | 2.85B | 2.71B |
| Operating CF Margin % | - | -1.69% | 8.88% | 20.29% | -1.7% | 1.5% | 6.52% | 2.1% | 3.2% | 11.18% | 4.57% | 9.96% | -6.69% | 0.5% | 16.3% | 1.95% | -5.1% | 3.21% | 13.99% | 11.82% |
| Operating CF Growth % | 100% | -197.21% | 39.15% | 818.38% | -148.86% | -87.47% | 31.05% | -81.35% | 143.48% | 1876.15% | -75.34% | 372.5% | -33.5% | -82.48% | 41.36% | -80.4% | -504.7% | 185.29% | 363.52% | 1136.99% |
| Net Income | 0 | 456M | 110M | 217M | 292M | 567M | 18M | 486M | 729M | 565M | 824M | 928M | 1.17B | 1.02B | 1.04B | 1.24B | 1.06B | 797M | 533M | 712M |
| Depreciation & Amortization | 293M | 298M | 296M | 291M | 287M | 287M | 288M | 286M | 280M | 277M | 261M | 262M | 259M | 254M | 260M | 257M | 257M | 257M | 247M | 243M |
| Stock-Based Compensation | 0 | 0 | 93M | -50M | 50M | 0 | -10M | 18M | 66M | 14M | 12M | 21M | 65M | 24M | 26M | 28M | 69M | 26M | 21M | 38M |
| Deferred Taxes | 0 | 0 | -54M | 42M | -42M | -23M | -15M | -28M | -64M | -40M | 9M | -39M | 47M | -50M | -24M | -159M | 144M | -34M | -58M | -30M |
| Other Non-Cash Items | -1M | 485M | 4.09B | 294M | -148M | 110M | 368M | 48M | -129M | 107M | 208M | 8M | -231M | -642M | 140M | 236M | 82M | -195M | 145M | 37M |
| Working Capital Changes | -292M | -1.55B | -2.72B | 3.5B | -781M | -619M | 651M | -342M | -182M | 1.65B | -322M | 1.33B | -2.92B | -480M | 2.58B | -1.07B | -2.82B | -109M | 1.96B | 1.71B |
| Change in Receivables | 0 | -231M | -197M | 852M | -655M | -29M | 656M | -241M | 61M | 294M | -403M | 358M | 488M | -69M | 542M | -1.22B | -937M | 482M | -350M | -195M |
| Change in Inventory | 0 | -3.17B | -2.15B | 2.02B | 137M | -1.07B | -210M | 1.15B | 295M | -612M | 584M | 2.87B | 52M | -885M | 939M | 2.53B | -2.88B | -3.24B | 182M | 1.36B |
| Change in Payables | 0 | 0 | 1.16B | -734M | -423M | 699M | -161M | -544M | -713M | 1.02B | 201M | -1.21B | -1.56B | 1.08B | 1.01B | -465M | -245M | 1.75B | 1.19B | -582M |
| Cash from Investing | 0 | -365M | -253M | -262M | -129M | -700M | -390M | -382M | -1.23B | -435M | -450M | -283M | -328M | -452M | -301M | -305M | -342M | -1.38B | -893M | -225M |
| Capital Expenditures | 0 | -356M | -296M | -305M | -291M | -492M | -381M | -362M | -328M | -439M | -441M | -287M | -327M | -478M | -341M | -283M | -217M | -455M | -287M | -253M |
| CapEx % of Revenue | - | 1.92% | 1.45% | 1.44% | 1.44% | 2.29% | 1.91% | 1.63% | 1.5% | 1.91% | 2.03% | 1.14% | 1.36% | 1.84% | 1.38% | 1.04% | 0.92% | 1.97% | 1.41% | 1.1% |
| Acquisitions | 26M | 0 | 0 | 90M | -90M | 36M | 0 | 0 | -909M | 27M | -9M | 2M | -4M | 92M | -2M | -22M | -36M | -845M | -495M | 35M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -30M | -9M | 184M | -216M | 15M | -6M | 27M | -20M | 11M | -11M | 4M | 2M | 3M | -66M | 42M | 31M | -89M | -83M | -111M | -6M |
| Cash from Financing | 0 | 310M | -1.62B | -2.17B | 587M | -65M | -804M | -659M | -2M | -1.8B | -669M | -2.73B | 598M | -135M | -3.85B | -1.83B | 3.32B | 436M | -978M | -1.65B |
| Debt Issued (Net) | 919M | 554M | -1.37B | -1.92B | 863M | 199M | -581M | 589M | 1.62B | -10M | -309M | -1.84B | 1.3B | 323M | -2.65B | -1.41B | 3.57B | 639M | -770M | -1.48B |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1B | -1.33B | -1.55B | -117M | -650M | -351M | -250M | -1B | -200M | 0 | 0 | 0 | 0 |
| Dividends Paid | -254M | -244M | -248M | -248M | -247M | -241M | -241M | -246M | -257M | -239M | -244M | -246M | -248M | -222M | -224M | -227M | -226M | -208M | -209M | -209M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1B | -1.33B | -1.55B | -117M | -650M | -351M | -250M | -1B | -200M | 0 | 0 | 0 | 0 |
| Other Financing | -665M | 0 | 2M | 2M | -29M | -23M | 18M | -2M | -37M | 0 | 1M | 4M | -107M | 14M | 15M | 9M | -30M | 5M | 1M | 37M |
| Net Change in Cash | -4.91B | -4.86B | -69M | 1.89B | 132M | -473M | 126M | -574M | -545M | 349M | -146M | -500M | -1.35B | -457M | -133M | -1.6B | 1.77B | -204M | 975M | 831M |
| Free Cash Flow | 0 | -669M | 1.51B | 3.99B | -633M | -170M | 919M | 108M | 372M | 2.13B | 551M | 2.22B | -1.94B | -348M | 3.68B | 248M | -1.42B | 287M | 2.56B | 2.46B |
| FCF Margin % | - | -3.61% | 7.43% | 18.85% | -3.14% | -0.79% | 4.61% | 0.49% | 1.7% | 9.27% | 2.54% | 8.82% | -8.05% | -1.34% | 14.92% | 0.91% | -6.02% | 1.24% | 12.58% | 10.71% |
| FCF Growth % | 100% | -293.53% | 64.64% | 3597.22% | -270.16% | -107.98% | 66.79% | -95.14% | 119.21% | 712.07% | -85.04% | 795.97% | -36.12% | -221.25% | 43.88% | -89.9% | -1247.58% | 125.29% | 300.23% | 4533.96% |
| FCF per Share | - | -1.38 | 3.13 | 8.25 | -1.31 | -0.35 | 1.90 | 0.22 | 0.72 | 4.01 | 1.02 | 4.07 | -3.52 | -0.63 | 6.54 | 0.44 | -2.51 | 0.51 | 4.52 | 4.34 |
| FCF Conversion (FCF/Net Income) | - | -0.69x | 16.75x | 19.63x | -1.16x | 0.57x | 72.22x | 0.96x | 0.96x | 4.55x | 1.21x | 2.71x | -1.38x | 0.13x | 3.90x | 0.43x | -1.14x | 0.95x | 5.41x | 3.80x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |