Kenvue Inc. (KVUE) 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 | Q4'21 |
|---|
| Cash from Operations | 489M | 854M | 294M | 621M | 428M | 793M | 249M | 440M | 287M | 950M | 674M | 742M | 802M | 644M | 736M | 1.01B |
| Operating CF Margin % | 12.51% | 22.59% | 7.81% | 16.18% | 11.44% | 21.65% | 6.39% | 11% | 7.37% | 25.91% | 17.22% | 18.5% | 20.82% | 17.11% | 19.46% | 27.03% |
| Operating CF Growth % | 14.25% | 7.69% | 18.07% | 41.14% | 49.13% | -16.53% | -63.06% | -40.7% | -64.21% | 47.52% | -8.42% | - | - | - | - | - |
| Net Income | 474M | 330M | 398M | 420M | 322M | 293M | 383M | 58M | 296M | 327M | 577M | 430M | 469M | 361M | 586M | 411M |
| Depreciation & Amortization | 143M | 138M | 141M | 142M | 136M | 148M | 182M | 141M | 149M | 174M | 153M | 148M | 152M | 166M | 152M | 182M |
| Stock-Based Compensation | 0 | 30M | 25M | 37M | 44M | 54M | 58M | 61M | 81M | 113M | 2M | 38M | 35M | 31M | 30M | 35M |
| Deferred Taxes | 28M | -97M | 16M | -14M | -13M | -40M | -40M | -201M | -4M | 14M | -283M | -12M | 0 | 0 | 0 | 71M |
| Other Non-Cash Items | 47M | 453M | -344M | 17M | 16M | 76M | 17M | 524M | 104M | 17M | -23M | 12M | 298M | 85M | 57M | 10M |
| Working Capital Changes | -203M | 0 | 58M | 19M | -77M | 262M | -351M | -143M | -339M | 305M | 248M | 126M | -152M | 1M | -89M | 300M |
| Change in Receivables | -136M | 147M | -96M | 48M | -99M | 125M | -110M | -109M | -124M | 141M | -42M | -78M | 23M | 68M | -66M | 92M |
| Change in Inventory | -19M | 144M | -27M | -51M | -66M | 169M | 62M | 14M | -63M | 74M | 132M | 126M | 17M | -47M | -169M | 27M |
| Change in Payables | -77M | 89M | -198M | 123M | -14M | 37M | -336M | -56M | -181M | 159M | -98M | 383M | 0 | 0 | 0 | 328M |
| Cash from Investing | -167M | -75M | -104M | -90M | -167M | -132M | -56M | -85M | -152M | -265M | -105M | -77M | -41M | -167M | -108M | -33M |
| Capital Expenditures | -139M | 364.5M | -98M | -88M | -179M | -138M | -59M | -90M | -153M | -223M | -114M | -77M | -55M | -159M | -103M | -123M |
| CapEx % of Revenue | 3.56% | 9.64% | 2.6% | 2.29% | 4.78% | 3.77% | 1.51% | 2.25% | 3.93% | 6.08% | 2.91% | 1.92% | 1.43% | 4.22% | 2.72% | 3.29% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7M | 0 | 0 | 0 | 0 | 0 | 90M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -28M | -439.5M | -6M | -2M | 12M | 6M | 3M | 5M | 1M | -49M | 9M | 0 | 14M | -8M | -5M | 0 |
| Cash from Financing | -295M | -869M | -110M | -548M | -310M | -587M | -162M | -490M | -326M | -383M | -726M | -8.81B | 7.39B | -63M | -635M | -900M |
| Debt Issued (Net) | 120M | 29M | 0 | -147M | 118M | -108M | 209M | -102M | 160M | 77M | -245M | 740M | 7.67B | -8M | 15M | -2M |
| Equity Issued (Net) | 0 | 0 | 127M | -64M | -63M | -121M | -23M | 0 | -91M | -7M | 0 | 4.24B | 0 | 0 | 0 | 0 |
| Dividends Paid | -398M | 1.18B | -398M | -393M | -392M | -393M | -393M | -383M | -383M | -383M | -383M | -13.79B | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 127M | -64M | -63M | -121M | -23M | 0 | -91M | -7M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -17M | -2.08B | 161M | 56M | 27M | 35M | 45M | -5M | -12M | -70M | -98M | 1M | -286M | -55M | -650M | -898M |
| Net Change in Cash | 13M | -77M | 1.14B | -1.06B | -13M | 13M | 43M | -141M | -227M | 320M | -169M | -8.15B | 8.15B | 434M | -41M | 61M |
| Free Cash Flow | 350M | 744M | 196M | 533M | 249M | 661M | 190M | 350M | 134M | 727M | 560M | 665M | 747M | 485M | 633M | 886M |
| FCF Margin % | 8.95% | 19.68% | 5.21% | 13.88% | 6.66% | 18.05% | 4.87% | 8.75% | 3.44% | 19.83% | 14.3% | 16.58% | 19.39% | 12.89% | 16.74% | 23.73% |
| FCF Growth % | 40.56% | 12.56% | 3.16% | 52.29% | 85.82% | -9.08% | -66.07% | -47.37% | -82.06% | 49.9% | -11.53% | - | - | - | - | - |
| FCF per Share | 0.18 | 0.39 | 0.10 | 0.28 | 0.13 | 0.34 | 0.10 | 0.18 | 0.07 | 0.38 | 0.29 | 0.35 | 0.44 | 0.28 | 0.37 | 0.47 |
| FCF Conversion (FCF/Net Income) | 1.03x | 2.59x | 0.74x | 1.48x | 1.33x | 2.71x | 0.65x | 7.59x | 0.97x | 2.91x | 1.54x | 1.73x | 1.71x | 1.78x | 1.26x | 2.45x |
| Interest Paid | 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 |