BW LPG Limited (BWLP) 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 |
|---|
| Cash from Operations | 158.36M | 177.46M | 128.8M | 94.72M | 166.24M | 236.2M | 69.04M | 52.85M | 405.58M | 180.96M | 77.09M | 149.75M | 125.17M | 289.81M | 61.86M | -14.7M | 164.42M | 20.38M | 63M |
| Operating CF Margin % | 18.81% | 24.22% | 13.5% | 8.9% | 18.34% | 28.9% | 8.48% | 5.99% | 40.17% | 19.3% | 11.02% | 32.74% | 14.33% | 51.55% | 20.46% | -4.32% | 56.21% | 11.24% | 40.26% |
| Operating CF Growth % | -4.74% | -24.87% | 86.56% | 79.23% | -59.01% | 30.52% | -10.44% | -64.71% | 224.01% | -37.56% | 24.61% | 1118.4% | -23.87% | 1322.34% | -1.8% | - | - | - | - |
| Net Income | 164.89M | 104.28M | 60.26M | 47.07M | 66.77M | 41.85M | 138.57M | 89.37M | 155.18M | 171.51M | 122.43M | 78.23M | 131.8M | 95.95M | 46.71M | 38.94M | 58.05M | 62.68M | 29.45M |
| Depreciation & Amortization | 60.55M | 64.48M | 65.51M | 62.64M | 63.33M | 56.85M | 49.4M | 46.98M | 48.95M | 54.22M | 55.26M | 53.57M | 54.84M | 42.1M | 38.66M | 38.15M | 40.52M | 41.36M | 37.48M |
| Stock-Based Compensation | 0 | 0 | 448K | 583K | 355K | 377K | 567K | 409K | 663K | -1.34M | 1.89M | 862K | 283K | 341K | 467K | 302K | 262K | 180K | 164K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 47.74M | 3.63M | -30.86M | 5.49M | -14.04M | -7.47M | 12.2M | -3.45M | -20.83M | 27.6M | 4.05M | -22.83M | -10.89M | 842K | 6.91M | 3.71M | -5.49M | -24.67M | -2.08M |
| Working Capital Changes | -114.82M | 5.08M | 33.44M | -21.06M | 49.83M | 144.6M | -131.7M | -80.46M | 221.62M | -71.01M | -106.54M | 39.91M | -50.86M | 150.58M | -30.88M | -95.8M | 71.08M | -59.17M | -2.01M |
| Change in Receivables | 52.43M | 44.22M | 78.53M | -83.52M | -66.14M | 58.39M | 4.37M | -84.64M | 136.18M | -81.7M | -104.77M | 195.76M | -128.62M | 139.64M | -18.73M | -97.18M | 82.67M | -57.35M | 6.03M |
| Change in Inventory | 17.04M | 1.63M | -88.06M | 59.04M | -19.14M | 37.8M | -41.78M | 26M | 92.06M | -61.73M | -52.17M | 37.24M | 19.65M | -36.26M | 1.66M | -18.76M | 24.13M | 7.05M | -16.56M |
| Change in Payables | -2.6M | -31.65M | 0 | 0 | 0 | 0 | 13.23M | 0 | 0 | 155.22M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -9.72M | 57.16M | -7.24M | -77.11M | -6.12M | -513.39M | -84.57M | 7.08M | 41.78M | -36.99M | 2.64M | 50.51M | 49.54M | -10.53M | -2.1M | 37.9M | 86.72M | 28.79M | 49.48M |
| Capital Expenditures | -11.49M | -11.55M | -11.65M | -81.31M | -76.3M | -518.17M | -84.52M | 0 | -2.24M | -43.07M | -1.75M | -67.87M | -8.12M | -9.38M | -4.05M | -24.19M | -11.31M | -39.23M | -71.6M |
| CapEx % of Revenue | 1.36% | 1.58% | 1.22% | 7.64% | 8.42% | 63.41% | 10.38% | - | 0.22% | 4.59% | 0.25% | 14.84% | 0.93% | 1.67% | 1.34% | 7.11% | 3.87% | 21.64% | 45.76% |
