Willis Towers Watson Public Limited Company (WTW) quarterly cash flow statement — complete operating, investing & financing history
Willis Towers Watson Public Limited Company (WTW) cash flow statement — 26-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 | 530M | -10M | 771M | 678M | 361M | -35M | 599M | 482M | 407M | 24M | 522M | 393M | 296M | 134M | 375M | 179M | 237M | 21M | 184M | 1.51B |
| Operating CF Growth % | 46.81% | 71.43% | 28.71% | 40.66% | -11.3% | -245.83% | 14.75% | 22.65% | 37.5% | -82.09% | 39.2% | 119.55% | 24.89% | 538.1% | 103.8% | -88.15% | -52.02% | 116.41% | -67.61% | 190.02% |
| Operating CF / Revenue % | 21.49% | -0.41% | 26.26% | 29.63% | 15.97% | -1.57% | 19.74% | 21.06% | 17.97% | 1.03% | 17.91% | 18.14% | 13.71% | 5.97% | 13.78% | 9.17% | 11.67% | 0.97% | 6.8% | 76.58% |
| Net Income | 237M | 303M | 735M | 310M | 332M | 239M | 1.25B | -1.67B | 141M | 190M | 622M | 139M | 96M | 206M | 593M | 192M | 114M | 125M | 569M | 907M |
| Depreciation & Amortization | 55M | 104M | 107M | 104M | 57M | 102M | -122M | 116M | 117M | 119M | 118M | 122M | 134M | 131M | 137M | 131M | 148M | 151M | 153M | 154M |
| Stock-Based Compensation | 67M | 42M | 49M | 36M | 31M | 37M | 36M | 31M | 30M | 24M | 38M | 29M | 32M | 26M | 28M | 24M | 25M | 22M | 0 | 19M |
| Deferred Taxes | -12M | -30M | 0 | 8M | -47M | -23M | 166M | -354M | -16M | -9M | -51M | -21M | -22M | -15M | 42M | -47M | -28M | -17M | 0 | -15M |
| Other Non-Cash Items | 137M | 41M | 162M | 16M | 109M | 122M | -542M | 2.26B | 22M | 53M | 64M | -11M | 30M | 49M | 32M | -181M | 84M | 125M | -241M | -37M |
| Working Capital Changes | 46M | -470M | -282M | 204M | -121M | -512M | -187M | 101M | 113M | -353M | -269M | 135M | 26M | -263M | -457M | 60M | -106M | -385M | -297M | 483M |
| Cash from Investing | -336M | -840M | -83M | -82M | 696M | -84M | 480M | -72M | -84M | -74M | -55M | 5M | -974M | -61M | -115M | -77M | -55M | 74M | 1.99B | -13M |
| Capital Expenditures | -59M | -55M | -63M | -57M | -58M | -51M | -56M | 126M | -66M | -60M | -60M | -61M | -60M | -42M | -54M | -40M | -29M | -46M | -52M | -30M |
| Acquisitions | -247M | -792M | -1M | -1M | 815M | -1M | 543M | -10M | -3M | -15M | 3M | 69M | -907M | -4M | -61M | -20M | -8M | -80M | 3.27B | 30M |
| Purchase of Investments | -30M | -9M | -19M | -8M | -26M | -32M | -2M | 1M | -14M | 0 | 2M | -3M | -3M | 0 | -400M | 0 | 0 | 200M | -200M | 0 |
| Sale/Maturity of Investments | 0 | 16M | 0 | 0 | 0 | 0 | 0 | 0 | -1M | 1M | -922M | 3M | 3M | 4M | -200M | 0 | 0 | 200M | 0 | 0 |
| Other Investing | 0 | 0 | 0 | -16M | -35M | 0 | -5M | -189M | 0 | 0 | 922M | -3M | -7M | -19M | 600M | -17M | -18M | -200M | -1.03B | -13M |
| Cash from Financing | -858M | -203M | 375M | -511M | -824M | 24M | -664M | -159M | -1.19B | 1.56B | -472M | -615M | 340M | -453M | -336M | -419M | -110M | -2.58B | -809M | -1.19B |
| Dividends Paid | -90M | -88M | -89M | -90M | -91M | -88M | -89M | -89M | -90M | -86M | -87M | -88M | -90M | -87M | -89M | -91M | -91M | -98M | -99M | -6M |
| Share Repurchases | -450M | -300M | -350M | -600M | -500M | -200M | -395M | -205M | -200M | -101M | -196M | -350M | -350M | -104M | -440M | -369M | -471M | -2.25B | -627M | -1B |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6M | 0 | 1M | 8M | 0 |
| Debt Issuance (Net) | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K | -1000K | 0 | -1000K | -1000K | -1000K | -1000K | -1000K |
| Other Financing | -542M | 186M | 815M | 181M | -232M | 313M | -87M | 136M | -251M | 1B | -188M | 74M | 45M | -261M | 193M | 37M | 1.03B | -232M | -53M | 272M |
| Net Change in Cash | -669M | -1.08B | 1.06B | 80M | 360M | -15M | 286M | 336M | -875M | 1.46B | 60M | -272M | -358M | -359M | 50M | -437M | -64M | -2.52B | 2.32B | 260M |
| Exchange Rate Effect | -5M | -29M | 1M | -5M | 127M | 80M | -129M | 85M | -6M | -47M | 65M | -55M | -20M | 21M | 126M | -120M | -136M | -34M | 950M | -49M |
| Cash at Beginning | 5.41B | 6.49B | 5.42B | 5.34B | 4.98B | 5B | 4.71B | 4.38B | 5.25B | 3.79B | 3.73B | 4B | 4.36B | 4.72B | 4.67B | 5.11B | 5.17B | 7.69B | 2.17B | 5.92B |
| Cash at End | 4.74B | 5.41B | 6.49B | 5.42B | 5.34B | 4.98B | 5B | 4.71B | 4.38B | 5.25B | 3.79B | 3.73B | 4B | 4.36B | 4.72B | 4.67B | 5.11B | 5.17B | 4.49B | 6.18B |
| Free Cash Flow | 530M | -65M | 708M | 627M | 303M | -86M | 788M | 419M | 341M | -36M | 462M | 332M | 236M | 73M | 321M | 122M | 190M | -25M | 145M | 1.47B |
| FCF Growth % | 74.92% | 24.42% | -10.15% | 49.64% | -11.14% | -138.89% | 70.56% | 26.2% | 44.49% | -149.32% | 43.93% | 172.13% | 24.21% | 392% | 121.38% | -91.69% | -56.72% | 86.03% | -71.79% | 221.23% |
| FCF Margin % | 21.49% | -2.69% | 24.11% | 27.4% | 13.4% | -3.87% | 25.96% | 18.3% | 15.06% | -1.54% | 15.85% | 15.33% | 10.93% | 3.25% | 11.79% | 6.25% | 9.35% | -1.16% | 5.36% | 74.4% |
| FCF per Share | 5.64 | -0.68 | 7.3 | 6.27 | 3.03 | -0.85 | 7.73 | 4.11 | 3.31 | -0.35 | 4.44 | 3.16 | 2.21 | 0.68 | 2.94 | 1.1 | 1.7 | -0.21 | 1.16 | 11.38 |