Embraer S.A. (ERJ) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q1'21 | Q4'20 |
|---|
| Cash from Operations | 273.56M | -89.44M | -183.8M | 1.05B | 172M | -40.2M | -307.8M | 803.2M | 335.3M | 147.2M | -668.6M | 546.8M | 323.7M | 39M | -158.2M | 662.1M | 235.9M | 31.8M | -445.5M | 592.6M |
| Operating CF Margin % | 13.43% | -4.93% | -16.66% | 45.3% | 10.16% | -2.69% | -34.33% | 40.67% | 26.11% | 11.39% | -93.29% | 27.46% | 34.84% | 3.83% | -26.33% | 50.88% | 24.62% | 2.81% | -55.18% | 32.18% |
| Operating CF Growth % | 59.05% | -122.49% | 40.29% | 30.38% | -48.7% | -127.31% | 53.96% | 46.89% | 3.58% | 277.44% | -322.63% | -17.41% | 37.22% | 22.64% | 64.49% | 11.73% | 129.93% | 106.34% | 24.91% | -41.29% |
| Net Income | 116.73M | 79.19M | 79.8M | 38M | 181.7M | 102.5M | 28.84M | 198.8M | 64.3M | -26.1M | -72.7M | 23.1M | -41.4M | 74.1M | -30.7M | 3M | -45.7M | 89.2M | -90M | -5.5M |
| Depreciation & Amortization | 72.81M | 59.56M | 50.6M | 74M | 67.65M | 58.1M | 43.8M | 84.2M | 56.4M | 55.4M | 45.7M | 73.5M | 46.4M | 47.8M | 42.6M | 54.9M | 45.3M | 58.1M | 50.3M | 72.5M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 700K | 500K | 600K | 900K | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -30.1M | -39.14M | -103.9M | 130.6M | 62.3M | 8.9M | 600K | -31.3M | -7.1M | 25.3M | -30.5M | 34.2M | -26.2M | -44.4M | -52.9M | 58M | 7.4M | -18.5M | -8.5M | 24.3M |
| Other Non-Cash Items | 15.66M | 26.27M | -53.9M | -79.9M | 97.4M | 9.9M | -51.4M | -96.6M | -22.5M | -97.6M | -33M | 101.3M | -53.2M | 30.5M | -29.1M | -44.1M | -20.8M | -47.2M | -23M | 17.8M |
| Working Capital Changes | 98.46M | -215.32M | -156.4M | 884.5M | -237.1M | -219.6M | -333.2M | 648.1M | 244.2M | 190.2M | -578.8M | 314.2M | 397.5M | -69.9M | -88.1M | 590.3M | 249.7M | -49.8M | -374.3M | 483.5M |
| Change in Receivables | 138.37M | -208.55M | 18.9M | 36.3M | -152M | -100.8M | -31.8M | 79.4M | -37.2M | -13.2M | -63.5M | 149.8M | 4.2M | -84.2M | 4.3M | 27M | -9.9M | -82.6M | -70.9M | 20.5M |
| Change in Inventory | -77.03M | -133.51M | -568.2M | 392.6M | -97.5M | -165.4M | -499.3M | 420.1M | -158M | -82M | -467.2M | 375.3M | -271M | -150.7M | -247.9M | 330.1M | 23.4M | 151.3M | -30.4M | 805.8M |
| Change in Payables | 27.74M | 29.89M | 177.2M | -346.2M | 275.1M | 135.6M | 140.3M | -160.4M | 59.1M | 1.9M | 71.8M | -20.5M | 48M | 169.4M | 60.7M | -32.1M | 42.8M | -32.2M | 26.2M | -179.2M |
| Cash from Investing | -150.41M | -186.66M | -134.1M | -138.5M | -127M | -146M | -188.2M | -176.17M | -56.3M | -79.5M | -136.2M | -91M | -58M | 104.6M | -65.1M | -121.7M | 18.8M | 254M | -282.5M | -245.5M |
| Capital Expenditures | -145.61M | -112.4M | -78.4M | -31.1M | -68.5M | -57.9M | -42.9M | -156.21M | -58.5M | -48.6M | -41.7M | -52.2M | -33.4M | -31.9M | -18.7M | -32.1M | -35.4M | -15.4M | -18.9M | -20.2M |
| CapEx % of Revenue | 7.15% | 6.2% | 7.11% | 1.35% | 4.05% | 3.88% | 4.78% | 7.91% | 4.55% | 3.76% | 5.82% | 2.62% | 3.6% | 3.13% | 3.11% | 2.47% | 3.69% | 1.36% | 2.34% | 1.1% |
| Acquisitions | -7.91M | 8.13M | 0 | 8.79M | 1.1M | -1.6M | -13.8M | -3.71M | -200K | 0 | -17.7M | 158.2M | -300K | 158.6M | -500K | -3.9M | -200K | -400K | -100K | -4.3M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 111.75M | -140.94M | -57.1M | -1.93M | -1.4M | -65.8M | -4.2M | -59.36M | -48.9M | -31.8M | -23.3M | -197.7M | -27.9M | -25.3M | -20.8M | -48.7M | -36.9M | -33.2M | 216.3M | 153.6M |
| Cash from Financing | 300.42M | 105.2M | -432.4M | -178.1M | 67.5M | -5.4M | -219.7M | -19.4M | -603.5M | 126.7M | 147.5M | 61M | -5.8M | -245.5M | -478.9M | -298.8M | -7.5M | -60.9M | -63.4M | -162.8M |
| Debt Issued (Net) | 98.86M | 120.59M | -417.9M | -178.1M | 4.3M | -5.4M | -219.7M | -15.5M | -603.5M | 126.7M | 147.5M | 61M | -20.8M | -389.6M | -478.9M | -298.8M | -7.5M | -60.9M | -60.9M | -162.8M |
| Equity Issued (Net) | 201.57M | -203K | -14.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.5M | 0 |
| Dividends Paid | -12.37K | -8.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -203K | -14.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.5M | 0 |
| Other Financing | 0 | -6.22M | 0 | -6.16M | 63.2M | 0 | 0 | -3.9M | 0 | 0 | 0 | 0 | 15M | 144.1M | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | 393.23M | -161.19M | -750M | 738M | 108.5M | -196.2M | -713.6M | 602.4M | -326.3M | 193.8M | -659.2M | 516.2M | 260.4M | -101.8M | -697.8M | 241.8M | 245.6M | 228M | -759.9M | 182M |
| Free Cash Flow | 211.97M | -129.93M | -321.7M | 942.2M | 42.5M | -163.9M | -415.2M | 647.7M | 224.5M | 53.7M | -739.6M | 450.8M | 262.1M | -19.3M | -198.3M | 560.2M | 163.7M | -18.8M | -488.9M | 531.2M |
| FCF Margin % | 10.41% | -7.17% | -29.17% | 40.76% | 2.51% | -10.97% | -46.31% | 32.79% | 17.48% | 4.16% | -103.2% | 22.64% | 28.21% | -1.89% | -33% | 43.05% | 17.09% | -1.66% | -60.56% | 28.85% |
| FCF Growth % | 398.75% | 20.73% | 22.52% | 45.47% | -81.07% | -405.21% | 43.86% | 43.68% | -14.35% | 378.24% | -272.97% | -19.53% | 60.11% | -2.66% | 59.44% | 5.46% | 119.62% | 96.48% | 27.73% | -35.12% |
| FCF per Share | 1.16 | -0.71 | -1.75 | 5.13 | 0.23 | -0.89 | -2.26 | 3.53 | 1.22 | 0.29 | -4.18 | 2.45 | 1.43 | -0.11 | -1.08 | 3.05 | 0.89 | -0.10 | -2.66 | 2.89 |
| FCF Conversion (FCF/Net Income) | 2.34x | -1.13x | -2.50x | 22.96x | 0.96x | -0.40x | -10.72x | 4.17x | 5.50x | -7.83x | 9.44x | 23.88x | -10.72x | 0.53x | 4.99x | 315.29x | -5.24x | 0.36x | 4.97x | -179.58x |
| 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 |