Janus Henderson Group plc (JHG) 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 | 234.8M | 322.7M | 258.8M | 135.2M | 2.8M | 247.3M | 228.5M | 223.8M | -5M | 161.5M | 216.9M | 171.4M | -108.2M | 146M | 221.9M | 162.9M | -57.5M | 281.2M | 319.4M | 269M |
| Operating CF Margin % | 33.4% | 28.25% | 36.95% | 21.35% | 0.45% | 34.91% | 36.57% | 38.04% | -0.91% | 28.41% | 41.63% | 33.18% | -21.82% | 28.34% | 43.26% | 29.32% | -9.27% | 40.33% | 46.46% | 36.43% |
| Operating CF Growth % | 8285.71% | 30.49% | 13.26% | -39.59% | 156% | 53.13% | 5.35% | 30.57% | 95.38% | 10.62% | -2.25% | 5.22% | -88.17% | -48.08% | -30.53% | -39.44% | -322.87% | 27.7% | 74.54% | 31.48% |
| Net Income | 89.2M | 394M | 138.8M | 184.4M | 116M | 121.5M | 50M | 133.5M | 140.6M | 144.3M | 86M | 100.4M | 96M | 81.2M | 114.6M | -4.8M | 83.5M | 125.5M | 198M | 141.2M |
| Depreciation & Amortization | 11.4M | 9.9M | 9.4M | 8.5M | 8.5M | 8.6M | 5.5M | 5.3M | 5.1M | 4.9M | 5.8M | 6.1M | 6.1M | 7.4M | 7.1M | 7.7M | 9.5M | 10.2M | 9.8M | 10.1M |
| Stock-Based Compensation | 0 | 0 | 0 | 18.2M | 18.7M | 20.4M | 18.1M | 15.7M | 17.5M | 17.6M | 16.9M | 21.3M | 21.6M | 22.6M | 22.2M | 23.2M | 22.6M | 17.5M | 16M | 17.1M |
| Deferred Taxes | 0 | 0 | 0 | 600K | 0 | 2.1M | 500K | -1.5M | 1.3M | -900K | -6.2M | 0 | 1M | -23.5M | 900K | 200K | 8.1M | -26.4M | 1.4M | 22.4M |
| Other Non-Cash Items | 20.9M | 27.5M | 15.2M | -58M | 1.7M | 31.6M | 74.5M | -2.9M | -47M | -30.2M | 29.3M | -8.5M | -19.4M | 18.3M | -28.8M | 108M | 52.5M | 86M | -6.7M | 35M |
| Working Capital Changes | 113.3M | -108.7M | 95.4M | -18.5M | -142.1M | 63.1M | 79.9M | 73.7M | -122.5M | 25.8M | 85.1M | 52.1M | -213.5M | 40M | 105.9M | 28.6M | -233.7M | 68.4M | 100.9M | 43.2M |
| Change in Receivables | 403.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -159.7M | 17.7M | 39.4M | -290.8M | -227.3M | 44.3M | -215M | -60.4M | -54.3M | -86.8M | 16M | -23M | -235.1M | -52.5M | 51.8M | 76.1M | -16.9M | -17.5M | -222.9M | -66.3M |
| Capital Expenditures | -3.2M | -2.3M | 3.9M | -2M | -1.9M | -3.8M | -2.6M | -1.9M | -1.8M | -2.4M | -1.9M | -4.5M | -2M | -7.3M | -2.8M | -4.6M | -2.9M | -4.5M | -4.8M | 500K |
| CapEx % of Revenue | 0.46% | 0.2% | 0.56% | 0.32% | 0.31% | 0.54% | 0.42% | 0.32% | 0.33% | 0.42% | 0.36% | 0.87% | 0.4% | 1.42% | 0.55% | 0.83% | 0.47% | 0.65% | 0.7% | 0.07% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 1.19B | 364.6M | 1.46B | 1.44B | 1.08B | 839.2M | 1.02B | 813.6M | 728.4M | 716.6M | 608.2M | 776.1M | 850.2M | 595.9M | 508.5M | 1.32B | 663.8M | 702.3M | 690.5M | 487M |
| Other Investing | 6.3M | -33.5M | -466.6M | -7.7M | 900K | 157.8M | 0 | 0 | 700K | -84.4M | 17.9M | -1M | 700K | -45.2M | 44.7M | 65.4M | 2.2M | 100K | 8M | -57.6M |
| Cash from Financing | 48.9M | -87.8M | -163.2M | -67.7M | 79.6M | -518.9M | 424.6M | -50.9M | -179.2M | -76.1M | -91.5M | 1.9M | 13.8M | -3.9M | -64.5M | -135.9M | -214.8M | -90.7M | -112.9M | -62M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -8.7M | -26.3M | -66.9M | -49.5M | -26.8M | -52.9M | -39.3M | -44.6M | -151.2M | -61.9M | 0 | 0 | 0 | 0 | 0 | -55.6M | -43.3M | -66.9M | -75M | 0 |
| Dividends Paid | 0 | -61.5M | -62.4M | -63.8M | -61.5M | -62M | -62.3M | -62.6M | -63.2M | -64.7M | -64.7M | -64.6M | -64.7M | -64.9M | -64.7M | -65.5M | -64.3M | -64.5M | -64.8M | -65M |
| Share Repurchases | -8.7M | -26.3M | -66.9M | -49.5M | -26.8M | -52.9M | -39.3M | -44.6M | -151.2M | -61.9M | 0 | 0 | 0 | 0 | 0 | -55.6M | -43.3M | -66.9M | -75M | 0 |
| Other Financing | 57.6M | 0 | -33.9M | 45.6M | 167.9M | -402.7M | 526.2M | 56.3M | 35.2M | 50.5M | -26.8M | 66.7M | 78.7M | 61.2M | 600K | -14.2M | -107M | 40.9M | 26.9M | 3.3M |
| Net Change in Cash | 116.1M | 252.6M | 129.1M | -193.9M | -129.1M | -270M | 470M | 112.5M | -245.8M | 27.8M | 115.9M | 162.1M | -314.1M | 140.7M | 162M | 60.3M | -305.2M | 174M | -32.7M | 140.7M |
| Free Cash Flow | 231.6M | 0 | 256.4M | 133.2M | 900K | 243.5M | 225.9M | 221.9M | -6.8M | 159.1M | 215M | 166.9M | -110.2M | 138.7M | 219.1M | 158.3M | -60.4M | 276.7M | 314.6M | 269.5M |
| FCF Margin % | 32.94% | - | 36.61% | 21.04% | 0.14% | 34.38% | 36.16% | 37.71% | -1.23% | 27.99% | 41.27% | 32.31% | -22.23% | 26.92% | 42.72% | 28.5% | -9.74% | 39.69% | 45.77% | 36.5% |
| FCF Growth % | 25633.33% | -100% | 13.5% | -39.97% | 113.24% | 53.05% | 5.07% | 32.95% | 93.83% | 14.71% | -1.87% | 5.43% | -82.45% | -49.87% | -30.36% | -41.26% | -349.59% | 26.4% | 75.85% | 34.48% |
| FCF per Share | 1.54 | - | 1.66 | 0.86 | 0.01 | 1.57 | 1.46 | 1.42 | -0.04 | 0.99 | 1.34 | 1.04 | -0.69 | 0.86 | 1.36 | 0.98 | -0.37 | 1.66 | 1.87 | 1.60 |
| FCF Conversion (FCF/Net Income) | 2.58x | 0.82x | 1.86x | 0.92x | 0.02x | 2.03x | 8.37x | 1.73x | -0.04x | 1.33x | 2.32x | 1.91x | -1.24x | 2.25x | 2.06x | 1.69x | -0.56x | 2.12x | 1.62x | 1.96x |
| Interest Paid | 0 | 0 | 10.9M | 0 | 10.9M | 3.9M | 7.3M | 0 | 7.3M | 0 | 7.3M | 0 | 7.3M | 0 | 7.3M | 0 | 7.3M | 0 | 7.3M | 0 |
| Taxes Paid | 0 | 0 | 37.2M | 88M | 3.5M | -95M | 39.1M | 49.7M | 6.2M | 25.2M | 23.1M | 41.9M | 14.1M | 18.6M | 29.3M | 74.4M | 18.4M | 48.4M | 56.1M | 104M |