Costamare Inc. (CMRE) 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 | 112.4M | 112.34M | 135.62M | -142.79M | 143.08M | 128.94M | 123.74M | 150.72M | 138.02M | 152.9M | 74.83M | 66.29M | 37.34M | 124.38M | 141.8M | 161.13M | 154.28M | 165.39M | 125.91M | 104M |
| Operating CF Margin % | 55.77% | 53% | 60.23% | -67.7% | 32.06% | 23.51% | 22.72% | 69.16% | 29.03% | 30.9% | 18.69% | 18.04% | 15.01% | 46.86% | 48.98% | 55.39% | 57.57% | 58.25% | 58.23% | 62.36% |
| Operating CF Growth % | -21.44% | -12.87% | 9.6% | -194.74% | 3.67% | -15.67% | 65.35% | 127.37% | 269.59% | 22.93% | -47.23% | -58.86% | -75.8% | -24.8% | 12.62% | 54.94% | 116.7% | 141.83% | 88.69% | 45.41% |
| Net Income | 81.9M | 77.84M | 99.35M | 105.16M | 100.84M | 31.92M | 78.87M | 97.95M | 102.67M | 104.35M | 60.09M | 67.39M | 148.86M | 194.18M | 115.49M | 121.99M | 123.04M | 161.15M | 115.21M | 90.62M |
| Depreciation & Amortization | 32.84M | 38.69M | 32.67M | 36.73M | 41.68M | 41.44M | 41.25M | 35.63M | 40.54M | 47.08M | 41.98M | 41.25M | 41.19M | 41.81M | 41.81M | 41.38M | 41.2M | 40.99M | 37.17M | 31.29M |
| Stock-Based Compensation | 2.53M | 2.36M | 1.78M | 1.36M | 1.47M | 1.92M | 2.35M | 2.46M | 1.7M | 1.56M | 1.44M | 1.45M | 1.41M | 1.39M | 1.34M | 1.81M | 2.55M | 1.89M | 2.32M | 1.77M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.44M | 1.7M | 0 | 0 | 0 | 0 | 0 | -30.66M | -24.2M | -27.89M |
| Other Non-Cash Items | 4.55M | -8.83M | 9.91M | -273.43M | -12.64M | 65M | 15.04M | 17.14M | -14.42M | -151.44M | 6.9M | 8.06M | -90.8M | -103.23M | 7.12M | 3.41M | -12.1M | 5.16M | 4.63M | 2.74M |
| Working Capital Changes | -9.41M | 4.64M | -8.09M | -11.25M | 11.74M | -11.34M | -13.77M | -2.94M | 7.53M | 8.98M | -32.14M | -53.55M | -63.32M | -9.77M | -23.96M | -7.45M | -406K | -13.14M | -9.21M | 5.48M |
| Change in Receivables | -5.83M | 2.17M | -1.96M | 0 | 22.02M | 8.03M | -5.38M | 470K | 8.47M | 11.94M | 8.72M | -51.01M | -10.43M | -6.24M | 5.95M | -11.06M | 6.75M | -4.19M | -11.47M | 2.82M |
| Change in Inventory | -61K | 617.82K | -566K | -2.57M | 1.6M | 3.83M | -7.27M | 4.74M | -4.29M | 5.42M | -12.14M | -13.26M | -13M | -3.03M | -1.34M | -3.52M | 1.22M | -2.89M | -4.57M | -570K |
| Change in Payables | 3M | 3.03M | -2.28M | 0 | -6.77M | -16.47M | 4.61M | -11.85M | 13.79M | -2.33M | 11.38M | 12.17M | 6.67M | 5.17M | -5.81M | 10.14M | -10.21M | 6.35M | -1.85M | 4.88M |
| Cash from Investing | -14.61M | -25.49M | -44.5M | -1.59M | 1.48M | -70.66M | 9.11M | -74.31M | 34.57M | -33.33M | -1.62M | -77.24M | 191.28M | 81.89M | -17.51M | 24.9M | -46.8M | -110.21M | -395.78M | -195.06M |
| Capital Expenditures | -86.91M | -18.52M | -104.68M | 0 | -5.81M | -104.82M | -58.82M | -10.92M | -44.35M | -76.9M | -154.26M | -36.08M | -15.09M | -5.73M | -3M | -3.58M | -49.59M | -247.1M | -394.1M | -207.9M |
| CapEx % of Revenue | 43.12% | 8.74% | 46.49% | 67.7% | 1.3% | 19.11% | 10.8% | 5.01% | 9.33% | 15.54% | 38.53% | 9.82% | 6.07% | 2.16% | 1.04% | 1.23% | 18.5% | 87.03% | 182.26% | 124.66% |
| Acquisitions | -436K | -477.4K | -436K | 0 | -424K | -228K | 380.06K | -70.5M | 70.5M | 2.42M | 3.25M | 997K | 1.03M | -14K | 0 | 0 | 14K | -8.82M | 8.82M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 72.74M | 13.61M | 41.63M | -1.59M | 7.71M | 34.39M | 67.93M | -3.8M | 78.91M | 58.52M | 558K | 27.5M | 161M | 181.64M | 278K | 18.42M | 22.76M | 176K | -10.51M | 12.84M |
| Cash from Financing | -43.08M | -83.04M | -27.14M | 54.04M | -54.44M | -156.96M | -229.71M | -79.24M | -27.96M | -101.04M | -42.77M | -158.4M | -94.6M | -110.63M | -96.34M | 14.02M | 26.9M | -8K | 219.3M | 204.2M |
| Debt Issued (Net) | -20.89M | -66.04M | -6.99M | 34.42M | -33.98M | -135.35M | -96.3M | -60.91M | -9.69M | -88M | -2.96M | -90.8M | -74.2M | -95.28M | -66.15M | 143.5M | 47.9M | 20.02M | 240.55M | 227.82M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 376K | 0 | -28.84M | -31.16M | 0 | 3.75M | -7.74M | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -21.47M | -19.59M | -19.72M | 20.03M | -20.03M | -19.67M | -18.82M | -17.83M | -17.82M | -17.7M | -17.85M | -18.34M | -17.99M | -17.77M | -18.02M | -65.25M | -18.51M | -18.5M | -18.52M | -17.13M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28.84M | -31.16M | 0 | 0 | -7.74M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -727K | 2.59M | -432K | -405K | -433K | -1.93M | -114.59M | -79.24M | -826K | -11.5M | 6.88M | -18.1M | -2.42M | -1.33M | -4.43M | -64.24M | -2.49M | -1.52M | -2.73M | -6.49M |
| Net Change in Cash | 54.7M | 2.71M | 63.98M | -350.94M | 90.12M | -98.69M | -96.86M | 1.43M | 144.62M | 19.75M | 30.44M | -169.35M | 134.03M | 95.63M | 27.95M | 200.05M | 134.39M | 55.17M | -50.57M | 113.13M |
| Free Cash Flow | 25.49M | 93.83M | 30.94M | 7.79M | 137.28M | 24.12M | 64.92M | 136.1M | 93.67M | 76M | -79.42M | 30.21M | 22.25M | 118.64M | 138.8M | 157.56M | 104.7M | -81.71M | -268.19M | -103.91M |
| FCF Margin % | 12.65% | 44.26% | 13.74% | 3.69% | 30.76% | 4.4% | 11.92% | 62.45% | 19.7% | 15.36% | -19.84% | 8.22% | 8.95% | 44.7% | 47.95% | 54.16% | 39.06% | -28.78% | -124.03% | -62.3% |
| FCF Growth % | -81.43% | 289.07% | -52.35% | -94.28% | 46.55% | -68.27% | 181.74% | 350.48% | 320.92% | -35.94% | -157.22% | -80.82% | -78.74% | 245.2% | 151.76% | 251.63% | 245.83% | -273.97% | -1132.16% | -289.18% |
| FCF per Share | 0.21 | 0.78 | 0.26 | 0.06 | 1.14 | 0.20 | 0.54 | 1.14 | 0.79 | 0.64 | -0.65 | 0.25 | 0.18 | 0.97 | 1.14 | 1.27 | 0.84 | -0.66 | -2.18 | -0.85 |
| FCF Conversion (FCF/Net Income) | 1.40x | 1.44x | 1.39x | -1.61x | 1.43x | 3.69x | 1.53x | 1.47x | 1.35x | 1.47x | 1.22x | 0.93x | 0.25x | 0.64x | 1.23x | 1.32x | 1.25x | 1.03x | 1.09x | 1.15x |
| Interest Paid | 19.96M | 0 | 22.03M | 0 | 28.85M | 36.71M | 34.47M | 0 | 35.98M | 0 | 0 | 0 | 0 | 0 | 0 | 23.31M | 18.8M | 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 |