Instacart (Maplebear Inc.) (CART) 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 | Q1'21 |
|---|
| Cash from Operations | 268M | 184M | 287M | 203M | 298M | 153M | 185M | 244M | 105M | 233M | 111M | 172M | 70M | 49M | 129M | 69M | 30M | -60M | -60M | -42M |
| Operating CF Margin % | 26.3% | 18.55% | 30.56% | 22.21% | 33.22% | 17.33% | 21.71% | 29.65% | 12.8% | 29.02% | 14.53% | 24.02% | 9.22% | 6.47% | 19.31% | 11.11% | 5.94% | -12.63% | -12.63% | -9.5% |
| Operating CF Growth % | -10.07% | 20.26% | 55.14% | -16.8% | 183.81% | -34.33% | 66.67% | 41.86% | 50% | 375.51% | -13.95% | 149.28% | - | - | - | - | 171.43% | - | - | - |
| Net Income | 144M | 81M | 144M | 116M | 106M | 148M | 118M | 61M | 130M | 135M | -2B | 114M | 128M | 466M | 36M | 8M | -82M | -41.5M | -41.5M | 5M |
| Depreciation & Amortization | 30M | 27M | 27M | 23M | 22M | 19M | 18M | 15M | 15M | 13M | 15M | 15M | 14M | 14M | 11M | 11M | 10M | 7M | 7M | 5M |
| Stock-Based Compensation | 0 | 0 | 81M | 106M | 66M | 86M | 69M | 136M | 9M | 142M | 2.6B | 4M | 5M | 10M | 10M | 6M | 7M | 5M | 5M | 6M |
| Deferred Taxes | 38M | 32M | 67M | 1M | -2M | 4M | 28M | -14M | 41M | -65M | -412M | 12M | 6M | -373M | 0 | 1M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 92M | 105M | 15M | 6M | 10M | 5M | 4M | 5M | 9M | 4M | 13M | -4M | 6M | 6M | 15M | 1M | 2M | 32.5M | 32.5M | 16.5M |
| Working Capital Changes | -36M | -61M | -47M | -49M | 96M | -109M | -52M | 41M | -99M | 4M | -111M | 31M | -89M | -74M | 57M | 42M | 93M | -63M | -63M | -74.5M |
| Change in Receivables | 28M | -86M | -4M | -67M | 36M | -73M | -63M | 24M | -73M | -16M | -86M | 80M | -11M | -143M | 0 | -7M | 129M | -110M | -110M | -49M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -22M | -8M | 9M | -9M | -3M | 11M | 13M | 9M | -25M | 15M | 10M | 13M | -54M | 25M | 0 | 0 | -9M | 0 | 0 | 0 |
| Cash from Investing | -8M | -45M | -7M | -157M | 1M | -81M | -26M | -13M | 13M | -11M | 57M | 47M | 42M | 47M | 2M | 39M | 29M | -93M | -93M | -72M |
| Capital Expenditures | -16M | -12M | -15M | -16M | -18M | -12M | -14M | -24M | -15M | -18M | -16M | -13M | -9M | -3M | -8M | -9M | -6M | -3M | -3M | -3.5M |
| CapEx % of Revenue | 1.57% | 1.21% | 1.6% | 1.75% | 2.01% | 1.36% | 1.64% | 2.92% | 1.83% | 2.24% | 2.09% | 1.82% | 1.19% | 0.4% | 1.2% | 1.45% | 1.19% | 0.63% | 0.63% | 0.79% |
| Acquisitions | 0 | -1M | 0 | -105M | 0 | 0 | 0 | 0 | 0 | -5M | -73M | -60M | 0 | 0 | -93M | -46M | 0 | -27M | -27M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -4M | 0 | 0 | 0 | 0 | 3M | 0 | 0 | 5M | 73M | 60M | 0 | 0 | 0 | 46M | 0 | -63M | -63M | -68.5M |
| Cash from Financing | -328M | -1.15B | -70M | -129M | -46M | -57M | -301M | -305M | -750M | -36M | 7M | 0 | -1M | 11M | -58M | 3M | 90M | -1.5M | -1.5M | 233.5M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -356M | -1.11B | -60M | -119M | -85M | -1M | -357M | -325M | -715M | -39M | 576M | 0 | 0 | 14M | 0 | 0 | 1000K | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -359M | -1.11B | -62M | -121M | -89M | -5M | -357M | -325M | -715M | -36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 28M | -32M | -10M | -10M | 39M | -56M | 56M | 20M | -35M | 3M | -569M | 0 | -1M | -3M | -58M | 3M | 55M | -1.5M | -1.5M | 233.5M |
| Net Change in Cash | -68M | -1.82B | 205M | -77M | 254M | 8M | -140M | -76M | -636M | 189M | 172M | 222M | 111M | 108M | 66M | 109M | 151M | -156M | -156M | 120.5M |
| Free Cash Flow | 252M | 172M | 272M | 187M | 280M | 141M | 171M | 221M | 90M | 215M | 95M | 159M | 61M | 46M | 121M | 60M | 24M | -63M | -63M | -45.5M |
| FCF Margin % | 24.73% | 17.34% | 28.97% | 20.46% | 31.22% | 15.97% | 20.07% | 26.85% | 10.98% | 26.77% | 12.43% | 22.21% | 8.04% | 6.08% | 18.11% | 9.66% | 4.75% | -13.26% | -13.26% | -10.29% |
| FCF Growth % | -10% | 21.99% | 59.06% | -15.38% | 211.11% | -34.42% | 80% | 38.99% | 47.54% | 367.39% | -21.49% | 165% | - | - | - | - | 152.75% | - | - | - |
| FCF per Share | 0.99 | 0.65 | 0.96 | 0.66 | 1.01 | 0.50 | 0.61 | 0.77 | 0.34 | 0.77 | 0.34 | 0.57 | 0.22 | 0.17 | 0.44 | 0.22 | 0.34 | -0.93 | -0.93 | -0.71 |
| FCF Conversion (FCF/Net Income) | 1.86x | 2.27x | 1.99x | 1.75x | 2.81x | 1.03x | 1.57x | 4.00x | 0.81x | 1.73x | -0.06x | 1.51x | 0.55x | 0.11x | 3.58x | 8.63x | -0.37x | 1.45x | 1.45x | -8.40x |
| 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 | 2M | -1M | 21M | 21M | -13M | 1M | 11M | 1M | 14M | 6M | 34M | 0 | 0 | 1M | 0 | 0 | 0 | 0 | 0 |