Bio-Rad Laboratories, Inc. (BIO) 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 | 108.1M | 164.9M | 120.9M | 116.5M | 129.9M | 124.15M | 163.61M | 97.65M | 69.79M | 81.05M | 97.71M | 98.07M | 98.12M | 90.42M | 11.03M | 53.27M | 50.49M | 157.92M | 230.36M | 154.62M |
| Operating CF Margin % | 18.26% | 23.79% | 18.51% | 17.88% | 22.19% | 18.6% | 25.18% | 15.29% | 11.43% | 11.9% | 15.46% | 14.4% | 14.5% | 12.38% | 1.62% | 7.71% | 7.21% | 21.55% | 30.84% | 21.6% |
| Operating CF Growth % | -16.78% | 32.82% | -26.1% | 19.31% | 86.12% | 53.19% | 67.44% | -0.43% | -28.87% | -10.37% | 786.11% | 84.1% | 94.32% | -42.74% | -95.21% | -65.55% | -55.55% | -44.54% | 69.8% | 67.85% |
| Net Income | -11M | 720M | -341.9M | -120.1M | 64M | -715.8M | 653.2M | -2.17B | 383.9M | 349.7M | 106.3M | -1.16B | 69M | 833.5M | -162.8M | -925.2M | -3.37B | -1.57B | 3.93B | 914.1M |
| Depreciation & Amortization | 0 | 52.4M | 54.2M | -38.1M | 38.1M | 49.3M | 38.9M | 36.4M | 37.1M | 37.2M | 37.3M | 35.8M | 35.6M | 40M | 34.3M | 34.1M | 33.4M | 33.7M | 33.7M | 33.7M |
| Stock-Based Compensation | 0 | 0 | 0 | -15.3M | 15.3M | 16.4M | 15.6M | 15M | 15.3M | 16.2M | 15.9M | 12.6M | 16.6M | 18.1M | 15.7M | 13.6M | 13.5M | 15M | 13.1M | 11.4M |
| Deferred Taxes | 0 | 190.2M | -88.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 119.1M | -1.06B | 511.4M | 333.6M | -31.1M | 717.3M | -764.79M | 2.89B | -420.51M | -313.85M | -59.29M | 1.59B | 17.22M | -949.88M | 296.23M | 1.34B | 4.55B | 2.16B | -4.87B | -1.03B |
| Working Capital Changes | 0 | 260.7M | -14.4M | -43.6M | 43.6M | 56.95M | 220.7M | -679.5M | 54M | -8.2M | -2.5M | -381.8M | -40.3M | 148.7M | -172.4M | -409.8M | -1.17B | -475.8M | 1.12B | 226.7M |
| Change in Receivables | 0 | 3.9M | 4.2M | -37.2M | 37.2M | -9.4M | -7.4M | -4.4M | 37.4M | -20.2M | 26.4M | 6.6M | -1.4M | -42.9M | 1.3M | 1M | -46.8M | -9.6M | -23.4M | 11.6M |
| Change in Inventory | 0 | 51.6M | 13.6M | 17.9M | -17.9M | 24.5M | 15.2M | -22.4M | -8.8M | 15.4M | -6.4M | -25.2M | -30.1M | -8.2M | -48.3M | -66.8M | -35.5M | 17.9M | 13.9M | 8.5M |
| Change in Payables | 0 | -1.3M | -33.3M | -29.8M | 29.8M | -16.5M | 2.2M | 17.8M | -44.4M | 20.6M | -37.7M | -42.9M | 8.2M | -24.5M | -26.6M | -4.2M | -38.9M | 47.5M | 56.6M | 10.3M |
| Cash from Investing | -93.2M | -34.2M | -43M | -115.4M | 2.9M | -30.54M | -55.64M | -30.93M | -43.09M | 72.2M | -9.5M | 27.98M | -70.47M | -69.31M | -88.42M | -144.48M | -916.14M | -554.48M | -81.35M | -100.28M |
| Capital Expenditures | -30M | -45.8M | -31.7M | -45.7M | -34.4M | -42.91M | -40.23M | -42.28M | -40.18M | -42.24M | -44.07M | -34.64M | -35.73M | -45.56M | -27.57M | -17.33M | -33.08M | -43.24M | -34.63M | -23.39M |
