Ferrari N.V. (RACE) quarterly cash flow statement — complete operating, investing & financing history
Ferrari N.V. (RACE) cash flow statement — 13-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 | 435.65M | 866.66M | 2.35B | 588.34M | 394.9M | 846.92M | 495.02M | 611.22M | 315.71M | 504.7M | 527.53M | 501.09M | 294.47M | 393.54M | 431.22M | 403.94M | 155.65M | 412.52M | 355.63M | 404.37M |
| Operating CF Margin % | 22.52% | 46.9% | 130.42% | 33.31% | 22.09% | 47.29% | 28.52% | 37.17% | 18.44% | 31.85% | 34.64% | 32.45% | 19.98% | 27.54% | 31.52% | 32.32% | 12.05% | 34.78% | 30.34% | 38.39% |
| Operating CF Growth % | 10.32% | 2.33% | 374.59% | -3.74% | 25.08% | 67.81% | -6.16% | 21.98% | 7.21% | 28.25% | 22.33% | 24.05% | 89.19% | -4.6% | 21.26% | -0.11% | -37.42% | 50.55% | -13.48% | 75.2% |
| Net Income | 461.55M | 414.43M | 1.6B | 381.72M | 425.1M | 412.05M | 385.5M | 374.91M | 413.28M | 352.21M | 22.89M | 331.66M | 334.4M | 296.91M | 280.81M | 284.49M | 249.01M | 299.24M | 261.19M | 205.78M |
| Depreciation & Amortization | 150.36M | 174.4M | 661.94M | 167.42M | 156.6M | 150.99M | 174.36M | 171.26M | 158.34M | 162.8M | 186.06M | 172.61M | 151.8M | 151.84M | 171.01M | 136.01M | 123.7M | 115.5M | 132.73M | 100.88M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.29M | 0 | 0 | 3.36M |
| Deferred Taxes | 12.1M | 21.38M | 0 | 107.66M | 119.9M | 116.22M | 86.8M | 90.82M | 97.38M | 88.05M | 0 | 93.54M | 94.32M | 83.74M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 28.67M | 153.99M | 176.49M | 427K | -172.91M | 24.02M | -137.88M | 5.08M | -140.31M | 26.64M | 239.83M | 16.28M | -118.14M | 17.18M | -75.54M | 9.16M | -71.34M | 8.5M | -51.5M | 47.83M |
| Working Capital Changes | -217.03M | 102.45M | -88.63M | -68.89M | -133.79M | 143.63M | -13.77M | -30.85M | -212.98M | -125.01M | 78.75M | -113M | -167.9M | -156.13M | 54.95M | -25.73M | -151.02M | -10.72M | 13.21M | 46.53M |
| Change in Receivables | -169.84M | -75.97M | -20.62M | 30.45M | -57.09M | -75.68M | -72.57M | 4.41M | -21.72M | -122.83M | 18.3M | -17.4M | -59.71M | -81.82M | -41.62M | 1.22M | -6.41M | -111.94M | 18.93M | 9.22M |
| Change in Inventory | -82.6M | -54.53M | -76.68M | 51.67M | -59.83M | -9.32M | -46.55M | 46.24M | -104.91M | -52.31M | -59.57M | 1.45M | -150.59M | -100.86M | -48.08M | -3.54M | -65.04M | -37.23M | -24.43M | 20.36M |
| Change in Payables | 46.75M | 95.53M | -59.13M | -69.37M | 49.71M | -19.59M | 73.41M | -76.43M | 38.18M | -27.49M | 124.67M | -130.26M | 84.39M | -35.53M | 158.36M | -36.82M | -13.67M | -3.89M | 98.14M | -29.26M |
| Cash from Investing | -234.67M | -253.82M | -944.14M | -230.47M | -238.68M | -224.23M | -275.71M | -249.05M | -268.26M | -194.09M | -315.65M | -203.56M | -198.35M | -148.89M | -309.04M | -198.79M | -166.6M | -130.98M | -228.19M | -188.94M |
| Capital Expenditures | -235.51M | -253.82M | -485.21M | -115.69M | -120.16M | -109.07M | -140.62M | -124.88M | -134.95M | -81.83M | -170.19M | -96.01M | -73.95M | -41.62M | -160.8M | -95.34M | -52.13M | -39.46M | -125.55M | -100.17M |
| CapEx % of Revenue | 12.17% | 13.73% | 26.94% | 6.55% | 6.72% | 6.09% | 8.1% | 7.59% | 7.88% | 5.16% | 11.17% | 6.22% | 5.02% | 2.91% | 11.75% | 7.63% | 4.04% | 3.33% | 10.71% | 9.51% |
| Acquisitions | 904.64K | 0 | -1.35M | 0 | 0 | 0 | 1.83M | 66K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.37M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -457.58M | -114.78M | -118.51M | -114.7M | -136.93M | -124.24M | -133.31M | -112.73M | -145.46M | -107.55M | -124.4M | -107.27M | -148.24M | -103.45M | -114.48M | -90.15M | -102.64M | -88.77M |
| Cash from Financing | -573.58M | -223.7M | -1.67B | -458.13M | -544.15M | -446.09M | -11.84M | -163.28M | -82.23M | -67.41M | -99.02M | -397.88M | -423.19M | -189.32M | -85.71M | -52.01M | -281.08M | -134.76M | -61.01M | 132.48M |
| Debt Issued (Net) | 239.86M | 2.95M | -347.67M | -293.94M | -41.81M | -22.42M | 147.12M | 18.14M | 478.75M | 68.9M | -11.57M | -183.12M | -28.01M | -92.56M | 10.65M | 50.38M | 33.41M | 316K | 5.09M | 200.09M |
| Equity Issued (Net) | -208.64M | -226.66M | -785.33M | -132.37M | 0 | -423.68M | -150.52M | -146.79M | -147.46M | -136.32M | -86.23M | -194.81M | -82.83M | -96.77M | -95.32M | -85.01M | -81.11M | -135.08M | -65.75M | -55.6M |
| Dividends Paid | -597.96M | 0 | -534.15M | -31.81M | -497.89M | 0 | -1.8M | -24.59M | 0 | 0 | -1.22M | -19.95M | 0 | 0 | -1.03M | -17.38M | -231.11M | 0 | -356K | -10.65M |
| Share Repurchases | -208.64M | -226.66M | -785.33M | -132.37M | 0 | -423.68M | -150.52M | -146.79M | -147.46M | -136.32M | -86.23M | -194.81M | -82.83M | -96.77M | -95.32M | -85.01M | -81.11M | -135.08M | -65.75M | -55.6M |
| Other Financing | -6.84M | 11.21K | 0 | 0 | -4.45M | 0 | -6.64M | -10.03M | -413.52M | 0 | 0 | 0 | -312.36M | 0 | 0 | 0 | -2.27M | 0 | 1K | -1.35M |
| Net Change in Cash | -392.67M | 366.74M | -274.5M | -99.83M | -396.33M | 172.57M | 213.52M | 196.56M | -34.09M | 244.24M | 109.54M | -98M | -330.7M | 52.24M | 26.09M | 156.94M | -287.76M | 149.49M | 71.03M | 350.86M |
| Free Cash Flow | 329.55M | 731.63M | 1.41B | 472.64M | 155.91M | 623.13M | 217.94M | 486.34M | 47.34M | 310.12M | 211.8M | 296.33M | 96.06M | 243.54M | 121.86M | 205.15M | 103.52M | 282.11M | 124.61M | 304.21M |
| FCF Margin % | 17.03% | 39.59% | 78.06% | 26.76% | 8.72% | 34.8% | 12.56% | 29.57% | 2.77% | 19.57% | 13.91% | 19.19% | 6.52% | 17.04% | 8.91% | 16.41% | 8.02% | 23.79% | 10.63% | 28.88% |
| FCF Growth % | 111.37% | 17.41% | 545.18% | -2.82% | 229.34% | 100.93% | 2.9% | 64.12% | -50.72% | 27.34% | 73.82% | 44.44% | -7.21% | -13.67% | -2.21% | -32.56% | -44.27% | 34.11% | -56.13% | 91.83% |
| FCF per Share | 1.87 | 4.13 | 7.89 | 2.65 | 0.87 | 3.48 | 1.21 | 2.70 | 0.26 | 1.72 | 1.17 | 1.63 | 0.53 | 1.34 | 0.67 | 1.12 | 0.56 | 1.54 | 0.68 | 1.65 |
| FCF Conversion (FCF/Net Income) | 0.94x | 2.10x | 6.19x | 1.54x | 0.93x | 2.06x | 1.29x | 1.63x | 0.77x | 1.44x | 1.80x | 1.52x | 0.88x | 1.33x | 1.96x | 1.79x | 0.63x | 1.73x | 1.66x | 1.97x |
| Interest Paid | 0 | 0 | -126.26M | 45.28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.32M | 0 | 0 | 5.12M |
| Taxes Paid | 0 | 0 | -385.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |