TORM plc (TRMD) quarterly cash flow statement — complete operating, investing & financing history
TORM plc (TRMD) cash flow statement — 26-year operating, investing & financing cash flows
| Metric | 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 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 265.16M | 312.87M | 133.82M | 132.56M | 114.32M | 161.3M | 83.1M | 120.7M | 246.19M | 281.8M | 186.6M | 194.9M | 202.41M | 195.9M | 214.7M | 247.61M | 165.3M | 67.9M | 17.9M | 12.75M |
| Operating CF Margin % | 54.05% | 48.19% | 33.81% | 37.34% | 33.32% | 51.17% | 25.25% | 39.52% | 66.16% | 64.38% | 42.02% | 50.26% | 56.52% | 50.98% | 55.02% | 55.35% | 36.89% | 20.06% | 8.55% | 6.74% |
| Operating CF Growth % | 131.95% | 93.97% | 61.03% | 9.82% | -53.56% | -42.76% | -55.47% | -38.07% | 21.63% | 43.85% | -13.09% | -21.29% | 22.45% | 188.49% | 1099.44% | 1842.38% | 1277.5% | 409.3% | 87.19% | -36.58% |
| Net Income | 195.6M | 331.38M | 120.52M | 87.39M | 77.72M | 58.6M | 62.9M | 77.4M | 132.26M | 194.5M | 209.2M | 184.6M | 120.42M | 185.81M | 153.6M | 228.47M | 217.1M | 104.69M | 10.4M | -8.19M |
| Depreciation & Amortization | 0 | 59.26M | 58.78M | 56.38M | 53.18M | 52.1M | 53.3M | 52.7M | 49.4M | 46.8M | 43.1M | 39M | 37.01M | 37M | 35M | 35.52M | 33.8M | 33.88M | 35.2M | 34.75M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23M | 0 | 0 | 0 | 2.9M | 0 | 0 | 0 | 2.3M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 5.4M | -2.6M | 0 | 0 | 1.6M | 0 | 0 | 0 | 1.5M | -6.81M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 55.34M | 4.33M | 1.08M | 2.46M | 10.36M | 10.8M | -4.9M | -9.1M | -3.93M | -200K | -5.8M | -51.1M | 15.07M | -33.73M | 16.3M | -7.56M | -13.4M | -353.62K | 2.7M | 22.48M |
| Working Capital Changes | 14.23M | -82.11M | -46.57M | -13.67M | -26.94M | 39.8M | -33.6M | 2.3M | 68.46M | 40.7M | -61.5M | -600K | 29.91M | 6.82M | 8.3M | -4.92M | -72.2M | -70.32M | -30.4M | -38.59M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45.2M | 0 | 0 | 0 | -158.1M | 0 | 0 | 0 | -37.5M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 39.8M | 0 | 0 | 0 | 40.7M | 0 | -44M | 0 | 0 | 0 | 154.19M | -72.2M | 0 | -30.4M | 2.41M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.2M | 0 | 0 | 0 | 0 |
| Cash from Investing | -11.2M | -73.09M | -152.62M | -206.18M | -4.65M | 5.1M | 43.4M | -128.44M | -155.19M | 10.9M | -160.9M | -20.1M | -7.17M | -104.63M | -241.6M | -1.83M | 27.3M | 27.83M | -39.7M | -68.69M |
| Capital Expenditures | -57.01M | -73.21M | -181.47M | -220M | -35.56M | -27.9M | -27.8M | -147.62M | -180M | -20.8M | -241.5M | -152.2M | -25.33M | -120.87M | -215.1M | -13.26M | -47.1M | -12.94M | -46.9M | -47.49M |
| CapEx % of Revenue | 11.62% | 11.28% | 45.85% | 61.97% | 10.36% | 8.85% | 8.45% | 48.34% | 48.37% | 4.75% | 54.38% | 39.25% | 7.07% | 31.45% | 55.13% | 2.96% | 10.51% | 3.82% | 22.4% | 25.11% |
| Acquisitions | 45.81M | 124.62K | 28.85M | 13.82M | 30.91M | 0 | 0 | 19.18M | 24.81M | 0 | 0 | 0 | 18.16M | 16.24M | 0 | 70K | 1M | 40.77M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 33M | 71.2M | 0 | 0 | 31.7M | 80.6M | 132.1M | 0 | 0 | -26.5M | 11.37M | 73.4M | 0 | 7.2M | -21.21M |
| Cash from Financing | -172.46M | -71.72M | 51.2M | 17.43M | -266.66M | -157.7M | -47.3M | -99.7M | -229.19M | -309.6M | 252.8M | -149.6M | -193.94M | -234.87M | 87.3M | -149.38M | -101.9M | -37.19M | -48.1M | 96.58M |
| Debt Issued (Net) | 62.76M | -6.48M | 105.46M | 106.99M | -229.89M | -57.7M | -46M | 15.7M | -54.88M | -47.5M | 248.3M | -26.4M | -67.09M | 106.33M | 81.7M | -31.3M | -55.9M | -41.12M | -49.4M | 95.7M |
| Equity Issued (Net) | 7.72M | 5.05M | 16.05M | 2.13M | -3.48K | 0 | 102.7K | 341.83K | 1.67M | 0 | 0 | 0 | -165.59K | 618.67K | 0 | 0 | 0 | 3.92M | 0 | 0 |
| Dividends Paid | -242.94M | -70.29M | -70.31M | -62.07M | -36.89M | -97.7M | 0 | -115.6M | -175.98M | -267.7M | 0 | -123.2M | -126.78M | -341.72M | 0 | -119.28M | -47.3M | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.33M | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | -29.62M | 128.58K | -2.3M | -1.4M | -141.83K | 0 | 5.6M | 4.5M | 0 | 98.25K | -101.52K | 5.6M | 1.28M | 1.3M | 0 | 1.3M | 878K |
| Net Change in Cash | 79.64M | 170.46M | 33.27M | -55.7M | -151.41M | 8.7M | 79.2M | -107.1M | -133.84M | -16.9M | 278.5M | 25.2M | 1.37M | -140.66M | 60.4M | 81.96M | 90.7M | 63.53M | -69.94M | 40.64M |
| Free Cash Flow | 208.66M | 240.05M | -46.57M | -86.44M | 79.15M | 133.4M | 55.1M | -25.7M | 66.19M | 261M | -55.1M | 42.7M | 177.08M | 75.23M | -400K | 234.35M | 118.2M | 54.97M | -29M | -34.74M |
| FCF Margin % | 42.53% | 36.97% | -11.77% | -24.35% | 23.07% | 42.32% | 16.74% | -8.42% | 17.79% | 59.63% | -12.41% | 11.01% | 49.45% | 19.58% | -0.1% | 52.39% | 26.38% | 16.24% | -13.85% | -18.37% |
| FCF Growth % | 163.61% | 79.95% | -184.53% | -236.33% | 19.59% | -48.89% | 200% | -160.19% | -62.62% | 246.95% | -13675% | -81.78% | 49.82% | 36.86% | 98.62% | 774.61% | 337.35% | 135.5% | 4.74% | -96.83% |
| FCF per Share | 2.00 | 2.30 | -0.45 | -0.87 | 0.79 | 1.32 | 0.55 | -0.26 | 0.68 | 2.71 | -0.60 | 0.49 | 2.02 | 0.87 | -0.00 | 2.79 | 1.43 | 0.68 | -0.36 | -0.43 |
| FCF Conversion (FCF/Net Income) | 1.36x | 0.94x | 1.11x | 1.52x | 1.47x | 2.75x | 1.32x | 1.55x | 1.89x | 1.45x | 0.89x | 1.06x | 1.63x | 1.06x | 1.40x | 1.08x | 0.76x | 0.64x | 1.72x | -1.56x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 11.9M | 0 | 0 | 0 | 13.4M | 0 | 16M | 0 | 0 | 0 | 0 | 12.1M | 0 | 14.2M | 8.95M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |