Federal Signal Corporation (FSS) 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 | 101.3M | 97.2M | 61.1M | 59.7M | 36.7M | 90.6M | 68.8M | 40.6M | 31.3M | 103.4M | 48M | 35.9M | 7.1M | 39.4M | 10M | 15.4M | 7M | 46.7M | 15.8M | 13.3M |
| Operating CF Margin % | 16.19% | 16.28% | 11.01% | 10.57% | 7.91% | 19.19% | 14.51% | 8.28% | 7.37% | 23.06% | 10.75% | 8.11% | 1.84% | 10.06% | 2.89% | 4.2% | 2.12% | 15.49% | 5.3% | 3.97% |
| Operating CF Growth % | 176.02% | 7.28% | -11.19% | 47.04% | 17.25% | -12.38% | 43.33% | 13.09% | 340.85% | 162.44% | 380% | 133.12% | 1.43% | -15.63% | -36.71% | 15.79% | -73.08% | -17.49% | 8.22% | -77.76% |
| Net Income | 70.4M | 60.8M | 68.1M | 71.4M | 46.3M | 50M | 53.9M | 60.8M | 51.6M | 46.4M | 43.3M | 40.3M | 27.4M | 34.6M | 31.8M | 33.5M | 20.5M | 19.5M | 29.2M | 29.7M |
| Depreciation & Amortization | 23.8M | 21.6M | 20.3M | 19.9M | 18.7M | 17.6M | 16.5M | 15.8M | 15.4M | 15.3M | 15.3M | 15.5M | 14.3M | 14M | 13.6M | 13.7M | 13.4M | 13.2M | 12.7M | 12.6M |
| Stock-Based Compensation | 2.7M | 3.3M | 3.6M | 5.7M | 2.4M | 3.4M | 3.4M | 4.4M | 4.4M | 4.2M | 3.1M | 3.8M | 2M | 2.7M | 2.1M | 3M | 2.4M | 2.1M | 1.7M | 2.5M |
| Deferred Taxes | 2.3M | 5M | 8.7M | -500K | 700K | 900K | 1.7M | 1.5M | 800K | -2.3M | -200K | 2.5M | -300K | -4.5M | -2.9M | 2.9M | 300K | 0 | -8M | -500K |
| Other Non-Cash Items | -3.3M | 7M | 0 | -100K | 0 | 200K | -200K | -500K | -600K | -3.8M | -600K | -600K | -800K | -1M | 0 | 0 | 0 | 3.2M | 0 | 0 |
| Working Capital Changes | 5.4M | -500K | -39.6M | -36.7M | -31.4M | 18.5M | -6.5M | -41.4M | -40.3M | 43.6M | -12.9M | -25.6M | -35.5M | -6.4M | -34.6M | -37.7M | -29.6M | 8.7M | -19.8M | -31M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -38M | 0 | 0 | 0 | 2.5M | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -61M | 0 | 0 | 0 | -24.2M | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -51.6M | -426.6M | -7M | -6.6M | -87.7M | -48.1M | -7.8M | -15.4M | -7.6M | -8M | -4.3M | -52M | -19.4M | -49.6M | -4.1M | -11.7M | -34.3M | -104.2M | -3.2M | -4.9M |
| Capital Expenditures | -6.7M | -7.7M | -7M | -7.3M | -5.6M | -8.5M | -7.9M | -15.8M | -8.4M | -8.9M | -5.7M | -9.7M | -6M | -7.4M | -4.1M | -7.8M | -33.7M | -24.9M | -3.2M | -5M |
| CapEx % of Revenue | 1.07% | 1.29% | 1.26% | 1.29% | 1.21% | 1.8% | 1.67% | 3.22% | 1.98% | 1.98% | 1.28% | 2.19% | 1.56% | 1.89% | 1.18% | 2.13% | 10.21% | 8.26% | 1.07% | 1.49% |
| Acquisitions | -44.9M | -418.9M | 0 | 0 | -82.1M | -39.7M | 0 | 0 | 0 | 100K | 900K | -42.5M | -13.5M | -43.2M | -700K | -4.9M | -1M | -79.6M | 200K | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 700K | 0 | 100K | 100K | 400K | 800K | 800K | 500K | 200K | 100K | 1M | 700K | 1M | 400K | 300K | -200K | 100K |
| Cash from Financing | -41.7M | 338.9M | -64.6M | -46.7M | 16.9M | -23.8M | -36.7M | -25.2M | -35.3M | -76.7M | -50.4M | 26.1M | 3.1M | 21.1M | -500K | -11.2M | 26.1M | 10M | 21.4M | -9M |
| Debt Issued (Net) | -12.8M | 347.3M | -55.4M | -10.8M | 64.2M | -14.4M | -25.2M | -16.5M | -24.3M | -69.5M | -40.1M | 32.1M | 12.6M | 31.3M | 5.8M | -2.7M | 46.8M | 30.4M | 30.1M | -100K |
| Equity Issued (Net) | 100K | 2.3M | -800K | -20.1M | -18.5M | -2.3M | -4.5M | -1.8M | -4.2M | -2.6M | -4.5M | -1.6M | -3.8M | -3.2M | -500K | -2.4M | -15.1M | -14.9M | -2.9M | 300K |
| Dividends Paid | -9.2M | -8.5M | -8.5M | -8.5M | -8.6M | -7.3M | -7.3M | -7.4M | -7.3M | -6.1M | -6.1M | -6.1M | -5.5M | -5.4M | -5.5M | -5.4M | -5.5M | -5.5M | -5.5M | -5.5M |
| Share Repurchases | 0 | 0 | -800K | -21.2M | -18.5M | -2.3M | -4.5M | -1.8M | -4.2M | -2.6M | -4.5M | -1.6M | -3.8M | -3.2M | -500K | -2.5M | -15.1M | -14.9M | -3.2M | -200K |
| Other Financing | -19.8M | -2.2M | 100K | -7.3M | -20.2M | 200K | 300K | 500K | 500K | 1.5M | 300K | 1.7M | -200K | -1.6M | -300K | -700K | -100K | 0 | -300K | -3.7M |
| Net Change in Cash | 7.7M | 9.3M | -10.3M | 7.2M | -33.6M | 17.4M | 25.1M | -300K | -12.1M | 20M | -7.8M | 10.4M | -9.1M | 12M | 4.3M | -8M | -1.3M | -47.5M | 33.5M | -300K |
| Free Cash Flow | 94.6M | 89.5M | 54.1M | 52.4M | 31.1M | 82.1M | 60.9M | 24.8M | 22.9M | 94.5M | 42.3M | 26.2M | 1.1M | 32M | 5.9M | 7.6M | -26.7M | 21.8M | 12.6M | 8.3M |
| FCF Margin % | 15.12% | 14.99% | 9.75% | 9.28% | 6.71% | 17.39% | 12.84% | 5.06% | 5.39% | 21.07% | 9.48% | 5.92% | 0.29% | 8.17% | 1.7% | 2.07% | -8.09% | 7.23% | 4.22% | 2.48% |
| FCF Growth % | 204.18% | 9.01% | -11.17% | 111.29% | 35.81% | -13.12% | 43.97% | -5.34% | 1981.82% | 195.31% | 616.95% | 244.74% | 104.12% | 46.79% | -53.17% | -8.43% | -223.04% | -57.42% | 90.91% | -84.34% |
| FCF per Share | 1.54 | 1.46 | 0.88 | 0.85 | 0.50 | 1.33 | 0.99 | 0.40 | 0.37 | 1.53 | 0.69 | 0.43 | 0.02 | 0.52 | 0.10 | 0.12 | -0.43 | 0.35 | 0.20 | 0.13 |
| FCF Conversion (FCF/Net Income) | 1.44x | 1.60x | 0.90x | 0.84x | 0.79x | 1.81x | 1.28x | 0.67x | 0.61x | 2.23x | 1.11x | 0.89x | 0.26x | 1.14x | 0.31x | 0.46x | 0.34x | 2.39x | 0.54x | 0.45x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.9M | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |