Vasta Platform Limited (VSTA) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Cash from Operations | 96.31M | 81.72M | 89.6M | 24.53M | 68.31M | 38.43M | 44.17M | 54.95M | 15.88M | 131.3M | 16.72M | -2.72M | 2.02M | 140.77M | 34.76M | -42.16M | 6.2M | -41.26M | 55.61M | -91.29M |
| Operating CF Margin % | 38.59% | 22.8% | 20.82% | 3.51% | 31.02% | 13.05% | 9.59% | 9.92% | 6.16% | 48.38% | 4.15% | -0.54% | 1.07% | 74.11% | 9.13% | -10.59% | 4.88% | -29.23% | 19.8% | -26.57% |
| Operating CF Growth % | 40.98% | 112.67% | 102.85% | -55.36% | 330.2% | -70.73% | 164.11% | 2123.31% | 686.09% | -6.73% | -51.89% | 93.56% | -67.43% | 441.21% | -37.49% | 53.82% | -94.61% | -138.58% | -34.37% | -23.56% |
| Net Income | -87.22M | -74.75M | -1.33M | 475.71M | -110.25M | -66.02M | 36.72M | 99.62M | -96.94M | -122.65M | 268K | 87.98M | -75.99M | -114.98M | 26.67M | 46.33M | -103.78M | -91.46M | -6.93M | 22.25M |
| Depreciation & Amortization | 69.56M | 68.84M | 76.42M | 76.23M | 76.61M | 71.72M | 69.53M | 81.83M | 65.34M | 69.78M | 70.83M | 69.87M | 66.95M | 67.61M | 64.29M | 61.66M | 50.59M | 50.31M | 48.59M | 45.03M |
| Stock-Based Compensation | 2.94M | 584K | 1.77M | 1.65M | 2.32M | 2.77M | 2.94M | -953K | 6.11M | 5.57M | 2.66M | 2.61M | 11.17M | 863K | 4.13M | 5.02M | 5.28M | 6.95M | 5.27M | 39.65M |
| Deferred Taxes | -226K | -116K | -599K | -116.94M | -236K | 0 | 289K | 579K | -1.02M | -4.74M | -4.42M | -5.95M | 0 | -751K | -6.11M | -1.21M | 74K | -109K | -740K | 0 |
| Other Non-Cash Items | 17.19M | 32.14M | 43.82M | -185.79M | 31.83M | -26.52M | 27.5M | 104.18M | -30.86M | 110.85M | -1.05M | 59.28M | -48.79M | 67.85M | 2.83M | 43.63M | 6.84M | 35.54M | -954K | 161.4M |
| Working Capital Changes | 94.06M | 55.02M | -30.5M | -226.32M | 68.04M | 56.48M | -92.82M | -230.31M | 73.26M | 72.5M | -51.56M | -216.51M | 48.68M | 120.18M | -57.03M | -197.6M | 47.19M | -42.49M | 10.38M | -359.62M |
| Change in Receivables | 202.53M | 106.85M | -7.89M | -412.73M | 175.62M | 99.28M | -103.56M | -255.38M | 79.33M | 167.26M | -88.94M | -346.31M | 93.16M | 135.81M | -79.57M | -290M | 85.2M | 173.16M | 2.95M | -257.21M |
| Change in Inventory | -46.2M | 18.53M | 13.92M | 60.52M | -45.39M | 3.89M | 7.2M | 44.98M | -58.35M | -16.68M | 3.58M | -33.02M | -40.15M | -18.63M | 26.79M | -8.42M | 5.21M | -15.39M | 4.56M | 16.93M |
| Change in Payables | -10.51M | -52.03M | -40.59M | 114.65M | -58M | 0 | -21.32M | -37.67M | 56.91M | 19.24M | 2.13M | 135.61M | 0 | -5.73M | -3.57M | 76.79M | -5.84M | -70.27M | -16.8M | 0 |
| Cash from Investing | -98.53M | -72.36M | -156.25M | 113.37M | 191K | -47.82M | -34.83M | -22.75M | 124.86M | -69.15M | 11.72M | 3.91M | -81.61M | -128.75M | -188.49M | -21.59M | -241.99M | 165.48M | 186.57M | 207.98M |
| Capital Expenditures | -2.41M | -478K | -1.46M | -19.03M | -2.42M | -1.91M | -8.98M | -3.29M | -10.31M | -4.09M | -5.26M | -10.54M | -2.37M | -13.79M | -54.15M | -11.46M | -3.11M | -14.22M | -2.48M | 2.09M |
| CapEx % of Revenue | 0.96% | 0.13% | 0.34% | 2.72% | 1.1% | 0.65% | 1.95% | 0.59% | 4% | 1.51% | 1.3% | 2.09% | 1.26% | 7.26% | 14.23% | 2.88% | 2.44% | 10.08% | 0.88% | 0.61% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.41M | -7K | -3.21M | -26.87M | -45.21M | 0 | -8.47M | -152.63M | 6.64M | -3.57M | -36.66M | -14.44M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -18.89M | -26M | -24.96M | 132.4M | -19.22M | -45.91M | -34.78M | -43.87M | -1.41M | -21.38M | -38.64M | 41.32M | -34.02M | -16.21M | -125.87M | 142.5M | -17.3M | -10.36M | -9.11M | 220.34M |
| Cash from Financing | -9.62M | -7.44M | -5.54M | -149.53M | -23.21M | -6.95M | -37.99M | -43.1M | -72.25M | -66.56M | -31.53M | 228K | -23.83M | -10.26M | -10.16M | -4.22M | 278.55M | -204.22M | -138.24M | -123.42M |
| Debt Issued (Net) | -255.96M | -5.75M | -5.54M | -5.68M | -16.01M | -493.79M | -4.3M | -7.93M | -59.51M | -3.58M | -10.33M | -6.59M | -6.68M | -8.83M | -5.65M | -6.78M | 302.49M | -193.47M | -125.86M | -3.63M |
| Equity Issued (Net) | 248.79M | 0 | 0 | -495.63M | 0 | 0 | -22.53M | -34.15M | -5.78M | 0 | 0 | 0 | 0 | 0 | 0 | -12.12M | 0 | 0 | 0 | -8.11M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -22.53M | -34.15M | -5.78M | 0 | 0 | 0 | 0 | 0 | 0 | -12.12M | 0 | 0 | 0 | -8.11M |
| Other Financing | -2.45M | -1.69M | 0 | 351.78M | -7.2M | 486.84M | -11.16M | -1.02M | -6.96M | -62.97M | -21.2M | 6.82M | -17.15M | -1.42M | -4.51M | 14.68M | -23.93M | -10.75M | -12.38M | -111.68M |
| Net Change in Cash | -11.84M | 1.91M | -72.19M | -11.63M | 45.29M | -16.35M | -28.65M | -10.89M | 68.49M | -4.41M | -3.08M | 1.42M | -103.42M | 1.76M | -163.9M | -67.97M | 42.76M | -80M | 103.94M | -6.73M |
| Free Cash Flow | 75.01M | 55.24M | 63.18M | 5.5M | 46.68M | 36.52M | 412K | 7.8M | 5.57M | 105.83M | -27.17M | -37.03M | -354K | 110.77M | -19.39M | -72.73M | -14.2M | -55.48M | 44.02M | -89.2M |
| FCF Margin % | 30.05% | 15.41% | 14.68% | 0.79% | 21.2% | 12.41% | 0.09% | 1.41% | 2.16% | 38.99% | -6.74% | -7.33% | -0.19% | 58.31% | -5.09% | -18.26% | -11.16% | -39.31% | 15.67% | -25.96% |
| FCF Growth % | 60.71% | 51.29% | 15234.71% | -29.48% | 738.31% | -65.5% | 101.52% | 121.06% | 1672.88% | -4.46% | -40.13% | 49.09% | 97.51% | 299.65% | -144.05% | 18.46% | -112.51% | -164.19% | -47.6% | -19.12% |
| FCF per Share | 0.93 | 0.69 | 0.79 | 0.08 | 0.56 | 0.43 | 0.01 | 0.10 | 0.07 | 1.26 | -0.33 | -0.44 | -0.00 | 1.31 | -0.23 | -0.88 | -0.17 | -0.66 | 0.53 | -1.07 |
| FCF Conversion (FCF/Net Income) | -1.61x | -1.45x | -27.42x | 0.04x | -0.89x | -0.58x | 1.99x | 0.91x | -0.25x | -1.66x | -7.34x | -0.04x | -0.03x | -1.89x | 1.72x | -2.13x | -0.09x | 0.66x | -10.08x | -4.10x |
| Interest Paid | 0 | 0 | 0 | 92.53M | 0 | 30.38M | 0 | 0 | 0 | 0 | 0 | 0 | 58.6M | 0 | 0 | 0 | 0 | 0 | 0 | 3.78M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |