ATI Inc. (ATI) quarterly cash flow statement — complete operating, investing & financing history
ATI Inc. (ATI) cash flow statement — 30-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 | 131.8M | 128.2M | 315.8M | 229.5M | 161.5M | -92.5M | 380.9M | 24M | 101.1M | -98.8M | 417.2M | -114.2M | 68.1M | -285.2M | 324.3M | 123M | -5.2M | -217.2M | 260.9M | -142.2M |
| Operating CF Margin % | 10.45% | 11.13% | 26.83% | 20.39% | 14.16% | -8.08% | 32.48% | 2.28% | 9.23% | -9.47% | 39.21% | -11.13% | 6.51% | -27.47% | 32.1% | 11.92% | -0.54% | -26.04% | 34.09% | -19.59% |
| Operating CF Growth % | -18.39% | 238.59% | -17.09% | 856.25% | 59.74% | 6.38% | -8.7% | 121.02% | 48.46% | 65.36% | 28.65% | -192.85% | 1409.62% | -31.31% | 24.3% | 186.5% | 84.93% | -218.94% | 114.03% | -339.39% |
| Net Income | 154.3M | 120.5M | 100.5M | 113.6M | 104M | 100.5M | 142.1M | 86.6M | 85.6M | 68.4M | 192.5M | 94.1M | 93.5M | 86.6M | 81.2M | 64.4M | -34.3M | 35.2M | -24.6M | 55.2M |
| Depreciation & Amortization | 44M | 45M | 43.1M | 42.6M | 41.6M | 40.8M | 39.1M | 38.5M | 37.9M | 36M | 39.5M | 35.6M | 35.9M | 35.1M | 35.8M | 35.6M | 36M | 35.5M | 35.9M | 35.6M |
| Stock-Based Compensation | 7.7M | 6.4M | 6.7M | 7.7M | 7.4M | 7.2M | 7.5M | 9.4M | 11M | 6.2M | 7.6M | 7.4M | 7M | 7.1M | 0 | 5.6M | 8.6M | 5.9M | 0 | 0 |
| Deferred Taxes | 12M | 5.5M | 22.6M | 3M | 24.5M | 9M | 29.9M | 26.2M | 18.3M | 12M | -140.4M | 1.6M | -300K | 900K | -2.3M | 2.4M | 1M | -1.2M | -900K | 900K |
| Other Non-Cash Items | -9.6M | 4.9M | 200K | -11.9M | -100K | 4M | -62.6M | -3.9M | -2.1M | 0 | 2.5M | -221.8M | 600K | -50.3M | 26.1M | 0 | 115.7M | 24.3M | 65M | -13.8M |
| Working Capital Changes | -76.6M | -54.1M | 142.7M | 74.5M | -15.9M | -254M | 224.9M | -132.8M | -49.6M | -221.4M | 315.5M | -31.1M | -68.6M | -364.6M | 183.5M | 15M | -132.2M | -316.9M | 185.5M | -220.1M |
| Change in Receivables | 18.3M | 21.5M | 25.4M | 73.6M | 43.1M | -115M | 26.3M | -7.9M | -7.8M | -95.6M | 57.9M | 27.2M | 15.2M | -146.4M | 95.9M | -51.1M | -65.1M | -108.2M | 32M | -141.6M |
| Change in Inventory | -87M | -179M | 4.7M | -6.9M | -9.8M | -40.8M | 79.9M | -104.2M | -56.8M | -37.4M | 106.4M | 26.5M | -86.6M | -98.1M | 21.2M | 53.9M | -84.6M | -181.3M | 9.5M | -1.5M |
| Change in Payables | -4.6M | 94.8M | 51M | -38.4M | -21.4M | -34.6M | 67.4M | 3.5M | 50.2M | -33.5M | 78.4M | -41.9M | 11.5M | -77.8M | 103.9M | -10.4M | 27M | 35.6M | 87.9M | 25.5M |
| Cash from Investing | -63.2M | -53.6M | -85.5M | -29.8M | -68.6M | -50.6M | 18.6M | -61.1M | -53.3M | -63.8M | -50M | -42.4M | -41.5M | -59.3M | -25.7M | -45.3M | -31.5M | -24.2M | -28.8M | 10.3M |
| Capital Expenditures | -68.6M | -55.2M | -92.7M | -62.5M | -72.1M | -53.3M | -47.3M | -65.8M | -60.2M | -65.8M | -53.4M | -44M | -42.9M | -60.4M | -30.4M | -45.7M | -28.8M | -26M | -48.4M | -42.8M |
| CapEx % of Revenue | 5.44% | 4.79% | 7.88% | 5.55% | 6.32% | 4.66% | 4.03% | 6.26% | 5.5% | 6.31% | 5.02% | 4.29% | 4.1% | 5.82% | 3.01% | 4.43% | 3% | 3.12% | 6.32% | 5.9% |
| Acquisitions | -1.6M | 1.6M | 5.6M | 19.2M | 2M | 0 | 48M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.1M | 0 | 0 | 0 | 100K | 53M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 7M | 0 | 1.6M | 13.5M | 1.5M | 2.7M | 17.9M | 4.7M | 6.9M | 2M | 3.4M | 1.6M | 1.4M | 1.1M | 1.6M | 400K | -2.7M | 1.8M | 19.5M | 100K |
| Cash from Financing | 312.2M | -88.8M | -187.3M | -146.8M | -258.3M | -107.5M | -94.2M | 27.7M | -7M | -186.9M | -56.2M | 322.4M | 44.3M | -43.3M | -43.7M | -22.6M | -6M | -129.6M | -551.2M | 666.2M |
| Debt Issued (Net) | 368.5M | 67.3M | -169.7M | 3.4M | -8.3M | -8M | -7.5M | -8M | -7M | -12M | -9.9M | 373.8M | 11.2M | -22.5M | 3.9M | -7.6M | -5.4M | -19.6M | -486.5M | 675.6M |
| Equity Issued (Net) | 31.1M | -156.1M | -4.4M | -150.2M | -250M | -99.5M | -70.7M | -40.4M | 0 | -174.9M | -30.2M | -45.3M | -100K | -20.8M | -35.1M | -15M | -600K | -94.9M | 0 | -100K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 31.1M | -156.1M | -4.4M | -150.2M | -250M | -99.5M | -70.7M | -40.4M | 0 | -174.9M | -30.2M | -45.3M | -100K | -20.8M | -35.1M | -15M | -600K | -94.9M | 0 | -100K |
| Other Financing | -87.4M | 0 | -13.2M | 0 | 0 | 0 | -16M | 76.1M | 0 | 0 | -16.1M | -6.1M | 33.2M | 0 | -12.5M | 0 | 0 | -15.1M | -64.7M | -9.3M |
| Net Change in Cash | 381.3M | -15M | 44.5M | 52.6M | -156.2M | -245.4M | 314.6M | -19M | 31.2M | -349.5M | 311M | 165.8M | 70.9M | -387.8M | 254.9M | 55.1M | -42.7M | -371M | -319.1M | 534.3M |
| Free Cash Flow | 63.2M | 73M | 223.1M | 167M | 89.4M | -145.8M | 333.6M | -41.8M | 40.9M | -164.6M | 363.8M | -158.2M | 25.2M | -345.6M | 293.9M | 77.3M | -34M | -243.2M | 212.5M | -185M |
| FCF Margin % | 5.01% | 6.34% | 18.95% | 14.84% | 7.84% | -12.74% | 28.45% | -3.98% | 3.73% | -15.78% | 34.19% | -15.43% | 2.41% | -33.29% | 29.09% | 7.49% | -3.54% | -29.16% | 27.76% | -25.49% |
| FCF Growth % | -29.31% | 150.07% | -33.12% | 499.52% | 118.58% | 11.42% | -8.3% | 73.58% | 62.3% | 52.37% | 23.78% | -304.66% | 174.12% | -42.11% | 38.31% | 141.78% | 51.08% | -157.35% | 165.63% | -700.65% |
| FCF per Share | 0.46 | 0.52 | 1.60 | 1.18 | 0.62 | -1.01 | 2.29 | -0.28 | 0.28 | -1.12 | 2.44 | -1.05 | 0.17 | -2.30 | 1.95 | 0.51 | -0.27 | -1.59 | 1.67 | -1.21 |
| FCF Conversion (FCF/Net Income) | 0.87x | 1.08x | 3.27x | 2.09x | 1.60x | -0.95x | 2.78x | 0.29x | 1.23x | -1.49x | 2.86x | -1.27x | 0.75x | -3.38x | 1.20x | 2.01x | 0.14x | -7.03x | -8.76x | -2.92x |
| 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 |