Federated Hermes, Inc. (FHI) 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 | 28.85M | 161.2M | 103.06M | 18.79M | 14.3M | 126.7M | 117.15M | 88.67M | 14.03M | 129.63M | 105.64M | 71.14M | 5.42M | 132.41M | 112.02M | 98.76M | -19.25M | 69.43M | 46.01M | 84.96M |
| Operating CF Margin % | 6.02% | 33.09% | 21.95% | 4.42% | 3.38% | 29.83% | 28.68% | 22.03% | 3.54% | 33.11% | 26.23% | 16.42% | 1.42% | 35.41% | 29.39% | 26.98% | -5.93% | 21.58% | 14.09% | 27.32% |
| Operating CF Growth % | 101.75% | 27.23% | -12.03% | -78.81% | 1.91% | -2.26% | 10.9% | 24.64% | 158.87% | -2.1% | -5.7% | -27.96% | 128.16% | 90.72% | 143.49% | 16.24% | 35.87% | -46.51% | -48.92% | -31.56% |
| Net Income | 95.95M | 102.24M | 106.09M | 96.69M | 103.88M | 83.85M | 90.34M | 21.03M | 75.01M | 78.58M | 74.27M | 73M | 71.47M | 61.63M | 67.57M | 50.76M | 54.6M | 71M | 73.49M | 53.48M |
| Depreciation & Amortization | 5.25M | 5.57M | 5.63M | 5.64M | 5.42M | 5.56M | 5.71M | 5.53M | 5.63M | 6.02M | 6.09M | 6.7M | 8.02M | 6.89M | 6.77M | 6.96M | 7.46M | 7.37M | 7.64M | 7.53M |
| Stock-Based Compensation | 12.27M | 0 | 5.67M | 6.39M | 11.12M | 6.04M | 6.17M | 6.3M | 10.27M | 6.78M | 7.49M | 9M | 10.68M | 7.18M | 8.9M | 9.43M | 9.99M | 8.87M | 8.86M | 10.28M |
| Deferred Taxes | 1.21M | 0 | 20.8M | -1.38M | 531K | -3.78M | -6.53M | -7.28M | 2.65M | 8.24M | -2.61M | -1.3M | -76K | -11.75M | -4.81M | -4.5M | 2.34M | -462K | 817K | 15.08M |
| Other Non-Cash Items | -85.83M | -624K | -76.56M | -79.52M | -16.1M | -8.78M | -20.8M | 52M | 54K | -3.48M | -9.36M | -9.49M | -16.05M | 27.38M | 23.84M | 8.6M | -19.26M | -51.75M | -65.24M | -20.27M |
| Working Capital Changes | 0 | 54.78M | 41.43M | -9.04M | -90.54M | 43.81M | 42.25M | 11.1M | -79.58M | 33.49M | 29.76M | -6.77M | -68.62M | 41.08M | 9.74M | 27.52M | -74.38M | 34.41M | 20.44M | 18.88M |
| Change in Receivables | 0 | 12.5M | -2.96M | 5.45M | -10.96M | 8.73M | 1.22M | 4.41M | 2.98M | 3.41M | 9.65M | -25.4M | -15.23M | -8.9M | 4.53M | -9.83M | 9.84M | 2.75M | -3.02M | 191K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -53.39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -103.14M | 46.94M | 38.05M | 22.16M | -101.22M | 37.4M | 34.81M | 30.89M | -93.73M | 38.57M | 22.33M | 15.35M | -61.62M | 27.65M | 30.02M | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 1.16M | 19.92M | 5.45M | -16.02M | -1.53M | 41.4M | -27.34M | 3.58M | 27.59M | -34.13M | 1.32M | 5.41M | 1.84M | -31.05M | -1.41M | 2.64M | -2.54M | -2.18M | 7.98M | 6.52M |
| Capital Expenditures | 0 | 426K | -1.43M | -786K | 0 | -505K | 3.03M | -5.98M | -569K | -2.11M | -2.08M | -2.98M | -739K | -278K | -1.21M | -1.04M | -1.85M | -2.67M | -4.5M | -1.1M |
| CapEx % of Revenue | - | 0.09% | 0.3% | 0.18% | 0.23% | 0.12% | 0.74% | 1.48% | 0.14% | 0.54% | 0.52% | 0.69% | 0.19% | 0.07% | 0.32% | 0.28% | 0.57% | 0.83% | 1.38% | 0.35% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 164.25M | 141.11M | 236.49M | 154.26M | 136.6M | 190.08M | 145.45M | 198.75M | 177.5M | 177.47M | 178.05M | 164.01M | 184.97M | 193.18M | 181.03M | 195.44M | 193.35M | 160.59M | 170.47M |
| Other Investing | -1.2M | 0 | 0 | -6M | 15.37M | 0 | -45.84M | -25.86M | -30.88M | 37.06M | -38.72M | -28.07M | -6.97M | -2.37M | -4.29M | 0 | 0 | -5.32M | 0 | 0 |
| Cash from Financing | -97.25M | -104.31M | 29.86M | -31.69M | -137.57M | -26.27M | -32.52M | -145.05M | -63.53M | -96.53M | -68.35M | -61.23M | -22.02M | -78.52M | -43.02M | -101.83M | 54.86M | -36.09M | -101.57M | -62.82M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | -77.1M | -21K | -65.52M | -120.13M | -23.45M | -28.9M | -46.24M | -39.03M | -65.05M | -64.1M | -41.35M | -6.56M | -6.92M | -6.61M | -91.27M | -113.34M | -135.92M | -14.45M | -38.9M |
| Dividends Paid | -25.95M | -26.36M | -26.36M | -26.85M | -25.3M | -25.22M | -25.57M | -110.28M | -23.73M | -24.13M | -24.7M | -25.11M | -24.15M | -24.11M | -24.14M | -24.71M | -24.95M | -26.1M | -26.33M | -26.55M |
| Share Repurchases | -64.72M | -77.1M | -21K | -65.52M | -120.13M | -23.45M | -28.9M | -46.24M | -39.03M | -65.05M | -64.1M | -41.35M | -6.56M | -6.92M | -6.61M | -91.27M | -113.34M | -135.92M | -14.45M | -38.9M |
| Other Financing | -71.3M | -853K | 56.25M | 60.68M | 7.87M | 22.4M | 21.95M | 11.47M | -766K | -7.34M | 20.45M | 5.23M | 8.7M | 2.51M | -12.27M | 14.14M | 16.5M | 4.73M | -97.94M | 7.63M |
| Net Change in Cash | -70.01M | 77.61M | 135.3M | -16.57M | -119.53M | 128.95M | 67.7M | -52.72M | -23.32M | 5.72M | 34.07M | 18.92M | -12.71M | 32.65M | 55.33M | -13.64M | 28.57M | 31.61M | -52.18M | 29.22M |
| Free Cash Flow | 28.85M | 158.47M | 101.63M | 18M | 13.33M | 126.19M | 123.7M | 82.7M | 13.46M | 127.52M | 103.55M | 68.16M | 4.68M | 132.13M | 110.81M | 97.73M | -21.1M | 66.76M | 41.51M | 83.87M |
| FCF Margin % | 6.02% | 32.53% | 21.65% | 4.24% | 3.15% | 29.72% | 30.28% | 20.54% | 3.4% | 32.57% | 25.72% | 15.73% | 1.22% | 35.34% | 29.07% | 26.7% | -6.5% | 20.76% | 12.71% | 26.96% |
| FCF Growth % | 116.46% | 25.58% | -17.84% | -78.23% | -1% | -1.04% | 19.45% | 21.32% | 187.59% | -3.49% | -6.55% | -30.25% | 122.18% | 97.93% | 166.98% | 16.52% | 34.41% | -46.53% | -52% | -30.53% |
| FCF per Share | 0.40 | 2.15 | 1.35 | 0.24 | 0.17 | 1.61 | 1.57 | 1.03 | 0.17 | 1.56 | 1.24 | 0.80 | 0.06 | 1.56 | 1.31 | 1.14 | -0.24 | 0.73 | 0.44 | 0.89 |
| FCF Conversion (FCF/Net Income) | 0.30x | 1.49x | 0.99x | 0.21x | 0.14x | 1.50x | 1.34x | 4.22x | 0.19x | 1.58x | 1.41x | 0.99x | 0.08x | 2.34x | 1.61x | 1.71x | -0.34x | 1.01x | 0.64x | 1.52x |
| 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 |