Emerald Holding, Inc. (EEX) 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 | 28.7M | 12.3M | 1.8M | 15.5M | 10.9M | 20.6M | 9.1M | 9.8M | 7.3M | 15.6M | 8.5M | 6.3M | 8.3M | -24M | 153.5M | 12.2M | 33M | 53.8M | 9.6M | 25M |
| Operating CF Margin % | 18.47% | 9.27% | 2.32% | 14.69% | 7.38% | 19.29% | 12.53% | 11.4% | 5.47% | 15.37% | 11.72% | 7.28% | 6.79% | -25.64% | 245.99% | 17.09% | 33.5% | 130.9% | 12.55% | 166.67% |
| Operating CF Growth % | 163.3% | -40.29% | -80.22% | 58.16% | 49.32% | 32.05% | 7.06% | 55.56% | -12.05% | 165% | -94.46% | -48.36% | -74.85% | -144.61% | 1498.96% | -51.2% | 1962.5% | 860.71% | 147.76% | 179.62% |
| Net Income | 7.2M | 500K | -14.4M | -1.4M | 15.3M | 5.1M | -11.1M | -2.8M | 10.8M | -17.9M | 10.7M | -8.1M | 7.1M | 14.2M | 38.3M | -700K | 16.1M | -8.9M | -9M | -46.5M |
| Depreciation & Amortization | 8.1M | -6.4M | 8.7M | 7.6M | 6.4M | 7.1M | 7.1M | 7M | 7.1M | 9.8M | 8.8M | 13.5M | 14.2M | 17.4M | 15.6M | 14.8M | 15.1M | 12.4M | 13M | 12.9M |
| Stock-Based Compensation | 2.9M | -8.5M | 2.9M | 0 | 0 | 1.1M | 700K | 1.5M | 0 | 1.9M | 2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 100K | 900K | 400K | 2.5M | -900K | -800K | 100K | 100K | 2.4M | 700K | -200K | -200K | 1M | -200K | 300K | 400K | -200K | -800K | -1.5M | 1.9M |
| Other Non-Cash Items | 19.4M | 35.8M | 6.8M | 4.6M | 5.6M | 2.2M | 8.3M | -500K | 6.1M | 2.8M | -100K | 3.1M | 2.2M | -11.7M | 53.1M | -14.7M | 14.8M | 42.7M | 3.8M | 4.3M |
| Working Capital Changes | -9M | -10M | -2.6M | 2.2M | -15.5M | 5.9M | 4M | 4.5M | -19.1M | 18.3M | -12.7M | -2M | -16.2M | -43.7M | 46.2M | 12.4M | -12.8M | 8.4M | 3.3M | 52.4M |
| Change in Receivables | -31.7M | -4.9M | 11.8M | 33.5M | -34.7M | 3.8M | 7.9M | 28.5M | -36.2M | -6.4M | 13.3M | 12.6M | -28.1M | 7.9M | -3.2M | 10.2M | -39.8M | -7.3M | 2.6M | 18.5M |
| 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 | 7.3M | -200K | -7.8M | -10.9M | 16.5M | -5.4M | -3.4M | -13.1M | 14M | 400K | -3.8M | -4.6M | -3M | -8.1M | -500K | 10.1M | 9.8M | -800K | 19.4M | 5.4M |
| Cash from Investing | -1.8M | -2.1M | -53M | -126.7M | -21.4M | -2.2M | -5.9M | -2.8M | -14.1M | -2.1M | -3M | -2.7M | -13.2M | -2.8M | 38.2M | -80.1M | -3.2M | -120.8M | -1.8M | -8.3M |
| Capital Expenditures | -200K | 200K | -2.2M | -2.1M | -1.8M | -2.2M | -2.4M | -2.7M | -2.5M | -2.1M | -3M | -2.7M | -3.7M | -2.8M | -2.6M | -1.7M | -3.2M | -2.5M | -1.8M | -1.3M |