| Acquisitions | 0 | 61.75M | 0 | 0 | 0 | 0 | -1.36M | 0 | 0 | 4.13M | 0 | 0 | 0 | -49.16M | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 1.77M | 6.96M | 4.41M | 4.2M | 70.17M | 4.78M | 2.13M | 7.08M | 71.83M | 2.28M | 4.39M | 118.38M | 57.66M | 48.01M | 1.97M | 62.09M | 98.02M | 68.03M | 118.36M |
| Cash from Financing | -198.38M | -287.77M | -132.5M | 8.17M | -130.5M | 351.33M | -59.71M | -141.03M | -295.42M | -179.5M | -140.74M | -240.6M | -104.41M | -180.07M | -103.92M | -209.93M | -28.19M | -46.93M | -118.68M |
| Debt Issued (Net) | -89.94M | -91.47M | -91.56M | 70.56M | -34.88M | 418.31M | 36.74M | 7.98M | -162.86M | 70.12M | -24.49M | -93.08M | -21.01M | -87.15M | -57.64M | -190.42M | -33.05M | -16.64M | -96.07M |
| Equity Issued (Net) | 0 | -43.23M | 38.54K | -2.74M | 0 | 0 | 4.53M | 1.09M | -100K | -542.36K | -3.65M | -14.02M | -6.03M | -895.57K | -12.99M | 158.19K | -13.23M | -6.35M | 0 |
| Dividends Paid | -86.86M | -61.21M | -33.3M | -42.38M | -63.65M | -61.61M | -86.4M | -131.75M | -118.39M | -119.91M | -106.13M | -125.73M | -68.73M | -33.92M | -27.34M | -42.07M | -24.18M | -13.61M | -13.96M |
| Share Repurchases | 0 | -43.23M | 38.54K | -2.74M | 0 | 0 | 4.5M | 0 | -100K | -542.36K | -3.65M | -14.02M | -6.03M | -895.57K | -12.99M | 158.19K | -13.23M | -5.43M | 0 |
| Other Financing | -21.59M | -91.85M | -7.68M | -17.27M | -31.98M | -5.37M | -14.58M | -18.35M | -14.08M | -129.17M | -6.47M | -7.78M | -8.64M | -58.88M | -6.05M | 21.83M | 42.28M | -10.21M | -8.64M |
| Net Change in Cash | 32.47M | -50.85M | -10.95M | 25.78M | 29.61M | 74.14M | -75.11M | -81.1M | 151.94M | -11.19M | -61.01M | -40.34M | 70.3M | 99.21M | -44.16M | -186.74M | 222.95M | 2.24M | -6.2M |
| Free Cash Flow | 146.87M | 166.01M | 117.14M | 13.41M | 89.94M | -281.97M | -15.48M | 52.85M | 403.11M | 137.92M | 75.3M | 81.38M | 116.96M | 280.44M | 57.75M | -38.91M | 153.08M | -18.96M | -8.61M |
| FCF Margin % | 17.44% | 22.66% | 12.28% | 1.26% | 9.92% | -34.5% | -1.9% | 5.99% | 39.93% | 14.71% | 10.77% | 17.79% | 13.39% | 49.88% | 19.1% | -11.44% | 52.33% | -10.46% | -5.5% |
| FCF Growth % | 63.3% | 158.87% | 856.98% | -74.62% | -77.69% | -304.45% | -120.55% | -35.06% | 244.66% | -50.82% | 30.39% | 309.15% | -23.6% | 1579.25% | 771.11% | - | - | - | - |
| FCF per Share | 0.97 | 1.09 | 0.77 | 0.09 | 0.59 | -2.02 | -0.12 | 0.40 | 3.05 | 1.05 | 0.57 | 0.61 | 0.88 | 2.10 | 0.43 | -0.29 | 1.13 | -0.14 | -0.06 |
| FCF Conversion (FCF/Net Income) | 0.96x | 1.70x | 2.23x | 2.66x | 3.43x | 7.90x | 0.65x | 0.68x | 2.94x | 1.12x | 0.70x | 1.92x | 1.01x | 3.03x | 1.55x | -0.43x | 2.91x | 0.33x | 2.21x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 4.58M | 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 |