Ferrovial SE (FER) quarterly cash flow statement — complete operating, investing & financing history
Ferrovial SE (FER) cash flow statement — 21-year operating, investing & financing cash flows
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|
| Cash from Operations | 786M | 778M | 778M | 185M | 185M | 549M | 549M | 97.5M | 97.5M | 490.5M | 490.5M |
| Operating CF Margin % | 16.72% | 28.65% | 30.17% | 8.28% | 8.28% | 22.5% | 22.5% | 4.08% | 4.57% | 21.39% | 21.5% |
| Operating CF Growth % | 324.86% | 41.71% | 41.71% | 89.74% | 89.74% | 11.93% | 11.93% | - | - | - | - |
| Net Income | 251M | 174M | 174M | 270M | 270M | 1.41B | 1.41B | 207M | 207M | 173M | 173M |
| Depreciation & Amortization | 255M | 133M | 133M | 112M | 112M | 111.5M | 111.5M | 109M | 109M | 100M | 100M |
| Stock-Based Compensation | 0 | 7M | 7M | 0 | 0 | 6.5M | 6.5M | 0 | 0 | 5.5M | 5.5M |
| Deferred Taxes | 47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 160M | 271.5M | 271.5M | -36M | -36M | -1.02B | -1.02B | -66M | -66M | 99M | 99M |
| Working Capital Changes | 73M | 192.5M | 192.5M | -161M | -161M | 42.5M | 42.5M | -152.5M | -152.5M | 113M | 113M |
| Change in Receivables | 0 | 192.5M | 192.5M | -161M | -161M | 42.5M | 42.5M | -152.5M | -152.5M | 113M | 113M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -151M | 127M | 127M | -572.5M | -572.5M | 854.5M | 854.5M | -198M | -198M | -274.5M | -274.5M |
| Capital Expenditures | -226M | -191M | -191M | -135.5M | -135.5M | -136M | -136M | -70M | -70M | -111.5M | -111.5M |
| CapEx % of Revenue | 4.81% | 7.03% | 7.41% | 6.06% | 6.06% | 5.57% | 5.57% | 2.93% | 3.28% | 4.86% | 4.89% |
| Acquisitions | -58M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 318M | 318M | -437M | -437M | 990.5M | 990.5M | -128M | -128M | -163M | -163M |
| Cash from Financing | -1.05B | -214M | -214M | -527.5M | -527.5M | -819.5M | -819.5M | -476M | -476M | -161.5M | -161.5M |
| Debt Issued (Net) | -337M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -300M | -103.5M | -103.5M | -147M | -147M | -253.5M | -253.5M | -233M | -233M | -31M | -31M |
| Dividends Paid | -98M | -78M | -78M | 0 | 0 | -65M | -65M | 0 | 0 | 0 | 0 |
| Share Repurchases | -300M | -103.5M | -103.5M | -147M | -147M | -253.5M | -253.5M | -233M | -233M | -31M | -31M |
| Other Financing | -314M | -32.5M | -32.5M | -380.5M | -380.5M | -501M | -501M | -243M | -243M | -130.5M | -130.5M |
| Net Change in Cash | -395M | 0 | 0 | 0 | 0 | 0 | -3.66B | -564.5M | -564.5M | 52.5M | 52.5M |
| Free Cash Flow | 733M | 587M | 587M | 49.5M | 49.5M | 413M | 413M | 27.5M | 27.5M | 379M | 379M |
| FCF Margin % | 15.59% | 21.61% | 22.76% | 2.22% | 2.22% | 16.93% | 16.93% | 1.15% | 1.29% | 16.53% | 16.62% |
| FCF Growth % | 1380.81% | 42.13% | 42.13% | 80% | 80% | 8.97% | 8.97% | - | - | - | - |
| FCF per Share | 1.02 | 0.82 | 0.82 | 0.07 | 0.07 | 0.57 | 0.57 | 0.04 | 0.04 | 0.52 | 0.54 |
| FCF Conversion (FCF/Net Income) | 3.05x | 3.69x | 4.47x | 0.69x | 0.69x | 0.39x | 0.39x | 0.47x | 0.64x | 2.84x | 2.84x |
| Interest Paid | 0 | 105.5M | 105.5M | 122M | 122M | 115M | 115M | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |