National CineMedia, Inc. (NCMI) quarterly cash flow statement — complete operating, investing & financing history
National CineMedia, Inc. (NCMI) cash flow statement — 20-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 | -1.5M | 18.1M | 8.3M | 500K | -4.9M | 6M | 30.5M | -2M | 7.7M | 24.1M | 15.6M | -26.8M | -5.9M | 10.4M | -10.6M | 3.7M | -16.8M | -23.6M | -2.7M | -30.9M |
| Operating CF Margin % | -2.57% | 53.24% | 8.91% | 0.79% | -9.46% | 17.19% | 35.34% | -3.21% | 14.08% | 64.44% | 17.18% | -108.5% | -39.86% | 29.8% | -11.56% | 6.79% | -25.04% | -65.74% | -4.25% | -97.48% |
| Operating CF Growth % | 69.39% | 201.67% | -72.79% | 125% | -163.64% | -75.1% | 95.51% | 92.54% | 230.51% | 131.73% | 247.17% | -824.32% | 64.88% | 144.07% | -292.59% | 111.97% | 54.1% | 5.6% | 91.18% | -43.72% |
| Net Income | -10M | -28.6M | 29.3M | 1.6M | -10.7M | -30.7M | 24.7M | -3.6M | -8.7M | -34.7M | 23.7M | 181.7M | 545.3M | -54M | 10.1M | -8.9M | -8.6M | -46M | 8.6M | -33.5M |
| Depreciation & Amortization | 9.5M | 9.5M | 9.1M | 9M | 9.3M | 10.4M | 10.6M | 10.7M | 10.6M | 10.5M | 10.6M | 6.3M | 1.1M | 7.5M | 7.7M | 7.8M | 7.8M | 8.1M | 8.7M | 8.7M |
| Stock-Based Compensation | 2.3M | 1.7M | 2M | 1.7M | 2.9M | 2.7M | 3M | 3.1M | 3.5M | 2.6M | 1.5M | 1M | 500K | 1.5M | 2M | 0 | 1.6M | 1.4M | 0 | 1.7M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 5.5M | 0 | -12.3M | 0 | 12.3M | -41.4M | 0 | -557.7M | -600K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -3.5M | 700K | -6.4M | -2.2M | -1.7M | 2.2M | -4.1M | 9.7M | 200K | 300K | 38.5M | -194M | 4.4M | 6.4M | -1.7M | -8.4M | -3.6M | 15.3M | -4.9M | -200K |
| Working Capital Changes | 200K | 34.8M | -25.7M | -9.6M | -4.7M | 15.9M | -3.7M | -9.6M | 2.1M | 33.1M | -17.3M | -21.8M | 500K | 49.6M | -28.7M | 13.2M | -14M | -2.4M | -15.1M | -7.6M |
| Change in Receivables | 7.6M | 26.6M | -34.8M | -2.2M | -10.6M | 38.7M | -22.6M | -45.6M | -2.3M | 47.9M | -27.4M | 5.9M | 5.1M | 52.7M | -33.5M | 4.1M | -20.6M | 10M | -24.5M | -16.7M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.3M | -5.5M | 0 | 0 | 0 | 15.9M | 0 | 0 | 0 |
| Change in Payables | 200K | -5.8M | 0 | 2.3M | 4.6M | -16.8M | 9.7M | 2.2M | 5.1M | -17.1M | 8.7M | -18.2M | 400K | 6.4M | 0 | 7M | 4.7M | 0 | -2.5M | 0 |
| Cash from Investing | -1M | -100K | -9.6M | -3.4M | -1.7M | -700K | -2.8M | -500K | -1.1M | -1.3M | -1M | 34.4M | -100K | -700K | 1.6M | -500K | -800K | -700K | -1.8M | -700K |
| Capital Expenditures | -700K | -300K | -2.2M | -1.4M | -1.7M | -700K | -2.4M | -600K | -1.3M | -1.5M | -1.6M | -600K | -100K | -1M | -900K | -500K | -800K | -700K | -1.8M | -1M |
| CapEx % of Revenue | 1.2% | 0.88% | 2.36% | 2.21% | 3.28% | 2.01% | 2.78% | 0.96% | 2.38% | 4.01% | 1.76% | 2.43% | 0.68% | 2.87% | 0.98% | 0.92% | 1.19% | 1.95% | 2.83% | 3.15% |
| Acquisitions | 0 | 0 | -7.5M | 0 | 0 | 0 | 600K | -400K | 200K | 0 | 600K | 34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -400K | 0 | 400K | 0 | 0 | 0 | 0 | 400K | -200K | 0 | -600K | 34M | 0 | 300K | 2.2M | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -3M | -4M | 6M | -4.5M | -16.1M | -20.4M | -2M | -1.9M | -9.9M | -300K | 0 | -100K | -49.6M | -2.4M | -700K | -2.8M | -23.1M | 36.9M | -4.4M | -5.7M |
| Debt Issued (Net) | 0 | 0 | 12M | -1.5M | -10M | -10M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -800K | -800K | -200K | -20.6M | 48.4M | -100K | -800K |
| Equity Issued (Net) | -200K | -1.2M | -3.3M | 0 | -10.4M | -8.9M | -1.3M | -1.9M | -9.2M | 0 | 0 | 0 | 0 | 0 | 100K | -100K | 0 | -200K | -300K | -300K |
| Dividends Paid | -2.9M | -2.8M | -2.9M | -2.8M | -5.7M | 0 | 0 | 0 | 0 | -300K | 0 | -100K | 0 | -400K | 0 | -2.5M | -2.5M | -4.5M | -4M | -4.1M |
| Share Repurchases | -200K | -1.2M | -3.3M | 600K | -10.4M | -8.9M | -1.3M | -1.9M | -9.2M | 0 | 0 | 0 | 0 | 0 | 100K | -100K | 0 | -200K | -300K | -300K |
| Other Financing | 100K | 0 | 200K | -200K | 10M | -1.5M | -700K | 0 | -700K | 0 | 0 | 0 | -49.6M | -1.2M | 0 | 0 | 0 | -6.8M | 0 | -500K |
| Net Change in Cash | -5.5M | 14M | 4.7M | -7.4M | -22.7M | -15.1M | 25.7M | -4.4M | -3.3M | 22.5M | 14.6M | 7.5M | -55.6M | 7.3M | -9.7M | 400K | -40.7M | 12.6M | -8.9M | -37.3M |
| Free Cash Flow | -2.2M | 17.8M | 6.5M | -500K | -6.6M | 5.3M | 28.1M | -2.6M | 6.4M | 22.6M | 14M | -27.4M | -6M | 9.4M | -11.5M | 3.2M | -17.6M | -24.3M | -4.5M | -31.9M |
| FCF Margin % | -3.77% | 52.35% | 6.97% | -0.79% | -12.74% | 15.19% | 32.56% | -4.17% | 11.7% | 60.43% | 15.42% | -110.93% | -40.54% | 26.93% | -12.54% | 5.87% | -26.23% | -67.69% | -7.09% | -100.63% |
| FCF Growth % | 66.67% | 235.85% | -76.87% | 80.77% | -203.13% | -76.55% | 100.71% | 90.51% | 206.67% | 140.43% | 221.74% | -956.25% | 65.91% | 138.68% | -155.56% | 110.03% | 53.07% | 10% | 85.94% | -39.3% |
| FCF per Share | -0.02 | 0.19 | 0.07 | -0.01 | -0.07 | 0.06 | 0.29 | -0.03 | 0.07 | 0.23 | 0.14 | -0.44 | -0.34 | 0.65 | -1.41 | 0.39 | -2.16 | -3.00 | -0.56 | -3.97 |
| FCF Conversion (FCF/Net Income) | 0.15x | -0.63x | 0.28x | 0.31x | 0.46x | -0.20x | 1.23x | 0.56x | -0.89x | -0.69x | 0.66x | -0.15x | -0.01x | -0.23x | -1.74x | -0.42x | 24.00x | 0.94x | -0.31x | 2.03x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 100K | 200K | 0 | 0 | 200K | 0 | 0 | 0 | 12.2M | 17.6M | 0 | 0 | 15.6M | 0 | 13.1M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |