Adecoagro S.A. (AGRO) quarterly cash flow statement — complete operating, investing & financing history
Adecoagro S.A. (AGRO) cash flow statement — 19-year operating, investing & financing cash flows
| Metric | Q2'26 | 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 |
|---|
| Cash from Operations | 124.95M | -2.58M | 152.18M | 9.77M | 130.11M | -19.07M | 163.46M | 49.07M | 154.5M | -38.7M | 177.71M | 175.03M | 92.41M | -52.72M | 233.85M | 88M | 70.92M | -22.75M | 133.92M | 138.17M |
| Operating CF Margin % | 23.53% | -0.65% | 36.59% | 3.21% | 34.05% | -5.86% | 43.68% | 10.41% | 37.55% | -14.78% | 67.33% | 45.37% | 22.94% | -21.41% | 62.93% | 22.8% | 18.48% | -11.02% | 40.07% | 42.43% |
| Operating CF Growth % | -3.96% | 86.47% | -6.9% | -80.08% | -15.79% | 50.72% | -8.02% | -71.97% | 67.2% | 26.6% | -24.01% | 98.89% | 30.3% | -131.77% | 74.62% | -36.31% | -28.69% | 0.59% | 14.06% | 94.07% |
| Net Income | 18.21M | 43.81M | -14.85M | 6.52M | -17.04M | 18.71M | 16.18M | 18.71M | 9.87M | 47.34M | 82.21M | 75.39M | 46.12M | 23.01M | 2.73M | 22.59M | 18.11M | 65.17M | 58.75M | 36.96M |
| Depreciation & Amortization | 105.93M | 72.89M | 66.91M | 83.36M | 74.6M | 46.6M | 69.28M | 81.51M | 96.19M | 57.05M | 59.13M | 89.37M | 83.47M | 42.14M | 69.31M | 78.11M | 78.74M | 28.23M | 43.73M | 75.92M |
| Stock-Based Compensation | 2.28M | 1.87M | 0 | -314K | 10.38M | 1.51M | 1.6M | 1.61M | 1.62M | 1.84M | 1.9M | 1.82M | 1.89M | 2.98M | 2.81M | 3.17M | 2.64M | 1.61M | 1.86M | 1.81M |
| Deferred Taxes | 0 | 24.36M | -2.53M | -336.68K | 2.47M | -7.83M | -36.52M | 4.54M | -57.45M | 12.92M | 26.9M | 13.64M | 21.91M | 16.22M | 2.89M | 4.83M | -10.51M | 29.54M | -24.97M | 15.27M |
| Other Non-Cash Items | 15.82M | -47.93M | 45.57M | 1.34M | 11.72M | -18.75M | 71.56M | 56.25M | 91.94M | -38.27M | -73.41M | -39.93M | 8.7M | -20.23M | 55.83M | 43.96M | 39.39M | -82.29M | 9.6M | 53.96M |
| Working Capital Changes | -17.29M | -97.6M | 57.08M | -80.8M | 47.97M | -59.3M | 41.37M | -113.57M | 12.34M | -119.59M | 80.99M | 34.74M | -69.68M | -116.83M | 100.28M | -64.65M | -57.44M | -65.02M | 44.95M | -45.76M |
| Change in Receivables | -17.63M | -11.66M | 17.75M | 24.12M | 19.56M | -119.56M | 82.69M | -113.24M | -5.39M | -32.36M | 71.16M | 5.26M | -34.66M | -38.08M | 42.38M | -32.66M | -11.62M | -58.85M | 26.33M | -7.76M |
| Change in Inventory | -7.06M | 13.56M | 52.09M | -91.8M | 2.45M | 58.33M | 10.96M | -1.53M | -12.29M | -32.9M | -6.03M | -36.05M | -25.35M | 31.62M | 13.61M | 210K | 5.59M | 22.34M | 9.01M | -54.71M |
| Change in Payables | 0 | 0 | -13.74M | 0 | 0 | 4.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -25.19M | -426.05M | -580.39M | -122.9M | -23.83M | -98.9M | -84.51M | -3.95M | -55.66M | -87.44M | -100.38M | 12.23M | -1.97M | -39.8M | -58.05M | -119.3M | -43.86M | -78.05M | -15.36M | -65.83M |
| Capital Expenditures | -54.78M | -86.75M | -61.04M | -34.45M | -53.36M | -84.32M | -57.06M | -49.06M | -60.14M | -93.95M | -56.75M | -15.61M | -57.53M | -80.06M | -44.25M | -47.42M | -51.76M | -74.35M | -35.67M | -61.76M |
| CapEx % of Revenue | 10.32% | 21.76% | 14.67% | 11.33% | 13.97% | 25.91% | 15.25% | 10.4% | 14.62% | 35.89% | 21.5% | 4.05% | 14.28% | 32.51% | 11.91% | 12.28% | 13.49% | 36.03% | 10.67% | 18.97% |
| Acquisitions | -5.55M | -396.28M | -580.13M | 577.97K | 0 | 0 | -261K | -658K | -2.53M | -12.74M | 0 | 36.65M | -401K | -2.79M | 9.52M | 424K | 1.18M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 35.14M | 8.39M | -2.92M | 1.39M | 1.28M | 1.57M | 2.14M | 4.79M | 21.51M | 1.89M | -20.73M | 0 | 29.74M | 10.76M | -4.67M | 7.05M | 6.72M | -3.69M | 20.31M | -4.07M |
| Cash from Financing | 31.07M | 216.58M | 459.03M | 264.56M | -105.46M | 78.54M | -63.69M | -28.85M | -72.18M | -109.29M | -180.39M | -2.8M | 29.98M | -47.82M | -101.22M | 9.88M | 26.16M | 41.6M | -107.2M | -66.67M |
| Debt Issued (Net) | 105.99M | 258.11M | 225.14M | 280.42M | -77.28M | 104.51M | -32.9M | -620K | -38.19M | -75.81M | -133.15M | 7.11M | 62.68M | -26.92M | -57.52M | 33.43M | 49.48M | 65.8M | -89.03M | -12.12M |
| Equity Issued (Net) | 1.07K | 312K | 263.4M | 729.89K | 458.84K | -10.21M | -8.61M | -16.58M | -20.36M | -21.33M | -7.23M | -4M | -3.57M | -7.9M | -10.03M | -12.76M | -3.41M | -10.64M | -12.41M | -33.83M |
| Dividends Paid | -17.5M | 0 | -14.8M | 1.26M | -17.5M | 0 | -17.5M | 0 | -17.5M | 0 | -17.5M | 2.63M | -17.5M | 0 | -17.5M | 0 | -17.5M | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 212.73K | 733.12K | 415.68K | -10.21M | -8.61M | -16.58M | -20.36M | -21.33M | -7.23M | -4.03M | -3.57M | -7.9M | -10.03M | -12.76M | -3.41M | -10.64M | -12.41M | -33.83M |
| Other Financing | -57.42M | -41.84M | -14.71M | -17.85M | -11.14M | -15.76M | -4.67M | -11.65M | 3.87M | -12.15M | -22.52M | -8.54M | -11.63M | -13M | -16.16M | -10.79M | -2.4M | -13.56M | -5.75M | -20.71M |
| Net Change in Cash | 129.93M | -210.62M | 43.15M | 159.39M | 1.08M | -31.71M | 12.99M | 57.94M | 4.8M | -204.27M | -10.03M | 153.2M | 110.74M | -144.79M | 71.29M | -28.99M | 45.43M | -56.85M | 10.06M | 4.54M |
| Free Cash Flow | 70.17M | -89.91M | 91.81M | -24.36M | 73.84M | -103.84M | 105.75M | -713K | 93.36M | -133.44M | 121.28M | 159.76M | 34.37M | -133.82M | 187.41M | 39.14M | 14.9M | -101.64M | 94.86M | 69.36M |
| FCF Margin % | 13.21% | -22.55% | 22.07% | -8.01% | 19.33% | -31.9% | 28.26% | -0.15% | 22.69% | -50.97% | 45.95% | 41.41% | 8.53% | -54.34% | 50.43% | 10.14% | 3.88% | -49.25% | 28.39% | 21.3% |
| FCF Growth % | -4.96% | 13.42% | -13.18% | -3316.44% | -20.91% | 22.18% | -12.8% | -100.45% | 171.6% | 0.29% | -35.29% | 308.16% | 130.67% | -31.65% | 97.55% | -43.57% | -72.52% | -22.78% | 29.87% | 60.72% |
| FCF per Share | 0.10 | -0.13 | 0.18 | -0.05 | 0.15 | -0.21 | 0.21 | -0.00 | 0.18 | -0.25 | 0.23 | 0.30 | 0.06 | -0.25 | 0.35 | 0.07 | 0.03 | -0.18 | 0.17 | 0.12 |
| FCF Conversion (FCF/Net Income) | 6.86x | -0.06x | -9.89x | 1.50x | -7.41x | -1.05x | 9.96x | 2.57x | 16.22x | -0.82x | 2.15x | 2.32x | 2.00x | -2.44x | 72.04x | 3.90x | 3.72x | -0.36x | 2.27x | 3.77x |
| Interest Paid | 8.02M | 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 |