FormFactor, Inc. (FORM) 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 | 44.96M | 45.98M | 26.99M | 18.89M | 23.54M | 35.91M | 26.73M | 21.88M | 33.01M | 9.25M | 20.57M | 22.47M | 12.31M | 20.73M | 24.25M | 42.65M | 44.16M | 38.93M | 34.28M | 33.8M |
| Operating CF Margin % | 19.88% | 21.37% | 13.32% | 9.65% | 13.74% | 18.95% | 12.86% | 11.08% | 19.57% | 5.5% | 11.99% | 14.41% | 7.35% | 12.49% | 13.41% | 20.91% | 22.39% | 18.99% | 18.05% | 17.97% |
| Operating CF Growth % | 91.01% | 28.02% | 0.97% | -13.64% | -28.7% | 288.25% | 29.95% | -2.64% | 168.19% | -55.37% | -15.16% | -47.31% | -72.12% | -46.75% | -29.27% | 26.18% | 36.47% | -13.59% | -17.91% | -21.59% |
| Net Income | 20.38M | 23.22M | 15.66M | 9.09M | 6.4M | 9.71M | 18.74M | 19.39M | 21.78M | 75.85M | 4.37M | 828K | 1.34M | -13.73M | 4.35M | 30.24M | 29.87M | 25.9M | 20.5M | 17.91M |
| Depreciation & Amortization | 9.17M | 535K | 9.77M | 719K | 8.83M | 8.79M | 8.27M | 8.01M | 7.83M | 2.97M | 9.04M | 8.24M | 11.64M | 9.79M | 15.3M | 9.52M | 9.33M | 8.9M | 9.04M | 13.64M |
| Stock-Based Compensation | 8.06M | 9.87M | 9.52M | 9.39M | 9.8M | 10.21M | 8.94M | 10.21M | 10.4M | 9.28M | 10.84M | 9.2M | 9.29M | 9.46M | 8M | 6.36M | 7.52M | 7.8M | 7.92M | 6.59M |
| Deferred Taxes | 0 | 0 | 6.49M | -1.95M | -691K | 689K | -3.86M | -8.89M | -1.29M | -5.82M | -2.64M | -3.49M | -145K | 538K | -3.18M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 19.28M | 14.17M | 4.34M | 17.45M | 5.76M | 4.84M | 3.19M | 4.77M | -15.53M | -63.46M | 5.15M | 9.09M | 5.25M | 10.13M | 7.16M | 4.11M | 2.65M | 11.14M | 8.49M | 4.32M |
| Working Capital Changes | -11.94M | -1.82M | -18.78M | -15.81M | -6.56M | 1.68M | -8.54M | -11.61M | 9.82M | -9.57M | -6.18M | -1.4M | -15.07M | 4.53M | -7.38M | -7.58M | -5.22M | -14.81M | -11.67M | -8.66M |
| Change in Receivables | 0 | 7.92M | -18.5M | -15.86M | 6.29M | 11.38M | -2.47M | -17.3M | 6.47M | -15.51M | -966K | 9.1M | -15.93M | 24.37M | -3.88M | 4.56M | 966K | -10.24M | 2.35M | -4.77M |
| Change in Inventory | 0 | -6.75M | -1.54M | -2.17M | -10.2M | -686K | 6.9M | -9.54M | -4.93M | -578K | -3.03M | -7.25M | 1.38M | 4.24M | -755K | -15.19M | -17.08M | -1.32M | -9.95M | -10.48M |
| Change in Payables | 0 | -11.38M | -3.95M | -886K | 10.54M | 545K | -11.1M | -2.63M | 4.95M | 845K | -3.1M | 5.4M | -1.82M | -13.71M | 10.09M | -2.63M | 10.15M | -8.08M | 3.52M | -7.75M |
| Cash from Investing | -23.41M | -34.97M | 6.72M | -78.55M | -84.66M | -7.33M | -16.19M | -6.14M | -3.82M | 79.04M | -1.53M | -34.92M | -13.54M | -26.68M | -10.9M | -20.03M | -21.08M | -29.77M | -35.16M | -19.89M |
| Capital Expenditures | -15.19M | -11.31M | -7.5M | -66.26M | -18.58M | -7.66M | -8.94M | -8.4M | -13.44M | -9.93M | -5.92M | -20.48M | -19.7M | -26.22M | -8.91M | -14.51M | -15.61M | -15.14M | -20.03M | -17.85M |
| CapEx % of Revenue | 6.72% | 5.26% | 3.7% | 33.84% | 10.85% | 4.04% | 4.3% | 4.25% | 7.96% | 5.91% | 3.45% | 13.13% | 11.77% | 15.8% | 4.93% | 7.12% | 7.91% | 7.39% | 10.54% | 9.49% |
| Acquisitions | 76K | -20.58M | 0 | 103K | -67.16M | 0 | 0 | 310K | 21.27M | 101.78M | 0 | 0 | 0 | -2.89M | -229K | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | -1.5M | 0 | 0 | 0 | 0 | 0 | 0 | -21.29M | 0 | -4.12M | -17.99M | 0 | 0 | 0 |
| Cash from Financing | -1.2M | -4.07M | -2.38M | -4.21M | -2.96M | -18.36M | -26.83M | -4.93M | -14.49M | -21.4M | -5.36M | -329K | 4.38M | -10.97M | -27.7M | -51.25M | -6.02M | -10.33M | -4.95M | -28.15M |
| Debt Issued (Net) | -281K | -280K | -277K | -276K | -273K | -272K | -269K | -268K | -266K | -264K | -262K | -260K | -259K | -1.98M | -2.04M | -2.15M | -2.23M | -2.29M | -2.31M | -2.36M |
| Equity Issued (Net) | 5.84M | 0 | 2.88M | -2.45M | 21.58M | -16.09M | -12.14M | -2.94M | 4.95M | 0 | 3.8M | 0 | 5.02M | -8.85M | 4.81M | 0 | -3.71M | 6K | 4.74M | 422K |
| 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 | -1.66M | -2.45M | 0 | -16.09M | -16.94M | -2.94M | 0 | 0 | 0 | 0 | 0 | -8.85M | 0 | 0 | -9.4M | 0 | 0 | 0 |
| Other Financing | -6.75M | -3.79M | -4.99M | -1.49M | -24.27M | -1.99M | -14.42M | -1.73M | -19.17M | -21.14M | -8.89M | -69K | -387K | -141K | -30.47M | -49.1M | -72K | -8.05M | -7.38M | -26.21M |
| Net Change in Cash | 20.04M | 5.66M | 30.21M | -62.4M | -63.91M | 6.72M | -13.46M | 9.57M | 13.11M | 67.56M | 12.32M | -14.46M | 2.87M | -13.73M | -16.59M | -30.96M | 15.92M | -2.13M | -6.49M | -14.34M |
| Free Cash Flow | -11.94M | 34.66M | 19.49M | -47.36M | 4.96M | 28.25M | 17.79M | 13.48M | 19.58M | -683K | 14.65M | 2M | -7.39M | -5.49M | 15.34M | 28.14M | 28.55M | 23.78M | 14.25M | 15.95M |
| FCF Margin % | -5.28% | 16.11% | 9.61% | -24.19% | 2.89% | 14.91% | 8.56% | 6.83% | 11.6% | -0.41% | 8.54% | 1.28% | -4.41% | -3.31% | 8.48% | 13.8% | 14.48% | 11.6% | 7.5% | 8.48% |
| FCF Growth % | -340.95% | 22.7% | 9.52% | -451.36% | -74.69% | 4236.16% | 21.41% | 575.35% | 364.83% | 87.56% | -4.47% | -92.91% | -125.89% | -123.09% | 7.63% | 76.43% | 51.16% | -23.45% | -61.08% | -13.4% |
| FCF per Share | -0.15 | 0.44 | 0.25 | -0.61 | 0.06 | 0.36 | 0.23 | 0.17 | 0.25 | -0.01 | 0.19 | 0.03 | -0.10 | -0.07 | 0.20 | 0.36 | 0.36 | 0.30 | 0.18 | 0.20 |
| FCF Conversion (FCF/Net Income) | 2.21x | 1.98x | 1.72x | 2.08x | 3.68x | 3.70x | 1.43x | 1.13x | 1.52x | 0.12x | 4.71x | 27.14x | 9.17x | -1.51x | 5.57x | 1.41x | 1.48x | 1.50x | 1.67x | 1.89x |
| Interest Paid | 0 | 0 | 89K | 95K | 92K | 93K | 97K | 101K | 100K | 105K | 105K | 106K | 106K | 80K | 161K | 131K | 163K | 147K | 157K | 166K |
| Taxes Paid | 0 | 0 | 2.17M | 3.62M | 1.83M | 2.47M | 6.19M | 5.5M | 1.42M | 5.32M | 2.64M | 2.04M | 7.39M | 1.01M | 3.44M | 5.58M | 890K | 1.16M | 2.24M | 3.52M |