Markel Corporation (MKL) quarterly cash flow statement — complete operating, investing & financing history
Markel Corporation (MKL) cash flow statement — 30-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 | 428.87M | 15.91M | 662.19M | 1.22B | 504.4M | 376.19M | 493.94M | 890.78M | 578.63M | 630.65M | 822.53M | 955.66M | 724.44M | 284.18M | 829.17M | 959.28M | 506.12M | 414.87M | 651.63M | 809.27M |
| Operating CF Growth % | -14.97% | -95.77% | 34.06% | 36.79% | -12.83% | -40.35% | -39.95% | -6.79% | -20.13% | 121.92% | -0.8% | -0.38% | 43.14% | -31.5% | 27.25% | 18.54% | 2.24% | 30.41% | 36.9% | 4.71% |
| Operating CF / Revenue % | 8.25% | 0.45% | 15.69% | 27.78% | 11.44% | 11.31% | 12.86% | 19.8% | 15.59% | 13.96% | 18.03% | 27.99% | 17.55% | 7.87% | 20.37% | 30.17% | 26.68% | 15.78% | 17.27% | 29.59% |
| Net Income | 1.19B | -204.36M | 576.81M | 763.79M | 677.18M | 129.35M | 518.75M | 946.94M | 261.6M | 1.05B | 769.31M | 53.27M | 689.75M | 537.8M | 691.67M | 122.53M | -923.29M | -49.91M | 871.13M | 189.67M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 101.73M | 47.55M | 0 | 44.4M | 156.66M | 43.42M | 0 | 46.05M | 170.16M | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -756.6M | 220.27M | 85.38M | 454.69M | -172.79M | 246.84M | -1.14B | -56.16M | 317.02M | -418.53M | -1.55B | 854.84M | 34.69M | -298.02M | -606.17M | 793.34M | 1.43B | 418.74M | -684.76M | 619.6M |
| Working Capital Changes | 0 | 0 | 0 | 0 | 0 | 0 | 1.11B | 0 | 0 | 0 | 1.5B | 0 | 0 | 0 | 587.01M | 0 | 0 | 0 | 295.1M | 0 |
| Cash from Investing | -197.32M | -348.22M | -554.01M | -719.3M | -109.41M | 192.81M | -514.26M | -326.07M | -1.04B | -564.17M | -1.36B | -969.07M | -265.03M | -108.53M | -386.88M | -879.96M | -345.89M | -49.98M | -205.31M | -495.15M |
| Capital Expenditures | -44.33M | -47.27M | -63.12M | -52.42M | -50.64M | -40.71M | -73.95M | -51.89M | -57.2M | -71.95M | -103.53M | -75.64M | -42.26M | -37.18M | -45.43M | -98.74M | -58.85M | -51.7M | -64.49M | -25.02M |
| Acquisitions | -4.21M | -20.16M | -46.21M | 0 | -60M | 0 | -522K | 0 | -204.74M | -48.98M | -36.71M | -159.59M | 41.3M | -21.66M | 26.86M | -14M | 10.15M | 736.8M | -318.09M | -240.07M |
| Purchase of Investments | -665.03M | -819.45M | -1.24B | -1.21B | -787.63M | -831.2M | -803.33M | -1.08B | -1.46B | -1.03B | -1.83B | -961.18M | -1.21B | -935.87M | -1.05B | -995.41M | -457.2M | -917.21M | -313.4M | -469.4M |
| Sale/Maturity of Investments | 813.49M | 599.93M | 798.84M | 841.25M | 616.24M | 979.7M | 352.66M | 796.31M | 662.12M | 586.89M | 600.65M | 219.58M | 941.66M | 866.21M | 672.33M | 205.88M | 319.81M | 196.33M | 488.43M | 239.35M |
| Other Investing | -297.24M | -61.27M | -5.7M | -294.54M | 172.62M | 85.02M | 10.89M | 7.24M | 16.46M | -2.42M | 9.81M | 7.76M | 7.2M | 19.97M | 8.87M | 22.31M | -159.8M | -14.2M | 2.25M | 1K |
| Cash from Financing | -341.93M | -79.55M | -111.48M | -170.83M | -821.95M | -105.8M | -363.61M | -189.46M | 404.42M | -102.73M | -200.43M | -169.41M | -217.73M | -412.15M | -104.26M | -104.34M | -375.35M | -18.85M | -69.62M | -124.9M |
| Dividends Paid | 0 | 0 | -600M | 0 | -18M | 0 | -18M | 0 | -18M | 0 | -18M | 0 | -18M | 0 | -18M | 0 | -18M | 0 | -18M | 0 |
| Share Repurchases | -236.72M | -133.93M | 514.5M | -74.39M | -699.35M | -170.27M | -183.64M | -128.9M | -99.31M | -160.88M | -175.89M | -82.43M | -105.2M | -81.96M | -82.71M | -81.8M | -46.99M | -79.3M | -84.14M | -61.55M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K |
| Other Financing | -90.45M | -24.03M | -45.83M | -15.94M | -75.14M | 3.83M | -137.49M | -14.78M | -22.96M | -4.89M | -17.77M | -41.26M | -12.43M | -122.11M | -7.51M | -5.75M | -36.99M | -4.81M | -60.34M | -6.03M |
| Net Change in Cash | -113.23M | -422.02M | -13.6M | 321.81M | -379.85M | 482.69M | -434.27M | 410.51M | -60.74M | -55.29M | -712.83M | -196.07M | 236.08M | -216.66M | 425.64M | -115.45M | -296.27M | 326.64M | 373.94M | 155.19M |
| Exchange Rate Effect | -2.85M | -10.17M | -10.31M | -6.53M | 47.12M | 19.49M | -50.35M | 35.27M | -3.17M | -19.05M | 26.04M | -13.24M | -5.61M | 19.84M | 87.61M | -90.42M | -81.14M | -19.41M | -2.76M | -34.03M |
| Cash at Beginning | 4.18B | 4.6B | 4.62B | 4.3B | 4.67B | 4.19B | 4.63B | 4.22B | 4.28B | 4.33B | 5.04B | 5.24B | 5B | 5.22B | 4.8B | 4.91B | 5.21B | 4.88B | 4.51B | 4.35B |
| Cash at End | 4.07B | 4.18B | 4.6B | 4.62B | 4.3B | 4.67B | 4.19B | 4.63B | 4.22B | 4.28B | 4.33B | 5.04B | 5.24B | 5B | 5.22B | 4.8B | 4.91B | 5.21B | 4.88B | 4.51B |
| Free Cash Flow | 384.54M | -31.35M | 599.07M | 1.17B | 453.76M | 335.48M | 419.99M | 838.89M | 521.43M | 558.7M | 719M | 880.01M | 682.18M | 247M | 783.74M | 860.54M | 447.27M | 363.18M | 587.13M | 784.25M |
| FCF Growth % | -15.25% | -109.35% | 42.64% | 39% | -12.98% | -39.95% | -41.59% | -4.67% | -23.56% | 126.19% | -8.26% | 2.26% | 52.52% | -31.99% | 33.49% | 9.73% | -4.83% | 26.33% | 31.21% | 4.46% |
| FCF Margin % | 7.4% | -0.88% | 14.2% | 26.58% | 10.29% | 10.09% | 10.93% | 18.64% | 14.05% | 12.37% | 15.76% | 25.77% | 16.53% | 6.84% | 19.25% | 27.06% | 23.57% | 13.81% | 15.56% | 28.67% |
| FCF per Share | 34.23 | -2.79 | 50.63 | 91.6 | 35.64 | 26.13 | 32.49 | 64.45 | 39.86 | 42.46 | 54.12 | 65.94 | 50.87 | 18.33 | 57.9 | 63.3 | 32.86 | 26.6 | 42.7 | 56.89 |