Avantor, Inc. (AVTR) quarterly cash flow statement — complete operating, investing & financing history
Avantor, Inc. (AVTR) cash flow statement — 10-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 | 178.2M | 58.7M | 152.7M | 207.4M | 154.4M | 109.3M | 173.3M | 244.8M | 281.1M | 141.6M | 251.6M | 230.7M | 168.2M | 219.5M | 205.6M | 258.3M | 227.5M | 152.2M | 301M | 261.9M |
| Operating CF Margin % | 10.53% | 3.71% | 9.18% | 12.77% | 9.17% | 6.91% | 10.28% | 14.28% | 16.51% | 8.43% | 14.6% | 13.41% | 9.64% | 12.33% | 11.45% | 13.91% | 11.91% | 7.8% | 15.78% | 14.28% |
| Operating CF Growth % | 15.41% | -46.29% | -11.89% | -15.28% | -45.07% | -22.81% | -31.12% | 6.11% | 67.12% | -35.49% | 22.37% | -10.69% | -26.07% | 44.22% | -31.69% | -1.37% | -13.76% | 19.94% | -1.63% | -6.96% |
| Net Income | -40.1M | 43.3M | 52.4M | -711.8M | 64.7M | 64.5M | 500.4M | 57.8M | 92.9M | 60.4M | 98.5M | 108.4M | -7.3M | 121.5M | 141.7M | 167M | 187.4M | 190.4M | 94M | 156.8M |
| Depreciation & Amortization | 109.5M | 105M | 103.3M | 104.5M | 102.7M | 99.7M | 100.9M | 102.4M | 102.6M | 99.6M | 100.6M | 98M | 102.6M | 101.1M | 100.7M | 100.6M | 89.7M | 114.5M | 104.1M | 100M |
| Stock-Based Compensation | 11.3M | 8.6M | 11.3M | 7.2M | 15.5M | 12.4M | 11.1M | 11.9M | 11.1M | 12.7M | 8.8M | 9.8M | 9.2M | 12.7M | 10M | 12.1M | 13M | 10.7M | 13.7M | 13.4M |
| Deferred Taxes | 32.5M | -10.2M | 49.6M | -11.9M | -17.6M | -12.4M | 28.4M | -22.6M | -34.8M | -17.9M | -78.3M | -29.4M | -38.3M | -26.4M | -7.3M | -22.3M | -17.2M | -22.3M | 6.3M | -18.7M |
| Other Non-Cash Items | 87.1M | 12.4M | 33.6M | 799.4M | 19.5M | 36.1M | -414.1M | 32M | 19.4M | 38.9M | 25M | 21.2M | 194.2M | 21.5M | 24.6M | 22.9M | 23.1M | 25.6M | 18M | 17.9M |
| Working Capital Changes | -22.1M | -100.4M | -97.5M | 20M | -30.4M | -91M | -53.4M | 63.3M | 89.9M | -52.1M | 97M | 22.7M | -92.2M | -10.9M | -64.1M | -22M | -68.5M | -166.7M | 64.9M | -7.5M |
| Change in Receivables | -39.9M | -40.8M | 3.1M | 66.2M | -12.5M | -43.2M | 11.7M | 34.2M | -2.7M | 2.7M | 21.9M | 47.2M | 60.1M | -52.2M | 53.8M | -800K | 39.1M | -137.3M | -45.3M | 55.5M |
| Change in Inventory | -34.5M | -12.2M | -42.7M | -33.4M | -15.7M | -17.6M | 3M | -7.3M | -3.2M | -11M | 21.2M | 10.8M | -8.8M | 7.1M | 1.6M | -21M | -46.7M | -46.4M | -12M | -14.8M |
| Change in Payables | 12.3M | 5.4M | 46.8M | -23.5M | 10.9M | 8.2M | 17.7M | -4M | 89.5M | -43.6M | -43.8M | -21.4M | -75M | 600K | -49.5M | -7.3M | -800K | 73.2M | 63M | -61.2M |
| Cash from Investing | -37.3M | -32.7M | -39.7M | -33.3M | -28.6M | -28.9M | 558.5M | -40.5M | -44.9M | -34.2M | -50M | -37M | -29.4M | -27.3M | -33.1M | 4.1M | -41.1M | -39.5M | -2.88B | -34.3M |
| Capital Expenditures | -43.1M | -33.5M | -35.5M | -35.7M | -29.6M | -28M | -27.5M | -40.8M | -45.8M | -34.7M | -50.6M | -37.7M | -30.1M | -28M | -33.6M | -39M | -36.3M | -24.5M | -40M | -32.6M |
