Darling Ingredients Inc. (DAR) 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 | 152.96M | 440.61M | 224.34M | 145.81M | 248.96M | 154.4M | 274.47M | 146.52M | 263.91M | 216.97M | 276.59M | 217.27M | 188.43M | 175.3M | 277.4M | 208.84M | 152.19M | 252.37M | 154.11M | 159.13M |
| Operating CF Margin % | 9.86% | 25.63% | 14.37% | 9.85% | 18.08% | 10.89% | 19.3% | 10.07% | 18.58% | 13.44% | 17.02% | 12.36% | 10.52% | 9.91% | 15.87% | 12.66% | 11.14% | 19.26% | 13% | 13.28% |
| Operating CF Growth % | -38.56% | 185.38% | -18.26% | -0.49% | -5.66% | -28.84% | -0.77% | -32.57% | 40.06% | 23.77% | -0.29% | 4.04% | 23.81% | -30.54% | 80% | 31.24% | 9.64% | 63.62% | -25.46% | -30.54% |
| Net Income | 134.31M | 56.94M | 61.01M | 14.27M | -23.81M | 103.78M | 19.11M | 81.36M | 81.59M | 87.26M | 128.08M | 255.2M | 189.85M | 159.23M | 192.3M | 204.83M | 190.73M | 157.6M | 148.21M | 198.07M |
| Depreciation & Amortization | 130.91M | 139.54M | -244.9M | 121.06M | 123.83M | 128.16M | 123.55M | 124.61M | 127.51M | 137.93M | 125.99M | 122.09M | 116.01M | 117.38M | 104.98M | 93.11M | 79.25M | 80.81M | 77.83M | 79.22M |
| Stock-Based Compensation | 0 | 0 | -1.65M | 4.58M | -2.93M | -3.87M | 1.19M | 10.75M | 12.84M | 6.11M | 8.96M | 6.23M | 11.85M | 6.12M | 5.51M | 7.05M | 6.32M | 3.42M | 4.4M | 5.6M |
| Deferred Taxes | 24.79M | -37.17M | 28.23M | -18.73M | -9.5M | -66.4M | -35.06M | -54.35M | -30.57M | -4.05M | -52.39M | 19.25M | 14.96M | 4.61M | 6.45M | 11.85M | 23.83M | 29.54M | 17.7M | 37.76M |
| Other Non-Cash Items | -97.89M | 283.1M | 386.62M | 16.05M | 164.98M | 21.57M | 126.97M | -84.12M | -104.65M | 9.6M | 5.79M | -121.5M | -101.76M | -104.29M | -15.78M | -66.02M | -72.69M | -72.72M | -54.24M | -124.68M |
| Working Capital Changes | -39.16M | -1.8M | -4.96M | 8.57M | -3.61M | -28.85M | 38.7M | 68.27M | 177.2M | -19.87M | 60.15M | -63.99M | -42.48M | -7.75M | -16.06M | -41.97M | -75.24M | 53.73M | -39.78M | -36.84M |
| Change in Receivables | 7.51M | -52.85M | -7.15M | 7.53M | -383K | -46.09M | 13.26M | 31.42M | 181.24M | -36.56M | 1.33M | 9.66M | 14.73M | -11.09M | 1.59M | -5.73M | -41.32M | 5.87M | -50.91M | -45.63M |
| Change in Inventory | 0 | 1.08M | -14.89M | 25.64M | -10.75M | 11.95M | 28.56M | 53.39M | 69.89M | 72.28M | -393K | 3.42M | -25.73M | 10.8M | -45.77M | -52.31M | -42.89M | 24.61M | -57.54M | -12.8M |
| Change in Payables | 19.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -288.73M | -270.79M | -290.12M | -108.71M | -50.66M | -46.3M | -64.94M | -96.69M | -290.96M | -168.82M | -158.27M | -91.58M | -1.26B | -193.79M | -597.98M | -1.33B | -294.5M | -270.55M | -89.83M | -65.63M |
| Capital Expenditures | -94.77M | -156.43M | 133.95M | -70.97M | -62.98M | -73.33M | -67.41M | -97.96M | -93.78M | -174.93M | -146.25M | -122.98M | -112.84M | -135.5M | -105.64M | -79.94M | -71.72M | -82.39M | -65.57M | -65.34M |
| CapEx % of Revenue | 6.11% | 9.1% | 8.58% | 4.79% | 4.57% | 5.17% | 4.74% | 6.73% | 6.6% | 10.84% | 9% | 7% | 6.3% | 7.66% | 6.04% | 4.84% | 5.25% | 6.29% | 5.53% | 5.45% |
| Acquisitions | -3.81M | -31.76M | 40.15M | -40M | -150K | 14.59M | 175K | -6.98M | -199.94M | 5.93M | -14.1M | -27K | -1.15B | -37.3M | -524.6M | -1.25B | -223.75M | -164M | -25M | -1.72M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 4.85M | -464.22M | 2.26M | 12.47M | 12.44M | 2.29M | 8.24M | 2.76M | 178K | 2.08M | 31.43M | 10.14M | -20.99M | 32.27M | 1.19M | 974K | -24.16M | 741K | 1.44M |
| Cash from Financing | 183.05M | -171.98M | 49.85M | -30.54M | -185.23M | -166.31M | -201.03M | -80.98M | 48.77M | -25.86M | -117.93M | -152.67M | 1.17B | -4.3M | 325.32M | 1.18B | 180.91M | 18.73M | -69.23M | -89.81M |
| Debt Issued (Net) | 201.12M | -131.66M | 107.46M | 10.55M | -144.37M | -159M | -193.61M | -49.44M | 55.23M | -21.59M | -112.41M | -138.46M | 1.23B | 19.63M | 372.76M | 1.24B | 243.26M | 96.13M | -43.88M | -12.54M |
| Equity Issued (Net) | 2.56M | 0 | 34.26M | 71K | -34.33M | -5.07M | -618K | -29.19M | 437K | -18K | -1.72M | -9.15M | -43.79M | -22.47M | -37.17M | -48.7M | -17.19M | -69.78M | -22.26M | -75.66M |
| 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 | 0 | 34.67M | 0 | -34.67M | -5.08M | -618K | -29.19M | 0 | -18K | -1.72M | -9.15M | -43.79M | -22.47M | -37.17M | -48.7M | -17.19M | -69.78M | -22.26M | -75.66M |
| Other Financing | -20.63M | -40.32M | -91.86M | -41.16M | -6.54M | -2.25M | -6.81M | -2.35M | -6.91M | -4.25M | -3.8M | -5.06M | -15.33M | -1.45M | -10.26M | -11.38M | -45.16M | -7.61M | -3.1M | -1.61M |
| Net Change in Cash | 32.87M | -1.7M | -15.03M | -5.45M | 6.86M | -43.63M | -4.65M | -27.04M | 28.18M | 10.92M | 9.41M | -17.72M | 111.67M | 2.81M | 517K | 47.28M | 30.49M | 1.71M | -10.56M | 6.54M |
| Free Cash Flow | 58.19M | 284.18M | 134.23M | 74.84M | 185.98M | 81.08M | 207.06M | 48.56M | 170.13M | 42.05M | 130.34M | 94.29M | 75.58M | 39.8M | 171.76M | 128.9M | 80.47M | 169.98M | 88.54M | 93.79M |
| FCF Margin % | 3.75% | 16.53% | 8.6% | 5.06% | 13.51% | 5.72% | 14.56% | 3.34% | 11.98% | 2.61% | 8.02% | 5.36% | 4.22% | 2.25% | 9.83% | 7.81% | 5.89% | 12.98% | 7.47% | 7.82% |
| FCF Growth % | -68.71% | 250.5% | -35.17% | 54.12% | 9.31% | 92.81% | 58.86% | -48.5% | 125.09% | 5.66% | -24.12% | -26.85% | -6.08% | -76.59% | 93.99% | 37.44% | 3.56% | 188.38% | -38.96% | -43.91% |
| FCF per Share | 0.36 | 1.77 | 0.84 | 0.47 | 1.17 | 0.50 | 1.29 | 0.30 | 1.05 | 0.26 | 0.80 | 0.58 | 0.46 | 0.24 | 1.05 | 0.78 | 0.49 | 1.02 | 0.53 | 0.56 |
| FCF Conversion (FCF/Net Income) | 1.14x | 7.74x | 11.59x | 11.52x | -9.52x | 1.52x | 16.19x | 1.86x | 3.25x | 2.57x | 2.21x | 0.86x | 1.01x | 1.12x | 1.45x | 1.03x | 0.81x | 1.62x | 1.05x | 0.81x |
| Interest Paid | 0 | 0 | 16.28M | 91.27M | 24.96M | -34.5M | 0 | 92.76M | 34.5M | 0 | 0 | 0 | 21.35M | 69.85M | 0 | 0 | 2.12M | 26.02M | 2.5M | 27.15M |
| Taxes Paid | 0 | 0 | 19.43M | 22.8M | 9.22M | -33.13M | 0 | 22.71M | 33.13M | 0 | 0 | 0 | 38.96M | 24.09M | 0 | 0 | 41.42M | 9.69M | 11.44M | 9.69M |