Ecolab Inc. (ECL) quarterly cash flow statement — complete operating, investing & financing history
Ecolab Inc. (ECL) cash flow statement — 30-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 | 729.5M | 445.9M | 1.09B | 791.3M | 701.8M | 369.4M | 766.7M | 786.7M | 611.1M | 649.4M | 852.5M | 787.7M | 573.4M | 198.2M | 859.2M | 436.7M | 322.4M | 170.1M | 640.9M | 622.7M |
| Operating CF Margin % | 16.52% | 10.97% | 25.98% | 19% | 17.44% | 10% | 19.14% | 19.67% | 15.33% | 17.31% | 21.65% | 19.9% | 14.89% | 5.55% | 23.4% | 11.9% | 9% | 5.21% | 19.05% | 18.75% |
| Operating CF Growth % | 3.95% | 20.71% | 42.18% | 0.58% | 14.84% | -43.12% | -10.06% | -0.13% | 6.57% | 227.65% | -0.78% | 80.38% | 77.85% | 16.52% | 34.06% | -29.87% | -35.9% | -42.4% | -1.37% | 37.83% |
| Net Income | 538.7M | 436.6M | 568.6M | 589.7M | 528.5M | 406.5M | 492.4M | 736.5M | 490.9M | 412.1M | 405.2M | 409.4M | 334.7M | 238.1M | 269.5M | 352M | 312.7M | 174.7M | 305.3M | 328.6M |
| Depreciation & Amortization | 268.9M | 263.1M | 178.8M | 16M | 241.7M | 236.1M | 235.5M | 230.1M | 235M | 234.8M | 230.5M | 229.4M | 229.4M | 234.3M | 236.5M | 232.8M | 234.7M | 234.7M | 215.6M | 206.9M |
| Stock-Based Compensation | 34.8M | 40.3M | 27.1M | 33.6M | 33.7M | 42.2M | 25.3M | 26.6M | 35.9M | 47M | 21.7M | 14.7M | 27.3M | 31.4M | 20.6M | 14.4M | 24.6M | 28.2M | 17M | 13.6M |
| Deferred Taxes | 15.5M | 19.4M | 23.7M | 3.6M | -39.7M | -21M | -40.8M | -12M | -63.3M | -74.4M | -9.8M | -9.1M | -18.8M | -18M | -36M | -49M | -41.9M | -15.7M | -53.8M | 13.2M |
| Other Non-Cash Items | 6.3M | 5.1M | 110.9M | 187.6M | -15.1M | 6.3M | 22.2M | -385.5M | -5.4M | -5.1M | -18.7M | -44.8M | -800K | -37M | 108.2M | 5.2M | -14M | -27.1M | -6.8M | 9.4M |
| Working Capital Changes | -134.7M | -318.6M | 181M | -39.2M | -47.3M | -300.7M | 32.1M | 191M | -82M | 35M | 223.6M | 188.1M | 1.6M | -250.6M | 260.4M | -118.7M | -193.7M | -224.7M | 163.6M | 51M |
| Change in Receivables | -210.5M | 13.5M | -35.6M | -27.9M | -113.3M | -9.1M | -37.4M | 800K | -159.1M | 49M | 4.6M | -36.1M | -93.8M | 41M | 31.2M | -116.8M | -204.4M | -29.6M | -77.2M | -81.9M |
| Change in Inventory | -84.1M | -47.3M | 74M | 39.3M | -7.8M | -69.1M | 48M | -71.3M | -26.8M | -65.5M | 53.9M | 115.5M | 80.3M | 70.6M | -17.2M | -134.9M | -156M | -94.8M | 6.8M | 23.7M |
| Change in Payables | 130.8M | 15.5M | 115.5M | -55.2M | 9.9M | -2.5M | 22.3M | 67.6M | 127.4M | 82.7M | 13.4M | 19M | 3.8M | -268.5M | 134.5M | 96.4M | 138.3M | 25.5M | 128.9M | 38M |
| Cash from Investing | -274M | -355.5M | -1.98B | -280.6M | -224.4M | -224M | -627.5M | 639.1M | -244.4M | -201M | -348.4M | -178.6M | -274.1M | -189.4M | -210.4M | -195.6M | -181.6M | -129.2M | -3.94B | -290.7M |
| Capital Expenditures | -240.1M | -348.5M | -332.1M | -261.6M | -216.7M | -237.9M | -359.7M | -236.4M | -196.9M | -201.5M | -262.6M | -166.5M | -172M | -173.7M | -202.8M | -192.5M | -168.8M | -148.7M | -219.2M | -178.2M |
| CapEx % of Revenue | 5.44% | 8.57% | 7.91% | 6.28% | 5.38% | 6.44% | 8.98% | 5.91% | 4.94% | 5.37% | 6.67% | 4.21% | 4.47% | 4.86% | 5.52% | 5.25% | 4.71% | 4.55% | 6.51% | 5.37% |
| Acquisitions | -27M | 0 | -1.62B | 14.9M | -500K | -14.9M | -259.8M | 871.8M | -35.9M | 700K | -73.2M | -1.8M | -101.2M | 4.8M | 800K | 700K | -7.2M | 300K | -3.71B | -120.1M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -6.9M | -7M | -25.3M | -33.9M | -7.2M | 28.8M | -8M | 3.7M | -11.6M | -200K | -12.6M | -10.3M | -900K | -20.5M | -8.4M | -3.8M | -5.6M | 19.5M | -8.2M | 7.6M |
| Cash from Financing | 4.15B | -225.8M | -431.6M | -477.4M | 297.3M | -241.6M | -140.1M | -548.3M | -446.4M | -889.3M | -585.5M | -147M | -155.8M | -166.4M | -161.7M | -247.4M | -122.9M | -305.3M | 2.76B | -841M |
| Debt Issued (Net) | 4.73B | 254.6M | -345.9M | -153.3M | 494.7M | 4.5M | -1.4M | 800K | -5.5M | -622.4M | -501.6M | -2M | -3.8M | 5.5M | 2.1M | -120.4M | 125.9M | 82.1M | 2.87B | -722.7M |
| Equity Issued (Net) | -313.6M | -260.9M | 331.6M | -132.4M | -45.5M | -153.7M | -235.6M | -385.9M | -274.1M | -90.9M | -2M | 9.8M | -300K | -10.6M | -72.8M | -42.6M | -140.7M | -262.1M | -28.8M | -7.2M |
| Dividends Paid | -208.2M | -215.9M | -189.2M | -184.4M | -188M | -192M | -161.4M | -162.2M | -165.5M | -175.2M | -154.7M | -154M | -150.9M | -157.7M | -157.8M | -144.9M | -146.1M | -154M | -139.9M | -139.9M |
| Share Repurchases | -324.9M | -344.4M | 331.6M | -132.4M | -45.5M | -153.7M | -2.8M | -464.3M | -323M | -196.4M | -2M | -800K | -300K | -10.6M | -72.8M | -42.6M | -140.7M | -262.1M | -28.8M | -7.2M |
| Other Financing | -52.2M | -3.6M | -228.1M | -7.3M | 36.1M | 99.6M | 258.3M | -1M | -1.3M | -800K | 72.8M | -800K | -800K | -3.6M | 66.8M | 60.5M | 38M | 28.7M | 56.8M | 28.8M |
| Net Change in Cash | 4.62B | -126.4M | -1.31B | 34.9M | 758.3M | -94.2M | -4.3M | 877.1M | -95.9M | -439.6M | -81.8M | 447.1M | 134.8M | -179.2M | 485.7M | -12M | 25.5M | -260.5M | -538M | -504.5M |
| Free Cash Flow | 489.4M | 97.4M | 758M | 529.7M | 485.1M | 131.5M | 407M | 550.3M | 414.2M | 447.9M | 589.9M | 621.2M | 401.4M | 24.5M | 656.4M | 244.2M | 153.6M | 21.4M | 421.7M | 444.5M |
| FCF Margin % | 11.08% | 2.4% | 18.06% | 12.72% | 12.05% | 3.56% | 10.16% | 13.76% | 10.39% | 11.94% | 14.98% | 15.69% | 10.42% | 0.69% | 17.88% | 6.66% | 4.29% | 0.66% | 12.53% | 13.39% |
| FCF Growth % | 0.89% | -25.93% | 86.24% | -3.74% | 17.12% | -70.64% | -31.01% | -11.41% | 3.19% | 1728.16% | -10.13% | 154.38% | 161.33% | 14.49% | 55.66% | -45.06% | -57.27% | -88.92% | -19.38% | 30.7% |
| FCF per Share | 1.73 | 0.34 | 2.67 | 1.86 | 1.70 | 0.46 | 1.42 | 1.92 | 1.44 | 1.56 | 2.05 | 2.17 | 1.40 | 0.09 | 2.30 | 0.85 | 0.54 | 0.07 | 1.46 | 1.54 |
| FCF Conversion (FCF/Net Income) | 1.36x | 1.03x | 1.93x | 1.35x | 1.34x | 0.92x | 1.62x | 1.07x | 1.24x | 1.58x | 2.10x | 1.95x | 1.74x | 0.85x | 3.25x | 1.26x | 1.05x | 0.99x | 2.13x | 1.92x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 342.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 647.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |