Valvoline Inc. (VVV) 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 | 95.4M | 64.8M | 121.9M | 86.9M | 47.2M | 41.2M | 101.3M | 75.6M | 68.3M | 19.9M | 7.6M | -158.5M | 118.8M | -8.7M | 93.2M | 95.4M | 64M | 31.8M | 108M | 106M |
| Operating CF Margin % | 18.94% | 14.03% | 26.86% | 19.79% | 11.71% | 9.94% | 23.26% | 17.94% | 17.57% | 5.33% | 1.95% | -42.13% | 34.48% | -2.61% | 27.79% | 9.97% | 21.62% | 11.07% | 12.93% | 13.38% |
| Operating CF Growth % | 102.12% | 57.28% | 20.34% | 14.95% | -30.89% | 107.04% | 1232.89% | 147.7% | -42.51% | 328.74% | -91.85% | -266.14% | 85.63% | -127.36% | -13.7% | -10% | -42.34% | -59.75% | 6.93% | -9.4% |
| Net Income | -1.2M | -32.8M | 25.6M | 56.5M | 37.6M | 91.6M | 95.3M | 45.9M | 41.4M | 31.9M | -1.17B | 61.6M | 1.23B | 81.9M | -157.6M | 209.4M | -29.8M | 87M | 168M | 97M |
| Depreciation & Amortization | 37.6M | 33.5M | 32.8M | 30.2M | 28.4M | 28M | 28.8M | 26.9M | 25.6M | 24.6M | 28.1M | 21.6M | 20.6M | 18.5M | -3.6M | 17.6M | 17.6M | 16.9M | 24M | 24M |
| Stock-Based Compensation | 0 | 2.4M | 0 | 2.8M | 2.6M | 2M | 2.6M | 4.5M | 2.5M | 2.4M | 3.4M | 3.4M | 2.5M | 2.9M | 3.4M | 4.5M | 4M | 3.2M | 4M | 4M |
| Deferred Taxes | 100K | 0 | 109.9M | 0 | 0 | 0 | 23.5M | 0 | 0 | 0 | 60.2M | 0 | -100K | -26.5M | -12M | 16.1M | 6M | 7.5M | 24M | 24M |
| Other Non-Cash Items | 53.4M | 44.9M | -44.5M | 1.2M | -3.6M | -68.9M | -63.7M | 5.3M | 400K | 1M | 1.12B | -232.2M | -1.2B | -111.5M | 199.9M | -154.4M | 108.8M | -58.1M | -70M | -1M |
| Working Capital Changes | 5.6M | 16.8M | -1.9M | -3.8M | -17.8M | -11.5M | 14.8M | -7M | -1.6M | -40M | -31.8M | -12.9M | 67.4M | 26M | 63.1M | 2.2M | -42.6M | -24.7M | -42M | -42M |
| Change in Receivables | 3.2M | 9.4M | -2.4M | 1.8M | -4.1M | 1.6M | 13.6M | 8.6M | -25.5M | 2.4M | 29.9M | -8.3M | -8.6M | 13.4M | 86.5M | 5.3M | -2.7M | -4.7M | -10M | -41M |
| Change in Inventory | 1M | -2.5M | -1.6M | 200K | -3.4M | -600K | 300K | -3.3M | -7.7M | 3M | 0 | 400K | -2.7M | -1M | 53.6M | -1.8M | -3.1M | 3.1M | -14M | -26M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -68M | -631.4M | -129.2M | -82.2M | -53.7M | 64M | -24.6M | -69.2M | 58.3M | 172.3M | 17.6M | -500.8M | 2.58B | -56.8M | -64.6M | -59.4M | -38.4M | -45.8M | -49M | -75M |
| Capital Expenditures | -57.8M | -57.4M | -98.9M | -54.9M | -51.8M | -53.6M | -71.4M | -65.8M | -44.9M | -42.3M | -54.6M | -46.5M | -39.5M | -39.9M | -30M | -31.8M | -25.7M | -32M | -38M | -32M |
| CapEx % of Revenue | 11.47% | 12.43% | 21.79% | 12.51% | 12.85% | 12.94% | 16.39% | 15.61% | 11.55% | 11.33% | 14% | 12.36% | 11.47% | 11.99% | 8.94% | 3.32% | 8.68% | 11.14% | 4.55% | 4.04% |
| Acquisitions | -8.5M | -635.6M | -32.9M | -22.5M | -5.2M | 116.6M | 46.7M | -6.6M | -16.7M | -8.3M | -8.5M | -8.9M | -9.3M | -9.6M | -700K | -19.3M | -9.8M | -13.6M | -15M | -44M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 2.8M | 61.6M | 7.1M | -4.8M | -2.7M | 1M | 100K | 3.2M | -100K | -7.1M | 80.7M | -445.4M | 2.63B | -7.3M | -33.9M | -8.3M | -2.9M | -200K | 4M | 1M |
| Cash from Financing | -12.4M | 584.7M | -9.3M | 800K | 8.3M | -112.7M | -73.9M | -434.8M | -52.9M | -184.7M | -138.1M | -1.15B | -460M | 72.5M | -40.9M | -54.5M | -59.7M | -63.8M | -53M | -52M |
| Debt Issued (Net) | -7.8M | 590.4M | -18.2M | 4.1M | 44M | -60.9M | -56M | -431M | -5.9M | -5.9M | -5.8M | -6M | -118.7M | 130.6M | -22.1M | -600K | 0 | 0 | 8.7M | -20M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | -31.1M | -45.7M | -14.6M | 0 | -40.5M | -171.7M | -129.3M | -1.14B | -170M | -87.4M | -38.6M | -37.2M | -34.8M | -31.5M | -27M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -21.8M | -22.2M | -22.1M | -22.5M | -22.5M | -22M | -23M |
| Share Repurchases | 0 | 0 | 0 | 0 | -31.1M | -45.7M | -14.6M | 0 | -40.5M | -171.7M | -129.3M | -1.14B | -170M | -87.4M | -38.6M | -37.2M | -34.8M | -31.5M | -27M | 0 |
| Other Financing | -4.6M | -5.7M | 8.9M | -3.3M | -4.6M | -6.1M | -3.3M | -3.8M | -6.5M | -7.1M | -3M | -3.9M | -171.3M | 51.1M | 42M | 5.4M | -2.4M | -9.8M | -12.7M | -9M |
| Net Change in Cash | 14.8M | 18.3M | -14.1M | 6M | 1.9M | -8.3M | 2.7M | -428.5M | 73.8M | 7.6M | -113.6M | -1.81B | 2.24B | 9.1M | -16.1M | -20.6M | -33.5M | -77.7M | 3M | -20M |
| Free Cash Flow | 37.6M | 7.4M | 23M | 32M | -4.6M | -12.4M | 29.9M | 9.8M | 23.4M | -22.4M | -47M | -205M | 79.3M | -48.6M | 63.2M | 63.6M | 38.3M | -200K | 70M | 74M |
| FCF Margin % | 7.46% | 1.6% | 5.07% | 7.29% | -1.14% | -2.99% | 6.87% | 2.33% | 6.02% | -6% | -12.05% | -54.49% | 23.02% | -14.6% | 18.84% | 6.65% | 12.94% | -0.07% | 8.38% | 9.34% |
| FCF Growth % | 917.39% | 159.68% | -23.08% | 226.53% | -119.66% | 44.64% | 163.62% | 104.78% | -70.49% | 53.91% | -174.37% | -422.33% | 107.05% | -24200% | -9.71% | -14.05% | -46.81% | -100.45% | 59.09% | -7.5% |
| FCF per Share | 0.29 | 0.06 | 0.18 | 0.25 | -0.04 | -0.10 | 0.23 | 0.08 | 0.18 | -0.17 | -0.34 | -1.26 | 0.46 | -0.28 | 0.35 | 0.35 | 0.21 | -0.00 | 0.38 | 0.40 |
| FCF Conversion (FCF/Net Income) | 2.13x | -1.98x | 4.88x | 1.54x | 1.26x | 0.45x | 1.10x | 1.65x | 1.65x | 0.62x | 0.16x | -2.57x | 0.10x | -0.11x | 0.59x | 0.96x | 0.79x | 0.37x | 0.64x | 1.09x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |