Three-Statement Breakdown
FCF UP
Free cash flow rose 3.4% to $518.5M.
CASH FROM OPS
+0.4%
738
CAPITAL EXPENDITURE
-5.9%
219
FREE CASH FLOW
+3.4%
518
FCF / NET INCOME
—
—
| Cash flow | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | TTM | 8Q | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income |
|
226 | 252 | 364 | 391 | 486 | 475 | 22 | -144 | — | -238 | |
| Depreciation & amortization |
|
162 | 198 | 235 | 266 | 304 | 314 | 362 | 403 | +11.5% | 298 | |
| Stock-based comp |
|
47 | 57 | 56 | 71 | 74 | 72 | 70 | 71 | +1.7% | 83 | |
| Cash from operations |
|
441 | 481 | 547 | 761 | 620 | 684 | 735 | 738 | +0.4% | 582 | |
| Cash conversion |
NOT DISCLOSED
|
1.95× | 1.91× | 1.50× | 1.95× | 1.27× | 1.44× | 33.08× | — | — | — | |
| Capital expenditures |
|
(140) | (141) | (167) | (229) | (325) | (319) | (233) | (219) | -5.9% | (212) | |
| Free cash flow |
|
301 | 340 | 380 | 532 | 295 | 365 | 502 | 518 | +3.4% | 371 | |
| FCF margin |
|
13.3% | 13.0% | 13.0% | 15.0% | 7.4% | 8.8% | 12.4% | 12.9% | +4.3% | 9.3% | |
| Cash from investing |
|
-955 | -682 | -602 | -1,438 | -608 | -563 | -245 | -209 | — | -506 | |
| Share repurchases |
|
14 | 18 | 24 | 41 | 39 | 24 | 119 | 361 | 3.0× | 324 | |
| Debt repayment |
|
2,201 | 3,125 | 2,200 | 6,243 | 2,933 | 852 | 1,494 | 1,349 | -9.7% | 1,208 | |
| Cash from financing |
|
558 | 232 | 47 | 673 | -42 | -86 | -551 | -537 | — | -21 | |
| Net change in cash |
|
31 | 43 | -7 | 13 | -5 | 43 | -79 | 10 | — | 56 | |
| Ending cash balance |
|
195 | 238 | 228 | 241 | 234 | 277 | 195 | 214 | +9.8% | 192 | |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM502
CASH FROM OPERATIONS+3
CAPITAL EXPENDITURES+14
ROUNDING-1
TO518
No bridge for this line yet — select Free cash flow to see its QoQ walk.
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM
SRC 10-Q FILED 2026-08-05 ↗