The Marzetti Company (MZTI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q3'26 | 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 |
|---|
| Cash from Operations | 70.53M | 88.62M | 69.51M | 88.18M | 45.81M | 107.62M | 19.89M | 34.1M | 75.93M | 105.91M | 35.62M | 41.75M | 43.71M | 89.58M | 50.86M | 43.16M | 16.67M | 43.15M | -1.17M | 35.49M |
| Operating CF Margin % | 15.56% | 17.11% | 14.09% | 18.55% | 10.01% | 21.13% | 4.26% | 7.53% | 16.11% | 21.8% | 7.72% | 9.18% | 9.4% | 18.76% | 11.95% | 9.54% | 4.13% | 10.07% | -0.3% | 9.2% |
| Operating CF Growth % | 53.97% | -17.66% | 249.44% | 158.6% | -39.67% | 1.61% | -44.15% | -18.33% | 73.71% | 18.23% | -29.98% | -3.27% | 162.2% | 107.58% | 4439.93% | 21.62% | -65.15% | -35.8% | -104.96% | -31.26% |
| Net Income | 37.05M | 59.08M | 47.18M | 32.53M | 41.12M | 48.99M | 44.7M | 34.83M | 28.35M | 51.48M | 43.95M | 9.17M | 24.55M | 39.97M | 37.59M | 29.04M | -4.48M | 34.37M | 30.66M | 31.73M |
| Depreciation & Amortization | 17.54M | 17.54M | 16.71M | 17.11M | 15.65M | 15.05M | 14.36M | 14M | 14.37M | 13.93M | 13.59M | 14.54M | 13.65M | 11.81M | 11.2M | 11.46M | 11.57M | 11.58M | 11.26M | 11.94M |
| Stock-Based Compensation | 2.43M | 2.64M | 2.65M | 2.5M | 1.56M | 2.55M | 2.37M | 2.44M | 3.5M | 2.85M | 2.57M | 2.16M | 1.66M | 2.8M | 2.46M | 2.18M | 2.52M | 2.59M | 2.27M | 1.89M |
| Deferred Taxes | 0 | 0 | 22.96M | -392K | 2.03M | -5.88M | 4.74M | -3.93M | -4.89M | -3.49M | 5.76M | -4.26M | 11.86M | 1.66M | 195K | 643K | -1.27M | 2.05M | 800K | 324K |
| Other Non-Cash Items | 1.54M | 1.28M | 1.14M | 5.1M | 0 | 14.11M | 142K | 1.66M | 12.3M | 160K | -64K | 24.92M | 164K | 163K | -493K | 7.59M | 21.07M | -379K | -137K | 30K |
| Working Capital Changes | 11.96M | 8.08M | -21.13M | 31.32M | -14.56M | 32.8M | -46.42M | -14.9M | 22.3M | 40.97M | -30.2M | -4.78M | -8.18M | 33.17M | -98K | -7.76M | -12.74M | -7.06M | -46.03M | -10.42M |
| Change in Receivables | 5.48M | -1.98M | -5.99M | 11.04M | -7.71M | 2.35M | -5.95M | 7.08M | -2.45M | 19.89M | -5.11M | 21.27M | -3.09M | 9.32M | -745K | -25.36M | -5.36M | 3.6M | -10.47M | -20K |
| Change in Inventory | -12.68M | 11.45M | -4.73M | 21.84M | -19.91M | 26.49M | -20.41M | -12.16M | -2.9M | 19.62M | -19.54M | -3.51M | -15.34M | 26.53M | -21.24M | 21.32M | -10.86M | 3.2M | -36.49M | -18.83M |
| Change in Payables | 18.02M | -18.82M | 14.18M | -3.68M | 18.67M | -6.83M | -9.44M | -8.69M | 26.75M | 9K | -3.68M | -7.38M | 21.24M | -2.26M | 21.99M | -11.88M | 6.82M | -10.73M | -1.3M | 8.98M |
| Cash from Investing | -24.71M | -21M | -18.81M | -17.95M | -97.55M | -12.79M | -19.92M | -10.07M | -17.14M | -20.47M | -19.74M | -11.86M | -23.14M | -32.3M | -23.48M | -27.18M | -38.46M | -36.52M | -30.09M | -32.81M |
| Capital Expenditures | 0 | 0 | -15.63M | -14.29M | -15.05M | 17.64M | -17.64M | -15.57M | -14.87M | -18.8M | -18.33M | -11.33M | -22.36M | -31.9M | -24.59M | -27.08M | -38.19M | -36.47M | -30.23M | -32.26M |
| CapEx % of Revenue | 4.69% | 3.41% | 3.17% | 3% | 3.29% | 3.46% | 3.78% | 3.44% | 3.15% | 3.87% | 3.97% | 2.49% | 4.81% | 6.68% | 5.78% | 5.99% | 9.47% | 8.51% | 7.71% | 8.37% |
| Acquisitions | 0 | 0 | 0 | 0 | -78.82M | 0 | 0 | 6.92M | 50K | 0 | 0 | 3K | 0 | 0 | 1.16M | 368K | 0 | 0 | 0 | 150K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -24.71M | -21M | -3.19M | -3.67M | -3.67M | -30.42M | -2.28M | -1.43M | -2.32M | -1.67M | -1.41M | -530K | -784K | -394K | -55K | -459K | -264K | -47K | 134K | -551K |
| Cash from Financing | -28.96M | -48.19M | -30.02M | -33.31M | -26.77M | -26.81M | -28.36M | -25.34M | -27.88M | -25.33M | -30.6M | -24.28M | -33.19M | -26.01M | -23.45M | -22.79M | -25.14M | -22.71M | -26.7M | -25.74M |
| Debt Issued (Net) | -548K | -541K | -485K | -529K | -514K | -506K | -504K | -492K | -484K | -478K | -504K | -516K | -514K | -625K | -679K | 0 | -672K | -669K | -638K | 0 |
| Equity Issued (Net) | -16K | -20.05M | -1.14M | -6.47M | -76K | -3K | -1.44M | -24K | -929K | -42K | -6.65M | -13K | -8.98M | -125K | -84K | -78K | -2.15M | -9K | -5.33M | -3.91M |
| Dividends Paid | -27.48M | -27.59M | -26.32M | -26.2M | -26.18M | -26.26M | -24.87M | -24.82M | -24.86M | -24.81M | -23.45M | -23.42M | -23.42M | -23.46M | -22.07M | -22.02M | -22.03M | -22.04M | -20.68M | -20.66M |
| Share Repurchases | -16K | -20.05M | -1.14M | -6.47M | -76K | -3K | -1.44M | -24K | -929K | -42K | -6.65M | -13K | -8.98M | -125K | -84K | -78K | -2.15M | -9K | -5.33M | -3.91M |
| Other Financing | -912K | 0 | -2.08M | -112K | 0 | -46K | -1.55M | 0 | -1.61M | -3K | 0 | -326K | -282K | -1.8M | -617K | -686K | -295K | -2K | -59K | -1.17M |
| Net Change in Cash | 16.86M | 19.43M | 20.68M | 36.91M | -78.51M | 68.02M | -28.39M | -1.31M | 30.91M | 60.1M | -14.73M | 5.61M | -12.63M | 31.27M | 3.94M | -6.8M | -46.93M | -16.08M | -57.97M | -23.07M |
| Free Cash Flow | 49.26M | 70.94M | 53.88M | 73.89M | 74.47M | 96.59M | 2.26M | 18.53M | 61.06M | 87.1M | 17.28M | 30.42M | 21.35M | 57.67M | 26.28M | 16.08M | -21.52M | 6.68M | -31.4M | 3.23M |
| FCF Margin % | 10.86% | 13.7% | 10.92% | 15.54% | 16.27% | 18.97% | 0.48% | 4.09% | 12.95% | 17.93% | 3.74% | 6.69% | 4.59% | 12.08% | 6.18% | 3.55% | -5.33% | 1.56% | -8.01% | 0.84% |
| FCF Growth % | -33.86% | -26.55% | 2287.37% | 298.76% | 21.96% | 10.9% | -86.94% | -39.07% | 185.99% | 51.02% | -34.23% | 89.18% | 199.2% | 762.88% | 183.69% | 398.39% | -198.74% | -87.16% | -440.11% | -92.13% |
| FCF per Share | 1.80 | 2.59 | 1.96 | 2.69 | 2.71 | 3.51 | 0.08 | 0.67 | 2.22 | 3.17 | 0.63 | 1.11 | 0.78 | 2.10 | 0.96 | 0.59 | -0.78 | 0.24 | -1.14 | 0.12 |
| FCF Conversion (FCF/Net Income) | 1.90x | 1.50x | 1.47x | 2.71x | 1.11x | 2.20x | 0.45x | 0.98x | 2.68x | 2.06x | 0.81x | 4.55x | 1.78x | 2.24x | 1.35x | 1.49x | -3.72x | 1.26x | -0.04x | 1.12x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | -42.17M | 21.26M | 5.32M | 15.59M | 0 | 14.87M | 8.05M | 6.23M | 0 | 3.39M | 15.43M | 7.54M | 0 | 2.18M | 16.58M | 15K | 0 |