Liberty Energy Inc. (LBRT) quarterly cash flow statement — complete operating, investing & financing history
Liberty Energy Inc. (LBRT) cash flow statement — 11-year operating, investing & financing cash flows
| Metric | 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 | Q3'21 |
|---|
| Cash from Operations | 133.04M | 8.4M | 195.44M | 51.46M | 170.59M | 192.12M | 177.29M | 244.5M | 248.19M | 159.4M | 294.74M | 275.45M | 240.45M | 203.94M | 237.75M | 156.98M | 121.08M | 14.55M | 55.33M | 44.58M |
| Operating CF Margin % | 11.19% | 0.82% | 18.81% | 5.43% | 16.36% | 19.65% | 18.79% | 21.47% | 21.4% | 14.85% | 27.42% | 22.65% | 20.12% | 16.16% | 19.4% | 13.21% | 12.84% | 1.84% | 8.09% | 6.82% |
| Operating CF Growth % | -22.01% | -95.63% | 10.23% | -78.95% | -31.27% | 20.53% | -39.85% | -11.24% | 3.22% | -21.84% | 23.97% | 75.47% | 98.59% | 1301.45% | 329.74% | 252.16% | 1406.31% | -47.14% | 260.28% | 267.42% |
| Net Income | 43.12M | 22.56M | 13.69M | 43.05M | 71.02M | 20.11M | 51.89M | 73.8M | 108.42M | 81.89M | 92.38M | 148.61M | 152.67M | 162.66M | 152.87M | 146.95M | 105.16M | -5.38M | -55.59M | -38.89M |
| Depreciation & Amortization | 114.21M | 114.06M | 120.24M | 122.98M | 129.37M | 127.74M | 132.16M | 126.39M | 123.31M | 123.19M | 118.42M | 109.56M | 100.42M | 95.26M | 88.86M | 82.85M | 78.43M | 75.62M | 72.62M | 67.28M |
| Stock-Based Compensation | 9.97M | 8.03M | 8.44M | 0 | 8.1M | 18.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 8.25M | 9.3M | 54.64M | 42.11M | 0 | 0 | 33.84M | 0 | 0 | 0 | 120.31M | 0 | 0 | 0 | -12.79M | -4K | 320K | 0 | -1.04M | 0 |
| Other Non-Cash Items | -35.65M | -32.81M | -37.97M | -60.67M | -59.83M | -13.62M | -41.7M | 17.66M | 2.55M | 6.69M | 11.27M | 4.14M | 4.93M | 8.93M | 48.7M | 31.93M | 1.61M | 15.88M | -4.69M | -703K |
| Working Capital Changes | -6.87M | -112.73M | 36.4M | -96.02M | 21.93M | 39.8M | 1.09M | 26.64M | 13.91M | -52.37M | -47.64M | 13.15M | -17.57M | -62.91M | -39.89M | -104.75M | -64.44M | -71.58M | 44.03M | 16.89M |
| Change in Receivables | -40.51M | -124.91M | -30.62M | 30.18M | -60.98M | -4.18M | 51.94M | 79.77M | -24.13M | -48.12M | 126.58M | -3.9M | 25.05M | -147.97M | 94.64M | -129.6M | -50.78M | -106.39M | 31.14M | 20.16M |
| Change in Inventory | -273K | 2.8M | -4.86M | 15.85M | 1.72M | -682K | -6.21M | 8.85M | 2.03M | -4.6M | -575K | -10.95M | -6.38M | 17.79M | -28.52M | -27.26M | -24.18M | -5.03M | -17.73M | 3.71M |
| Change in Payables | 0 | 0 | 0 | -105.13M | 0 | 0 | -57.06M | -29.72M | 61.63M | -15.58M | -142.84M | 48.53M | -33.7M | 82.88M | -83.36M | 82.71M | 10.86M | 45.73M | 28.48M | 3.13M |
| Cash from Investing | -227.26M | -137.34M | -132.71M | -113.03M | -83.12M | -106.17M | -188.15M | -162.84M | -150.14M | -141.99M | -143.89M | -172.14M | -226.64M | -129.65M | -116.78M | -101.05M | -141.97M | -90.86M | -67.17M | -53.42M |
| Capital Expenditures | -223.86M | -157M | -205.39M | -118.67M | -137.51M | -133.93M | -203.49M | -166.59M | -135.97M | -144.99M | -138.09M | -172.93M | -159.14M | -133.14M | -132.36M | -102.22M | -133.75M | -90.99M | -75.79M | -55.15M |
| CapEx % of Revenue | 18.83% | 15.37% | 19.77% | 12.53% | 13.19% | 13.7% | 21.57% | 14.63% | 11.72% | 13.51% | 12.85% | 14.22% | 13.32% | 10.55% | 10.8% | 8.6% | 14.19% | 11.48% | 11.08% | 8.44% |
| Acquisitions | 0 | 0 | 2.54M | 0 | 0 | -15.21M | -20.93M | 16.06M | 1.88M | 2.99M | -20.28M | -760K | -74.9M | 3.48M | 8.86M | 7.18M | 6.7M | 927K | 21.72M | 1.72M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 2.38M | 23.57M | 0 | 5.63M | 3.46M | 13.05M | 36.28M | -12.3M | -16.06M | 0 | 14.48M | 11.55M | 7.4M | 0 | -6.14M | 7.18M | 6.7M | -795K | -13.11M | 0 |
| Cash from Financing | -48.58M | 800.63M | -48.96M | 55.49M | -92.23M | -81.85M | 8.1M | -88.82M | -91.75M | -30.23M | -140.97M | -108.13M | -3.11M | -97.09M | -101.41M | -73.12M | 29.8M | 88.96M | -3.09M | 13.32M |
| Debt Issued (Net) | -14.2M | 1.05B | -33.15M | 73.11M | -66.52M | 1.85M | 51.64M | -38.01M | -30.19M | 16.75M | -89.91M | -70.41M | 75.09M | -11.88M | -37.59M | -2.53M | 40.09M | 88.12M | -2.78M | 13.48M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | -924K | -23.96M | -30.16M | -39.35M | -29.58M | -30.17M | -39.08M | -29.28M | -60.09M | -74.65M | -55.23M | -70.09M | -9.68M | -62K | 3.27M | -3.74M |
| Dividends Paid | -15.7M | -14.62M | -14.58M | -12.96M | -13.75M | -13.19M | -13M | -11.44M | -12.22M | -11.64M | -11.67M | -8.44M | -8.79M | -8.78M | -9.02M | 0 | -148K | 0 | -168K | 168K |
| Share Repurchases | 0 | 0 | 0 | 0 | -924K | -23.96M | -30.16M | -39.35M | -29.58M | -30.17M | -39.08M | -29.28M | -60.09M | -74.65M | -55.22M | -70.09M | -9.68M | 0 | 0 | 0 |
| Other Financing | -18.68M | -231.19M | -1.23M | -4.66M | -11.04M | -46.55M | -387K | -19K | -19.77M | -5.17M | -314K | 0 | -9.32M | -1.79M | 431K | -488K | -461K | 614K | -3.42M | 3.42M |
| Net Change in Cash | -143.79M | 671.59M | 14.1M | -6.11M | -4.54M | 4.12M | -3.03M | -7.03M | 6.25M | -13M | 10.18M | -5.06M | 10.79M | -22.8M | 19.63M | -17.43M | 8.55M | 12.93M | -14.71M | 4M |
| Free Cash Flow | -90.82M | -148.6M | -9.95M | -67.21M | 33.08M | 58.19M | -26.2M | 77.9M | 112.23M | 14.41M | 156.66M | 102.52M | 81.31M | 70.8M | 105.39M | 54.76M | -12.67M | -76.44M | -20.46M | -10.57M |
| FCF Margin % | -7.64% | -14.55% | -0.96% | -7.09% | 3.17% | 5.95% | -2.78% | 6.84% | 9.68% | 1.34% | 14.57% | 8.43% | 6.8% | 5.61% | 8.6% | 4.61% | -1.34% | -9.64% | -2.99% | -1.62% |
| FCF Growth % | -374.57% | -355.38% | 62.02% | -186.27% | -70.53% | 303.8% | -116.72% | -24.01% | 38.03% | -79.65% | 48.64% | 87.23% | 741.67% | 192.63% | 615.1% | 618% | 63.23% | -3627.32% | -275.71% | 72.85% |
| FCF per Share | -0.54 | -0.89 | -0.06 | -0.41 | 0.20 | 0.35 | -0.16 | 0.46 | 0.66 | 0.08 | 0.91 | 0.59 | 0.46 | 0.39 | 0.57 | 0.29 | -0.07 | -0.42 | -0.11 | -0.06 |
| FCF Conversion (FCF/Net Income) | 3.09x | 0.37x | 14.28x | 1.20x | 2.40x | 9.55x | 3.42x | 3.31x | 2.29x | 1.95x | 3.19x | 1.85x | 1.57x | 1.25x | 1.56x | 1.07x | 1.15x | -2.71x | -1.00x | -1.15x |
| Interest Paid | 5.9M | 8.51M | 9.47M | 10.42M | 10.8M | 9.04M | 7.9M | 9.33M | 8.39M | 7.45M | 7.13M | 7.56M | 6.19M | 5.76M | 6.69M | 5.27M | 4.5M | 3.85M | 3.58M | 4.36M |
| Taxes Paid | 0 | 0 | -12.03M | 2.5M | 19.75M | 825K | -4.38M | 15.86M | 7.68M | 16.69M | 10.51M | 7.13M | 0 | 0 | 4.24M | 429K | 1.25M | 4.83M | 0 | 0 |