SLM Corporation (SLM) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q2'21 |
|---|
| Cash from Operations | -75.96M | 913.07M | -52.77M | -138.73M | -146.05M | 4.54M | -113.42M | -145.01M | -78.08M | -27.14M | -59.35M | -67.03M | 8.89M | -875K | 3.37M | -60.29M | 62.79M | 45.6M | 84.81M | -225.69M |
| Operating CF Margin % | - | 124.42% | -6.36% | -20.3% | -16.94% | 0.66% | -16.75% | -18.51% | -9.32% | -3.74% | -8.77% | -8.62% | 1.35% | -0.16% | 0.55% | -8.36% | 12.89% | 7.43% | 18.38% | -46.34% |
| Operating CF Growth % | 47.99% | 20016.13% | 53.47% | 4.33% | -87.04% | 116.72% | -91.11% | -116.33% | -978.54% | -3001.83% | -1862.17% | -11.19% | -85.84% | -101.92% | -96.03% | 73.29% | 37.24% | 72.2% | 157.69% | -9.26% |
| Net Income | 304.4M | 233.19M | 135.85M | 71.27M | 304.54M | 111.55M | -45.15M | 251.99M | 289.93M | 168.44M | 29.36M | 265.06M | 118.52M | -77.04M | 75.17M | 342.07M | 128.81M | 306.26M | 72.84M | 140.2M |
| Depreciation & Amortization | 6.23M | -14.63M | 5.55M | 6.87M | 4.97M | 329K | 5.45M | 5.96M | 5.92M | 63.42M | 7.09M | 6.87M | 6.8M | 6.79M | 6.68M | 6.72M | 4.92M | 4.6M | 3.9M | 3.83M |
| Stock-Based Compensation | 14.8M | -31.54M | 8.94M | 9.34M | 13.27M | 8.26M | 8.37M | 9.58M | 13.79M | 8.08M | 8.47M | 8.29M | 11.54M | 7.31M | 6.86M | 8.38M | 11.92M | 6.39M | 6.69M | 6.44M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | -169.7M | -14.41M | 86.55M | 97.55M | -160.34M | 11.2M | 91.44M | 37.3M | -269.3M | 29.43M | 0 | 37.25M | -216.28M | 19.75M | 56.01M |
| Other Non-Cash Items | -401.39M | 425.32M | 97.63M | -650.6M | -44.44M | 89.23M | 274.59M | -88.79M | -124.01M | -11.19M | 207.26M | -94.41M | 122.06M | 362.03M | 142.28M | -84.27M | 107.64M | -143.4M | 153.85M | 49.63M |
| Working Capital Changes | 0 | 300.74M | -300.74M | 424.39M | -424.39M | -35.13M | -342.27M | -410.3M | -361.27M | -95.55M | -322.74M | -344.29M | -287.32M | -30.67M | -257.05M | -333.18M | -227.76M | 88.02M | -172.21M | -481.8M |
| Change in Receivables | 0 | 887.04M | -296.05M | -294.45M | -296.54M | -281.35M | 550.93M | -263.93M | -287M | -276.95M | -266.04M | -253.2M | -257.89M | -239.25M | -208.25M | -187.16M | -185.29M | -187.61M | -186.8M | -186.18M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 176.15M | -73.94M | 0 | 0 | 0 | 0 | 0 | 0 | 294.01M | 2.95M | -288.12M |
| Change in Payables | 0 | -27.7M | 26.98M | 27.7M | -26.98M | 9.54M | -549K | 10.17M | -15.74M | 5.65M | 17.4M | -9.93M | 20.36M | -321K | 27.84M | -17.31M | 14.78M | -17.82M | 12.45M | 789K |
| Cash from Investing | 1.59B | -210.59M | -251.34M | -34.99M | 496.93M | 268.67M | -1.81B | 1.65B | 572.33M | 922.78M | -1.7B | 2.23B | -1.47B | 63.19M | -343.8M | 2.35B | -988.87M | 1.42B | -1.61B | 396.83M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.73B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - | 256.46% | - | - | - | - | - | - | - | - | - |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 1.9B | 23.19B | 23.51B | 22.91B | 22.85B | 22.95B | 23.08B | 21.31B | 22.56B | 22.81B | 23.31B | 21.69B | 23.52B | 22.09B | 22.22B | 21.91B | 23.77B | 23B | 23.93B | 22.33B |
| Other Investing | -2.8B | 6.43B | -2.95B | -3.67B | 199.75M | 195.94M | -2.13B | 1.55B | 318.42M | 907.35M | 13.36M | 2.2B | -1.54B | -84.11M | -415.36M | 2.51B | -1.01B | 1.45B | -1.17B | 324.39M |
| Cash from Financing | -550.35M | 515.6M | -220.62M | 561.39M | -1.36B | -59.47M | 1.18B | 167.47M | -1.06B | -319.42M | 1.45B | -2.04B | 587.47M | -314.15M | 1.57B | -1.94B | -168.71M | 183.74M | -247.55M | -1.88B |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | -123.82M | -143.52M | -71.7M | -29.7M | -47.07M | -114.39M | -61.05M | -25.46M | -90.93M | 0 | -255.33M | -4M | -157.59M | -10.11M | -376.18M | -169.32M | -254M | -249.38M | -476.51M |
| Dividends Paid | -25.6M | -607.07M | -30.39M | -31.13M | -31.42M | -31.7M | -28.18M | -28.66M | -28.93M | -29.14M | -29.52M | -29.58M | -30.7M | -30.21M | -30.17M | -29.84M | -31.77M | -32.53M | -10.1M | -10.46M |
| Share Repurchases | -290.66M | -123.82M | -143.52M | -71.7M | -29.7M | -47.07M | -114.39M | -61.05M | -25.46M | -90.93M | 0 | -255.33M | -4M | -157.59M | -10.11M | -376.18M | -169.32M | -254M | -249.38M | -476.51M |
| Other Financing | -524.75M | 1.64B | -472.23M | 406.22M | -1B | -381.51M | 695.16M | -166.91M | -755.74M | 91.72M | 1.18B | -1.45B | 345.42M | 163.32M | 1.31B | -1.2B | 413.38M | -36.86M | -216.7M | -1.13B |
| Net Change in Cash | 962.85M | 1.22B | -525.01M | 387.67M | -1.01B | 213.74M | -744.15M | 1.67B | -569.34M | 576.22M | -303.06M | 128.2M | -874.69M | -251.84M | 1.23B | 346.2M | -1.09B | 1.65B | -1.77B | -1.71B |
| Free Cash Flow | -75.96M | 913.07M | -52.77M | -138.73M | -146.05M | 4.54M | -113.42M | -145.01M | -78.08M | -27.14M | -1.79B | -67.03M | 8.89M | -875K | 3.37M | -60.29M | 62.79M | 45.6M | 84.81M | -225.69M |
| FCF Margin % | - | 124.42% | -6.36% | -20.3% | -16.94% | 0.66% | -16.75% | -18.51% | -9.32% | -3.74% | -265.23% | -8.62% | 1.35% | -0.16% | 0.55% | -8.36% | 12.89% | 7.43% | 18.38% | -46.34% |
| FCF Growth % | 47.99% | 20016.13% | 53.47% | 4.33% | -87.04% | 116.72% | 93.68% | -116.33% | -978.54% | -3001.83% | -53373.99% | -11.19% | -85.84% | -101.92% | -96.03% | 73.29% | 37.24% | 72.2% | 157.69% | -9.26% |
| FCF per Share | -0.38 | 4.41 | -0.25 | -0.66 | -0.68 | 0.02 | -0.53 | -0.65 | -0.35 | -0.12 | -7.94 | -0.28 | 0.04 | -0.00 | 0.01 | -0.23 | 0.22 | 0.16 | 0.28 | -0.71 |
| FCF Conversion (FCF/Net Income) | -0.25x | 3.92x | -0.39x | -1.95x | -0.48x | 0.04x | 2.51x | -0.58x | -0.27x | -0.16x | -2.02x | -0.25x | 0.07x | 0.01x | 0.04x | -0.18x | 0.49x | 0.15x | 1.16x | -1.61x |
| Interest Paid | 0 | -857.97M | 310.94M | 246.43M | 300.61M | 284.71M | 289.23M | 251.1M | 284.04M | 271.63M | 242.36M | 250.39M | 198.87M | 197.35M | 110.94M | 106.22M | 68.46M | 98.48M | 68.27M | 116.45M |
| Taxes Paid | 0 | -147.04M | 9.06M | 126.61M | 11.37M | -235.68M | 70.97M | 157.43M | 7.28M | 20.67M | 88.72M | 77.61M | 4.7M | 52.97M | 99.64M | 115.26M | 5.07M | 23.59M | 5.6M | 231.4M |