Cadeler A/S (CDLR) 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 | 42.21M | 84.18M | 214.03M | 51.1M | 20.39M | 48.33M | 27.47M | 4.16M | 13.14M | 10.54M | 34.47M | 13.63M | 4.75M | -75.5K | -75.5K | 25.85M | 14.59M | 6.42M | 6.42M | 8.68M |
| Operating CF Margin % | 33.84% | 50.71% | 138.76% | 21.93% | 31.14% | 56.23% | 34.1% | 6.59% | 68.92% | 60.43% | 147.2% | 27.9% | 25.1% | -0.24% | -0.24% | 120.11% | 67.82% | 44.83% | 44.83% | 53.75% |
| Operating CF Growth % | 107.06% | 74.17% | 679.14% | 1128.14% | 55.16% | 358.77% | -20.3% | -69.48% | 176.84% | 14053.64% | 45752.98% | -47.25% | -67.48% | -101.18% | -101.18% | 197.83% | 68.17% | 332.05% | 332.05% | 527.28% |
| Net Income | -7.05M | 47.39M | 64.61M | 165.94M | 1.8M | 37.25M | 27.66M | 20.95M | -20.79M | -18.7M | 610K | 27.64M | 1.95M | 12.88M | 12.88M | 4.89M | 4.89M | 1.26M | 1.26M | 2.46M |
| Depreciation & Amortization | 39.13M | 33.55M | 29.11M | 25.72M | 18.82M | 23.6M | 9.91M | 13.05M | 10.03M | 9.53M | 1.45M | 6.1M | 5.96M | 6.12M | 6.12M | 5.22M | 5.22M | 4.35M | 4.35M | 3.89M |
| Stock-Based Compensation | 663K | 0 | 510K | 483K | 619K | 491K | 480K | 419K | 272K | 175K | 652K | 229K | 78K | 72K | 72K | 104K | 104K | -353.5K | -353.5K | 193K |
| Deferred Taxes | 196K | -486.3K | 133K | 2.17M | 1.64M | -342K | 489K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 11.27M | -6.65M | -585K | -1.7M | 1.95M | -424K | -1.48M | 2.1M | 1.95M | 5.59M | 1.52M | 268K | 141K | -6.57M | -6.57M | 9.66M | 858K | 4.68M | 4.68M | 2.55M |
| Working Capital Changes | -1.99M | 10.37M | 120.25M | -141.5M | -4.44M | -12.25M | -9.59M | -32.35M | 21.68M | 37.35M | 30.23M | -23.68M | -3.38M | -12.58M | -12.58M | 5.97M | 3.52M | -3.52M | -3.52M | -409.5K |
| Change in Receivables | 35.07M | -76.13M | 120.65M | -147.86M | -27.84M | -19.73M | -13.97M | -288.98M | -3.68M | 37.45M | 13.53M | -24.01M | 1.57M | -12.47M | -12.47M | 6.67M | 3.45M | -2.65M | -2.65M | -2.3M |
| Change in Inventory | -244K | -654.52K | -602K | 1.31M | -2.54M | 301K | -398K | 10.54M | -26K | -261K | -934K | 57K | -2K | 171.85K | 91K | -281.3K | -145.5K | -157.64K | -77.5K | 13.5K |
| Change in Payables | -38.85M | 21.7M | -4.47M | 18.92M | -28.91M | -7.22M | -652K | -89.16M | 16.17M | -20.12M | 4.94M | 0 | -3.1M | 0 | 0 | 4.35M | 0 | 0 | 0 | 0 |
| Cash from Investing | -90.67M | -325.58M | -258.21M | -206.49M | -466.79M | -66.65M | -253.1M | -194.12M | -101.87M | -31.34M | -7.81M | -7.59M | -7.98M | -108.6M | -53.98M | -113.41M | -58.73M | -154.53M | -76.01M | -5.68M |
| Capital Expenditures | -90.98M | -325.58M | -257.91M | -206M | -466.22M | -66.34M | -253.04M | -194.28M | -101.87M | -54.43M | -10.59M | -14.08M | -7.98M | -108.6M | -53.64M | -113.41M | -58.66M | -154.53M | -75.79M | -11.32M |
| CapEx % of Revenue | 72.94% | 196.14% | 167.2% | 88.39% | 712.06% | 77.19% | 314.08% | 307.63% | 534.37% | 312.2% | 45.23% | 28.82% | 42.23% | 342.65% | 169.25% | 527.03% | 272.6% | 1078.81% | 529.12% | 70.09% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.63M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 304K | 2.22K | -298K | -494K | -569K | -309K | -60K | 165K | 0 | 10.4M | 2.78M | 0 | 0 | 0 | -333.5K | 0 | -67.5K | 0 | -217K | 0 |
| Cash from Financing | 118.8M | 182.86M | 208.9M | 114.31M | 482.04M | -20.46M | 228.07M | 73.69M | 200.69M | 79.33M | -6.3M | -1.28M | -1.48M | 129.88M | 63.5M | 85.44M | 43.04M | 1.07M | 1.07M | 71.75M |
| Debt Issued (Net) | -31.18M | 183.23M | 221.43M | 132.84M | 486.45M | -11.62M | 237.59M | 77.75M | 49.66M | 84.63M | -259K | 103K | -103K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 174.2M | -8.87K | -67.97K | -1.72M | 0 | 623.81K | -1.28M | 88K | 154.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | -8.87K | -67.97K | -1.72M | 0 | -5.31K | -1.28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -24.21M | -352.13K | -12.46M | -16.81M | -4.41M | -9.47M | -8.23M | -4.16M | -3.83M | -5.29M | -6.04M | -1.39M | -1.38M | 129.88M | 63.5M | 85.44M | 43.04M | 1.08M | 1.07M | 71.75M |
| Net Change in Cash | 69.62M | -66.15M | 164.73M | -41.08M | 35.64M | -33.39M | -1.2M | -116.08M | 112.52M | 57.2M | 20.36M | 4.76M | -4.72M | 19.05M | -114K | -2.13M | -2.31M | -140.07M | -139.34M | 74M |
| Free Cash Flow | -48.95M | -215.24M | -44.12M | -155.39M | -446.32M | -18.36M | -225.64M | -190.13M | -88.73M | -12.3M | 23.89M | 1.17M | -3.24M | -111.4M | -53.72M | -87.57M | -44.07M | -143.2M | -69.37M | 3.72M |
| FCF Margin % | -39.25% | -129.66% | -28.6% | -66.67% | -681.68% | -21.35% | -280.06% | -301.06% | -465.45% | -70.53% | 102.02% | 2.39% | -17.12% | -351.5% | -169.49% | -406.92% | -204.79% | -999.66% | -484.29% | 23.06% |
| FCF Growth % | 89.03% | -1072.64% | 80.45% | 18.27% | -403.02% | -49.28% | -1044.6% | -16406.86% | -2641.06% | 88.96% | 144.47% | 101.33% | 92.65% | 22.2% | 22.57% | -2452.54% | -1567.95% | 46.69% | 46.97% | 158.18% |
| FCF per Share | -0.56 | -2.45 | -0.47 | -1.77 | -5.09 | -0.21 | -2.57 | -2.17 | -1.02 | -0.24 | 0.48 | 0.02 | -0.07 | -2.60 | -0.30 | -2.38 | -0.30 | -4.13 | -0.50 | 0.12 |
| FCF Conversion (FCF/Net Income) | -5.99x | 1.78x | 3.31x | 0.31x | 11.34x | 1.30x | 0.99x | 0.20x | -0.63x | -0.56x | 56.50x | 0.49x | 2.44x | -0.01x | -0.01x | 5.29x | 2.98x | 5.09x | 5.09x | 3.52x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 960K | 0 | 1.16M | 0 | 830K | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |