InterContinental Hotels Group PLC (IHG) quarterly cash flow statement — complete operating, investing & financing history
InterContinental Hotels Group PLC (IHG) cash flow statement — 26-year operating, investing & financing cash flows
| Metric | 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 | Q4'16 |
|---|
| Cash from Operations | 355M | 579.95M | 314.68M | 562M | 162M | 578M | 315M | 471M | 175M | 463M | 173M | 151M | -14M | 229.5M | 194M | 403M | 306M | 407M | 227M | 370M |
| Operating CF Margin % | 13.35% | 21.72% | 12.39% | 21.61% | 6.98% | 29.67% | 14.15% | 28.27% | 12.55% | 33.67% | 18.35% | 17.08% | -1.6% | 12.97% | 11.5% | 24.45% | 20.16% | 15.39% | 15.87% | 42.19% |
| Operating CF Growth % | 12.81% | 3.19% | 94.25% | -2.77% | -48.57% | 22.72% | 80% | 1.73% | 1.16% | 206.62% | 1335.71% | -34.2% | -107.22% | -43.05% | -36.6% | -0.98% | 34.8% | 10% | -40.58% | -7.73% |
| Net Income | 425M | 289M | 473.03M | 281M | 347M | 291M | 459M | 159M | 216M | 218M | 48M | -50M | -210M | 39.5M | 306M | 116M | 233M | 345M | 248M | 217M |
| Depreciation & Amortization | 65M | 72.73M | 73.63M | 72.27M | 72M | 73.09M | 77M | 75.96M | 78M | 52.92M | 45M | 91M | 55M | 16.5M | 56M | 36M | 55M | 86M | 53M | 79M |
| Stock-Based Compensation | 42M | 35M | 37M | 33M | 34M | 31M | 25M | 20M | 26M | 21M | 20M | 22M | 10M | 11.5M | 20M | 19M | 19M | 8M | 13M | 6M |
| Deferred Taxes | 0 | 0 | 10.09M | 0 | 0 | 0 | 0 | 112M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -160M | 0 | -57M |
| Other Non-Cash Items | 22M | -11.78M | -82.7M | -59.27M | 57M | -24.09M | 36M | 43.04M | 44M | 224.08M | 89M | -67M | 245M | 47.5M | 114M | 52M | 225M | -54M | 122M | 61M |
| Working Capital Changes | -199M | 195M | -159.36M | 235M | -348M | 207M | -282M | 61M | -189M | -53M | -29M | 155M | -114M | 114.5M | -302M | 180M | -226M | 182M | -209M | 64M |
| Change in Receivables | 0 | 0 | 0 | -106M | 0 | -70M | 0 | -132M | 0 | -75M | 0 | 38M | 0 | -25M | 0 | -43M | 0 | -71M | 0 | -27M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1M | 0 | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -73M | -41.02M | -148.26M | -41M | -58M | -94M | -43M | -51M | -27M | 25M | -37M | -20M | -41M | -57.5M | -378M | -92M | -105M | -108M | -155M | -119M |
| Capital Expenditures | -10M | -17M | -153.31M | -15M | -14M | -17M | -11M | -42M | -12M | -14M | -3M | -6M | -21M | -23.5M | -33M | -32M | -19M | -248M | -25M | -191M |
| CapEx % of Revenue | 0.38% | 0.64% | 6.03% | 0.58% | 0.6% | 0.87% | 0.49% | 2.52% | 0.86% | 1.02% | 0.32% | 0.68% | 2.41% | 1.33% | 1.96% | 1.94% | 1.25% | 9.38% | 1.75% | 21.78% |
| Acquisitions | -14M | 0 | 0 | 0 | -10M | 0 | 0 | 0 | 0 | 0 | -13M | 0 | 0 | 2.5M | -299M | -38M | 0 | -47M | 0 | -12M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -49M | -24.02M | 5.04M | -26M | -34M | -77M | -32M | -9M | -15M | 39M | -21M | -14M | -20M | -36.5M | -46M | -22M | -86M | 122M | -130M | 72M |
| Cash from Financing | -575M | 7.58M | -619.28M | -329M | -565M | 143M | -560M | -789M | -172M | -15M | -845M | 761M | 593M | -180.5M | -299M | 137M | -86M | -304M | -142M | -198M |
| Debt Issued (Net) | -5M | 584.8M | 0 | 239.56M | 0 | 0 | 0 | 0 | 0 | 0 | -828M | 0 | 0 | 0 | 0 | 0 | 0 | 128M | 0 | 253M |
| Equity Issued (Net) | -380M | -474.95M | -428.65M | -454M | -377M | -419M | -379M | -483M | 0 | 0 | 0 | 0 | 0 | -1M | -3M | 0 | -3M | 0 | -3M | 0 |
| Dividends Paid | -189M | -87.44M | -181.55M | -87M | -172M | -79M | -166M | -79M | -154M | 0 | 0 | 0 | 0 | -360M | -649M | -69M | -130M | -62M | -531M | -56M |
| Share Repurchases | -380M | -474.95M | -428.65M | -454M | -377M | -419M | -379M | -483M | 0 | 0 | 0 | 0 | 0 | -1M | -3M | 0 | -3M | 0 | -3M | 0 |
| Other Financing | -1M | -14.83M | -9.08M | 212M | -16M | 641M | -15M | -227M | -18M | -15M | -17M | 761M | 593M | 180.5M | 353M | 206M | 47M | -370M | 392M | -395M |
| Net Change in Cash | -304M | 518M | -397M | -797M | -240.5M | 318.5M | -140M | -188M | -47M | 228M | -344.5M | 496M | 262M | -11M | -235M | 220M | 51M | -59M | -25M | -981M |
| Free Cash Flow | 345M | 563.15M | 303.59M | 547M | 148M | 561M | 304M | 429M | 163M | 449M | 170M | 145M | -35M | 206M | 161M | 371M | 287M | 159M | 202M | 179M |
| FCF Margin % | 12.97% | 21.09% | 11.95% | 21.03% | 6.37% | 28.8% | 13.66% | 25.75% | 11.69% | 32.65% | 18.03% | 16.4% | -4.01% | 11.64% | 9.54% | 22.51% | 18.91% | 6.01% | 14.13% | 20.41% |
| FCF Growth % | 13.64% | 2.95% | 105.13% | -2.5% | -51.32% | 30.77% | 86.5% | -4.45% | -4.12% | 209.66% | 585.71% | -29.61% | -121.74% | -44.47% | -43.9% | 133.33% | 42.08% | -11.17% | -44.04% | -53.39% |
| FCF per Share | 2.28 | 3.66 | 1.92 | 3.40 | 0.90 | 3.38 | 1.75 | 2.40 | 0.88 | 2.44 | 0.92 | 0.80 | -0.19 | 1.12 | 0.87 | 2.02 | 1.58 | 0.86 | 1.07 | 0.92 |
| FCF Conversion (FCF/Net Income) | 0.84x | 2.01x | 0.67x | 2.00x | 0.47x | 1.99x | 0.69x | 2.96x | 0.81x | 2.12x | 3.60x | -3.02x | 0.07x | 2.91x | 0.63x | 3.47x | 1.31x | 1.39x | 0.92x | 1.73x |
| Interest Paid | 92M | 135M | 0 | 112M | 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 |