Herbalife Nutrition Ltd. (HLF) quarterly cash flow statement — complete operating, investing & financing history
Herbalife Nutrition Ltd. (HLF) cash flow statement — 23-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 | 146.7M | 113.8M | 98.3M | 138.8M | 96M | 200K | 69.6M | 99.5M | 102.5M | 13.8M | 96.1M | 79.6M | 135.6M | 46.2M | 53.6M | 69.6M | 98.8M | 130.5M | 85.4M | 88M |
| Operating CF Margin % | 11.06% | 8.64% | 7.66% | 10.9% | 7.62% | 0.02% | 5.76% | 8.02% | 8% | 1.09% | 7.91% | 6.21% | 10.32% | 3.69% | 4.54% | 5.37% | 7.09% | 9.77% | 6.48% | 6.15% |
| Operating CF Growth % | 52.81% | 56800% | 41.24% | 39.5% | -6.34% | -98.55% | -27.58% | 25% | -24.41% | -70.13% | 79.29% | 14.37% | 37.25% | -64.6% | -37.24% | -20.91% | -44.12% | 18.53% | -24.09% | -32.88% |
| Net Income | 34.7M | 61.9M | 85.1M | 43.1M | 49.2M | 50.4M | 177.9M | 47.4M | 4.7M | 24.3M | 10.2M | 42.8M | 59.9M | 29.3M | 54.4M | 82.2M | 86.5M | 98.2M | 38.2M | 117.4M |
| Depreciation & Amortization | 60.8M | 29.4M | 29.3M | 30.7M | 30.5M | 30.7M | 29M | 30.6M | 32.6M | 29.2M | 28.2M | 28.4M | 29.1M | 27.6M | 28.2M | 28.6M | 29.4M | 29.2M | 27.5M | 26.6M |
| Stock-Based Compensation | 20.7M | 0 | 10.9M | 11.2M | 10.4M | 11.6M | 13.3M | 13M | 11.8M | 11.9M | 12.3M | 13.7M | 11.2M | 10.8M | 6.9M | 11.4M | 13.7M | 12.4M | 11.8M | 14.4M |
| Deferred Taxes | -13.9M | 300K | -69.5M | 28M | -9.6M | -13.1M | -176.9M | -25.2M | -15.4M | -12.1M | -15.2M | -17.5M | -17.2M | 8.8M | -18.4M | -19.1M | 1.7M | 5.9M | -36.2M | -4.4M |
| Other Non-Cash Items | 117.5M | 18.1M | 5.8M | 9.9M | 8.7M | 15.5M | 4.2M | 17.8M | 28.1M | 6.7M | 20.8M | 1.7M | 6.1M | 18.8M | -4.7M | 18.6M | -700K | 11.2M | 27.6M | 14M |
| Working Capital Changes | -73.1M | 4.1M | 36.7M | 15.9M | 6.8M | -94.9M | 22.1M | 15.9M | 40.7M | -46.2M | 39.8M | 10.5M | 46.5M | -49.1M | -12.8M | -52.1M | -31.8M | -26.4M | 16.5M | -80M |
| Change in Receivables | -23.7M | -14.3M | 5.9M | -3.2M | -2.4M | -20M | 9.5M | 1.5M | 2.6M | -7.7M | 22.4M | 8.6M | 12.2M | -13.8M | 14.8M | -4.6M | -2.6M | -16.7M | 16.3M | -46.8M |
| Change in Inventory | -11.8M | 4.2M | 1.9M | -7.9M | -5.2M | -16.7M | 11.3M | -35.1M | 100K | -6.7M | -5.4M | 12.2M | 14.9M | 35.8M | -31M | -22.1M | -7.4M | -7.9M | -36.9M | -35.2M |
| Change in Payables | 0 | -12.1M | 11.7M | -3.6M | 4.5M | 11.5M | -15.5M | 4.4M | -4.8M | 1.3M | 4.7M | -11.3M | 23.3M | -24.1M | 2.6M | -13.9M | 12.5M | -2.3M | -4.9M | -5M |
| Cash from Investing | -32.8M | -11.2M | -18.7M | -20.6M | -50.6M | -18.8M | -25.6M | 10M | -36.2M | -32.8M | -35.2M | -31.1M | -38.3M | -30.2M | -42.8M | -37.6M | -34.6M | -41.2M | -47.5M | -40.5M |
| Capital Expenditures | -22.2M | -10.9M | -18.5M | -20.8M | -22.8M | -18.3M | -25.7M | -27.1M | -36.3M | -32.9M | -35.3M | -31.1M | -38.3M | -30.3M | -42.8M | -37.7M | -34.6M | -41.3M | -46.9M | -36.1M |
| CapEx % of Revenue | 1.67% | 0.83% | 1.44% | 1.63% | 1.81% | 1.5% | 2.13% | 2.19% | 2.83% | 2.6% | 2.91% | 2.43% | 2.91% | 2.42% | 3.62% | 2.91% | 2.48% | 3.09% | 3.56% | 2.52% |
| Acquisitions | -10M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -600K | -300K | -200K | 200K | -27.8M | -500K | 100K | 37.1M | 100K | 100K | 100K | 0 | 0 | 100K | 0 | 100K | 0 | 100K | -600K | -4.4M |
| Cash from Financing | -80.7M | 2M | -32.7M | -130.4M | -60.2M | -72.2M | -9M | -86.1M | -82M | -158.2M | 8.3M | -71.3M | -9.3M | -76M | -49.5M | -56.2M | -36.6M | -122.4M | -108.6M | -200.2M |
| Debt Issued (Net) | -59.4M | -5.2M | 253.9M | -127.6M | -121M | -5.3M | -5.3M | -85.2M | -58.5M | -156.5M | 8.7M | -71.7M | -8.3M | -67.4M | -43M | -57.3M | -7.4M | -7.3M | -7.5M | -24.4M |
| Equity Issued (Net) | -10M | -700K | 8.1M | -1.3M | -4.6M | -2.2M | -2.6M | 0 | -3.4M | -2.3M | -1.3M | -300K | -700K | -8.7M | -100K | -100K | -30.3M | -116.2M | -102.1M | -176M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -10M | -700K | 8.1M | -1.3M | -4.6M | -2.2M | -2.6M | 0 | -3.4M | -2.3M | -1.3M | -300K | -700K | -8.7M | -100K | -100K | -30.3M | -116.2M | -102.1M | -176M |
| Other Financing | -11.3M | 7.9M | -294.7M | -1.5M | 65.4M | -64.7M | -1.1M | -900K | -20.1M | 600K | 900K | 700K | -300K | 100K | -6.4M | 1.2M | 1.1M | 1.1M | 1M | 200K |
| Net Change in Cash | 18.1M | 97.6M | 47.3M | -15.6M | -7.4M | -87.1M | 20.2M | 28.6M | -23.2M | -183M | 79.5M | -31.3M | 85.5M | -54.5M | -24.4M | -49.2M | 11.3M | -31.8M | -76.6M | -159.3M |
| Free Cash Flow | 124.5M | 102.9M | 79.8M | 118M | 73.2M | -18.1M | 43.9M | 72.4M | 66.2M | -19.1M | 60.8M | 48.5M | 97.3M | 15.9M | 10.8M | 31.9M | 64.2M | 89.2M | 38.5M | 51.9M |
| FCF Margin % | 9.38% | 7.81% | 6.22% | 9.26% | 5.81% | -1.48% | 3.64% | 5.84% | 5.17% | -1.51% | 5% | 3.79% | 7.4% | 1.27% | 0.91% | 2.46% | 4.61% | 6.68% | 2.92% | 3.63% |
| FCF Growth % | 70.08% | 668.51% | 81.78% | 62.98% | 10.57% | 5.24% | -27.8% | 49.28% | -31.96% | -220.13% | 462.96% | 52.04% | 51.56% | -82.17% | -71.95% | -38.54% | -54.73% | 16.3% | -49.41% | -50.62% |
| FCF per Share | 1.19 | 0.95 | 0.77 | 1.13 | 0.71 | -0.18 | 0.43 | 0.71 | 0.65 | -0.19 | 0.61 | 0.48 | 0.98 | 0.16 | 0.11 | 0.32 | 0.65 | 0.88 | 0.37 | 0.48 |
| FCF Conversion (FCF/Net Income) | -5.58x | 1.84x | 1.15x | 3.21x | 1.95x | 0.00x | 0.39x | 2.10x | 21.81x | 0.57x | 9.42x | 1.86x | 2.26x | 1.58x | 0.99x | 0.85x | 1.14x | 1.33x | 2.24x | 0.75x |
| 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 |