The J. M. Smucker Company (SJM) quarterly cash flow statement — complete operating, investing & financing history
The J. M. Smucker Company (SJM) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | 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 | Q2'22 |
|---|
| Cash from Operations | 425.7M | 579.2M | 558.5M | 346.5M | -10.6M | 393.9M | 239.4M | 404.2M | 172.9M | 428.1M | 406.5M | 176.9M | 217.9M | 437.4M | 584.6M | 205M | -39M | 393.7M | 439.7M | 165.1M |
| Operating CF Margin % | 19.18% | 25.54% | 23.87% | 14.87% | -0.5% | 18.37% | 10.95% | 17.8% | 8.14% | 19.41% | 18.24% | 9.13% | 12.07% | 19.57% | 26.38% | 9.3% | -2.08% | 19.36% | 21.37% | 8.05% |
| Operating CF Growth % | 4116.04% | 47.04% | 133.29% | -14.28% | -106.13% | -7.99% | -41.11% | 128.49% | -20.65% | -2.13% | -30.47% | -13.71% | 658.72% | 11.1% | 32.95% | 24.17% | -128.3% | 35.29% | -9.58% | -56.4% |
| Net Income | 324.3M | 388.1M | -724.2M | 241.3M | -43.9M | -729M | -662.3M | -24.5M | 185M | 245.1M | 120.4M | 194.9M | 183.6M | -600.7M | 208.5M | 191.1M | 109.8M | 202.1M | 69.7M | 206M |
| Depreciation & Amortization | 127.5M | 285.1M | 93.8M | 42.9M | 135.2M | 123.4M | 122.1M | 128M | 129M | 125M | 123.2M | 92.6M | 90M | 97.7M | 115.4M | 112.7M | 110.7M | 114.1M | 115.2M | 115.9M |
| Stock-Based Compensation | 12.2M | 3.2M | 2.5M | 8.9M | 9M | 4.7M | 9.4M | 6.9M | 8.9M | 8M | 2.2M | 8.6M | 5.1M | 14.3M | 6M | -2.6M | 7.9M | 7.1M | 4.6M | 5.3M |
| Deferred Taxes | -400K | -91.5M | -75.8M | 40M | 24M | -44.8M | -87.1M | 21.3M | 2.6M | -18.4M | -5.8M | -7.4M | -8.9M | -190.8M | 0 | 0 | 0 | -38.1M | 142.1M | 2.5M |
| Other Non-Cash Items | 11.4M | -15.6M | 1.03B | 116M | 12.7M | 995.3M | 1.03B | 275.6M | 9.7M | 16.1M | 53.9M | 1.9M | 22.4M | 1.03B | 18.2M | 4.7M | -68.5M | -1.9M | 5.5M | 3.9M |
| Working Capital Changes | -49.3M | 9.9M | 228.8M | -102.6M | -147.6M | 44.3M | -172M | -3.1M | -162.3M | 52.3M | 112.6M | -113.7M | -74.3M | 85.4M | 236.5M | -100.9M | -198.9M | 110.4M | 102.6M | -168.5M |
| Change in Receivables | 40.1M | -10.6M | 30.3M | -32.3M | -24.3M | 36.7M | 149M | -70.1M | 1.6M | 52.3M | -19.5M | 2.6M | 6.1M | -64.1M | 76.4M | -6.9M | -80.2M | 38.2M | 94.9M | -92.7M |
| Change in Inventory | -61.1M | 44.7M | 184.2M | 31.7M | -177.3M | -121.4M | -4.8M | 44.6M | -99M | -52.4M | 131.8M | 4.9M | -81.4M | 20M | 119.2M | -50.8M | -223M | -47.7M | 9.8M | 5.5M |
| Change in Payables | 60.9M | 38.8M | 10.2M | -127.8M | -33.2M | 137.2M | -90.3M | -21.9M | -61.5M | 66.2M | -55M | -49.1M | -43.8M | 88.5M | -31.2M | 4.4M | 73.1M | 164.7M | -7M | -36.7M |
| Cash from Investing | -85.8M | -84.9M | 16.1M | 7.9M | -197.9M | -81.8M | 207.2M | -53.3M | -172.4M | -103.4M | -3.57B | -141.8M | -151.9M | 569.4M | -97.5M | -137.8M | -71.5M | -223.6M | 11.1M | -63M |
| Capital Expenditures | -88.4M | -95.3M | -71.5M | -66.3M | -84.3M | -95M | -88.1M | -87M | -123.7M | -130.6M | -156.9M | -148.7M | -150.3M | -138.7M | -141.9M | -102.1M | -88.3M | -173M | -117.3M | -59.2M |
| CapEx % of Revenue | 3.98% | 4.2% | 3.06% | 2.85% | 3.99% | 4.43% | 4.03% | 3.83% | 5.82% | 5.92% | 7.04% | 7.67% | 8.33% | 6.21% | 6.4% | 4.63% | 4.71% | 8.51% | 5.7% | 2.89% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 35.5M | 0 | 0 | 0 | 5.8M | -3.87B | 0 | 0 | 684.7M | 0 | 0 | 1.6M | -200K | 130.2M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 2.6M | 10.4M | 87.6M | 74.2M | -113.6M | -22.3M | 295.3M | 33.7M | -48.7M | 21.4M | -6.8M | 6.9M | -1.6M | 23.4M | 44.4M | -35.7M | 15.2M | -50.4M | -1.8M | -3.8M |
| Cash from Financing | -354M | -488.8M | -586M | -329.7M | 178M | -292.1M | -446.9M | -340.7M | -23M | -297.9M | -428.2M | 3.35B | -481.3M | -455.2M | -410.6M | -190.7M | 91.9M | -284.1M | -321.6M | -115.5M |
| Debt Issued (Net) | -230.8M | -370.5M | -468.4M | -213.2M | 300.6M | -177.6M | -331.6M | -217.8M | 96.2M | -217.1M | -227.8M | 3.48B | 0 | -700K | -303.4M | -88.8M | 207M | 85.9M | -226.3M | -8.8M |
| Equity Issued (Net) | -5.7M | -400K | -200K | -400K | -4.6M | -200K | -400K | -100K | -2.6M | -300K | -4.5M | -400K | -372M | -359.5M | -100K | -100K | -7.8M | -262.7M | -200K | -700K |
| Dividends Paid | -116.8M | -116.8M | -116.7M | -116.8M | -114.4M | -114.5M | -114.4M | -114.4M | -112.1M | -112M | -112.3M | -108M | -105.2M | -108.4M | -108.3M | -108.4M | -105.1M | -107M | -107M | -106.9M |
| Share Repurchases | -5.7M | -400K | -200K | -400K | -4.6M | -200K | -400K | -100K | -2.6M | -300K | -100K | -400K | -372M | -359.5M | -100K | -100K | -7.8M | -262.7M | -200K | -700K |
| Other Financing | -700K | -1.1M | -700K | 700K | -3.6M | 200K | -500K | -8.4M | -4.5M | 31.5M | -83.6M | -27.6M | -4.1M | 12.7M | 1.2M | 6.6M | -2.2M | -300K | 11.9M | 900K |
| Net Change in Cash | -15.4M | 5.8M | -10M | 23.5M | -30.6M | 22.7M | -2M | 9.7M | -22.5M | 26.1M | -3.59B | 3.38B | -414.7M | 551.6M | 77.1M | -124.5M | -18.3M | -114.4M | 129M | -13.5M |
| Free Cash Flow | 337.3M | 483.9M | 487M | 280.2M | -94.9M | 298.9M | 151.3M | 317.2M | 49.2M | 297.5M | 249.6M | 28.2M | 67.6M | 298.7M | 442.7M | 102.9M | -127.3M | 220.7M | 322.4M | 105.9M |
| FCF Margin % | 15.2% | 21.34% | 20.82% | 12.03% | -4.49% | 13.94% | 6.92% | 13.97% | 2.32% | 13.49% | 11.2% | 1.45% | 3.74% | 13.37% | 19.97% | 4.67% | -6.8% | 10.85% | 15.67% | 5.17% |
| FCF Growth % | 455.43% | 61.89% | 221.88% | -11.66% | -292.89% | 0.47% | -39.38% | 1024.82% | -27.22% | -0.4% | -43.62% | -72.59% | 153.1% | 35.34% | 37.31% | -2.83% | -282.38% | 20.6% | -22.61% | -67.55% |
| FCF per Share | 3.15 | 4.54 | 4.56 | 2.62 | -0.89 | 2.81 | 1.42 | 2.97 | 0.46 | 2.80 | 2.36 | 0.28 | 0.66 | 2.83 | 4.15 | 0.96 | -1.20 | 2.05 | 2.97 | 0.98 |
| FCF Conversion (FCF/Net Income) | 1.31x | 1.49x | -0.77x | 1.44x | 0.24x | -0.54x | -0.36x | -16.50x | 0.93x | 1.75x | 3.38x | 0.91x | 1.19x | -0.73x | 2.80x | 1.07x | -0.36x | 1.95x | 6.31x | 0.80x |
| 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 |