Surgery Partners, Inc. (SGRY) quarterly cash flow statement — complete operating, investing & financing history
Surgery Partners, Inc. (SGRY) 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 | 59.3M | 11.7M | 103.4M | 83.6M | 81.3M | 6M | 111.4M | 65.2M | 82.8M | 40.7M | 62.6M | 104.6M | 52.1M | 74.5M | 7.2M | 29.7M | 42.1M | 79.8M | 19.7M | 14.9M |
| Operating CF Margin % | 6.99% | 1.44% | 11.68% | 10.18% | 9.84% | 0.77% | 12.89% | 8.46% | 10.86% | 5.67% | 8.51% | 15.52% | 7.8% | 11.18% | 1.02% | 4.79% | 6.84% | 13.38% | 3.23% | 2.66% |
| Operating CF Growth % | -27.06% | 95% | -7.18% | 28.22% | -1.81% | -85.26% | 77.96% | -37.67% | 58.93% | -45.37% | 769.44% | 252.19% | 23.75% | -6.64% | -63.45% | 99.33% | 1730.43% | 58.96% | 121.35% | -44.61% |
| Net Income | 35.9M | -2.1M | 29M | 25.3M | 44.9M | -300K | -46.6M | 6.4M | -15.5M | 24.3M | -1M | -4.9M | 57.7M | 1.2M | 23.3M | 5.6M | 15.3M | 42.8M | 42.9M | 8.2M |
| Depreciation & Amortization | -38.5M | 38.5M | 59.9M | 39.5M | 40.3M | 36.3M | 33.9M | 50.2M | 34.8M | 33.7M | 31.1M | 28.9M | 24.4M | 33.7M | 29.6M | 29.8M | 28M | 27.4M | 22.7M | 25.2M |
| Stock-Based Compensation | -5.8M | 5.8M | -2.2M | 2.6M | 6.8M | 7.6M | 6.2M | 7.1M | 0 | 4.9M | 4.5M | 0 | 4.6M | 4.2M | 5.4M | 5M | 4.3M | 3.7M | 4M | 4.1M |
| Deferred Taxes | 0 | -1.3M | 13.4M | 5.1M | -1.5M | -300K | 121.2M | 2.7M | 5.1M | 2.5M | 9.1M | 700K | -9.7M | -1.8M | 9.5M | 7.5M | 3.9M | 1M | 11.2M | 900K |
| Other Non-Cash Items | 18.1M | 20.4M | 21.7M | 29.5M | 7.5M | 19.6M | 28.2M | 27M | 79.9M | 13M | 84.6M | 58.1M | 4.9M | 25.8M | 28.9M | 4.9M | 16.4M | 13.7M | -6.1M | 18.6M |
| Working Capital Changes | 49.6M | -49.6M | -18.4M | -18.4M | -16.7M | -56.9M | -31.5M | -28.2M | -21.5M | -37.7M | -65.7M | 21.8M | -29.8M | 11.4M | -89.5M | -23.1M | -25.8M | -8.8M | -55M | -42.1M |
| Change in Receivables | -3.6M | 3.6M | -46.1M | -16.2M | 3.7M | 4.8M | -40.9M | -19.1M | -17.5M | 5.4M | -29M | -13.1M | -13.9M | 8.8M | -38.7M | -2M | 3.4M | 2M | -13.7M | -15.3M |
| 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 | -19.8M | -13.4M | -126.1M | -46.2M | 2.1M | -76.4M | -111.7M | -49.6M | -244.1M | -83.1M | -58.1M | -25.6M | -71.2M | -70.7M | -72.2M | -54.3M | -134.3M | -47.1M | -190M | -101M |
| Capital Expenditures | -21.8M | -16M | -12.8M | -19.8M | -23.4M | -22.7M | -22.3M | -20.2M | -26.9M | -21M | -19.8M | -18.9M | -25.8M | -24.3M | -22.7M | -17.3M | -22.4M | -18.2M | -14.1M | -15.5M |
| CapEx % of Revenue | 2.57% | 1.97% | 1.45% | 2.41% | 2.83% | 2.93% | 2.58% | 2.62% | 3.53% | 2.93% | 2.69% | 2.8% | 3.86% | 3.65% | 3.21% | 2.79% | 3.64% | 3.05% | 2.31% | 2.77% |
| Acquisitions | 100K | -4.2M | -109.5M | -800K | -4M | -44M | -87M | -24.9M | -210M | -56.6M | -31.2M | -5.6M | -41.6M | -50.3M | -62.5M | -37M | -109.6M | -19.6M | -179.4M | -85.8M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 1.9M | 6.8M | -3.9M | -25.6M | 29.5M | -5.9M | -2.4M | -4.5M | -11.5M | -5.5M | -7.4M | -300K | -3.8M | 3.9M | 41M | 0 | 52M | -9.3M | 3.5M | 300K |
| Cash from Financing | -5.1M | -55.9M | 59.2M | -84.1M | -62.6M | 30.2M | 48M | -7.3M | 189.6M | 31.7M | -44.6M | -20.4M | -49M | -41.2M | 193.1M | -48M | -59.3M | -43.7M | 229.8M | -48.3M |
| Debt Issued (Net) | 38.2M | 1.2M | 110.6M | -33.1M | -11.5M | 94.3M | 95.4M | 33.4M | 234.4M | 72.3M | 7.2M | 17.2M | -5M | 0 | -613.9M | -9.4M | -15.8M | -5.1M | -8.4M | -6.7M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 882.9M | 0 | 0 | 0 | 320.9M | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -43.3M | -57.1M | -51.4M | -51M | -51.1M | -64.1M | -47.4M | -40.7M | -44.8M | -40.6M | -51.8M | -37.6M | -44M | -41.2M | -75.9M | -38.6M | -43.5M | -38.6M | -82.7M | -41.6M |
| Net Change in Cash | 34.4M | -57.6M | 36.5M | -46.7M | 20.8M | -40.2M | 47.7M | 8.3M | 28.3M | -10.7M | -40.1M | 58.6M | -68.1M | -37.4M | 128.1M | -72.6M | -151.5M | -11M | 59.5M | -134.4M |
| Free Cash Flow | 37.5M | -4.3M | 90.6M | 63.8M | 57.9M | -16.7M | 89.1M | 45M | 55.9M | 19.7M | 42.8M | 85.7M | 26.3M | 50.2M | -15.5M | 12.4M | 19.7M | 61.6M | 5.6M | -600K |
| FCF Margin % | 4.42% | -0.53% | 10.24% | 7.77% | 7.01% | -2.15% | 10.31% | 5.84% | 7.33% | 2.75% | 5.82% | 12.71% | 3.94% | 7.54% | -2.19% | 2% | 3.2% | 10.33% | 0.92% | -0.11% |
| FCF Growth % | -35.23% | 74.25% | 1.68% | 41.78% | 3.58% | -184.77% | 108.18% | -47.49% | 112.55% | -60.76% | 376.13% | 591.13% | 33.5% | -18.51% | -376.79% | 2166.67% | 275.89% | 72.55% | 190.32% | -103.16% |
| FCF per Share | 0.29 | -0.03 | 0.71 | 0.50 | 0.46 | -0.13 | 0.71 | 0.36 | 0.44 | 0.16 | 0.34 | 0.68 | 0.21 | 0.40 | -0.15 | 0.14 | 0.22 | 0.68 | 0.07 | -0.01 |
| FCF Conversion (FCF/Net Income) | -3.95x | -0.33x | -6.89x | -3.68x | -32.52x | -0.16x | -1.03x | -2.06x | -5.34x | -3.28x | -62.60x | -21.35x | 2.76x | -2.99x | -0.31x | -1.19x | -2.29x | 6.54x | -197.00x | -0.65x |
| 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 | 0 | 0 | 0 | 0 | 0 |