Deswell Industries, Inc. (DSWL) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'26 | Q2'26 | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 |
|---|
| Cash from Operations | 2.96M | 2.23M | 9.82M | 3.71M | 8.24M | 4.96M | 9.02M | 3.97M | -626K | 443K | -364K | 3.66M | 10.52M | 2.6M | 2.77M | -605K | 3.56M | 2.14M | -2M | 921K |
| Operating CF Margin % | 10.53% | 6.73% | 30.29% | 10.54% | 26.06% | 13.16% | 27.26% | 8.94% | -1.37% | 1.11% | -0.98% | 13.22% | 38.05% | 6.89% | 8.72% | -1.74% | 11.52% | 7.18% | -8.38% | 4.46% |
| Operating CF Growth % | -69.87% | -39.74% | 19.18% | -25.28% | -8.65% | 24.94% | 1541.69% | 796.84% | -71.98% | -87.9% | -103.46% | 40.82% | 279.72% | 529.59% | -22.18% | -128.3% | 277.78% | 132.14% | -178.36% | 146.21% |
| Net Income | 3.11M | 7.52M | 4.95M | 6.18M | 4.15M | 3.56M | 2.62M | -560K | 4.06M | 4.3M | 6.7M | 1.53M | -2.57M | 1.25M | 1.52M | 2.76M | 2.52M | 3.67M | 665K | 711K |
| Depreciation & Amortization | 0 | 741K | 756K | 763K | 752K | 771K | 851K | 858K | 853K | 883K | 860K | 895K | 959K | 1.01M | 1.01M | 1.1M | 1.08M | 1.05M | 1.02M | 1.12M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 199K |
| Deferred Taxes | -508K | -63K | 1K | -22K | -143K | -22K | -73K | -105K | -523K | -34K | 125K | 81K | 120K | -28K | 63K | -179K | -117K | 3K | 0 | 135K |
| Other Non-Cash Items | -1.25M | -4.11M | -2.22M | -2.65M | -747K | -79K | -780K | 4.04M | -268K | -1.84M | -3.25M | 599K | 4.68M | 1.52M | 390K | -1.38M | -1.5M | -998K | -55K | 1.53M |
| Working Capital Changes | 1.61M | -1.86M | 6.33M | -569K | 4.23M | 737K | 6.41M | -261K | -4.75M | -2.87M | -4.8M | 553K | 7.33M | -1.16M | -213K | -2.9M | 1.57M | -1.59M | -3.63M | -2.44M |
| Change in Receivables | 2.49M | -4M | 7.37M | -5.23M | 4.74M | -1.09M | 6.56M | -3.84M | -708K | -2.63M | -656K | -2.15M | 9.17M | -6.04M | 3.21M | -3.43M | -299K | -1.78M | -2.41M | -1.91M |
| Change in Inventory | -1.23M | -384K | 2.73M | -5K | 2.67M | 2.55M | 3.13M | 3.25M | -3.1M | -4.51M | -5.9M | -1.72M | 1.91M | 2.11M | -247K | -106K | 67K | -2.61M | -724K | -1.78M |
| Change in Payables | -421K | 1.52M | -2.51M | 3.04M | -2.42M | 676K | -3.18M | 295K | -2.32M | 2.63M | 1.31M | 3.6M | -4.12M | 2.47M | -2.94M | 593K | 1.6M | 1.84M | 0 | 3.31M |
| Cash from Investing | -1.52M | -5.39M | 6.46M | -4.43M | -8.28M | -8.15M | -848K | -267K | -1.69M | -1.74M | 2.58M | -5.3M | 141K | -2.8M | -2.93M | 1.53M | -82K | 2.61M | 1.2M | -1.48M |
| Capital Expenditures | -155K | -326K | -203K | -129K | -240K | -141K | -474K | -318K | -682K | -822K | -466K | -85K | -237K | -270K | -649K | -229K | -1.13M | -577K | -1.75M | -397K |
| CapEx % of Revenue | 0.55% | 0.98% | 0.63% | 0.37% | 0.76% | 0.37% | 1.43% | 0.72% | 1.49% | 2.07% | 1.25% | 0.31% | 0.86% | 0.72% | 2.04% | 0.66% | 3.66% | 1.94% | 7.35% | 1.92% |
| Acquisitions | 43K | 42K | 44K | 25K | 106K | 126K | 15K | 52K | 34K | 16K | 81K | 0 | 183K | 5K | 12K | 13K | 0 | 6K | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | -776K | 776K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.95M | -1.08M |
| Cash from Financing | -1.76M | -1.59M | -1.59M | -1.59M | -1.59M | -1.59M | -1.59M | -1.59M | -1.59M | -1.55M | -1.43M | -1.43M | -1.27M | -1.05M | -953K | -635K | 0 | -1.11M | -1.43M | -1.12M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -169K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43K | 0 | 0 | 0 | 64K | 0 | 0 | 0 | 0 | -308K | 0 |
| Dividends Paid | -1.59M | -1.59M | -1.59M | -1.59M | -1.59M | -1.59M | -1.59M | -1.59M | -1.59M | -1.59M | -1.43M | -1.43M | -1.27M | -1.11M | -953K | -635K | 0 | -1.11M | -1.12M | -1.12M |
| Share Repurchases | -169K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -308K | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -723K |
| Net Change in Cash | -320K | -4.75M | 14.7M | -2.31M | -1.63M | -4.78M | 6.58M | 2.11M | -3.91M | -2.84M | 784K | -3.08M | 9.39M | -1.25M | -1.11M | 290K | 15.19M | 11.71M | 8.08M | 10.32M |
| Free Cash Flow | 2.81M | 1.91M | 9.62M | 3.58M | 8M | 4.82M | 8.55M | 3.65M | -1.31M | -379K | -830K | 3.58M | 10.29M | 2.33M | 2.12M | -834K | 2.43M | 1.56M | -3.76M | 524K |
| FCF Margin % | 9.98% | 5.74% | 29.67% | 10.18% | 25.3% | 12.78% | 25.83% | 8.22% | -2.86% | -0.95% | -2.23% | 12.91% | 37.19% | 6.18% | 6.68% | -2.4% | 7.87% | 5.25% | -15.73% | 2.54% |
| FCF Growth % | -70.85% | -46.68% | 20.21% | -25.77% | -6.4% | 31.96% | 753.75% | 1064.38% | -57.59% | -110.6% | -108.07% | 53.5% | 384.68% | 379.26% | -12.71% | -153.43% | 164.69% | 197.9% | -275.12% | 124.1% |
| FCF per Share | 0.18 | 0.12 | 0.60 | 0.22 | 0.50 | 0.30 | 0.53 | 0.23 | -0.08 | -0.02 | -0.05 | 0.22 | 0.65 | 0.15 | 0.13 | -0.05 | 0.15 | 0.10 | -0.23 | 0.03 |
| FCF Conversion (FCF/Net Income) | 0.95x | 0.30x | 1.98x | 0.60x | 1.99x | 1.40x | 3.45x | -7.09x | -0.15x | 0.10x | -0.05x | 2.39x | -4.10x | 2.08x | 1.83x | -0.22x | 1.41x | 0.58x | -3.01x | 1.30x |
| 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 | 156K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |