ASML Holding N.V. (ASML) 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 | -2.19B | 11.01B | 559.1M | 1.35B | -56.98M | 10.03B | 923.53M | 930.63M | -254.4M | 3.09B | 1.17B | 389.44M | 723.79M | 5.12B | 1.21B | 2.69B | -593.91M | 6.64B | 1.84B | 3.62B |
| Operating CF Margin % | -24.93% | 113.28% | 7.44% | 17.5% | -0.74% | 108.28% | 12.37% | 14.91% | -4.81% | 42.72% | 17.51% | 5.64% | 10.73% | 79.67% | 20.99% | 49.49% | -16.8% | 133.22% | 35.14% | 90.04% |
| Operating CF Growth % | -3735.75% | 9.75% | -39.46% | 44.63% | 77.6% | 224.44% | -20.96% | 138.97% | -135.15% | -39.65% | -3.68% | -85.51% | 221.87% | -22.87% | -34.13% | -25.76% | 38.24% | 53.21% | 939.75% | 888.47% |
| Net Income | 2.76B | 2.81B | 2.12B | 2.68B | 2.29B | 2.77B | 2.04B | 1.58B | 1.24B | 2B | 1.95B | 1.94B | 1.93B | 1.72B | 1.75B | 1.44B | 704.56M | 1.79B | 1.77B | 1.05B |
| Depreciation & Amortization | 259.4M | 252.81M | 274.6M | 375.4M | 234.63M | 248.26M | 231.81M | 228.21M | 216.53M | 207.27M | 181.78M | 180.82M | 168.02M | 173.66M | 142.14M | 133.75M | 132.75M | 125.21M | 117.97M | 114.51M |
| Stock-Based Compensation | 31.1M | 0 | 57.7M | 35.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -42.1M | 114.87M | -55.3M | 122.1M | 76.91M | -30.16M | -111.18M | 818.22K | -2.73M | -46.65M | -143.09M | 41.36M | 12.53M | -76.7M | -367.28M | -98.13M | -40.23M | -106.96M | -278.24M | -7.69M |
| Other Non-Cash Items | -32.6M | 494.77M | 60.9M | 25.5M | 64.95M | 503.26M | 109.48M | 119.75M | 112.71M | 341.51M | 131.75M | 68.95M | 55.65M | 174.22M | 119.63M | 95.69M | 26.65M | -11.04M | -38.34M | 53.49M |
| Working Capital Changes | -5.16B | 7.33B | -1.9B | -1.89B | -2.72B | 6.53B | -1.35B | -1B | -1.82B | 587.91M | -955.33M | -1.84B | -1.44B | 3.13B | -435.24M | 1.12B | -1.42B | 4.85B | 273.78M | 2.4B |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -487.6M | -984.64M | -1.93B | -987.4M | -404.21M | -1.3B | -212.1M | -437.17M | -730.78M | -575.76M | -1.13B | -545.7M | -430.66M | -339.41M | -549.85M | -150.76M | -11.86M | -501.83M | -292.43M | 1B |
| Capital Expenditures | -402.4M | -459.58M | -295.9M | -410.4M | -404.98M | -746.13M | -406.29M | -539.46M | -428M | -567.58M | -530.67M | -546.21M | -532.19M | -434.38M | -381.76M | -242.25M | -254.95M | -295.24M | -208.69M | -251.53M |
| CapEx % of Revenue | 4.59% | 4.73% | 3.94% | 5.34% | 5.23% | 8.06% | 5.44% | 8.64% | 8.09% | 7.84% | 7.95% | 7.91% | 7.89% | 6.76% | 6.61% | 4.46% | 7.21% | 5.92% | 3.98% | 6.26% |
| Acquisitions | 0 | 0 | -1.21B | 0 | 0 | 0 | 0 | 0 | 0 | -5.51M | -28.48M | 0 | 0 | 0 | 0 | 0 | 0 | 329.71M | -77.93K | 13.09M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -83.4M | -39.99M | -428.9M | -577M | 777.88K | -553.87M | 680.59K | 300.99K | 201.98K | -1.28M | -570.54M | 0 | 0 | 4.83M | -261.62M | 0 | 0 | 1.43M | -128.17M | 0 |
| Cash from Financing | -2.27B | -2.55B | -742M | -2.2B | -3.06B | -604.46M | -553.27M | -772.86M | -936.6M | -500.79M | -1.46B | -144.62M | -903.85M | -705.18M | -1.61B | -2.71B | -2.06B | -3.39B | -2.44B | -2.66B |
| Debt Issued (Net) | -692.9M | -300.65M | 14.5M | -39.5M | 400K | 23.63M | -681.8K | -299.06K | -605.95K | 973.77M | -774.22M | -710.25K | -1.48M | 480.35M | 1.12B | -523.81M | -13.68M | 0 | -2.64M | -3.26M |
| Equity Issued (Net) | -965M | -1.64B | -136.9M | -1.45B | -2.48B | 32.06M | 29.22M | -82.53M | -359.33M | -949.4M | -87.47M | 523.13M | -368.51M | -220.99M | -1.62B | -641.28M | -2.04B | -2.64B | -2.44B | -2B |
| Dividends Paid | -617M | -606.94M | -619.6M | -714.4M | -580.69M | -634.84M | -581.81M | -690.03M | -576.66M | -534.51M | -593.39M | -667.05M | -533.87M | -483.81M | -546.03M | -1.54B | 0 | -753.08M | 3.86M | -648.62M |
| Share Repurchases | -1B | -1.66B | -172.2M | -1.49B | -2.52B | -1.89M | -1.52M | -113.79M | -388.92M | 12.68M | -118.23M | -493.43M | -390.9M | -238.04M | -1.09B | -1.18B | -2.07B | -2.65B | -2.45B | -2.02B |
| Other Financing | 0 | 0 | 0 | 0 | 0 | -25.32M | 0 | 0 | 0 | 9.35M | 0 | 0 | 0 | -480.72M | -561.83M | 0 | 0 | -2.6M | 0 | 0 |
| Net Change in Cash | -4.95B | 7.78B | -2.12B | -1.85B | -3.1B | 7.37B | 356.47M | -326.03M | -2.07B | 2.24B | -1.57B | -278.77M | -491.69M | 4.34B | -1.22B | -505.13M | -605.38M | 420.04M | -986.69M | 1.97B |
| Free Cash Flow | -2.61B | 10.57B | 243.7M | 357.7M | -460.5M | 9.29B | 518.16M | 398.18M | -675.84M | 2.54B | 646.37M | -150.14M | 198.9M | 4.7B | 839.19M | 2.45B | -837.21M | 6.36B | 1.64B | 3.37B |
| FCF Margin % | -29.75% | 108.77% | 3.24% | 4.65% | -5.95% | 100.25% | 6.94% | 6.38% | -12.78% | 35.12% | 9.69% | -2.18% | 2.95% | 73.09% | 14.52% | 45.14% | -23.69% | 127.66% | 31.31% | 83.95% |
| FCF Growth % | -466.31% | 13.84% | -52.97% | -10.17% | 31.86% | 265.36% | -19.84% | 365.21% | -439.78% | -45.92% | -22.98% | -106.13% | 123.76% | -26.16% | -48.87% | -27.37% | 27.52% | 57.27% | 5723.69% | 2152.62% |
| FCF per Share | -6.76 | 27.31 | 0.63 | 0.92 | -1.17 | 23.59 | 1.32 | 1.01 | -1.72 | 6.45 | 1.64 | -0.38 | 0.50 | 11.89 | 2.12 | 6.15 | -2.09 | 15.71 | 4.02 | 8.19 |
| FCF Conversion (FCF/Net Income) | -0.79x | 3.88x | 0.26x | 0.59x | -0.02x | 3.72x | 0.44x | 0.59x | -0.21x | 1.51x | 0.62x | 0.20x | 0.37x | 2.82x | 0.71x | 1.90x | -0.85x | 3.75x | 1.06x | 3.49x |
| 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 |