Invesco Ltd. (IVZ) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q2'21 |
|---|
| Cash from Operations | 212.6M | 455.8M | 606.2M | 547.9M | -84.6M | 316.9M | 438.4M | 489.1M | -54.4M | 714.3M | 354.1M | 331.3M | -98.9M | 463.5M | 492M | 123.1M | -375.4M | -3.7M | 601M | 507.7M |
| Operating CF Margin % | 12.19% | 26.94% | 36.95% | 36.15% | -5.53% | 19.89% | 28.93% | 32.97% | -3.69% | 50.54% | 24.56% | 22.96% | -6.97% | 32.11% | 34.03% | 8.04% | -23.04% | -0.21% | 34.34% | 29.49% |
| Operating CF Growth % | 351.3% | 43.83% | 38.28% | 12.02% | -55.51% | -55.63% | 23.81% | 47.63% | 44.99% | 54.11% | -28.03% | 169.13% | 73.65% | 12627.03% | -18.14% | -75.75% | -1295.54% | -100.65% | 49.58% | 50.25% |
| Net Income | 0 | 0 | 356.4M | -267.3M | 267.3M | 238.7M | 103.6M | 191.4M | 200.7M | -683.1M | 168.7M | 164.4M | 165.8M | 300.8M | 168.3M | 218.9M | 237.5M | 557.1M | 545.6M | 495.1M |
| Depreciation & Amortization | 0 | 0 | 38.3M | -41.5M | 41.5M | 44.1M | 44M | 46.4M | 45.1M | 46.4M | 42.2M | 47.4M | 46.8M | 48.6M | 47.9M | 49.3M | 49.5M | 50.4M | 51M | 52.8M |
| Stock-Based Compensation | 0 | 0 | 20.9M | -15.2M | 15.2M | 14.1M | 51M | 18.4M | 21.1M | 20.9M | 23.9M | 32M | 37.8M | 23.1M | 26M | 27.6M | 29.5M | 34.1M | 33.2M | 34.2M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 212.6M | 700.4M | 3.6M | 354.2M | 109.1M | 55.1M | -74.3M | 41.4M | 3M | 1.57B | -84.5M | -173.6M | 48M | -63.9M | 22.1M | -51M | -59.5M | -401.7M | -124.8M | -202.9M |
| Working Capital Changes | 0 | -244.6M | 187M | 517.7M | -517.7M | -35.1M | 314.1M | 191.5M | -324.3M | -240.6M | 203.8M | 261.1M | -397.3M | 154.9M | 227.7M | -121.7M | -632.4M | -243.6M | 96M | 128.5M |
| Change in Receivables | 0 | 117.6M | -97.1M | 205.9M | -205.9M | -45.6M | -32.4M | 32.6M | 365.1M | -54.8M | 106.5M | 467.7M | 0 | 190.9M | 212.6M | 371.6M | 137.7M | 329.9M | 1.16B | 2.35B |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -733.2M | -352.2M | -254.8M | -275.4M | -92M | -16.9M | 27.9M | 344.7M | -287.3M | -261.6M | 66.5M | -94.7M | 45.5M | -137.6M | -82.2M | -76.7M | -79.1M | -259.8M | -364.4M | -83.8M |
| Capital Expenditures | 0 | 0 | -19.8M | 23.4M | -23.4M | 7M | -28.4M | -26.7M | -21M | -40.3M | -39.2M | -46.7M | -38.1M | -73.1M | -62.7M | -33.2M | -23.9M | -35.6M | -26M | -26.9M |
| CapEx % of Revenue | - | 1.39% | 1.21% | 1.54% | 1.53% | 0.44% | 1.87% | 1.8% | 1.42% | 2.85% | 2.72% | 3.24% | 2.69% | 5.06% | 4.34% | 2.17% | 1.47% | 2.02% | 1.49% | 1.56% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 10.32B | 2.48B | 2.52B | 2.41B | 8.29B | 8.43B | 8.36B | 9.42B | 9.22B | 9.07B | 806.3M | 817.6M | 2.66B | 739.3M | 707.4M | 761M | 9.97B | 9.83B | 9.27B |
| Other Investing | -733.2M | -352.2M | -14.7M | -268.7M | -98.7M | 38.5M | 49.3M | 114.3M | 6.9M | 90.7M | 6.2M | 5.3M | 29.1M | -6.1M | 21.8M | 36.4M | 10.4M | 40.1M | 9.1M | 4.2M |
| Cash from Financing | 271.3M | 356.1M | -310.1M | -724.8M | 529.3M | -392.5M | -409.1M | -711.7M | -148.3M | -110.3M | -125.5M | -171.1M | -178.5M | -168.1M | -265.8M | -477.7M | -55.3M | 103.1M | 359.1M | -482.7M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | -615.8M | -29.2M | -25.5M | -43.1M | -26M | -30.2M | -2.7M | -20.4M | -4.4M | -3.9M | -151.5M | -27.7M | -4.6M | -5.7M | -1.9M | -232.5M | -2.8M | -10.5M | -2.9M |
| Dividends Paid | 0 | -139M | -139.4M | -151.8M | -151.7M | -152M | -154.5M | -152.4M | -149.4M | -149.4M | -149.3M | -151.1M | -144.9M | -144.9M | -144.9M | -144.8M | -137M | -138M | -138M | -137.8M |
| Share Repurchases | 0 | -615.8M | -29.2M | -25.5M | -43.1M | -26M | -30.2M | -2.7M | -20.4M | -4.4M | -3.9M | -151.5M | -27.7M | -4.6M | -5.7M | -1.9M | -232.5M | -2.8M | -10.5M | -2.9M |
| Other Financing | 271.3M | 900K | 45.8M | -1.14B | -32.6M | -16.8M | -31.5M | -58.5M | 55.7M | 21.3M | 22.8M | -58.1M | -40.4M | 6.8M | 101.1M | 99.2M | 217.3M | 109.8M | -6.6M | -382.5M |
| Net Change in Cash | -273.7M | 456M | 31.9M | -381.5M | 377.4M | -143.4M | 98.1M | 115.8M | -506.1M | 376.5M | 268M | 72.2M | -219.2M | 208.1M | 93.2M | -481.3M | -533M | -162.4M | 572.4M | -58.8M |
| Free Cash Flow | 212.6M | 510.1M | 586.4M | 571.3M | -108M | 323.9M | 410M | 462.4M | -75.4M | 674M | 314.9M | 284.6M | -137M | 390.4M | 429.3M | 89.9M | -399.3M | -39.3M | 575M | 480.8M |
| FCF Margin % | 12.19% | 30.15% | 35.75% | 37.7% | -7.06% | 20.33% | 27.06% | 31.17% | -5.11% | 47.69% | 21.84% | 19.73% | -9.66% | 27.05% | 29.7% | 5.87% | -24.51% | -2.23% | 32.86% | 27.93% |
| FCF Growth % | 296.85% | 57.49% | 43.02% | 23.55% | -43.24% | -51.94% | 30.2% | 62.47% | 44.96% | 72.64% | -26.65% | 216.57% | 65.69% | 1093.38% | -25.34% | -81.3% | -745.97% | -107.47% | 53.17% | 55.15% |
| FCF per Share | 0.47 | 1.12 | 1.29 | 1.26 | -0.24 | 0.71 | 0.90 | 1.01 | -0.17 | 1.49 | 0.69 | 0.62 | -0.30 | 0.85 | 0.93 | 0.20 | -0.86 | -0.08 | 1.23 | 1.03 |
| FCF Conversion (FCF/Net Income) | 0.79x | -0.43x | 1.75x | 2.69x | -0.37x | 1.18x | 3.84x | 2.56x | -0.27x | -1.05x | 1.86x | 1.73x | -0.48x | 1.88x | 2.08x | 0.68x | -1.46x | -0.01x | 1.54x | 1.19x |
| 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 |