Bread Financial Holdings, Inc. (BFH) 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 | 487M | 568M | 605M | 526M | 393M | 479M | 456M | 477M | 447M | 617M | 629M | 343M | 398M | 497M | 608M | 246M | 497M | 335M | 475M | 216M |
| Operating CF Margin % | 40.21% | 48.38% | 51.23% | 45.78% | 32.89% | 41.44% | 37.29% | 40.42% | 36.08% | 49.16% | 50.32% | 29.65% | 26.31% | 40.47% | 54.14% | 24.38% | 49.11% | 443.71% | 55.82% | 28.27% |
| Operating CF Growth % | 23.92% | 18.58% | 32.68% | 10.27% | -12.08% | -22.37% | -27.5% | 39.07% | 12.31% | 24.14% | 3.45% | 39.43% | -19.92% | 48.36% | 28% | 13.89% | -3.91% | -15% | 12.8% | -56.36% |
| Net Income | 181M | 54M | 188M | 138M | 138M | 7M | 2M | 134M | 134M | 43M | 172M | 48M | 455M | -134M | 134M | 13M | 210M | 17.6M | 223M | 273.5M |
| Depreciation & Amortization | 19M | 19M | 19M | 21M | 21M | 22M | 22M | 23M | 23M | 24M | 23M | 35M | 34M | 33M | 29M | 30M | 21M | 25.8M | 31M | 31.5M |
| Stock-Based Compensation | 15M | 15M | 13M | 15M | 13M | 13M | 13M | 13M | 15M | 12M | 10M | 13M | 9M | 9M | 8M | 9M | 7M | 4.4M | 9M | 9.2M |
| Deferred Taxes | 12M | -5M | 78M | -6M | 23M | -21M | -19M | 11M | -56M | -33M | -5M | -11M | -19M | -108M | -35M | -54M | -48M | -35M | -2M | 47.9M |
| Other Non-Cash Items | 333M | 446M | 320M | 302M | 319M | 444M | 483M | 306M | 357M | 525M | 352M | 357M | -85M | 730M | 348M | 457M | 236M | 388.6M | 183M | 13.7M |
| Working Capital Changes | -73M | 39M | -13M | 56M | -121M | 14M | -45M | -10M | -26M | 46M | 77M | -99M | 4M | -33M | 124M | -209M | 71M | -66.4M | 31M | -159.8M |
| 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 | 317M | -1.5B | -338M | -221M | 691M | -1.35B | -569M | 31M | 720M | -1.79B | -281M | -281M | 3.14B | -3.62B | -591M | -1.21B | 310M | -2.07B | -154M | -474.4M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | -3M | -9M | -17M | -21M | -10M | -6M | -11M | -15M | -11M | -23M | -20M | -25.2M | -24M | -22.7M |
| CapEx % of Revenue | - | - | 0.68% | - | - | - | 0.25% | 0.76% | 1.37% | 1.67% | 0.8% | 0.52% | 0.73% | 1.22% | 0.98% | 2.28% | 1.98% | 33.38% | 2.82% | 2.97% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 16.34B | 16.98B | 15.87B | 15.84B | 15.91B | 16.92B | 16.02B | 15.84B | 16.19B | 17.26B | 15.96B | 15.99B | 16.06B | 19.13B | 16.27B | 16B | 15.25B | 15.86B | 0 | 0 |
| Other Investing | 321M | -1.5B | -339M | -217M | 692M | -1.35B | -563M | 47M | 746M | -1.76B | -260M | -261M | 3.16B | -3.6B | -582M | -1.19B | 336M | -1.97B | -139M | -448.9M |
| Cash from Financing | -475M | 784M | -306M | -723M | -562M | 1.11B | -488M | -244M | -975M | 1.4B | -304M | -343M | -3.83B | 3.44B | -106M | 1.02B | -1.1B | 1.76B | 208M | 376M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -153M | -123M | -40M | -47M | -103M | -44M | 0 | 0 | -11M | 0 | -35M | 0 | 0 | 0 | 0 | 0 | -12M | 0 | 0 | 0 |
| Dividends Paid | -14M | -11M | -9M | -10M | -12M | -11M | -10M | -11M | -11M | -10M | -11M | -10M | -11M | -11M | -10M | -12M | -10M | -11M | -10M | -10M |
| Share Repurchases | -153M | -123M | -40M | -47M | -103M | -44M | 0 | 0 | -11M | 0 | -35M | 0 | 0 | 0 | 0 | 0 | -12M | 0 | 0 | 0 |
| Other Financing | 125M | 445M | 191M | 241M | -12M | 228M | -149M | -334M | -302M | 338M | 219M | -172M | -698M | 1.38B | 1.41B | 380M | -412M | 1.01B | 258M | -344M |
| Net Change in Cash | 329M | -151M | -39M | -418M | 522M | 243M | -601M | 264M | 192M | 221M | 44M | -281M | -295M | 319M | -89M | 63M | -289M | 32.4M | 524M | 120.2M |
| Free Cash Flow | 487M | 568M | 597M | 526M | 393M | 479M | 482M | 468M | 430M | 596M | 619M | 343M | 387M | 482M | 597M | 223M | 477M | 309.8M | 451M | 193.3M |
| FCF Margin % | 40.21% | 48.38% | 50.55% | 45.78% | 32.89% | 41.44% | 39.41% | 39.66% | 34.71% | 47.49% | 49.52% | 29.65% | 25.58% | 39.25% | 53.16% | 22.1% | 47.13% | 410.33% | 53% | 25.3% |
| FCF Growth % | 23.92% | 18.58% | 23.86% | 12.39% | -8.6% | -19.63% | -22.13% | 36.44% | 11.11% | 23.65% | 3.69% | 53.81% | -18.87% | 55.58% | 32.37% | 15.36% | -5.54% | -18.04% | 10.19% | -60.11% |
| FCF per Share | 11.27 | 12.35 | 12.57 | 11.14 | 7.92 | 9.50 | 9.45 | 9.32 | 8.65 | 12.02 | 12.36 | 6.82 | 7.72 | 9.66 | 11.96 | 4.47 | 9.54 | 6.20 | 9.02 | 3.87 |
| FCF Conversion (FCF/Net Income) | 2.69x | 10.72x | 3.22x | 3.78x | 2.85x | 68.43x | 228.00x | 3.59x | 3.34x | 14.35x | 3.68x | 7.15x | 0.87x | -3.71x | 4.54x | 20.50x | 2.37x | 19.03x | 2.12x | 0.79x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 922M | 0 | 0 | 0 | 861M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 64.4M | 88.6M | 100.6M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 77.8M | 73.9M | 152.8M |