Ermenegildo Zegna N.V. (ZGN) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 |
|---|
| Cash from Operations | 234.81M | 98.56M | 166.07M | 121.31M | 165.06M | 106.59M | 109.08M | 29.62M | 61.99M | 90.87M | 135.3M | -64.39M | 87.06M | 87.06M | 96.38M | 96.38M |
| Operating CF Margin % | 23.91% | 10.62% | 16.83% | 12.63% | 16.48% | 11.8% | 14.28% | 4.06% | 9.07% | 14.93% | 22.09% | -15.8% | 13.18% | 13.18% | 16.3% | 16.3% |
| Operating CF Growth % | 41.39% | -18.76% | 0.61% | 13.81% | 51.33% | 259.84% | 75.95% | -67.4% | -54.18% | 241.12% | 55.41% | -173.96% | -9.67% | -9.67% | - | - |
| Net Income | 55.09M | 43.08M | 52M | 25.09M | 75.56M | 45.97M | 37.44M | 14.04M | 288.01M | 28.16M | 36.13M | -86.71M | 12.72M | 12.72M | 20.26M | 20.26M |
| Depreciation & Amortization | 121.66M | 124.34M | 116.21M | 108.55M | 106.19M | 86.98M | 83.68M | 88.2M | 40.84M | 74.34M | 81.36M | 84.85M | 88.53M | 88.53M | 80.29M | 80.29M |
| Stock-Based Compensation | 0 | 2.1M | 4.32M | 4.15M | 7.71M | 6.54M | 4.76M | 6.68M | 0 | 0 | -8.58M | -8.58M | -22.56M | -22.56M | -23.06M | -23.06M |
| Deferred Taxes | -2.99M | 0 | 0 | 0 | 0 | 0 | -2.76M | 0 | -23.03M | 0 | 7.49M | 7.49M | 21.9M | 21.9M | 14.7M | 14.7M |
| Other Non-Cash Items | 40.86M | -18.18M | 55.84M | 26.07M | 25.72M | 70.54M | 56.14M | 45.24M | -236.25M | 663K | 18.5M | -50.86M | 4.51M | 4.51M | 12.49M | 12.49M |
| Working Capital Changes | 20.19M | -52.78M | -62.29M | -42.55M | -50.12M | -103.44M | -70.19M | -124.54M | -7.58M | -12.29M | 397.32K | -10.58M | -18.03M | -18.03M | -8.29M | -8.29M |
| Change in Receivables | -27.69M | 26.53M | -33.86M | 21.29M | -24.17M | -26.85M | -12.28M | -3.34M | -5.24M | -7.05M | -13.73M | 49.4M | -4.19M | -4.19M | -3.12M | -3.12M |
| Change in Inventory | 1.38M | -26.69M | 15.67M | -21.57M | 6.68M | -79.45M | -51.31M | -51.81M | 8.55M | -36.11M | 8.27M | -47.76M | -2.7M | -2.7M | -16.8M | -16.8M |
| Change in Payables | 40.23M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -19.24M | -19.24M | -5.5M | -5.5M | 8.83M | 8.83M |
| Cash from Investing | -62.58M | -46.66M | -46.45M | -105.99M | -38.44M | 60.4M | -39.12M | -15.3M | 7.28M | -89.29M | 30.72M | 61.85M | 76.4M | 76.4M | 14.57M | 14.57M |
| Capital Expenditures | -54.87M | -42.05M | -52.18M | -47.93M | -31.34M | -25.7M | -40.06M | -15.82M | -62.7M | -17M | -17.45M | -10.18M | -29.75M | -29.75M | -30.05M | -30.05M |
| CapEx % of Revenue | 5.59% | 4.53% | 5.29% | 4.99% | 3.13% | 2.85% | 5.25% | 2.17% | 9.17% | 2.79% | 2.85% | 2.5% | 4.5% | 4.5% | 5.08% | 5.08% |
| Acquisitions | 0 | 0 | -4.7M | -14.61M | -9.11M | -108.58M | -3.85M | 3.55M | -3.73M | -3.02M | -535K | -1.71M | 105.99M | 105.99M | 44.62M | 44.62M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 1.41M | -4.6M | 10.43M | -43.46M | 2.01M | 194.67M | -8.81M | 526.16K | 21.57M | -69.27M | 5.27M | 30.31M | -79.89M | -79.89M | -18.91M | -18.91M |
| Cash from Financing | -115.35M | -98.4M | -128.85M | -88.53M | -83.7M | -164M | -142.6M | -141.02M | -36.22M | -27.88M | -62.96M | 13.91M | -199.16M | -199.16M | -172.86M | -172.86M |
| Debt Issued (Net) | -103.15M | -99.75M | -12.11M | -86.46M | 6.45M | -107.41M | -72.58M | -80.06M | 0 | 757K | 0 | 13.91M | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 106.42M | 0 | 0 | 0 | 8.64K | 7.99M | -248.26K | 3.54M | -455M | -384K | -945K | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -30.27M | 0 | -30.29M | 0 | -25.03M | 0 | -21.85M | 0 | -102K | 0 | -865.5K | -865.5K | 0 | 0 | -7.33M | -7.33M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -455M | -384K | -945K | 0 | -47K | -47K | 0 | 0 |
| Other Financing | -88.37M | 1.35M | -86.46M | -2.07M | -65.13M | -64.58M | -47.92M | -64.5M | 418.88M | -28.25M | -61.15M | 865.5K | -199.16M | -199.16M | -165.54M | -165.54M |
| Net Change in Cash | 60.28M | -33.47M | -14.07M | -79.95M | 44.56M | 6.26M | -84.77M | 346.88M | 304.14M | 285.94M | 264.63M | 167.94M | -1.93M | -1.93M | -2.57M | -2.57M |
| Free Cash Flow | 191.09M | 63.66M | 106.5M | 72.52M | 136.46M | 81.88M | 84.73M | 12.55M | 124.39M | 73.88M | 117.85M | -74.57M | 57.31M | 57.31M | 66.34M | 66.34M |
| FCF Margin % | 19.46% | 6.86% | 10.8% | 7.55% | 13.63% | 9.07% | 11.09% | 1.72% | 18.19% | 12.14% | 19.24% | -18.3% | 8.67% | 8.67% | 11.22% | 11.22% |
| FCF Growth % | 79.43% | -12.22% | -21.96% | -11.43% | 61.05% | 552.41% | -31.88% | -83.01% | 5.55% | 199.07% | 105.64% | -230.12% | -13.61% | -13.61% | - | - |
| FCF per Share | 0.72 | 0.25 | 0.42 | 0.29 | 0.53 | 0.33 | 0.35 | 0.05 | 0.61 | 0.36 | 0.53 | -0.34 | 0.24 | 0.24 | 0.27 | 0.27 |
| FCF Conversion (FCF/Net Income) | 4.26x | 2.29x | 3.19x | 4.84x | 2.18x | 2.32x | 2.91x | 2.11x | -0.38x | 3.23x | 3.74x | 0.74x | 8.01x | 8.01x | 5.11x | 5.11x |
| Interest Paid | 0 | 20.65M | 18.55M | 0 | 0 | 0 | 0 | 0 | 0 | 8.29M | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |