Kellanova (K) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q1'21 | Q4'20 | Q3'20 |
|---|
| Cash from Operations | 169M | 116M | 467M | 553M | 376M | 364M | 245M | 756M | 368M | 276M | 471M | 375M | 478M | 327M | 556M | 458M | 452M | 235M | 393M | 622M |
| Operating CF Margin % | 5.28% | 3.76% | 14.95% | 17.1% | 11.78% | 11.38% | 7.72% | 23.23% | 10.98% | 8.26% | 12.29% | 9.5% | 12.37% | 8.91% | 16.26% | 12.64% | 12.71% | 6.56% | 11.35% | 18.14% |
| Operating CF Growth % | -55.05% | -68.13% | 90.61% | -26.85% | 2.17% | 31.88% | -47.98% | 101.6% | -23.01% | -15.6% | -15.29% | -18.12% | 5.75% | 39.15% | 41.48% | -26.37% | -22.07% | -39.9% | 56.57% | 53.58% |
| Net Income | 303M | 308M | 368M | 370M | 347M | 271M | 30M | 270M | 362M | 302M | -100M | 312M | 326M | 424M | 434M | 305M | 385M | 371M | 208M | 352M |
| Depreciation & Amortization | 91M | 92M | 94M | 92M | 95M | 86M | 81M | 112M | 110M | 116M | 127M | 113M | 119M | 119M | 121M | 114M | 120M | 112M | 124M | 121M |
| Stock-Based Compensation | 14M | 22M | 23M | 25M | 20M | 21M | 33M | 19M | 21M | 22M | 40M | 21M | 19M | 16M | 18M | 11M | 19M | 20M | 21M | 18M |
| Deferred Taxes | 19M | 68M | 37M | -43M | 1M | 29M | -21M | 9M | -3M | -6M | -72M | -6M | -10M | 42M | 121M | -46M | 33M | 17M | 12M | 34M |
| Other Non-Cash Items | -133M | -41M | -62M | -28M | -36M | 231M | 160M | 57M | -23M | -30M | 397M | -81M | -89M | -52M | -300M | -12M | -87M | -57M | 41M | -84M |
| Working Capital Changes | -125M | -333M | 7M | 137M | -51M | -274M | -38M | 289M | -99M | -128M | 79M | 16M | 113M | -222M | 162M | 86M | -18M | -228M | -13M | 181M |
| Change in Receivables | -90M | 16M | 87M | -14M | -4M | -173M | 187M | -36M | -83M | -110M | 269M | -183M | -159M | -184M | 187M | -58M | 17M | -155M | 188M | 52M |
| Change in Inventory | 4M | -46M | 18M | -21M | 9M | -4M | 70M | 52M | 44M | -27M | -68M | -37M | -146M | -160M | -32M | -14M | -39M | -50M | 3M | -24M |
| Change in Payables | 26M | -106M | -106M | 81M | 77M | -14M | -308M | 7M | -48M | 9M | -90M | 33M | 261M | 207M | -4M | 59M | 21M | 118M | -117M | 3M |
| Cash from Investing | -170M | -152M | -161M | -135M | -121M | -333M | -90M | -128M | -139M | -205M | -136M | 6M | -206M | -112M | -143M | -55M | -141M | -189M | 64M | -134M |
| Capital Expenditures | -148M | -176M | -188M | -143M | -142M | -155M | -171M | -167M | -136M | -203M | -138M | -83M | -129M | -138M | -145M | -107M | -128M | -173M | -179M | -108M |
| CapEx % of Revenue | 4.62% | 5.71% | 6.02% | 4.42% | 4.45% | 4.84% | 5.39% | 5.13% | 4.06% | 6.07% | 3.6% | 2.1% | 3.34% | 3.76% | 4.24% | 2.95% | 3.6% | 4.83% | 5.17% | 3.15% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10M | -7M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 12M | 12M | 0 | 10M | 4M | 32M | 40M | -4M | -2M | -1M | 89M | -77M | 27M | 4M | 39M | -10M | -9M | 0 | 23M |
| Cash from Financing | 32M | -313M | -190M | -127M | -232M | -58M | -990M | 179M | -266M | -33M | -416M | -282M | -212M | -171M | -566M | -339M | -306M | -95M | -1.41B | -213M |
| Debt Issued (Net) | 198M | -157M | -13M | -75M | -61M | 113M | -613M | 381M | -15M | 188M | -283M | -151M | -133M | 288M | -364M | -137M | -127M | 322M | -1.2B | -9M |
| Equity Issued (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K |
| Dividends Paid | -198M | -197M | -196M | -197M | -192M | -191M | -190M | -206M | -202M | -202M | -201M | -202M | -197M | -197M | -198M | -198M | -197M | -195M | -196M | -196M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -110M | 0 | -60M | 0 | 0 | 0 | 0 | -300M | 0 | 0 | 0 | -240M | 0 | 0 |
| Other Financing | -14M | -1M | -4M | 0 | -1M | -3M | -86M | -2M | -15M | -38M | 35M | 0 | -15M | -2M | -17M | -16M | -2M | 0 | -24M | -53M |
| Net Change in Cash | 24M | -364M | 125M | 297M | 30M | -32M | -825M | 791M | -39M | 48M | -74M | 50M | 10M | 27M | -154M | 45M | 4M | -44M | -894M | 282M |
| Free Cash Flow | 21M | -60M | 279M | 410M | 234M | 209M | 74M | 589M | 232M | 73M | 333M | 292M | 349M | 189M | 411M | 351M | 324M | 62M | 214M | 514M |
| FCF Margin % | 0.66% | -1.95% | 8.93% | 12.68% | 7.33% | 6.53% | 2.33% | 18.1% | 6.92% | 2.18% | 8.69% | 7.4% | 9.03% | 5.15% | 12.02% | 9.69% | 9.11% | 1.73% | 6.18% | 14.99% |
| FCF Growth % | -91.03% | -128.71% | 277.03% | -30.39% | 0.86% | 186.3% | -77.78% | 101.71% | -33.52% | -61.38% | -18.98% | -16.81% | 7.72% | 204.84% | 92.06% | -31.71% | -31.65% | -77.78% | 111.88% | 95.44% |
| FCF per Share | 0.06 | -0.17 | 0.80 | 1.18 | 0.68 | 0.61 | 0.22 | 1.71 | 0.67 | 0.21 | 0.97 | 0.85 | 1.02 | 0.55 | 1.19 | 1.02 | 0.94 | 0.18 | 0.62 | 1.49 |
| FCF Conversion (FCF/Net Income) | 0.57x | 0.38x | 1.28x | 1.51x | 1.09x | 1.36x | 9.07x | 2.81x | 1.03x | 0.93x | -4.81x | 1.21x | 1.47x | 0.77x | 1.28x | 1.49x | 1.19x | 0.64x | 1.92x | 1.79x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 125M | -16M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 69M | 179M |