System1, Inc. (SST) quarterly cash flow statement — complete operating, investing & financing history
| Cash from Operations | -26.13M | -10.64M | -2.05M | 24.49M | -15.95M | 772K | -5K | 9.96M | -15.99M | -18.83M | -7.26M | 7.15M |
| Operating CF Margin % | -70.19% | -20.48% | -3.33% | 31.35% | -21.4% | 1.02% | -0.01% | 10.54% | -18.83% | -19.59% | -8.27% | 7.38% |
| Operating CF Growth % | -63.86% | -1477.98% | -40940% | 145.78% | 0.24% | 104.1% | 99.93% | 39.31% | -175.59% | -564.01% | -196.02% | -68.29% |
| Net Income | -47.07M | -17.79M | -22M | -17.46M | -19.86M | -18.02M | -30.64M | -26.37M | -13.79M | -34.96M | -163.14M | -34.3M |
| Depreciation & Amortization | 12.13M | 21.03M | 20.79M | 20.57M | 20.48M | 20.23M | 20.11M | 19.94M | 19.8M | 19.84M | 27.94M | 30.98M |
| Stock-Based Compensation | 0 | 2.09M | 5.36M | 0 | 3.46M | 6.75M | 19.55M | 3.44M | 3.97M | 9.18M | 12.26M | 4.29M |
| Deferred Taxes | -460K | -713K | -493K | -396K | -588K | -522K | -319K | -606K | -656K | -3.93M | -5.1M | 0 |
| Other Non-Cash Items | 28.79M | -3.5M | -351K | 2.76M | 1.46M | 483K | -8.37M | 1.63M | -18.95M | 9.8M | 114.74M | 13.93M |
| Working Capital Changes | -19.53M | -11.75M | -5.35M | 19.03M | -20.89M | -8.15M | -342K | 11.93M | -6.36M | -18.76M | 6.04M | -7.76M |
| Change in Receivables | 4.03M | -3.63M | 15.86M | -8.46M | 1.16M | -5.32M | 4.34M | -9.21M | 3.39M | 3.07M | 1.63M | 4.88M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -7.73M | -1.05M | -4.99M | 20.81M | -2.76M | 978K | 3.18M | -807K | -2.44M | -12.02M | -2.6M | 0 |
| Cash from Investing | -2.17M | -1.63M | -1.99M | -1.56M | -1.55M | -1.29M | -1.74M | -1.6M | -1.62M | 210.04M | -1.79M | -2.68M |
| Capital Expenditures | -2.17M | -1.56M | -1.99M | -1.56M | -46K | -1.29M | -31K | -1.6M | -1.62M | -338K | -434K | -867K |
| CapEx % of Revenue | 5.84% | 3% | 3.23% | 2% | 0.06% | 1.71% | 0.03% | 1.69% | 1.91% | 0.35% | 0.49% | 0.89% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 211.14M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -68K | 0 | 0 | -1.5M | 0 | -1.71M | 0 | 0 | -763K | -1.36M | -1.81M |
| Cash from Financing | -7.74M | 44.41M | -5.01M | -2.79M | -5.3M | -5.01M | -5.02M | -5.77M | -48.16M | -73.02M | 8.31M | -236K |
| Debt Issued (Net) | -7.5M | 45M | -5M | -5M | -5M | -5M | -5M | -5.71M | -46.07M | -72.98M | 9M | -39M |
| Equity Issued (Net) | -202K | -557K | 0 | 2.25M | -292K | -11K | 0 | -24K | 0 | 0 | 0 | -215K |
| Dividends Paid | 0 | 1K | 0 | -21K | -12K | -54K | 0 | -27K | 0 | 0 | 0 | -21K |
| Share Repurchases | -202K | -557K | 0 | 0 | -292K | -11K | 0 | -24K | 0 | 0 | 0 | -215K |
| Other Financing | -41K | -32K | -13K | -19K | 0 | 54K | -21K | -5K | -2.09M | -41K | -686K | 39M |
| Net Change in Cash | -36.12M | 32.3M | -9.06M | 19.73M | -22.79M | -5.64M | -6.68M | 2.59M | -65.77M | 118.43M | -1.17M | 4.48M |
| Free Cash Flow | -26.13M | -13.7M | -4.04M | 24.49M | -17.5M | -521K | -1.75M | 8.37M | -17.61M | -19.93M | -9.05M | 6.29M |
| FCF Margin % | -70.19% | -26.37% | -6.56% | 31.35% | -23.48% | -0.69% | -1.97% | 8.85% | -20.74% | -20.74% | -10.31% | 6.49% |
| FCF Growth % | -49.36% | -2529.37% | -131.05% | 192.65% | 0.64% | 97.39% | 80.68% | 33.14% | -114.93% | -634.02% | -236.08% | -71% |
| FCF per Share | -3.23 | -1.69 | -0.50 | 3.13 | -0.24 | -0.01 | -0.02 | 0.12 | -0.26 | -0.22 | -0.10 | 0.07 |
| FCF Conversion (FCF/Net Income) | 0.56x | 0.79x | 0.11x | -1.40x | 1.00x | -0.05x | 0.00x | -0.38x | 1.52x | 0.71x | 0.06x | -0.21x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | -8.23M | 0 | 0 | 8.23M | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | -634K | 0 | 0 | 634K | 0 | 0 | 0 |