Three-Statement Breakdown
FCF UP
Free cash flow moved from -$354.0M to -$258.0M.
CASH FROM OPS
+97.4%
602
CAPITAL EXPENDITURE
+30.5%
860
FREE CASH FLOW
—
-258
FCF / NET INCOME
—
-0.82×
| Cash flow | 24-09 | 24-12 | 25-03 | 25-06 | 25-09 | 25-12 | 26-03 | QoQ | YoY | TTM | 8Q | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 350 | 239 | 205 | 289 | 379 | 238 | 196 | 315 | +60.7% | +9.0% | 1,128 | ||
| Depreciation & amortization |
|
200 | 207 | 216 | 221 | 226 | 231 | 237 | 240 | +1.3% | +8.6% | 934 | |
| Cash from operations |
|
679 | 639 | 331 | 301 | 764 | 663 | 305 | 602 | +97.4% | +100.0% | 2,334 | |
| Cash conversion |
|
1.94× | 2.67× | 1.61× | 1.04× | 2.02× | 2.79× | 1.56× | 1.91× | +22.8% | +83.5% | 2.07× | |
| Capital expenditures |
|
(683) | (894) | (548) | (733) | (797) | (1,048) | (659) | (860) | +30.5% | +17.3% | (3,364) | |
| Free cash flow |
|
-4 | -255 | -217 | -432 | -33 | -385 | -354 | -258 | — | — | -1,030 | |
| FCF margin |
|
-0.3% | -21.2% | -19.1% | -34.0% | -2.3% | -30.5% | -29.4% | -19.1% | — | — | -19.6% | |
| Cash from investing |
|
-688 | -1,220 | -568 | -772 | -839 | -1,130 | 93 | -1,220 | — | — | -3,096 | |
| Dividends paid |
|
149 | 149 | 149 | 162 | 161 | 161 | 162 | 174 | +7.4% | +7.4% | 658 | |
| Debt repayment |
|
8 | 1 | 531 | 75 | 17 | 41 | 3 | 1,058 | 352.7× | 14.1× | 1,119 | |
| Cash from financing |
|
88 | 544 | 254 | 449 | 149 | 397 | -366 | 675 | — | +50.3% | 855 | |
| Net change in cash |
|
79 | -37 | 17 | -22 | 74 | -70 | 32 | 57 | +78.1% | — | 93 | |
| Ending cash balance |
|
127 | 96 | 114 | 94 | 166 | 98 | 137 | 191 | +39.4% | +103.2% | 191 | |
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-354
CASH FROM OPERATIONS+297
CAPITAL EXPENDITURES-201
TO-258
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 2026-07-29 ↗