| CapEx % of Revenue | 2.55% | 2.12% | 2.13% | 2.2% | 1.76% | 1.77% | 1.63% | 2.38% | 2.69% | 2.07% | 2.94% | 2.19% | 1.73% | 1.57% | 1.87% | 2.1% | 1.9% | 1.26% | 2.1% | 1.78% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.9M | 0 | 0 | -15.3M | 0 | 0 | -4.9M | -15.3M | -2.85B | -2.2M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 5.8M | 800K | -4.2M | 2.4M | 1M | -900K | 586M | 300K | 900K | 500K | 5.5M | 700K | 700K | 16M | 43M | 600K | 100K | 300K | 1.7M | 500K |
| Cash from Financing | -112.4M | -107.2M | 700K | -369.6M | -6.9M | -33.6M | -755.3M | -198.6M | -197.1M | -130.2M | -184.1M | -188.4M | -196.2M | -275M | -81.6M | -219.4M | -220.5M | -127.2M | 1.46B | 980.4M |
| Debt Issued (Net) | -112.1M | -105.4M | 90.9M | -371.5M | -6.8M | -31.3M | -756.8M | -214.3M | -201.6M | -169.1M | -188.1M | -197.6M | -190.8M | -269.5M | -82.4M | -224.1M | -202M | -111.9M | 1.49B | -9.4M |
| Equity Issued (Net) | -300K | -1.7M | -75.1M | 1.9M | -100K | -4.9M | -400K | -800K | -800K | 45.5M | -200K | -200K | -5.2M | -8.1M | -100K | -100K | -8.1M | -4.9M | 6.1M | 967M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32.4M | 0 | -16.3M | -16.1M | -16.2M | -16.1M |
| Share Repurchases | -300K | -3.6M | -75.3M | -400K | -100K | -4.9M | -400K | -800K | -800K | -6.6M | -200K | -200K | -5.2M | -8.1M | -100K | -100K | -8.1M | -4.9M | 0 | 0 |
| Other Financing | 0 | -100K | -15.1M | 0 | 0 | 2.6M | 1.9M | 16.5M | 5.3M | -6.6M | 4.2M | 9.4M | -200K | 2.6M | 33.3M | 4.8M | 5.9M | 5.7M | -12M | 38.9M |
| Net Change in Cash | 27.5M | -86.1M | 113.6M | -197.5M | 133.3M | 53.8M | -45.6M | 13.6M | 37.5M | -28.5M | 27M | -100K | -58.1M | -78M | 109.1M | 26.8M | -47.4M | -18.7M | -1.12B | 1.2B |
| Free Cash Flow | -25.7M | 25.2M | 117.2M | 171.7M | 124.8M | 81.3M | 145.8M | 204M | 235.3M | 106.9M | 201M | 193M | 138.1M | 191.5M | 172M | 219.3M | 191.2M | 127.7M | 261M | 229.3M |
| FCF Margin % | -1.52% | 1.59% | 7.04% | 10.57% | 7.41% | 5.14% | 8.64% | 11.9% | 13.82% | 6.36% | 11.67% | 11.22% | 7.92% | 10.76% | 9.58% | 11.81% | 10.01% | 6.55% | 13.68% | 12.5% |
| FCF Growth % | -120.59% | -69% | -19.62% | -15.83% | -46.96% | -23.95% | -27.46% | 5.7% | 70.38% | -44.18% | 16.86% | -11.99% | -27.77% | 49.96% | -34.1% | -4.36% | -20.47% | 14.22% | -8.68% | -13.86% |
| FCF per Share | -0.04 | 0.04 | 0.17 | 0.25 | 0.18 | 0.12 | 0.21 | 0.30 | 0.34 | 0.16 | 0.30 | 0.28 | 0.20 | 0.28 | 0.25 | 0.32 | 0.28 | 0.19 | 0.42 | 0.38 |
| FCF Conversion (FCF/Net Income) | 4.68x | 1.36x | 2.91x | -0.29x | 2.39x | 1.69x | 0.35x | 4.24x | 3.03x | 2.34x | 2.55x | 2.13x | -23.04x | 1.81x | 1.45x | 1.55x | 1.21x | 0.80x | 3.20x | 1.67x |
| Interest Paid | 400K | 56.7M | 400K | 0 | 400K | 400K | -118.6M | 1.4M | 48.1M | 70.5M | 52.8M | 73.5M | 60M | 80.7M | 55.2M | 67.9M | 49.6M | 69.5M | 0 | 0 |
| Taxes Paid | 30.4M | 10.4M | 0 | 0 | 77.1M | 16.7M | -86.5M | 0 | 69.4M | 17.1M | 29.1M | 68.6M | 113.1M | 13.6M | 74.6M | 51M | 83.7M | 47.6M | 0 | 0 |