GFL Environmental Inc. (GFL) quarterly cash flow statement — complete operating, investing & financing history
GFL Environmental Inc. (GFL) cash flow statement — 9-year operating, investing & financing cash flows
| Metric | Q3'26 | 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 |
|---|
| Cash from Operations | 365M | 409.58M | 158.91M | 445.3M | 391.1M | 306.1M | 173.5M | 565.3M | 347.1M | 263.27M | 197.17M | 401.4M | 125.8M | 195.99M | 192.5M | 403M | 286.1M | 231.2M | 176M | 283.8M |
| Operating CF Margin % | 16.93% | 21.02% | 9.67% | 26.41% | 23.08% | 18.27% | 11.12% | 28.47% | 22.33% | 16.65% | 10.95% | 21.32% | 6.66% | 10.08% | 10.7% | 22.13% | 15.62% | 13.54% | 12.56% | 18.43% |
| Operating CF Growth % | -6.67% | 33.81% | -8.41% | -21.23% | 12.68% | 16.27% | -12.01% | 40.83% | 175.91% | 34.33% | 2.43% | -0.4% | -56.03% | -15.23% | 9.38% | 42% | 27.78% | 30.25% | -17.25% | 73.58% |
| Net Income | -28M | -159.87M | -216.26M | 33.9M | 114.3M | 274.2M | 3.41B | -199.5M | 110.6M | -387.86M | -141.81M | -62.1M | 18.3M | 222.47M | -217.8M | -219.1M | -183.7M | 64.3M | 27.4M | -160.6M |
| Depreciation & Amortization | 453.3M | 388.67M | 346.3M | 340.4M | 333.5M | 322.9M | 319.3M | 406.3M | 399.9M | 397.9M | 268.48M | 390.1M | 349.2M | 280.49M | 378.6M | 405.4M | 388.2M | 374.5M | 357.4M | 405.6M |
| Stock-Based Compensation | 23.8M | 0 | 0 | 56.5M | 18.6M | 16.7M | 59.7M | 14.1M | 18M | 0 | 0 | 68.1M | 26.5M | 0 | 15M | 15.1M | 13.4M | 13.1M | 13.5M | 14.5M |
| Deferred Taxes | 16.6M | -29.41M | -89.73M | 0 | 0 | 28M | 821.7M | -116.7M | 20.5M | -59.41M | -68.5M | -18.9M | -18M | -77.93M | -42.1M | -23.8M | -75.8M | -47.9M | -23.6M | 69.7M |
| Other Non-Cash Items | -39.2M | 224.6M | 236.1M | -73.1M | -5.1M | -223.4M | -4.39B | 310.7M | -163.5M | 368.68M | 178.28M | -176.4M | -263.1M | -141M | 124.6M | 109.7M | 184.8M | -82M | -129.1M | -117.3M |
| Working Capital Changes | -61.5M | -14.41M | -117.5M | 87.6M | -70.2M | -112.3M | -41.5M | 150.4M | -38.4M | -56.04M | -39.27M | 200.6M | 12.9M | -88.04M | -65.8M | 115.7M | -40.8M | -90.8M | -69.6M | 71.9M |
| Change in Receivables | 0 | 0 | 0 | 0 | -35.7M | 0 | 39.9M | 0 | 0 | -99.23M | 10.85M | 108M | -36.9M | -64.12M | 71.6M | 108.9M | -111.5M | -198.2M | -20.2M | -5M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | -79.7M | 0 | 0 | 81.4M | -42.45M | 0 | 46M | 17.73M | -110M | 0 | 0 | 0 | -41.5M | 82.6M |
| Cash from Investing | -1.3B | -1.62B | -526.56M | -576.2M | -414.8M | -431.9M | 5.38B | -314.5M | -309.6M | -488.4M | -295.43M | -509M | -638M | 994.53M | -481.7M | -404.3M | -334.7M | -804.6M | -190.6M | -1.14B |
| Capital Expenditures | -239M | -287.72M | -387.2M | -248.3M | -289.5M | -289M | -314.6M | -317.2M | -281.1M | -218.04M | -218.73M | -231.5M | -276.3M | -211.68M | -272.9M | -237.3M | -210.6M | -129M | -203.2M | -229.4M |
| CapEx % of Revenue | 11.09% | 14.77% | 23.56% | 14.72% | 17.09% | 17.25% | 20.17% | 15.97% | 18.09% | 13.79% | 12.14% | 12.3% | 14.62% | 10.89% | 15.17% | 13.03% | 11.5% | 7.55% | 14.5% | 14.9% |
| Acquisitions | -1.09B | -1.33B | -139.36M | -366.7M | -330.6M | -154M | 5.69B | -19.5M | -62.1M | -270.36M | -76.7M | -288.3M | -392.3M | 1.23B | -222M | -202.5M | -136.5M | -899.9M | -79.3M | -996.5M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 19.9M | 0 | 0 | 38.8M | 205.3M | 11.1M | 7.3M | 22.2M | 33.6M | 0 | 0 | 10.8M | 30.6M | 2.11M | 13.2M | 35.5M | 12.4M | 224.3M | 91.9M | 89.3M |
| Cash from Financing | 1.04B | -22.31M | 1.71B | 22.1M | 79.2M | -255.7M | -5.16B | -199.6M | -73.8M | 276.13M | 49.75M | 80.5M | 604.9M | -1.19B | 286.8M | -150.5M | 67.7M | 632.2M | 19.6M | -100.7M |
| Debt Issued (Net) | 1.09B | 45.22M | 1.81B | 240.3M | 464.8M | 36.7M | -3.05B | -193.2M | -66.9M | 317.34M | 85.34M | 125.6M | 623.1M | -1.17B | 283.6M | -139.4M | 76.7M | 639M | 34.6M | -461.9M |
| Equity Issued (Net) | 0 | -14.01M | -57.15M | -208.9M | -346.3M | -277.6M | -2.13B | 0 | 0 | 876.84K | -885.84K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 372.5M |
| Dividends Paid | -8.6M | -8.4M | -7.52M | -7.6M | -7.6M | -8M | -7.9M | -7.5M | -7.2M | -5.19M | -4.72M | -6.5M | -6.4M | -4.9M | -5.6M | -5.6M | -5.4M | -5M | -4.7M | -4.8M |
| Share Repurchases | 0 | -14.01M | -57.15M | -208.9M | -346.3M | -277.6M | -2.13B | 0 | 0 | 876.84K | -885.84K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -33.7M | -45.12M | -40M | -1.7M | -31.7M | -6.8M | 25.5M | 1.1M | 300K | -36.9M | -29.97M | -38.6M | -11.8M | -16.82M | 8.8M | -5.5M | -3.6M | -1.8M | -10.3M | -6.5M |
| Net Change in Cash | 104.4M | -1.28B | 1.35B | -109M | 54.9M | -397.5M | 403.4M | 34.3M | -34.7M | 46.39M | -50.71M | -38.5M | 92M | 8.04M | -9.1M | -155.3M | 6.8M | 41.3M | -1.1M | -959.1M |
| Free Cash Flow | 126M | 121.85M | -228.29M | 197M | 101.6M | 17.1M | -141.1M | 248.1M | 66M | 45.23M | -21.56M | 169.9M | -150.5M | -15.69M | -80.4M | 165.7M | 75.5M | 102.2M | -27.2M | 54.4M |
| FCF Margin % | 5.85% | 6.25% | -13.89% | 11.68% | 6% | 1.02% | -9.04% | 12.49% | 4.25% | 2.86% | -1.2% | 9.02% | -7.96% | -0.81% | -4.47% | 9.1% | 4.12% | 5.99% | -1.94% | 3.53% |
| FCF Growth % | 24.02% | 612.59% | -61.79% | -20.6% | 53.94% | -62.19% | -554.59% | 46.03% | 143.85% | 388.25% | 73.19% | 2.53% | -299.34% | -115.35% | -195.59% | 204.6% | -15.36% | 297.67% | -133.42% | 33.01% |
| FCF per Share | 0.33 | 0.34 | -0.64 | 0.54 | 0.27 | 0.04 | -0.36 | 0.63 | 0.17 | 0.12 | -0.06 | 0.46 | -0.41 | -0.04 | -0.22 | 0.45 | 0.20 | 0.28 | -0.07 | 0.15 |
| FCF Conversion (FCF/Net Income) | -16.90x | -2.56x | -0.74x | 13.14x | 3.42x | 1.11x | 0.05x | -2.99x | 3.14x | -0.56x | -1.14x | -7.69x | 5.69x | 0.66x | -0.88x | -1.83x | -1.56x | 3.60x | 6.42x | -1.77x |
| Interest Paid | 0 | 0 | 0 | 0 | 118.1M | 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 |