Insmed Incorporated (INSM) quarterly cash flow statement — complete operating, investing & financing history
Insmed Incorporated (INSM) cash flow statement — 27-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 | -36.46M | -88.83M | -222.74M | -247.6M | -219.76M | -205.57M | -262.09M | -195.98M | -180.92M | -122.95M | -184.03M | -130.82M | -136.33M | -122.79M | -146.3M | -103.15M | -89.83M | -102.3M | -105.16M | -84.13M |
| Operating CF Margin % | -6.95% | -20.88% | -72.8% | -93.84% | -154.39% | -191.38% | -282.35% | -187.64% | -193.65% | -136.1% | -243.75% | -156.31% | -172.42% | -159% | -224.34% | -173.94% | -132.63% | -156.85% | -198.02% | -149.9% |
| Operating CF Growth % | 83.41% | 56.79% | 15.01% | -26.34% | -21.47% | -67.19% | -42.41% | -49.81% | -32.7% | -0.13% | -25.79% | -26.83% | -51.77% | -20.03% | -39.12% | -22.6% | -19.06% | -35.6% | 18.02% | -25.96% |
| Net Income | -100.32M | -13.24M | -163.56M | -328.49M | -370.02M | -321.69M | -256.58M | -235.55M | -220.52M | -300.61M | -157.09M | -186.06M | -158.93M | -244.81M | -159.76M | -160.12M | -131.15M | -95.64M | -94.62M | -112.98M |
| Depreciation & Amortization | 8.4M | 5.26M | 4.92M | 5.56M | 4M | 3.75M | 3.15M | 2.74M | 2.72M | 2.7M | 2.85M | 2.74M | 2.76M | 2.57M | 2.51M | 3.45M | 2.11M | 2.22M | 2.55M | 3.38M |
| Stock-Based Compensation | 41.22M | 41.25M | 45.75M | 0 | 31.43M | 42.98M | 39.26M | 26.55M | 25.55M | 23.29M | 21.45M | 19.98M | 19.99M | 18.36M | 16.44M | 14.95M | 15.66M | 14.26M | 12.82M | 11.52M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -70.31M | -4.99M | 75.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 10.77M | -97.17M | -45.63M | 112.97M | 100.94M | 59.86M | 18.18M | -17.85M | 27.07M | 112.11M | 3.88M | 95.16M | 28.81M | 27.97M | 15.25M | 9.75M | 8.22M | -3.77M | -7.7M | 9.66M |
| Working Capital Changes | 3.47M | -24.93M | -64.21M | -37.64M | 13.9M | 9.54M | -66.09M | 28.12M | -15.73M | 39.56M | -55.13M | 7.67M | -23.97M | -2.18M | -20.74M | 28.82M | 15.33M | -19.37M | -18.21M | 4.29M |
| Change in Receivables | -43.1M | -37.16M | -38.19M | -77.3M | -10.23M | -6.14M | 5.36M | -11.82M | -35K | -4.04M | 2.96M | -4.54M | -5.14M | -1.43M | -860K | -983K | 1.34M | -4.99M | -1.8M | -5.24M |
| Change in Inventory | -18M | -12.97M | -1.89M | -11.76M | -13.76M | -4.98M | -1.02M | -2.12M | -6.57M | -7.75M | -598K | -4.43M | -1.1M | -6.89M | -1.19M | -2.34M | -100K | -1.52M | 2.24M | 1.13M |
| Change in Payables | 87.07M | 68.82M | -33.88M | 90.35M | 45.56M | 25.66M | -61.49M | 41.13M | 725K | 35.08M | -32.34M | 24M | -6.78M | 9.06M | -8.84M | 53.57M | 18.7M | -16.92M | 13.36M | 11.28M |
| Cash from Investing | -135.65M | 24.51M | 265.52M | 389.41M | -762.23M | 227.84M | 80.41M | 131.76M | -1B | -6.78M | 295.32M | 1.8M | 7.15M | -274.16M | 41.6M | 20.31M | 49.42M | -2.9M | -101.41M | -51.22M |
| Capital Expenditures | -5.63M | -6.26M | -3.48M | -46.59M | -2.42M | -3.48M | -10.07M | -6.77M | -3.69M | -6.78M | -4.68M | -2.15M | -2.85M | -4.88M | -3.4M | -4.69M | -582K | -2.9M | -1.7M | -1.14M |
| CapEx % of Revenue | 1.07% | 1.47% | 1.14% | 17.66% | 1.7% | 3.24% | 10.85% | 6.48% | 3.95% | 7.51% | 6.2% | 2.57% | 3.61% | 6.32% | 5.21% | 7.91% | 0.86% | 4.45% | 3.2% | 2.03% |
| Acquisitions | 0 | -15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.42M | -10M | 3.42M | 0 | 0 | 0 | 0 | 0 | 216K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 15M | -15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.42M | 10M | 0 | 0 | 0 | 0 | 0 | 0 | -50.29M |
| Cash from Financing | 23.64M | 27.18M | 29.51M | 33.86M | 33.41M | 857.81M | 29M | 159.31M | 397.2M | 781.49M | 3.02M | 123.26M | 1.25M | 44.33M | -399K | 743.39M | 37.12M | 6.31M | 6.46M | 5.71M |
| Debt Issued (Net) | -843K | -827K | -799K | -776K | -747K | -2.7M | -706K | 145.58M | -658K | -645K | -621K | 1.17M | -1.09M | -971K | -320K | 350.83M | -336K | -135K | -359K | 791K |
| Equity Issued (Net) | 24.48M | 28.01M | 30.31M | 34.63M | 34.16M | 860.5M | 29.7M | 13.73M | 370.98M | 782.14M | 3.64M | 114.46M | 2.34M | 45.3M | 1.14M | 258.77M | 33.38M | 6.45M | 6.82M | 6.02M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.88M | 0 | 0 | 7.64M | 0 | 0 | -1.22M | 133.79M | 4.07M | 0 | 0 | -1.1M |
| Net Change in Cash | -148.2M | -37.42M | 71.74M | 175.68M | -949.56M | 881.08M | -151.78M | 93.58M | -785.35M | 651.07M | 113.36M | -4.74M | -125.77M | -356.02M | -105.13M | 659.4M | -1.45M | -99.63M | -201.08M | -129.77M |
| Free Cash Flow | -42.09M | -95.09M | -226.22M | -294.19M | -222.18M | -209.05M | -272.16M | -202.75M | -184.6M | -129.74M | -188.71M | -132.97M | -139.19M | -127.67M | -149.7M | -107.84M | -90.41M | -105.2M | -106.86M | -85.27M |
| FCF Margin % | -8.02% | -22.35% | -73.94% | -111.5% | -156.09% | -194.62% | -293.2% | -194.13% | -197.6% | -143.61% | -249.95% | -158.88% | -176.03% | -165.32% | -229.55% | -181.86% | -133.49% | -161.31% | -201.22% | -151.94% |
| FCF Growth % | 81.06% | 54.52% | 16.88% | -45.1% | -20.35% | -61.14% | -44.22% | -52.48% | -32.63% | -1.61% | -26.06% | -23.3% | -53.95% | -21.36% | -40.09% | -26.46% | -17.53% | -33.29% | 17.46% | -24.84% |
| FCF per Share | -0.19 | -0.44 | -1.05 | -1.38 | -1.05 | -1.10 | -1.50 | -1.13 | -1.06 | -0.84 | -1.27 | -0.92 | -0.97 | -0.93 | -1.10 | -0.81 | -0.75 | -0.88 | -0.90 | -0.72 |
| FCF Conversion (FCF/Net Income) | 0.36x | 6.71x | 1.36x | 0.75x | 0.59x | 0.64x | 1.02x | 0.83x | 0.82x | 0.41x | 1.17x | 0.70x | 0.86x | 0.50x | 0.92x | 0.64x | 0.68x | 1.07x | 1.11x | 0.74x |
| Interest Paid | 13.41M | -13.12M | 13.12M | 13.51M | 15.45M | 13.27M | 13.12M | 15.24M | 8.63M | 8.48M | 8.21M | 8.33M | 7.97M | 7.9M | 11.59M | 2.71M | 2.44M | 2.63M | 2.38M | 2.69M |
| Taxes Paid | 1.44M | -2.94M | 2.94M | 111K | 1.18M | 677K | 2.18M | -2.25M | 689K | 354K | 1.21M | 75K | 518K | 358K | 1M | 91K | 432K | 559K | 635K | 107K |