Noah Holdings Limited (NOAH) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q2'21 | Q1'21 |
|---|
| Cash from Operations | 367.26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.78M | 55.94M | 24.35M | 85.5M | 63.61M | 26.39M | -289.71M | 501.18M | 0 | 0 | 0 | 495.94M |
| Operating CF Margin % | 50.53% | - | - | - | - | - | - | - | 0.35% | 7.46% | 2.59% | 10.64% | 7.21% | 3.86% | -39.25% | 62.99% | - | - | - | 40.49% |
| Operating CF Growth % | - | - | - | - | -100% | -100% | -100% | -100% | -95.64% | 111.99% | 108.41% | -82.94% | - | - | - | 1.06% | - | - | - | - |
| Net Income | 12.65M | 218.49M | 178.58M | 148.96M | 109.75M | 134.42M | 99.79M | 131.49M | 29.95M | 233.33M | 315.43M | 244.21M | 139.91M | 182.41M | 349M | 304.21M | 281.31M | 273.2M | 305.53M | 452.86M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 115.61M | 0 | 40.01M | 40.36M | 0 | 0 | 0 | 24.27M |
| Stock-Based Compensation | 0 | 14.92M | 13.01M | 24.78M | 30.7M | 19.85M | 21.88M | 36.6M | 21.93M | -1.16M | -3.06M | -6.19M | 12.32M | 11.15M | 7.99M | 10.85M | 32.34M | 12.42M | 16.03M | 10.14M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.48M | 0 | 0 | 0 | 1.29M | 0 | 0 | -1.29M | 0 | 0 | 0 | 715K |
| Other Non-Cash Items | 354.61M | -233.41M | -191.58M | -148.96M | -140.46M | -154.26M | -121.67M | -168.09M | -51.6M | -232.16M | -312.37M | -238.02M | -152.22M | -193.56M | -359.44M | -22.71M | -313.66M | -285.62M | -321.56M | -16.95M |
| Working Capital Changes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -169.78M | 0 | -327.27M | 169.78M | 0 | 0 | 0 | 24.9M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -105.82M | 0 | 0 | 410.51M | 0 | 0 | 0 | -9.96M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 217.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -102.43M | -417.48K | 47.22M | 21.73M | 6.54M | 4.8M | -17.06M | 9.34M | 0 | 0 | 0 | -68.87M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.78M | 0 | 0 | 0 | -58.58M | 0 | -1.63M | -4.13M | 0 | 0 | 0 | -11.76M |
| CapEx % of Revenue | 50.53% | - | - | - | - | - | - | - | 0.35% | - | - | - | 6.64% | - | 0.22% | 0.52% | - | - | - | 0.96% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 3.27B | 3.41B | 3.68B | 3.53B | 3.62B | 3.66B | 3.48B | 3.07B | 2.72B | 2.89B | 2.89B | 2.64B | 2.58B | 2.34B | 2.31B | 2.19B | 2.16B | 2.07B | 1.91B | 1.97B |
| Other Investing | 217.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -103.95M | 0 | 0 | 0 | 114.91M | 0 | -15.43M | 26.05M | 0 | 0 | 0 | -48.35M |
| Cash from Financing | -1.11B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -69.96M | 27.73M | 12.55M | 496.93K | -449.91K | 34.11M | 777K | -12.06M | 0 | 0 | 0 | -542.96M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -50.78M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 694K | 0 | 0 | 0 | -371.11M |
| Dividends Paid | -530.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -50.78M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -372.38M |
| Other Financing | -525.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -44.91M | 27.73M | 12.55M | 496.93K | 0 | 34.11M | 777K | -12.75M | 0 | 0 | 0 | -171.85M |
| Net Change in Cash | 599.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53.78M | 27.78M | -33.37M | 68.83M | 27.19M | 70.27M | -289.67M | 495.29M | 0 | 0 | 0 | -100.89M |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55.94M | 24.35M | 85.5M | 5.03M | 26.39M | -291.34M | 497.05M | 0 | 0 | 0 | 484.18M |
| FCF Margin % | - | - | - | - | - | - | - | - | - | 7.46% | 2.59% | 10.64% | 0.57% | 3.86% | -39.47% | 62.47% | - | - | - | 39.53% |
| FCF Growth % | - | - | - | - | - | -100% | -100% | -100% | -100% | 111.99% | 108.36% | -82.8% | - | - | - | 2.66% | - | - | - | - |
| FCF per Share | - | - | - | - | - | - | - | - | - | 4.04 | 1.75 | 6.15 | 0.36 | 1.91 | -21.64 | 36.83 | - | - | - | 35.83 |
| FCF Conversion (FCF/Net Income) | 29.04x | - | - | - | - | - | - | - | 0.01x | 0.24x | 0.08x | 0.35x | 0.45x | 0.14x | -0.83x | 1.64x | - | - | - | 1.09x |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31.88M | 0 | 0 | 0 | 25.99M |