| CapEx % of Revenue | 0.13% | 0.15% | 2.84% | 1.99% | 1.22% | 2.06% | 3.31% | 3.14% | 1.87% | 2.07% | 4.14% | 3.12% | 3.03% | 2.99% | 4.17% | 2.38% | 3.25% | 6.08% | 2.35% | 8.67% |
| Acquisitions | -300K | 19.6M | -50.8M | -124.6M | -19.6M | 0 | -3.5M | -100K | -11.6M | 0 | 0 | 0 | -9.5M | 0 | -9.2M | -28.4M | 0 | -118.3M | 0 | -7M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1.3M | -21.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50M | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -5.8M | -5.4M | -8.1M | -9.8M | 92.5M | -12.5M | -7.5M | -600K | -10.6M | -9.6M | -9.9M | -16.2M | -16.9M | -100.2M | -7.3M | -4.8M | -6.6M | -5.4M | -7M | -7.5M |
| Debt Issued (Net) | -1.3M | -1.3M | -1.3M | 0 | 105.9M | -1.1M | -1M | -1M | -1.1M | -1.1M | -1M | 0 | 0 | -100M | -1.4M | -1.4M | -1.4M | -1.5M | -1.4M | -1.4M |
| Equity Issued (Net) | 0 | -1.2M | -1M | -6.8M | -10M | -8.4M | -3.4M | 400K | -900K | 100K | 0 | -12.5M | -16.9M | -200K | -5.9M | -3.3M | -900K | -1.7M | -5.6M | -4.1M |
| Dividends Paid | 0 | -2.9M | -3M | -3M | -3M | -3M | -3.1M | 0 | -8.6M | -8.6M | -8.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -1.3M | -500K | -6.9M | -8.8M | -8.4M | -3.6M | 0 | -1.8M | 0 | 0 | 0 | -16.9M | -200K | -5.9M | -3.4M | -900K | -1.7M | -5.6M | -4.2M |
| Other Financing | -4.5M | 0 | -2.8M | 0 | -400K | 0 | 0 | 0 | 0 | 0 | -300K | -3.7M | 0 | 0 | 0 | -100K | -4.3M | -2.2M | 0 | -2M |
| Net Change in Cash | 20.2M | 5.5M | -61M | -120.4M | 82M | 5.9M | -4.3M | 6.4M | -17.4M | 3.9M | -4.4M | -12.6M | -21.8M | -27.1M | 84.5M | -72.7M | 23.2M | -72.4M | 800K | 9.2M |
| Free Cash Flow | 28.5M | 11.7M | 1.5M | 15.4M | 10.7M | 19.9M | 9M | 9.6M | 7M | 15.5M | 5.5M | 6.1M | 8M | -24.3M | 153.1M | 12.1M | 32M | 53.3M | 9.2M | 24.8M |
| FCF Margin % | 18.34% | 8.82% | 1.94% | 14.6% | 7.24% | 18.63% | 12.4% | 11.16% | 5.25% | 15.27% | 7.59% | 7.05% | 6.54% | -25.96% | 245.35% | 16.95% | 32.49% | 129.68% | 12.03% | 165.33% |
| FCF Growth % | 166.36% | -41.21% | -83.33% | 60.42% | 52.86% | 28.39% | 63.64% | 57.38% | -12.5% | 163.79% | -96.41% | -49.59% | -75% | -145.59% | 1564.13% | -51.21% | 2566.67% | 851.79% | 145.54% | 178.23% |
| FCF per Share | 0.14 | 0.06 | 0.01 | 0.08 | 0.05 | 0.10 | 0.04 | 0.06 | 0.11 | 0.25 | 0.09 | 0.10 | 0.12 | -0.36 | 2.23 | 0.17 | 0.46 | 0.76 | 0.13 | 0.34 |
| FCF Conversion (FCF/Net Income) | 3.99x | -0.41x | -0.13x | -11.07x | 0.71x | 4.04x | -0.82x | -3.50x | 0.68x | -0.87x | 0.79x | -0.78x | 1.17x | -1.69x | 4.01x | -17.43x | 2.05x | -6.04x | -1.07x | -0.54x |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |