Three-Statement Breakdown
FCF UP
Free cash flow moved from -$916.0M to -$592.0M.
CASH FROM OPS
+175.9%
778
CAPITAL EXPENDITURE
+14.4%
1,370
FREE CASH FLOW
—
-592
FCF / NET INCOME
—
-2.43×
| Cash flow | 24-09 | 24-12 | 25-03 | 25-06 | 25-09 | 25-12 | 26-03 | QoQ | YoY | TTM | 8Q | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 193 | 248 | 297 | 198 | 293 | 264 | 316 | 244 | -22.8% | +23.2% | 1,117 | ||
| Depreciation & amortization | 334 | 356 | 363 | 370 | 392 | 405 | 423 | 445 | +5.2% | +20.3% | 1,665 | ||
| Cash from operations |
|
136 | 889 | 410 | 560 | 742 | 774 | 282 | 778 | +175.9% | +38.9% | 2,576 | |
| Cash conversion |
|
0.70× | 3.58× | 1.38× | 2.83× | 2.53× | 2.93× | 0.89× | 3.19× | +257.3% | +12.7% | 2.31× | |
| Capital expenditures |
|
(844) | (2,012) | (1,038) | (1,129) | (1,222) | (1,481) | (1,198) | (1,370) | +14.4% | +21.3% | (5,271) | |
| Free cash flow |
|
-708 | -1,123 | -628 | -569 | -480 | -707 | -916 | -592 | — | — | -2,695 | |
| FCF margin |
|
-38.1% | -49.6% | -21.5% | -29.3% | -24.1% | -28.2% | -30.8% | -27.5% | — | — | -28.0% | |
| Cash from investing |
|
-959 | -1,930 | -234 | -1,107 | -1,261 | -1,414 | -1,188 | -1,339 | — | — | -5,202 | |
| Dividends paid |
|
130 | 138 | 143 | 144 | 144 | 143 | 150 | 152 | +1.3% | +5.6% | 589 | |
| Debt repayment |
|
500 | 87 | 11 | 1,019 | 43 | 506 | 748 | 523 | -30.1% | -48.7% | 1,820 | |
| Cash from financing |
|
870 | 942 | 1,053 | -613 | 465 | 644 | 1,513 | -24 | — | — | 2,598 | |
| Net change in cash |
|
47 | -99 | 1,229 | -1,160 | -54 | 4 | 607 | -585 | — | — | -28 | |
| Ending cash balance |
|
112 | 24 | 1,254 | 93 | 37 | 38 | 639 | 49 | -92.3% | -47.3% | 49 | |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM-916
CASH FROM OPERATIONS+496
CAPITAL EXPENDITURES-172
TO-592
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 2026-07-28 ↗