The ODP Corporation (ODP) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q4'20 |
|---|
| Cash from Operations | 90M | 16M | 57M | 28M | 75M | -11M | 38M | 70M | 112M | -8M | 157M | 158M | 163M | -114M | 30M | 77M | 171M | -11M | 86M | -4M |
| Operating CF Margin % | 5.54% | 1.01% | 3.35% | 1.73% | 4.21% | -0.64% | 2.03% | 3.88% | 5.58% | -0.42% | 7.45% | 7.5% | 7.5% | -5.6% | 1.38% | 3.77% | 7.85% | -0.53% | 3.96% | -0.17% |
| Operating CF Growth % | 20% | 245.45% | 50% | -60% | -33.04% | -37.5% | -75.8% | -55.7% | -31.29% | 92.98% | 423.33% | 105.19% | -4.68% | -936.36% | -65.12% | 2025% | -44.66% | -37.5% | -54.26% | -102.63% |
| Net Income | 23M | 0 | -29M | 11M | 68M | -4M | 31M | -37M | 69M | 35M | 72M | 36M | 67M | 20M | 55M | -274M | 190M | 19M | 53M | 18M |
| Depreciation & Amortization | 24M | 29M | 27M | 24M | 24M | 20M | 25M | 28M | 28M | 29M | 30M | 31M | 32M | 34M | 34M | 38M | 21M | 36M | 46M | 46M |
| Stock-Based Compensation | 0 | 5M | 7M | 9M | 3M | 9M | 9M | 8M | 10M | 9M | 9M | 9M | 12M | 10M | 9M | 12M | 6M | 10M | 10M | 13M |
| Deferred Taxes | 13M | -5M | -15M | 25M | 31M | -10M | -8M | 1M | 16M | 6M | 17M | 7M | 21M | 2M | 10M | 0 | -1M | 1M | 6M | -2M |
| Other Non-Cash Items | 4M | 8M | 42M | 13M | 5M | 11M | 10M | 84M | 7M | 11M | 9M | 12M | 9M | 5M | 5M | -26M | -112M | -42M | 19M | 18M |
| Working Capital Changes | 26M | -21M | 25M | -54M | -56M | -37M | -29M | -14M | -18M | -98M | 20M | 63M | 22M | -185M | -83M | 327M | 67M | -35M | -48M | -97M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41M | 0 | 0 | 0 | -42M | 0 | 0 | 0 | -61M | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47M | 0 | 0 | 0 | 13M | 0 | 0 | 0 | 35M | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 15M | -5M | -14M | -41M | -32M | -19M | -34M | -30M | -18M | 77M | -31M | -25M | -24M | -14M | 53M | -25M | -21M | 0 | -33M | -10M |
| Capital Expenditures | -12M | -12M | -21M | -26M | -22M | -15M | -31M | -29M | -25M | -24M | -27M | -31M | -25M | -22M | -21M | -26M | -18M | -16M | -13M | -14M |
| CapEx % of Revenue | 0.74% | 0.76% | 1.24% | 1.6% | 1.24% | 0.87% | 1.66% | 1.61% | 1.25% | 1.26% | 1.28% | 1.47% | 1.15% | 1.08% | 0.96% | 1.27% | 0.83% | 0.77% | 0.6% | 0.61% |
| Acquisitions | 24M | 0 | 0 | 0 | -11M | 0 | 0 | -3M | 1M | 100M | -10M | 2M | 0 | 0 | 0 | 0 | -1M | 0 | -28M | -2M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 3M | 7M | 7M | -15M | 1M | -4M | -3M | 2M | 6M | 1M | 6M | 4M | 1M | 8M | 74M | 1M | -2M | 16M | 8M | 6M |
| Cash from Financing | -99M | -21M | -24M | -11M | -40M | -61M | -113M | -34M | -43M | -78M | -185M | -204M | -77M | -10M | -64M | -291M | -85M | -53M | -30M | -5M |
| Debt Issued (Net) | -97M | -19M | -21M | 34M | 61M | 57M | -56M | -3M | -7M | -44M | 35M | -5M | -5M | -5M | -49M | -105M | -7M | -7M | -6M | -4M |
| Equity Issued (Net) | 0 | -3M | -2M | -46M | -101M | -112M | -56M | -31M | -36M | -34M | -220M | -198M | -71M | -3M | -14M | -186M | -78M | -46M | -23M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -3M | -2M | -46M | -101M | -112M | -56M | -31M | -36M | -34M | -220M | -198M | -71M | -3M | -14M | -186M | -78M | -46M | -23M | 0 |
| Other Financing | -2M | 1M | -1M | 1M | 0 | -6M | -1M | 0 | 0 | 0 | 0 | -1M | -1M | -2M | -1M | 0 | 0 | 0 | -1M | -1M |
| Net Change in Cash | 5M | -8M | 19M | -26M | 4M | -92M | -110M | 8M | 50M | -8M | -59M | -70M | 57M | -140M | 20M | -239M | 62M | -62M | 24M | -14M |
| Free Cash Flow | 78M | 4M | 36M | 2M | 53M | -26M | 7M | 41M | 87M | -32M | 130M | 127M | 138M | -136M | 9M | 51M | 153M | -27M | 73M | -18M |
| FCF Margin % | 4.8% | 0.25% | 2.12% | 0.12% | 2.98% | -1.51% | 0.37% | 2.27% | 4.33% | -1.68% | 6.17% | 6.03% | 6.35% | -6.69% | 0.41% | 2.5% | 7.02% | -1.3% | 3.36% | -0.79% |
| FCF Growth % | 47.17% | 115.38% | 414.29% | -95.12% | -39.08% | 18.75% | -94.62% | -67.72% | -36.96% | 76.47% | 1344.44% | 149.02% | -9.8% | -403.7% | -87.67% | 383.33% | -49% | -17.39% | -55.21% | -114.4% |
| FCF per Share | 2.60 | 0.13 | 1.20 | 0.06 | 1.61 | -0.74 | 0.18 | 1.10 | 2.23 | -0.82 | 3.10 | 2.84 | 2.82 | -2.72 | 0.18 | 1.01 | 2.78 | -0.48 | 1.30 | -0.34 |
| FCF Conversion (FCF/Net Income) | 3.91x | - | -1.97x | -9.33x | 1.29x | 0.15x | 2.53x | -1.89x | 1.60x | -0.24x | 2.18x | 9.29x | 2.43x | -4.22x | 0.55x | -0.28x | 1.69x | 0.13x | 1.62x | -0.22x |
| Interest Paid | 6M | 7M | 5M | 6M | 5M | 5M | 3M | 0 | -5M | 6M | 0 | 0 | 0 | 0 | 0 | 25M | 0 | 0 | 0 | 0 |
| Taxes Paid | 2M | 9M | 4M | -14M | 3M | 10M | 1M | 8M | 8M | 19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |