Expeditors International of Washington, Inc. (EXPD) 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 | 309.23M | 283.3M | 201.37M | 179.21M | 342.62M | 249.72M | 89.97M | 126.77M | 256.9M | 158.35M | 189.98M | 158.45M | 546.41M | 486.7M | 670.38M | 558.65M | 413.95M | 305M | 177.37M | 30.47M |
| Operating CF Margin % | 11.11% | 9.92% | 6.96% | 6.76% | 12.85% | 8.45% | 3% | 5.2% | 11.64% | 6.95% | 8.67% | 7.07% | 21.08% | 14.14% | 15.37% | 12.14% | 8.87% | 5.65% | 4.11% | 0.84% |
| Operating CF Growth % | -9.74% | 13.45% | 123.81% | 41.37% | 33.37% | 57.7% | -52.64% | -19.99% | -52.98% | -67.46% | -71.66% | -71.64% | 32% | 59.58% | 277.96% | 1733.37% | 16.36% | 115.25% | 9.76% | -83.68% |
| Net Income | 230.04M | 200.95M | 223.08M | 183.92M | 204.1M | 235.88M | 229.93M | 175.47M | 169.15M | 158.72M | 170.84M | 195.79M | 226M | 214.74M | 414.16M | 382.23M | 349.48M | 454.01M | 359.91M | 316.97M |
| Depreciation & Amortization | 13.88M | 14.07M | 14.25M | 13.85M | 14.6M | 15.18M | 15.77M | 14.98M | 15.16M | 21.39M | 15.61M | 15.51M | 15.26M | 14.92M | 15.19M | 14.25M | 12.97M | 12.9M | 12.75M | 12.68M |
| Stock-Based Compensation | 12.82M | 12.37M | 18.05M | 27.27M | 11.55M | 10.56M | 9.76M | 25.7M | 12.37M | 11.44M | 15.88M | 18.59M | 12.49M | 13.1M | 14.18M | 25.52M | 11.6M | 12.09M | 15.2M | 30.91M |
| Deferred Taxes | 0 | -4.7M | -1.56M | -7.52M | 76K | 542K | -1.06M | -6.92M | 2.29M | -14.97M | -6.42M | -3.56M | 2.04M | -18.31M | -3.07M | -8.62M | -3.24M | -6.03M | -7.66M | 1.85M |
| Other Non-Cash Items | -2.85M | 7.72M | 12.98M | 5.53M | 3.05M | 843K | -420K | 3.21M | 2.38M | 4.12M | 4.08M | 2.4M | 2.23M | 2.24M | 7M | 3.02M | 39K | 3.78M | 4.37M | 1.44M |
| Working Capital Changes | 55.34M | 52.89M | -65.42M | -43.82M | 109.24M | -13.29M | -164.01M | -85.68M | 54.3M | -22.33M | -10.02M | -70.28M | 288.4M | 260.01M | 222.93M | 142.25M | 43.09M | -171.74M | -207.2M | -333.37M |
| Change in Receivables | -49.51M | 29.46M | -47.51M | -57.98M | 108.15M | 116.18M | -301.17M | -286.08M | -60.54M | -55.48M | -53.72M | 174.32M | 508.61M | 711.98M | 634.42M | 378.29M | -132.35M | -491.83M | -714.3M | -410.78M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.02M | -93.82M | 0 | 0 | 0 | 0 | 0 | 25.84M | 33.38M | -47.99M |
| Change in Payables | 68.35M | -6.13M | -16.75M | 61.88M | -18.42M | -143.51M | 107.53M | 211.69M | 83.59M | 11.64M | 40.92M | -149.99M | -202.92M | -454.22M | -350.92M | -133.17M | 140.19M | 272.28M | 436.34M | 100.12M |
| Cash from Investing | -12.48M | -5.68M | -10.17M | -15.85M | -13M | -10.05M | -12.52M | -7.88M | -10.08M | -10.62M | -7.98M | -11.28M | -9.55M | -18.57M | -16.52M | -38.29M | -14.33M | -11.79M | -10.03M | -6.4M |
| Capital Expenditures | -12.61M | -12.98M | -11.1M | -15.88M | -13.15M | -10.05M | -12.29M | -7.94M | -10.18M | -10.71M | -7.99M | -10.48M | -10.13M | -18.33M | -15.93M | -38.16M | -14.41M | -11.45M | -9.87M | -6.54M |
