Ryanair Holdings plc (RYAAY) quarterly cash flow statement — complete operating, investing & financing history
Ryanair Holdings plc (RYAAY) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'27 | Q1'27 | Q4'26 | 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 |
|---|
| Cash from Operations | -2.75M | 1.2B | 1.99B | -72.8M | 320.9M | 1.46B | 2.32B | -86.6M | 55.1M | 1.13B | 1.87B | -354.7M | 388.8M | 1.13B | 2.17B | -37.7M | 346.1M | 1.41B | 1.03B | -132.9M |
| Operating CF Margin % | -0.05% | 27.45% | 79.15% | -2.26% | 5.86% | 33.62% | 101.01% | -2.93% | 1.09% | 31.07% | 79.5% | -11.99% | 7.89% | 31.07% | 117.6% | -1.63% | 8.62% | 54.22% | 87.91% | -9.04% |
| Operating CF Growth % | -100.86% | -17.47% | -14.3% | 15.94% | 482.4% | 29.42% | 23.95% | 75.59% | -85.83% | 0% | -13.8% | -840.85% | 12.34% | -20.13% | 110.08% | 71.63% | -22.28% | 137.39% | 309.33% | 85.18% |
| Net Income | 1.61B | 537.7M | -395.5M | 30.4M | 1.72B | 819.9M | -328.2M | 148.6M | 1.43B | 360M | -275.8M | 14.8M | 1.52B | 360M | -151.7M | 202.1M | 1.08B | 187.5M | -97.4M | -95.8M |
| Depreciation & Amortization | 399.9M | 417.1M | 359.5M | 326.4M | 344.2M | 343.3M | 295.1M | 291.9M | 314.2M | 313.2M | 237.3M | 263.4M | 283.9M | 313.2M | 257.4M | 212.7M | 226.7M | 226.4M | 189.6M | 193.6M |
| Stock-Based Compensation | 0 | 2.3M | 3M | 3M | 4.5M | 4.5M | 2.6M | 2.5M | 5.2M | 2.5M | -13.8M | 0 | 4.5M | 2.5M | 4.9M | 2.9M | 5.8M | 2.6M | 900K | 2.5M |
| Deferred Taxes | 6M | 55.2M | -97.2M | -6M | 242.5M | 110.3M | -98M | -4.9M | 234.9M | 40.8M | -57.4M | -12.1M | 202.6M | 40.8M | -41.4M | 10.8M | 143.8M | 15.5M | -99.7M | -37M |
| Other Non-Cash Items | 164.05M | -18.9M | -212.2M | 1.8M | -72.5M | 26.1M | 79.2M | -16.6M | -18.7M | -40.5M | -39.9M | 21.3M | 194.6M | -40.5M | 2M | 50.7M | 124.8M | -26.5M | -129.4M | 23.6M |
| Working Capital Changes | -2.18B | 210M | 2.33B | -428.4M | -1.92B | 154.1M | 2.37B | -508.1M | -1.91B | 450.7M | 2.02B | -642.1M | -1.81B | 450.7M | 2.1B | -516.9M | -1.23B | 1.01B | 1.17B | -219.8M |
| Change in Receivables | 27M | -51.6M | 64.4M | -30.9M | 19.2M | -23.4M | -18.3M | 38.4M | 5.5M | -24.1M | -2.1M | -8.2M | 20.3M | -24.1M | -20.9M | 46.5M | -15.9M | -18.6M | -22.9M | 19.1M |
| Change in Inventory | 0 | 200K | 500K | 0 | -300K | -400K | 200K | -100K | 1.1M | 400K | 0 | -500K | -500K | 400K | -1.5M | 0 | 0 | -200K | -300K | -400K |
| Change in Payables | 47.4M | 187.4M | 87.6M | -169.3M | 10.2M | 62.3M | 204.4M | -240.9M | 13.5M | 147.8M | 35.2M | -314.3M | 0 | 147.8M | 53.8M | -284.9M | 28.7M | 233.6M | 31.4M | 5.1M |
| Cash from Investing | -86.6M | 18M | -1.27B | -326.5M | 238.9M | -1.26B | -559.8M | 181.5M | -263.4M | -789.8M | -302.2M | -364.5M | 979.3M | -789.8M | 71.8M | 704.8M | -169.2M | -2.51B | -1.29B | -330.9M |
| Capital Expenditures | -366.1M | -474.7M | -455.2M | -323.9M | -490.5M | -622.8M | -459.7M | -203.1M | -388.2M | -501.5M | -458.3M | -348.6M | -521.5M | -501.5M | -644.2M | -370.9M | -483.4M | -416.2M | -398.2M | -472M |
| CapEx % of Revenue | 6.43% | 10.83% | 18.12% | 10.08% | 8.95% | 14.36% | 20.01% | 6.86% | 7.66% | 13.83% | 19.46% | 11.78% | 10.59% | 13.83% | 34.88% | 16.04% | 12.04% | 16% | 33.86% | 32.11% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -812.4M | -2.6M | 729.4M | 0 | -100.1M | 384.6M | 124.8M | -288.3M | 156.1M | -15.9M | 1.5B | 0 | 716M | 1.08B | 314.2M | -2.09B | -892.9M | 141.1M |
| Cash from Financing | 125.01M | -1.47B | -383.5M | -180.1M | -1.23B | -407M | -613.9M | -321.5M | -799.2M | -262.4M | -225.7M | -11M | -1.07B | -262.4M | -905.9M | -60.3M | -39.4M | -48.4M | -48.9M | -712.1M |
| Debt Issued (Net) | 400M | -1.32B | -7.5M | -9.3M | -858.4M | -348.9M | -8.8M | -54.6M | -9.4M | -13.6M | -29M | -21.5M | -1.07B | -13.6M | -905.9M | -72.9M | -54M | -52.9M | -58.1M | -745.3M |
| Equity Issued (Net) | -81.4M | -153.4M | -173.4M | -159.1M | -142.7M | -58.1M | -365.4M | -257.8M | -603.9M | -248.8M | 2.8M | 10.5M | 500K | -248.8M | 0 | 12.6M | 14.6M | 4.5M | 9.2M | 33.2M |
| Dividends Paid | -192M | 0 | -202.6M | -11.7M | -229M | 0 | -240.4M | -11.4M | -185.9M | 0 | -199.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -81.4M | -153.4M | -173.4M | -160.5M | -143.5M | -59.1M | -365.4M | -257.8M | -605.8M | -248.8M | 0 | 0 | 0 | -248.8M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -1.59M | 0 | 0 | 0 | 0 | 0 | 700K | 2.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | 34.3M | -249.6M | 341.7M | -571.8M | -649.8M | -250M | 1.11B | -175M | -1.03B | 79.7M | 1.36B | -741.9M | 305.7M | 79.7M | 1.32B | 555.3M | 170.4M | -1.12B | -288.6M | -1.16B |
| Free Cash Flow | -362.3M | 728.7M | 1.53B | -396.7M | -169.6M | 835.4M | 1.86B | -289.7M | -333.1M | 625.2M | 1.41B | -703.3M | -132.7M | 625.2M | 1.53B | -408.6M | -137.3M | 994.4M | 635.7M | -604.9M |
| FCF Margin % | -6.36% | 16.62% | 61.03% | -12.34% | -3.09% | 19.26% | 81% | -9.79% | -6.58% | 17.24% | 60.04% | -23.77% | -2.69% | 17.24% | 82.72% | -17.67% | -3.42% | 38.22% | 54.05% | -41.15% |
| FCF Growth % | -113.62% | -12.77% | -17.59% | -36.93% | 49.08% | 33.62% | 31.61% | 58.81% | -151.02% | 0% | -7.46% | -72.12% | 3.35% | -37.13% | 140.33% | 32.45% | -163.59% | 94.14% | 204.51% | 41.71% |
| FCF per Share | -0.69 | 1.39 | 2.89 | -0.75 | -0.32 | 1.56 | 3.36 | -0.53 | -0.60 | 1.12 | 2.48 | -1.23 | -0.23 | 1.09 | 3.57 | -0.72 | -0.24 | 1.75 | 1.49 | -1.07 |
| FCF Conversion (FCF/Net Income) | -0.00x | 2.24x | -5.03x | -2.39x | 0.19x | 1.78x | -7.07x | -0.58x | 0.04x | 3.13x | -6.25x | -2.39x | 0.26x | 3.13x | -14.32x | -0.19x | 0.32x | 7.52x | -10.61x | 1.39x |
| Interest Paid | 0 | 14.9M | 2.1M | 2.9M | 28.4M | 17.6M | 9.1M | 7.5M | 33.3M | 0 | 0 | 0 | 0 | 19.8M | 0 | 13.2M | 0 | 0 | 0 | 5M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |