Vulcan Materials Company (VMC) quarterly cash flow statement — complete operating, investing & financing history
Vulcan Materials Company (VMC) cash flow statement — 30-year operating, investing & financing cash flows
| 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 | 343.5M | 241.1M | 543M | 676.8M | 341.7M | 251.5M | 440.1M | 595M | 201.1M | 173.4M | 481.6M | 547.7M | 286.2M | 221.3M | 399.9M | 422.8M | 149.9M | 175.6M | 287.08M | 326.94M |
| Operating CF Margin % | 15.93% | 13.73% | 28.38% | 29.65% | 16.25% | 15.39% | 23.74% | 29.69% | 9.98% | 11.22% | 26.26% | 25.06% | 13.55% | 13.42% | 23.09% | 20.25% | 7.67% | 11.4% | 17.87% | 21.56% |
| Operating CF Growth % | 0.53% | -4.14% | 23.38% | 13.75% | 69.92% | 45.04% | -8.62% | 8.64% | -29.73% | -21.64% | 20.43% | 29.54% | 90.93% | 26.03% | 39.3% | 29.32% | -34.43% | 3.74% | -1.83% | -7.21% |
| Net Income | 324.3M | 166M | 252.8M | 375.1M | 320.8M | 129.4M | 293.5M | 208.4M | 308.3M | 102.9M | 228.1M | 276.5M | 308.6M | 120.9M | 119.4M | 177.1M | 187.4M | 92.1M | 137.68M | 176.76M |
| Depreciation & Amortization | 177.5M | 170.3M | 164.5M | 191.4M | 185.4M | 186.4M | 163.8M | 160.7M | 156.8M | 150.9M | 152.5M | 125.6M | 119.6M | 148.4M | 162.5M | 151M | 157.9M | 141M | 142.22M | 114.58M |
| Stock-Based Compensation | 9.2M | 15.5M | 13.2M | 16.9M | 19.1M | 13.9M | 13.5M | 15.4M | 15.4M | 9.1M | 19.7M | 19.2M | 16M | 8.2M | 13.2M | 9.7M | 10.7M | 7.5M | 9.5M | 7.5M |
| Deferred Taxes | -71.5M | 3.3M | -30.4M | 67.8M | -9.5M | -1.8M | 20.9M | 18.5M | -16.4M | -2.1M | -37.3M | -1.3M | 8.6M | -13.3M | 22.3M | 28.8M | 5.5M | 1.1M | -4.65M | 30.35M |
| Other Non-Cash Items | 27.6M | 16.5M | -14.7M | 8.9M | 13.7M | 8.8M | -290.6M | 62.7M | 10.6M | 10.6M | -42.1M | 76.8M | 35.1M | 12.3M | 19.9M | 62.5M | -100K | 11.7M | 14.34M | 7.49M |
| Working Capital Changes | -123.6M | -130.5M | 157.6M | 16.7M | -187.8M | -85.2M | 239M | 129.3M | -273.6M | -98M | 160.7M | 50.9M | -201.7M | -55.2M | 62.6M | -6.3M | -211.4M | -77.8M | -12.01M | -9.63M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -54.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 319.7M | -174.9M | -78.3M | -214M | -110.4M | -126.5M | -2.17B | -108M | -370M | -163.8M | 345.7M | -306M | -141.5M | -61.7M | -112.3M | -472M | -166.2M | -302.5M | -113.52M | -1.76B |
| Capital Expenditures | -193.9M | -176.5M | -184.8M | -222M | -102.9M | -168M | -162.5M | -96.8M | -191.4M | -152.8M | -206.3M | -311.7M | -161M | -193.6M | -162.2M | -159.8M | -130.2M | -160.4M | -132.68M | -126.39M |
| CapEx % of Revenue | 8.99% | 10.05% | 9.66% | 9.72% | 4.89% | 10.28% | 8.77% | 4.83% | 9.5% | 9.89% | 11.25% | 14.26% | 7.62% | 11.74% | 9.37% | 7.65% | 6.66% | 10.41% | 8.26% | 8.33% |
| Acquisitions | 497.1M | 0 | 103.4M | -3.3M | -9.9M | 4.7M | -2.06B | -13M | -178.7M | -12.3M | 483.6M | 5.7M | 400K | 130.5M | 48.8M | -339.9M | -39.9M | -148.2M | -4.91M | -1.63B |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 16.5M | 1.6M | 3.1M | 11.3M | 2.4M | 36.8M | 49.2M | 1.8M | 100K | 1.3M | 68.4M | 0 | 19.1M | 1.4M | 1.1M | 27.7M | 3.9M | 6.1M | 24.07M | 1.77M |
| Cash from Financing | -518.2M | -111.9M | -470.5M | -618.6M | -73.2M | -532.9M | 1.9B | -164.3M | -19.6M | -658.7M | -223.1M | -64.9M | -116.5M | -181.1M | -273M | 72.4M | 7M | 18.4M | -68.48M | 600.19M |
| Debt Issued (Net) | -198.5M | 143.3M | -2.4M | -550.1M | -2.9M | -400.4M | -3M | -98M | 91.6M | -550.4M | -13.6M | -100K | -3.4M | -100.4M | -214.9M | 136M | 70.7M | 97.7M | -21.19M | 652.5M |
| Equity Issued (Net) | -250.8M | -187.3M | -403.8M | 3.9M | -3.9M | -38.1M | -8.5M | -200K | -50M | -18.8M | -150.1M | -2.1M | -49.9M | -14.3M | -1.1M | -200K | -100K | -17.1M | -3.3M | -3M |
| Dividends Paid | -67.5M | -67.9M | -64.4M | -64.7M | -64.7M | -66M | -60.8M | -60.8M | -60.8M | -62M | -56.8M | -57.2M | -57.2M | -57.2M | -53.1M | -53.2M | -53.1M | -53.2M | -49.13M | -49.1M |
| Share Repurchases | -250.3M | -149.5M | -400.3M | 3.9M | -3.9M | -38.1M | -8.5M | -200K | -50M | -18.8M | -150.1M | -2.1M | -49.9M | -14.3M | -1.1M | -200K | -100K | -17.1M | -3.3M | -3M |
| Other Financing | -1.4M | 0 | 100K | -7.7M | -1.7M | -28.4M | 1.97B | -5.3M | -400K | -27.5M | -2.6M | -5.5M | -6M | -9.2M | -3.9M | -10.2M | -10.5M | -9M | 5.14M | -207K |
| Net Change in Cash | 145M | -45.7M | -5.8M | -155.8M | 158.1M | -407.9M | 166.5M | 322.7M | -188.5M | -649.1M | 604.2M | 176.8M | 28.2M | -21.5M | 14.6M | 23.2M | -9.3M | -108.5M | 105.07M | -831.98M |
| Free Cash Flow | 149.6M | 64.6M | 358.2M | 454.8M | 238.8M | 83.5M | 277.6M | 498.2M | 9.7M | 20.6M | 275.3M | 236M | 125.2M | 27.7M | 237.7M | 263M | 19.7M | 15.2M | 154.4M | 200.56M |
| FCF Margin % | 6.94% | 3.68% | 18.72% | 19.92% | 11.36% | 5.11% | 14.98% | 24.86% | 0.48% | 1.33% | 15.01% | 10.8% | 5.93% | 1.68% | 13.72% | 12.59% | 1.01% | 0.99% | 9.61% | 13.23% |
| FCF Growth % | -37.35% | -22.63% | 29.03% | -8.71% | 2361.86% | 305.34% | 0.84% | 111.1% | -92.25% | -25.63% | 15.82% | -10.27% | 535.53% | 82.24% | 53.95% | 31.13% | -85.62% | -77.85% | -22.5% | -34.56% |
| FCF per Share | 1.14 | 0.49 | 2.71 | 3.42 | 1.80 | 0.63 | 2.09 | 3.75 | 0.07 | 0.15 | 2.06 | 1.77 | 0.94 | 0.21 | 1.78 | 1.97 | 0.15 | 0.11 | 1.16 | 1.50 |
| FCF Conversion (FCF/Net Income) | 1.06x | 1.46x | 2.15x | 1.78x | 1.06x | 1.95x | 1.50x | 2.87x | 0.65x | 1.69x | 2.12x | 1.98x | 0.93x | 1.83x | 3.35x | 2.39x | 0.80x | 1.91x | 2.08x | 1.85x |
| Interest Paid | 99M | 13.4M | 96.5M | 15.9M | 0 | 0 | 63.1M | 20.5M | 0 | 0 | 0 | 35.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 79.1M | 2.6M | 106.2M | 71.5M | 0 | 0 | -50M | 50M | 0 | 0 | 0 | 55.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |