Donnelley Financial Solutions, Inc. (DFIN) 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 | -5.6M | 56.6M | 74.4M | 68.4M | -37.7M | 56.4M | 86.4M | 56.2M | -27.9M | 74.8M | 80.5M | 20.2M | -51.5M | 73.3M | 83.3M | 45.8M | -52.2M | 76.8M | 110.9M | 30.6M |
| Operating CF Margin % | -2.73% | 32.81% | 42.44% | 31.36% | -18.75% | 36.08% | 48.13% | 23.16% | -13.72% | 42.38% | 44.72% | 8.34% | -25.93% | 43.71% | 44.14% | 17.21% | -24.74% | 32.99% | 44.77% | 11.44% |
| Operating CF Growth % | 85.15% | 0.35% | -13.89% | 21.71% | -35.13% | -24.6% | 7.33% | 178.22% | 45.83% | 2.05% | -3.36% | -55.9% | 1.34% | -4.56% | -24.89% | 49.67% | -36.29% | -24.48% | 45.16% | 131.82% |
| Net Income | 33.5M | 6.2M | -40.9M | 36.1M | 31M | 6.3M | 8.7M | 44.1M | 33.3M | 10.6M | 18.1M | 37.7M | 15.8M | 10.9M | 19.2M | 46M | 26.4M | 25.6M | 42.2M | 42.9M |
| Depreciation & Amortization | 16.7M | 14.9M | 16.8M | 16.7M | 15.8M | 17.2M | 19.5M | 16.6M | 16.2M | 21.4M | 17.2M | 17.4M | 16.1M | 17M | 15.8M | 15.1M | 14.8M | 14.8M | 14.2M | 14.4M |
| Stock-Based Compensation | 6.4M | 0 | 6.8M | 7.5M | 6M | 6M | 6.7M | 7.4M | 5.1M | 5.4M | 6.1M | 6.7M | 4.3M | 5.4M | 4.4M | 5.9M | 3.6M | 5.3M | 5.2M | 5.9M |
| Deferred Taxes | 2.5M | 4.8M | -14.5M | 200K | -500K | -3.7M | -2.4M | -1.9M | -1.4M | -4.4M | -4.7M | -2.6M | -2.9M | -900K | 1.4M | -800K | -200K | -6.9M | 1.6M | 1.8M |
| Other Non-Cash Items | -64.7M | 18.6M | 71.7M | 2.2M | 2M | 3.5M | 4.3M | 5.2M | -5.8M | 9.3M | 2.6M | 3.4M | -3.8M | 3M | 1.3M | 1.5M | 2M | 8.7M | 600K | -200K |
| Working Capital Changes | 0 | 12.1M | 34.5M | 5.7M | -92M | 27.1M | 49.6M | -15.2M | -75.3M | 32.5M | 41.2M | -42.4M | -81M | 37.9M | 41.2M | -21.9M | -98.8M | 29.3M | 47.1M | -34.2M |
| Change in Receivables | 2.7M | 14.4M | 38M | -5.8M | -61.8M | 35.8M | 35.4M | -28.4M | -47.2M | 34.7M | 49.7M | -47M | -39.7M | 44.9M | 59.3M | -57.6M | -22.2M | 44.7M | 20.9M | -31.3M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.7M | 0 | 0 | 0 | 0 | 0 | -600K | -800K | 2.2M |
| Change in Payables | 11.7M | -5.9M | -9M | 1.4M | 9.1M | -5.7M | 600K | -7M | 6.4M | -1.5M | -10.9M | -3.5M | 600K | 7.2M | -18M | 6.5M | 16.4M | -12.3M | -11.5M | 0 |
| Cash from Investing | -10.3M | -11.9M | -15.2M | -16.6M | -13.3M | -15.1M | -19.1M | -19.3M | 200K | -18.2M | -19.2M | -12.2M | -1.7M | -11.5M | -14.6M | -14.9M | -9.9M | -17.7M | -9.6M | -9.7M |
| Capital Expenditures | -10.4M | -11.9M | -15.2M | -16.7M | -13.3M | -15.1M | -19.1M | -19.4M | -12.3M | -18.8M | -19.2M | -13.2M | -10.6M | -14.8M | -14.6M | -14.9M | -9.9M | -14.1M | -10.5M | -9.7M |
| CapEx % of Revenue | 5.06% | 6.9% | 8.67% | 7.66% | 6.61% | 9.66% | 10.64% | 7.99% | 6.05% | 10.65% | 10.67% | 5.45% | 5.34% | 8.83% | 7.74% | 5.6% | 4.69% | 6.06% | 4.24% | 3.63% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 100K | 0 | 0 | 0 | 0 | 0 | 12M | 0 | 12.4M | 500K | 0 | -13M | 0 | 3.3M | 0 | 0 | 0 | -3.6M | 900K | 0 |
| Cash from Financing | 17.5M | -42.9M | -70.2M | -35M | 9.5M | -16.2M | -69.4M | -45.1M | 48.6M | -45.9M | -68.7M | -17.7M | 47.7M | -37.5M | -76.4M | -24.5M | 17.3M | -127.4M | -17.6M | -20.7M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | -61.9M | -34M | -34.8M | -52.4M | -15.4M | -13.7M | -19.3M | -30.8M | -3.7M | -14.2M | -2.1M | -17.2M | -14.7M | -33.4M | -64M | -52.6M | -14.4M | -7.4M | -7.9M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -61.9M | -34.4M | -35.7M | -53M | -17.2M | -13.7M | -19.9M | -30.8M | -4.9M | -14.8M | -2.2M | -18.4M | -14.7M | -33.4M | -64M | -52.6M | -14.4M | -7.4M | -7.9M |
| Other Financing | 17.5M | 0 | 0 | 0 | -2.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100K | 0 | 0 | 300K | 600K | 200K | -800K |
| Net Change in Cash | 1.6M | 1.8M | -11.1M | 17.6M | -41.1M | 23.7M | -1.4M | -8.7M | 20.6M | 11.4M | -7.7M | -9.4M | -5.4M | 23.4M | -7M | 7.4M | -44.1M | -68.4M | 83M | 1.4M |
| Free Cash Flow | -16M | 44.7M | 59.2M | 51.7M | -51M | 41.3M | 67.3M | 36.8M | -40.2M | 56M | 61.3M | 7M | -62.1M | 58.5M | 68.7M | 30.9M | -62.1M | 62.7M | 100.4M | 20.9M |
| FCF Margin % | -7.79% | 25.91% | 33.77% | 23.7% | -25.36% | 26.42% | 37.49% | 15.16% | -19.76% | 31.73% | 34.06% | 2.89% | -31.27% | 34.88% | 36.41% | 11.61% | -29.43% | 26.93% | 40.53% | 7.81% |
| FCF Growth % | 68.63% | 8.23% | -12.04% | 40.49% | -26.87% | -26.25% | 9.79% | 425.71% | 35.27% | -4.27% | -10.77% | -77.35% | 0% | -6.7% | -31.57% | 47.85% | -34.13% | -34.07% | 48.52% | 375% |
| FCF per Share | -0.61 | 1.59 | 2.08 | 1.83 | -1.73 | 1.37 | 2.25 | 1.23 | -1.32 | 1.83 | 2.02 | 0.23 | -2.04 | 1.91 | 2.22 | 0.95 | -1.81 | 1.79 | 2.89 | 0.61 |
| FCF Conversion (FCF/Net Income) | -0.17x | 9.13x | -1.82x | 1.89x | -1.22x | 8.95x | 9.93x | 1.27x | -0.84x | 7.06x | 4.45x | 0.54x | -3.26x | 6.72x | 4.34x | 1.00x | -1.98x | 3.00x | 2.63x | 0.71x |
| Interest Paid | 0 | 3M | 3M | 3.7M | 1.9M | 2.6M | 0 | 4.7M | 2.8M | 3.8M | 4.1M | 4.6M | 4.1M | 2.7M | 2.1M | 1.9M | 900K | 10.8M | 400K | 10.3M |
| Taxes Paid | 0 | 1M | 2.8M | 17.8M | 3M | 7.3M | 12.2M | 19.4M | 1.9M | 5.9M | 11.6M | 18.1M | 2.7M | 4M | 12.4M | 19.5M | 2.5M | 33M | 7.7M | 21.8M |