| CapEx % of Revenue | 0.45% | 0.45% | 0.38% | 0.6% | 0.49% | 0.34% | 0.41% | 0.33% | 0.46% | 0.47% | 0.36% | 0.47% | 0.39% | 0.53% | 0.37% | 0.83% | 0.31% | 0.21% | 0.23% | 0.18% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 130K | 7.29M | 924K | 24K | 156K | 5K | -225K | 66K | 97K | 90K | 10K | -794K | 575K | -245K | -590K | -134K | 79K | -345K | -157K | 138K |
| Cash from Financing | -289.83M | -147.02M | -149.61M | -339.88M | -165.97M | -366.65M | -76.33M | -207.39M | -374.92M | -289.13M | -229.35M | -791.52M | -226.57M | -636.99M | -428.82M | -636.49M | 17.76M | -380.29M | -13.79M | -152.04M |
| Debt Issued (Net) | 2.86M | -5.99M | 1.99M | 92K | 195K | -14.52M | 10.45M | 1.26M | -17.24M | 739K | 6.91M | 1.31M | -14.91M | 24.52M | -21.12M | 28.57M | 19.49M | -56K | 7.48M | 174K |
| Equity Issued (Net) | -292.04M | -37.73M | -151.11M | -225.98M | -164.31M | -250.68M | -86.78M | -95.85M | -352.5M | -189.01M | -236.26M | -678.51M | -204.21M | -556.14M | -407.16M | -543.38M | 5.75M | -282.86M | -19.63M | -39.76M |
| Dividends Paid | 0 | -103.3M | 0 | -104.14M | 0 | -101.45M | 0 | -102.64M | 0 | -99.77M | 0 | -102.26M | 0 | -103.97M | 0 | -109.83M | 0 | -97.38M | 0 | -98.39M |
| Share Repurchases | -295.17M | -46.54M | -212.29M | -231.12M | -177.35M | -252.21M | -140.03M | -102.3M | -360.52M | -193.59M | -298.1M | -687.69M | -213.5M | -563.8M | -469.04M | -549.07M | 0 | -289.53M | -76.59M | -62.47M |
| Other Financing | -650K | -8K | -491K | -9.84M | -1.85M | 0 | 0 | -10.16M | -5.18M | -1.09M | 0 | -12.06M | -7.45M | -1.4M | -543K | -11.85M | -7.48M | 0 | -1.64M | -13.89M |
| Net Change in Cash | 2.21M | 124.12M | 34.01M | -162.36M | 170.2M | -144.85M | 21.32M | -98.6M | -142.43M | -126.55M | -59.16M | -652.21M | 316.66M | -120.4M | 177.56M | -162.66M | 410.93M | -91.41M | 145.99M | -119.27M |
| Free Cash Flow | 296.62M | 270.32M | 190.27M | 163.34M | 329.47M | 239.66M | 77.68M | 118.83M | 246.72M | 147.64M | 181.99M | 147.97M | 536.29M | 468.37M | 654.46M | 520.49M | 399.53M | 293.55M | 167.5M | 23.93M |
| FCF Margin % | 10.66% | 9.47% | 6.57% | 6.16% | 12.36% | 8.11% | 2.59% | 4.87% | 11.18% | 6.48% | 8.31% | 6.61% | 20.69% | 13.61% | 15% | 11.31% | 8.57% | 5.44% | 3.88% | 0.66% |
| FCF Growth % | -9.97% | 12.79% | 144.94% | 37.46% | 33.54% | 62.33% | -57.32% | -19.69% | -53.99% | -68.48% | -72.19% | -71.57% | 34.23% | 59.55% | 290.72% | 2074.86% | 15.02% | 123.12% | 9.89% | -85.46% |
| FCF per Share | 2.21 | 2.01 | 1.39 | 1.19 | 2.38 | 1.71 | 0.55 | 0.84 | 1.71 | 1.01 | 1.23 | 0.98 | 3.45 | 2.95 | 4.01 | 3.13 | 2.36 | 1.72 | 0.98 | 0.14 |
| FCF Conversion (FCF/Net Income) | 1.35x | 1.41x | 0.91x | 0.98x | 1.68x | 1.06x | 0.39x | 0.72x | 1.52x | 1.00x | 1.11x | 0.81x | 2.42x | 2.22x | 1.62x | 1.48x | 1.20x | 0.67x | 0.49x | 0.10x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 35.52M | 0 | 53.53M | 125.28M | 40.62M | -196.65M | 63.05M | 96.74M | 36.86M | 50.32M | 61.6M | 173.67M | 70.79M | 100.82M | 150.96M | 236.79M | 77.96M | 147.4M | 104.62M | 143.96M |