The Toro Company (TTC) 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 | 267.4M | 26.1M | 313.1M | 225.8M | 171.7M | -48.6M | 240.1M | 194.7M | 227.3M | -92.2M | 152.13M | 93M | 130.6M | -68.9M | 142.61M | 111.7M | 132.91M | -90.04M | 78.33M | 158.52M |
| Operating CF Margin % | 18.77% | 2.52% | 29.37% | 19.96% | 13.03% | -4.88% | 22.31% | 16.83% | 16.85% | -9.2% | 15.47% | 8.6% | 9.75% | -6% | 12.17% | 9.62% | 10.64% | -9.65% | 8.15% | 16.23% |
| Operating CF Growth % | 55.74% | 153.7% | 30.4% | 15.97% | -24.46% | 47.29% | 57.82% | 109.35% | 74.04% | -33.82% | 6.68% | -16.74% | -1.74% | 23.48% | 82.05% | -29.53% | -40.56% | -194.76% | -66.45% | -32.54% |
| Net Income | 145.4M | 67.9M | 73M | 53.5M | 136.8M | 52.8M | 89.9M | 119.3M | 144.8M | 64.9M | 70.34M | -14.9M | 167.4M | 106.9M | 117.56M | 125.15M | 131.13M | 69.51M | 60.11M | 96.32M |
| Depreciation & Amortization | 36.8M | 33.2M | 47.1M | 32.2M | 31.5M | 32.1M | 36.4M | 30.9M | 30.2M | 30.7M | 35.82M | 27.2M | 27.9M | 28.3M | 29.78M | 26.08M | 28.01M | 24.94M | 26.52M | 23.61M |
| Stock-Based Compensation | 6.6M | 5.9M | 3.7M | 5.5M | 5.4M | 4.4M | 3.5M | 4.2M | 6.9M | 8.4M | 5.02M | 3.7M | 5.5M | 5.2M | 5.01M | 5.97M | 5.91M | 5.22M | 5.63M | 5.83M |
| Deferred Taxes | -4.5M | -8.8M | -58.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12.26M | 0 | 0 | 0 | -23.6M | 562K |
| Other Non-Cash Items | 183.1M | -5.8M | 3.5M | 92.6M | -3.1M | 2M | -33.7M | 4.8M | -3.8M | 3.3M | -50.9M | 155.8M | -6.6M | -6.4M | -12M | 2.51M | -6.03M | -3.3M | -915K | 6.17M |
| Working Capital Changes | -100M | -66.3M | 244.5M | 42M | 1.1M | -139.9M | 144M | 35.5M | 49.2M | -199.5M | 91.86M | -78.8M | -63.6M | -202.9M | 14.52M | -48.01M | -26.1M | -186.42M | 10.58M | 26.02M |
| Change in Receivables | -89.5M | -100M | 95.1M | 129.7M | -105M | -36.6M | 70.4M | 91.1M | -134.4M | -80.2M | -18.84M | 74.4M | -84.7M | -42.5M | 18.82M | 88.3M | -75.81M | -50.6M | -10.04M | 87.81M |
| Change in Inventory | 59M | -21.3M | 115.7M | 72.3M | 28.5M | -107.2M | 29.4M | 13.7M | 70.8M | -86.4M | 19.88M | 28.9M | 1.3M | -76.8M | -112.89M | -50.27M | -63.56M | -59.17M | -78.19M | -38.73M |
| Change in Payables | 117.7M | 48.6M | -16.7M | -129.4M | 60.8M | -1.3M | 19.2M | -75.9M | 91.3M | -10.3M | 24.84M | -110.1M | 39M | -103.6M | 106.41M | -80.29M | 127.89M | -72.46M | 94.84M | -21.69M |
| Cash from Investing | -17.9M | -210.4M | -26.7M | -8.3M | -23.3M | -19.1M | -16.3M | -5.9M | -18.4M | -19.1M | -38.54M | -56.5M | -40.8M | -21.9M | -67.67M | -41.66M | -25.55M | -413.37M | -57.76M | -21.17M |
| Capital Expenditures | -16.5M | -11.5M | -26.7M | -18.6M | -19.3M | -19.1M | -39.9M | -24.1M | -20.4M | -19.1M | -43.8M | -35.6M | -40.8M | -29.3M | -67.71M | -39.8M | -24.07M | -11.9M | -56.05M | -21.76M |
| CapEx % of Revenue | 1.16% | 1.11% | 2.5% | 1.64% | 1.46% | 1.92% | 3.71% | 2.08% | 1.51% | 1.91% | 4.45% | 3.29% | 3.05% | 2.55% | 5.78% | 3.43% | 1.93% | 1.28% | 5.83% | 2.23% |
| Acquisitions | 0 | 0 | -4.2M | 13.9M | 0 | 0 | 23.5M | 14.6M | 0 | 0 | 5.27M | -21M | 0 | 0 | 0 | 5.34M | -1.63M | -401.49M | -2.16M | 300K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1.6M | -198.9M | 4.2M | -3.6M | -4M | 0 | 100K | 3.6M | 2M | 0 | -13K | 100K | 0 | 7.4M | 40K | -7.19M | 137K | 26K | 447K | 297K |
| Cash from Financing | -123.9M | 25.1M | -148M | -193.2M | -149.5M | 44.6M | -244.6M | -157.1M | -217.5M | 114.1M | -65.08M | -50.2M | -106.6M | 74.4M | -120.49M | -99.72M | -30.86M | 293.3M | -152.48M | -97.11M |
| Debt Issued (Net) | 105M | 150M | -110M | -65M | -10M | 185M | -70M | -25M | -170M | 155M | -30M | 20M | -50M | 100M | -65M | -35M | 0 | 400M | 0 | 0 |
| Equity Issued (Net) | -190M | -85.8M | 0 | -90M | -100M | -100M | -136.3M | -99.2M | -10M | 0 | 40K | -35.7M | -24.31M | 0 | -29.99M | -35M | 0 | -75M | -125.12M | -70M |
| Dividends Paid | -37.5M | -38.3M | -37.3M | -37.5M | -37.8M | -38.5M | -36.9M | -37.5M | -37.5M | -37.6M | -35.4M | -35.4M | -35.6M | -35.5M | -31.31M | -31.45M | -31.48M | -31.47M | -27.76M | -28.07M |
| Share Repurchases | -218.2M | -94.9M | 0 | -90M | -100M | -100M | -136.3M | -99.2M | -10M | 0 | 40K | -35.7M | -24.31M | 0 | -29.99M | -35M | 0 | -75M | -125.12M | -70M |
| Other Financing | -1.4M | -800K | -700K | -700K | -1.7M | -1.9M | -1.4M | 4.6M | 0 | -3.3M | 275K | 900K | 3.31M | 9.9M | 5.81M | 1.74M | 628K | -231K | 403K | 964K |
| Net Change in Cash | 123.4M | -152M | 140M | 24.5M | 5.2M | -28.2M | -21.6M | 32.3M | -9.7M | 5.4M | 45.17M | -3.4M | -22.7M | -14.2M | -43.31M | -31.67M | 70.27M | -212.65M | -129.72M | 37.7M |
| Free Cash Flow | 250.9M | 14.6M | 286.4M | 207.2M | 152.4M | -67.7M | 200.2M | 170.6M | 206.9M | -111.3M | 108.33M | 57.4M | 89.8M | -98.2M | 74.9M | 71.9M | 108.84M | -101.95M | 22.28M | 136.75M |
| FCF Margin % | 17.61% | 1.41% | 26.86% | 18.32% | 11.56% | -6.8% | 18.61% | 14.75% | 15.34% | -11.11% | 11.02% | 5.31% | 6.71% | -8.55% | 6.39% | 6.19% | 8.71% | -10.93% | 2.32% | 14% |
| FCF Growth % | 64.63% | 121.57% | 43.06% | 21.45% | -26.34% | 39.17% | 84.8% | 197.21% | 130.4% | -13.34% | 44.63% | -20.16% | -17.49% | 3.67% | 236.14% | -47.43% | -47.65% | -220.62% | -88.97% | -36.55% |
| FCF per Share | 2.58 | 0.15 | 2.91 | 2.09 | 1.52 | -0.67 | 1.92 | 1.63 | 1.97 | -1.06 | 1.03 | 0.55 | 0.85 | -0.93 | 0.71 | 0.68 | 1.03 | -0.96 | 0.21 | 1.26 |
| FCF Conversion (FCF/Net Income) | 1.84x | 0.38x | 4.29x | 4.22x | 1.26x | -0.92x | 2.67x | 1.63x | 1.57x | -1.42x | 2.16x | -6.22x | 0.78x | -0.64x | 1.21x | 0.89x | 1.01x | -1.30x | 1.30x | 1.65x |
| Interest Paid | 0 | 0 | 62.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 106.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |