Leonardo DRS, Inc. (DRS) quarterly cash flow statement — complete operating, investing & financing history
Leonardo DRS, Inc. (DRS) 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 | 35M | -66M | 425M | 107M | -28M | -138M | 443M | 59M | 34M | -265M | 515M | 36M | -12M | -334M | 279M | -4M | 13M | -255M | 289M | 74M |
| Operating CF Margin % | 3.83% | -7.8% | 40.09% | 11.15% | -3.38% | -17.27% | 45.16% | 7.27% | 4.52% | -38.52% | 55.62% | 5.12% | -1.91% | -58.7% | 34.02% | -0.63% | 2.07% | -41.67% | 35.24% | 10.28% |
| Operating CF Growth % | 225% | 52.17% | -4.06% | 81.36% | -182.35% | 47.92% | -13.98% | 63.89% | 383.33% | 20.66% | 84.59% | 1000% | -192.31% | -30.98% | -3.46% | -105.41% | -79.69% | -2.41% | -18.59% | - |
| Net Income | 86M | 62M | 102M | 72M | 54M | 50M | 89M | 57M | 38M | 29M | 74M | 47M | 35M | 12M | 65M | 279M | 25M | 36M | 58M | 35M |
| Depreciation & Amortization | 26M | 24M | 24M | 23M | 23M | 23M | 23M | 23M | 23M | 22M | 22M | 21M | 20M | 22M | 17M | 17M | 16M | 15M | 14M | 16M |
| Stock-Based Compensation | 7M | 0 | 13M | 5M | 6M | 8M | 6M | 5M | 10M | 1M | 17M | 0 | 4M | 4M | 5M | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 28M | -1M | 0 | 1M | 22M | 0 | 1M | 0 | -39M | -19M | 6M | 0 | -16M | -4M | 3M | 11M | -2M | 10M |
| Other Non-Cash Items | 56M | 4M | 0 | 0 | 0 | 0 | 0 | 0 | 1M | 0 | -12M | 5M | 0 | 0 | -4M | -350M | 0 | 0 | 1M | 0 |
| Working Capital Changes | -140M | -156M | 258M | 8M | -111M | -220M | 303M | -26M | -39M | -317M | 453M | -18M | -77M | -372M | 212M | 54M | -31M | -317M | 218M | 13M |
| Change in Receivables | 5M | 10M | -66M | -100M | -11M | -1M | 109M | -9M | 6M | -43M | 49M | -2M | -40M | 8M | 16M | -41M | 11M | 13M | -60M | 9M |
| Change in Inventory | -12M | -19M | 52M | -4M | -15M | -27M | 5M | 4M | -25M | -13M | 54M | -5M | -14M | -45M | 10M | 4M | -17M | -30M | 10M | 42M |
| Change in Payables | -7M | -152M | 1M | 76M | -30M | -126M | 121M | 29M | 43M | -178M | 70M | 38M | 32M | -199M | 166M | -15M | 50M | -215M | 194M | -21M |
| Cash from Investing | -29M | -29M | -49M | -45M | -28M | -32M | -29M | -11M | -34M | -10M | -17M | -16M | -12M | -14M | -12M | 470M | -9M | -13M | -19M | -26M |
| Capital Expenditures | -29M | -30M | -49M | -30M | -28M | -32M | -29M | -12M | -34M | -10M | -18M | -15M | -12M | -15M | -30M | -13M | -9M | -13M | -18M | -13M |
| CapEx % of Revenue | 3.18% | 3.55% | 4.62% | 3.13% | 3.38% | 4% | 2.96% | 1.48% | 4.52% | 1.45% | 1.94% | 2.13% | 1.91% | 2.64% | 3.66% | 2.05% | 1.44% | 2.12% | 2.2% | 1.81% |
| Acquisitions | -1M | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1M | -1M | 0 | 0 | 18M | 483M | 0 | 0 | 1M | -13M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 1M | 0 | 0 | -15M | 0 | 0 | 0 | 1M | 0 | 0 | 0 | 0 | 0 | 1M | 0 | 0 | 0 | 0 | -2M | 0 |
| Cash from Financing | -64M | -224M | -38M | -31M | -46M | -48M | -14M | 1M | -11M | -32M | -78M | -8M | -115M | 216M | -24M | -472M | -48M | 141M | -108M | -62M |
| Debt Issued (Net) | -1M | -195M | 0 | -1M | -8M | -1M | 0 | -2M | -12M | -29M | -82M | -10M | -118M | 218M | -25M | -70M | -48M | 141M | -109M | -63M |
| Equity Issued (Net) | -10M | -1M | -11M | -4M | -8M | -3M | -12M | 2M | 5M | 2M | 4M | 2M | 5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -24M | -24M | -24M | -24M | -24M | -24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -396M | -396M | 0 | 0 | 0 | 0 |
| Share Repurchases | -12M | -4M | -11M | -10M | -11M | -3M | -15M | -4M | -2M | 0 | 0 | 0 | 0 | -1M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -29M | -4M | -3M | -2M | -6M | -20M | -2M | 1M | -4M | -5M | 0 | 0 | -2M | -2M | 397M | -6M | 0 | 0 | 1M | 1M |
| Net Change in Cash | -58M | -319M | 338M | 31M | -102M | -218M | 400M | 49M | -11M | -307M | 420M | 12M | -139M | -132M | 243M | -6M | -44M | -127M | 162M | -13M |
| Free Cash Flow | 6M | -96M | 376M | 77M | -56M | -170M | 414M | 47M | 0 | -275M | 497M | 21M | -24M | -349M | 249M | -17M | 4M | -268M | 271M | 61M |
| FCF Margin % | 0.66% | -11.35% | 35.47% | 8.02% | -6.76% | -21.28% | 42.2% | 5.79% | - | -39.97% | 53.67% | 2.99% | -3.82% | -61.34% | 30.37% | -2.68% | 0.64% | -43.79% | 33.05% | 8.47% |
| FCF Growth % | 110.71% | 43.53% | -9.18% | 63.83% | - | 38.18% | -16.7% | 123.81% | 100% | 21.2% | 99.6% | 223.53% | -700% | -30.22% | -8.12% | -127.87% | -91.67% | -2.29% | -19.35% | - |
| FCF per Share | 0.02 | -0.36 | 1.40 | 0.29 | -0.21 | -0.63 | 1.54 | 0.18 | - | -1.03 | 1.87 | 0.08 | -0.09 | -1.33 | 1.09 | -0.12 | 0.02 | -1.86 | 1.87 | 0.42 |
| FCF Conversion (FCF/Net Income) | 0.41x | -1.06x | 4.17x | 1.49x | -0.52x | -2.76x | 4.98x | 1.04x | 0.89x | -9.14x | 6.96x | 0.77x | -0.34x | -27.83x | 4.29x | -0.01x | 0.52x | -7.08x | 4.98x | 2.11x |
| 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 |