The Scotts Miracle-Gro Company (SMG) quarterly cash flow statement — complete operating, investing & financing history
| 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 | 220M | -370.4M | 174.1M | 454.4M | 188.1M | -445.3M | 118.5M | 588M | 304.2M | -343.2M | 535.3M | 562.6M | -135.3M | -431.6M | 550.6M | 463M | -377.5M | -765.1M | 478.6M | 492.8M |
| Operating CF Margin % | 15.07% | -104.51% | 44.94% | 38.25% | 13.24% | -106.84% | 28.57% | 48.91% | 19.94% | -83.63% | 142.94% | 50.29% | -8.83% | -81.96% | 111.53% | 39.04% | -22.49% | -135.18% | 64.87% | 30.61% |
| Operating CF Growth % | 16.96% | 16.82% | 46.92% | -22.72% | -38.17% | -29.75% | -77.86% | 4.51% | 324.83% | 20.48% | -2.78% | 21.51% | 64.16% | 43.59% | 15.04% | -6.05% | -35.21% | -81.86% | -7.16% | -24.14% |
| Net Income | 263.3M | -47.8M | -151.9M | 149.1M | 217.5M | -69.5M | -244M | 132.1M | 157.5M | -80.5M | -468.4M | 43.6M | 109.4M | -64.7M | -220M | -443.9M | 276.4M | -50M | -47.9M | 229.8M |
| Depreciation & Amortization | 33M | 34.8M | 18.5M | 18.6M | 19M | 18.9M | 20M | 20.4M | 20.1M | 20.1M | 22.1M | 22.7M | 22.5M | 25.2M | 26.4M | 27.1M | 26.8M | 24.9M | 23.8M | 23.5M |
| Stock-Based Compensation | 0 | 7.4M | 13.4M | 17.5M | 22.6M | 15.5M | 14.7M | 21.1M | 28.6M | 16M | 16.2M | -5.6M | 37.4M | 20.9M | 5.7M | 5.5M | 15.9M | 7.3M | 6.6M | 0 |
| Deferred Taxes | -6.9M | -22.9M | -5.7M | 36.7M | 61.6M | -21.8M | -52.7M | 43.2M | 25.9M | -7.1M | -52.8M | -23.4M | -5.6M | 23.1M | -20.1M | -132.8M | 6.5M | 4.7M | 24.3M | 0 |
| Other Non-Cash Items | 11.6M | 24.9M | 37.3M | -26.2M | 8.9M | 21.6M | 140M | -22.8M | 12.9M | 23M | 342.2M | -16.6M | 48M | 15.3M | 39.8M | 597.1M | -6.5M | 9.3M | 8.6M | -11.9M |
| Working Capital Changes | -81M | -366.8M | 262.5M | 258.7M | -141.5M | -410M | 240.5M | 394M | 59.2M | -314.7M | 674.1M | 541.9M | -347M | -451.4M | 718.8M | 410.1M | -696.6M | -761.3M | 463.2M | 251.4M |
| Change in Receivables | -573.6M | -30.3M | 378.6M | 229.1M | -585.6M | -38.7M | 329M | 371.7M | -590.7M | 18.2M | 853.6M | 299.7M | -967.2M | -108.4M | 570.5M | 477.9M | -1.02B | 71.6M | 573.6M | 350M |
| Change in Inventory | 150.4M | -300.9M | -60.4M | 231.9M | 137.3M | -326.7M | 20.4M | 216.8M | 342.9M | -286.3M | 1.9M | 243.3M | 382.5M | -177.2M | 52.8M | 179.8M | 66.7M | -503.1M | -159.3M | 56.6M |
| Change in Payables | 98.2M | 63.1M | -15M | -139.1M | 84.1M | 69.7M | -74.7M | -117.7M | 107.2M | 83.6M | -117.9M | -42.9M | 51.9M | -44.7M | 117.1M | -214.6M | 71.5M | -145.2M | 114.6M | -88.1M |
| Cash from Investing | -23.6M | -21.8M | -52.1M | -25.3M | -11.4M | -23.3M | -20.4M | -8.9M | -17.9M | -53.2M | -21.1M | -24M | 15.4M | -36M | 51.3M | -78.7M | -10.6M | -245.2M | -326.7M | -40M |
| Capital Expenditures | -18.6M | -20M | -42.9M | -16.9M | -8.3M | -29.3M | -16.6M | -13.2M | -16.3M | -37.9M | -19M | -22M | -22.2M | -29.6M | -14.5M | -33M | -19.9M | -46.1M | -29M | -24.2M |
| CapEx % of Revenue | 1.27% | 5.64% | 11.07% | 1.42% | 0.58% | 7.03% | 4% | 1.1% | 1.07% | 9.23% | 5.07% | 1.97% | 1.45% | 5.62% | 2.94% | 2.78% | 1.19% | 8.14% | 3.93% | 1.5% |
| Acquisitions | 0 | 0 | -2.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 600K | 0 | 700K | 0 | -237.3M | -34.5M | -300K | -202.5M | -106M | -13.1M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -5M | -1.8M | -6.7M | -8.4M | -3.1M | 6M | -3.8M | 4.3M | -1.6M | 6.1M | -2.7M | -2M | 36.9M | -6.4M | 328.1M | -11.2M | 9.6M | 3.4M | 103.7M | -1.1M |
| Cash from Financing | -198.6M | 366.8M | -135.8M | -396.1M | -169.8M | 407.7M | -306.8M | -363.9M | -231.4M | 374.2M | -509.1M | -536.3M | 119.1M | 406.2M | -542.6M | -373.4M | 388.7M | 782.6M | 34.4M | -409.6M |
| Debt Issued (Net) | -181.6M | 413.9M | -82.8M | -360.5M | -143.6M | 464.8M | -263.1M | -332.9M | -205.2M | 410.2M | -472.6M | -496.8M | 166.4M | 443M | -506.6M | -336.5M | 565.2M | 948.3M | 114.7M | 147.6M |
| Equity Issued (Net) | -700K | -7.6M | 700K | -100K | -2.7M | -15.6M | 1.3M | -100K | -1.8M | -3.1M | 600K | -2.9M | -5.6M | -800K | -200K | -1.3M | -126.9M | -129.5M | -38.3M | -22M |
| Dividends Paid | -39.5M | -38.3M | -38.1M | -38.2M | -38.8M | -39.2M | -37.6M | -37.5M | -38.8M | -37.4M | -37.1M | -37.1M | -38.3M | -36.6M | -36.6M | -36.4M | -56.1M | -37.1M | -36.9M | -35.2M |
| Share Repurchases | -3.3M | -8.3M | 0 | -100K | -2.7M | -15.6M | -100K | -100K | -1.8M | -3.1M | 0 | -2.9M | -5.6M | -800K | -200K | -1.3M | -126.9M | -129.5M | -38.3M | -28.8M |
| Other Financing | 23.2M | -1.2M | -15.6M | 2.7M | 15.3M | -2.3M | -7.4M | 6.6M | 14.4M | 4.5M | 0 | 500K | -3.4M | 600K | 800K | 800K | 6.5M | 900K | -5.1M | -500M |
| Net Change in Cash | -2.1M | -28.3M | -14.5M | 34.2M | 7.1M | -61.8M | -208.3M | 214.8M | 54.7M | -21.5M | 4.5M | 2.4M | -600K | -61.2M | 59M | 10.7M | 700K | -227.7M | 185.8M | 43.9M |
| Free Cash Flow | 201.4M | -390.4M | 131.2M | 437.5M | 179.8M | -474.6M | 101.9M | 574.8M | 287.9M | -381.1M | 516.3M | 540.6M | -157.5M | -461.2M | 536.1M | 430M | -397.4M | -811.2M | 449.6M | 468.6M |
| FCF Margin % | 13.8% | -110.16% | 33.87% | 36.83% | 12.65% | -113.87% | 24.57% | 47.81% | 18.87% | -92.86% | 137.86% | 48.32% | -10.28% | -87.58% | 108.59% | 36.25% | -23.68% | -143.32% | 60.94% | 29.11% |
| FCF Growth % | 12.01% | 17.74% | 28.75% | -23.89% | -37.55% | -24.53% | -80.26% | 6.33% | 282.79% | 17.37% | -3.69% | 25.72% | 60.37% | 43.15% | 19.24% | -8.24% | -33.22% | -78.17% | -9.08% | -26.47% |
| FCF per Share | 3.41 | -6.74 | 2.27 | 7.47 | 3.08 | -8.28 | 1.79 | 9.91 | 5.02 | -6.72 | 9.19 | 9.55 | -2.79 | -8.31 | 9.66 | 7.76 | -7.10 | -14.64 | 7.90 | 8.16 |
| FCF Conversion (FCF/Net Income) | 0.92x | 2.96x | -1.15x | 3.05x | 0.86x | 6.41x | -0.49x | 4.45x | 1.93x | 4.26x | -1.14x | 12.87x | -1.24x | 6.67x | -2.50x | -1.04x | -1.37x | 15.30x | -9.99x | 2.18x |
| Interest Paid | 0 | 0 | -70M | 42.2M | 27.8M | 0 | 26.1M | 48M | 34M | 0 | 0 | 55.9M | 0 | 48.8M | 24.7M | 0 | 0 | 32.1M | 0 | 0 |
| Taxes Paid | 0 | 0 | 600K | 0 | 0 | 0 | 5.7M | 0 | 0 | 0 | 0 | 0 | 0 | 23.9M | 300K | 0 | 0 | 600K | 0 | 0 |