ZIM Integrated Shipping Services Ltd. (ZIM) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q2'21 |
|---|
| Cash from Operations | 262.7M | 299.73M | 628.4M | 441.3M | 854.7M | 1.15B | 1.5B | 776.8M | 326.1M | 162.2M | 337.6M | 346.6M | 173.6M | 1.07B | 1.67B | 1.71B | 1.66B | 2B | 2.01B | 1.18B |
| Operating CF Margin % | 18.81% | 20.19% | 35.36% | 26.98% | 42.59% | 53.16% | 54.16% | 40.19% | 20.88% | 13.46% | 26.52% | 26.47% | 12.63% | 48.82% | 51.79% | 49.87% | 44.67% | 57.83% | 64.04% | 49.56% |
| Operating CF Growth % | -69.26% | -73.99% | -58.04% | -43.19% | 162.1% | 610.42% | 343.57% | 124.12% | 87.85% | -84.82% | -79.8% | -79.73% | -89.54% | -46.69% | -16.77% | 44.83% | 113.53% | 383.77% | 719.4% | 885.77% |
| Net Income | -86.3M | 38.1M | 123.4M | 23.7M | 296.1M | 562.7M | 1.13B | 372.8M | 92.1M | -146.6M | -2.27B | -212.7M | -58.1M | 416.5M | 1.17B | 1.34B | 1.71B | 1.71B | 1.46B | 888.2M |
| Depreciation & Amortization | 318M | 314M | 332.8M | 323.1M | 315.9M | 308.9M | 295M | 278M | 260.6M | 239.3M | 423.8M | 421.5M | 387.2M | 388.6M | 380.2M | 337.3M | 290.2M | 248.58M | 220.9M | 176.1M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -11.9M | 160.79M | 48.9M | 25.6M | 84.4M | 38.1M | 6.8M | 2.1M | 4.2M | 9.5M | -71.1M | -59.4M | -6.6M | 141.4M | 348.7M | 400.6M | 507.6M | 374.13M | 358M | 223.8M |
| Other Non-Cash Items | 81.6M | -263.64M | 105M | 110.9M | 106.6M | 83.5M | 124.9M | 102.5M | 86.9M | 87.2M | 2.15B | 151.2M | -203.4M | -35.7M | -310.6M | -350.7M | -731.6M | -293.9M | 28.2M | 35.7M |
| Working Capital Changes | -38.7M | 50.48M | 18.3M | -42M | 51.7M | 159.1M | -55.4M | 21.4M | -117.7M | -27.2M | 101.6M | 46M | 54.5M | 157.8M | 87.6M | -13.1M | -117.2M | -32.63M | -61.7M | -143.2M |
| Change in Receivables | -37.8M | -18.97M | 144.5M | -42.1M | 181.8M | 128.4M | -34.3M | -210.8M | -236.2M | 5.2M | 60.6M | 33.7M | 143.2M | 285.6M | 272.8M | 34.5M | -96.3M | -70.94M | -261.6M | -259.9M |
| Change in Inventory | -38.8M | 15.51M | 17.3M | 18.2M | -5.3M | -3.8M | -20.7M | 9.6M | -18M | -22.9M | 17.7M | 15M | 1.6M | 35M | -9.5M | -42.4M | -54.8M | -11.67M | -7.5M | -13.4M |
| Change in Payables | 30.3M | 42.63M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 105.4M | -184.25M | -58.5M | 141.2M | -41.7M | -317.1M | -146.2M | 56.4M | 183.7M | 445.8M | -9.1M | 133.6M | 1.21B | -435.4M | -255.8M | -693.2M | -260.6M | -2.31B | -587.1M | -313.3M |
| Capital Expenditures | -31.3M | -53.45M | -67.3M | -24.4M | -78M | -73M | -50.3M | -66.4M | -24.4M | -40.5M | -13.7M | -25.6M | -35.9M | -27.8M | -54.6M | -80.6M | -182.5M | -249.2M | -291.3M | -331.5M |
| CapEx % of Revenue | 2.24% | 3.6% | 3.79% | 1.49% | 3.89% | 3.37% | 1.82% | 3.44% | 1.56% | 3.36% | 1.08% | 1.95% | 2.61% | 1.27% | 1.69% | 2.35% | 4.91% | 7.19% | 9.29% | 13.92% |
| Acquisitions | 0 | 4.73M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -765.6M | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 136.7M | -96.06M | 8.8M | 15M | 36.3M | -359.1M | -95.9M | 7.8M | 8M | 12.3M | 10.9M | -300K | 2.3M | -407.6M | 773.8M | 9.3M | 5M | -2.06B | -295.8M | 1.8M |
| Cash from Financing | -498.4M | -379.22M | -457.7M | -944.1M | -582.3M | -1.06B | -696.9M | -629.2M | -740.8M | -599.6M | -451.5M | -1.33B | -509.7M | -904.7M | -1.07B | -2.79B | -214.7M | -606.87M | -511.2M | -511.4M |
| Debt Issued (Net) | -281.3M | -332.33M | -332.4M | -349.6M | -460.4M | -501.7M | -463.9M | -480.3M | -636.7M | -499M | -352.7M | -466.4M | -416M | -483.6M | -433.3M | -357.1M | -169.7M | -264.83M | -234.1M | -467M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -106.1M | -46.83M | -7.2M | -471M | 0 | -439.6M | -111.9M | -27.7M | 0 | 0 | 0 | -769.2M | 0 | -354.4M | -570.3M | -2.38B | 0 | -299.36M | -237M | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -111M | -56.94K | -118.1M | -123.5M | -121.9M | -123.2M | -121.1M | -121.2M | -104.1M | -100.6M | -98.8M | -96.5M | -93.7M | -66.7M | -63.4M | -54.3M | -45M | -42.69M | -40.1M | -44.4M |
| Net Change in Cash | -130.1M | -247.3M | 111.9M | -359M | 231.4M | -234M | 658.9M | 201.9M | -233.6M | 9.4M | -128.2M | -852.3M | 870.5M | -263.6M | 338.9M | -1.78B | 1.18B | -911.7M | 909.7M | 356.9M |
| Free Cash Flow | 231.4M | 246.28M | 561.1M | 416.9M | 776.7M | 1.08B | 1.45B | 710.4M | 301.7M | 121.7M | 323.9M | 321M | 137.7M | 1.04B | 1.62B | 1.63B | 1.48B | 1.76B | 1.72B | 849.1M |
| FCF Margin % | 16.57% | 16.59% | 31.57% | 25.49% | 38.71% | 49.79% | 52.34% | 36.76% | 19.31% | 10.1% | 25.44% | 24.51% | 10.02% | 47.55% | 50.1% | 47.52% | 39.76% | 50.64% | 54.75% | 35.65% |
| FCF Growth % | -70.21% | -77.18% | -61.23% | -41.31% | 157.44% | 786.85% | 346.8% | 121.31% | 119.1% | -88.31% | -79.97% | -80.3% | -90.68% | -40.71% | -5.82% | 91.89% | 129.28% | 351.55% | 628.94% | 632.96% |
| FCF per Share | 1.92 | 2.04 | 4.66 | 3.46 | 6.45 | 8.96 | 12.01 | 5.90 | 2.50 | 1.01 | 2.69 | 2.67 | 1.15 | 8.64 | 13.43 | 13.53 | 12.27 | 14.59 | 14.28 | 7.07 |
| FCF Conversion (FCF/Net Income) | -3.05x | 7.87x | 5.11x | 19.36x | 2.89x | 2.05x | 1.33x | 2.09x | 3.61x | -1.09x | -0.15x | -1.61x | -2.92x | 2.58x | 1.44x | 1.28x | 0.97x | 1.18x | 1.37x | 1.33x |
| 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 |