| CapEx % of Revenue | 5.07% | 6.61% | 4.85% | 7.01% | 5.88% | 6.43% | 6.19% | 6.62% | 6.58% | 6.2% | 6.97% | 5.09% | 5.28% | 6.24% | 4.05% | 2.51% | 4.72% | 5.9% | 4.64% | 3.27% |
| Acquisitions | 0 | 0 | -1.8M | -216.6M | 0 | 0 | 0 | 0 | 0 | 2.5M | 0 | 0 | 0 | 0 | -100.75M | 0 | 0 | -125.52M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 100K | 793.6M | 0 | 0 | 0 | -39K | -23.35M | 66K | 26K | 107K | 65K | 39K | 0 | -1.33M | 6K | 1.47M | 0 | 0 | 39K | 1K |
| Cash from Financing | -44M | 3.3M | -52.5M | -136.3M | -97.7M | -26.25M | -95.99M | -96.59M | 21K | -200.62M | -26.6M | -202.74M | 4.31M | -86.62M | -8.77M | -121.33M | 1.19B | 4.63M | -15.58M | 2.87M |
| Debt Issued (Net) | 0 | -200K | -300K | -200K | -100K | -41K | -123K | -118K | -118K | -118K | -118K | -116K | -115K | -143K | -113K | -150K | 1.19B | -1.38M | -122K | -122K |
| Equity Issued (Net) | 0 | 3.9M | -50M | -136M | -101.9M | -14K | -97.84M | -101M | -4.75M | -200M | -21.32M | -207.41M | 0 | -90.68M | 0 | -125M | 0 | 0 | 0 | 0 |
| Dividends Paid | -33.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -47.8M | 0 | -53.4M | -140.2M | -101.9M | -14K | -97.84M | -101M | -4.75M | -200M | -21.32M | -207.41M | 0 | -90.68M | 0 | -125M | 0 | 0 | 0 | 0 |
| Other Financing | -10.7M | -400K | -2.2M | -100K | 4.3M | -26.19M | 1.97M | 4.53M | 4.89M | -502K | -5.16M | 4.79M | 4.42M | 4.2M | -8.66M | 3.82M | 4.18M | 6.01M | -15.46M | 2.99M |
| Net Change in Cash | -23.2M | 132M | 26.5M | -151.4M | 33.3M | 77.61M | 4.47M | -26.04M | 29.38M | -53.95M | 67.83M | -74.02M | 29.96M | -83.7M | -78.66M | -205.75M | 331.52M | -393.39M | 127.36M | 59.46M |
| Free Cash Flow | 78.1M | 119.1M | 89.2M | 70.8M | 95.5M | 81.25M | 99.97M | 55.37M | 29.62M | 38.8M | 53.64M | 63.43M | 62.39M | 43.49M | -16.55M | 35.94M | 17.42M | 114.68M | 195.74M | 131.24M |
| FCF Margin % | 13.19% | 17.18% | 13.66% | 10.87% | 16.31% | 12.17% | 15.39% | 8.67% | 4.85% | 5.7% | 8.49% | 9.31% | 9.22% | 5.95% | -2.43% | 5.2% | 2.49% | 15.65% | 26.2% | 18.33% |
| FCF Growth % | -18.22% | 46.59% | -10.77% | 27.88% | 222.46% | 109.39% | 86.37% | -12.71% | -52.53% | -10.77% | 424.15% | 76.5% | 258.26% | -62.08% | -108.45% | -72.62% | -81.48% | -53.3% | 69.2% | 77.33% |
| FCF per Share | 2.90 | 4.41 | 3.31 | 2.60 | 3.42 | 2.90 | 3.57 | 1.95 | 1.04 | 1.35 | 1.84 | 2.16 | 2.10 | 1.46 | -0.56 | 1.21 | 0.58 | 3.83 | 6.48 | 4.35 |
| FCF Conversion (FCF/Net Income) | -0.21x | 0.23x | -0.35x | 0.37x | 2.03x | -0.17x | 0.25x | -0.05x | 0.18x | 0.23x | 0.92x | -0.08x | 1.42x | 0.11x | -0.07x | -0.06x | -0.01x | -0.10x | 0.06x | 0.17x |
| 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 |