FirstService Corporation (FSV) 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 | 88.22M | 121.42M | 126.36M | 162.83M | 41.25M | 89.04M | 77.01M | 130.59M | -8.76M | 116.16M | 82.79M | 87.39M | -303.02K | 55.98M | -9.62M | 58.97M | 1.52M | 31.95M | 31.06M | 78.5M |
| Operating CF Margin % | 6.7% | 8.64% | 8.73% | 11.5% | 3.3% | 6.52% | 5.52% | 10.07% | -0.76% | 10.76% | 7.41% | 7.8% | -0.03% | 5.49% | -1% | 6.34% | 0.18% | 3.73% | 3.66% | 9.44% |
| Operating CF Growth % | 113.87% | 36.37% | 64.08% | 24.69% | 570.85% | -23.35% | -6.97% | 49.43% | -2791.1% | 107.52% | 960.31% | 48.2% | -119.94% | 75.18% | -130.98% | -24.88% | -94.35% | -66.19% | -13.13% | -30.66% |
| Net Income | 23.62M | 39.58M | 70.89M | 55.43M | 14.08M | 31.56M | 77.76M | 35.05M | 6.28M | 6.44M | 32.24M | 45.96M | 16.12M | 38.3M | 32.26M | 34.27M | 14.26M | 30.9M | 45.3M | 36.39M |
| Depreciation & Amortization | 48.07M | 49.52M | 46.63M | 45.63M | 44.18M | 46.48M | 41.74M | 39.22M | 36.64M | 34.81M | 32.73M | 29.42M | 31.88M | 30.46M | 25.39M | 26.68M | 26.23M | 27.99M | 23.81M | 23.47M |
| Stock-Based Compensation | 0 | 0 | 6.62M | 6.56M | 7.6M | 0 | 5.7M | 0 | 6.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 13K | 0 | -830K | -771K | -819K | 0 | -2.27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 7.39M | 3.39M | -6.1M | 4.6M | 10.6M | -3.84M | -13.19M | 16.45M | 5.68M | 17.17M | 17.87M | 10.62M | 15.28M | 24.75M | 13.14M | 8.07M | 11.02M | -6.49M | 5.33M | 9.74M |
| Working Capital Changes | 9.13M | 28.94M | 9.15M | 51.39M | -34.39M | 14.84M | -32.74M | 39.87M | -64.27M | 57.75M | -43.53K | 1.4M | -63.59M | -37.54M | -80.41M | -10.05M | -49.99M | -20.45M | -43.38M | 8.91M |
| Change in Receivables | 41.38M | 40.63M | 34.65M | -24.82M | 9.99M | -22.17M | -17.34M | -22.34M | 19.91M | -18.72M | 45.16M | -74.39M | -48.59M | -68.59M | -21.21M | -2.88M | 25.14M | -7.13M | -41.84M | -46.8M |
| Change in Inventory | -20.47M | 16.73M | 1.95M | -21.04M | 19.43M | 7.98M | -26.38M | -5.3M | 3.18M | 39.23M | -18.55M | 17.19M | -14.26M | -9.09M | -38.03M | -21.39M | -3.67M | 12.91M | -11.14M | -3.45M |
| Change in Payables | -13.55M | -6.1M | -13.09M | 60.11M | -69.53M | 6.85M | 30.95M | 32.19M | -56.03M | 1.18M | -29.13M | 42.16M | -30.41M | 49.96M | -4.9M | 4.14M | -40.44M | -23.98M | 21.71M | 19.23M |
| Cash from Investing | -34.06M | -45.69M | -79.5M | -78.28M | -45.24M | -89.68M | -26.86M | -163.8M | -57.34M | -481.48M | -44.14M | -27.72M | -111.86M | -85.86M | -30.53M | -40.94M | -28.81M | -88.22M | -47.67M | -55.92M |
| Capital Expenditures | -28.43M | -32.79M | -33.66M | -33.38M | -29.56M | -32.95M | -26.56M | -29.65M | -24.91M | -26.82M | -23.11M | -22.87M | -21.48M | -24.29M | -18.77M | -19.76M | -16.79M | -15.82M | -13.9M | -15.22M |
| CapEx % of Revenue | 2.16% | 2.33% | 2.33% | 2.36% | 2.36% | 2.41% | 1.9% | 2.29% | 2.15% | 2.48% | 2.07% | 2.04% | 2.11% | 2.38% | 1.95% | 2.12% | 2.01% | 1.85% | 1.64% | 1.83% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 757K | -417.42K | -1.37M | -1.62M | -7.05M | -1.27M | 3.71M | -309.01K | 10.22M | -13.9M | -1.48M | 6.68M | -5.3M | -15.83M | -2.21M | -7.84M | -6.19M | 5.42M | -1.93M | -2.13M |
| Cash from Financing | -21.15M | -141.02M | -27M | -99.28M | 602K | 8.54M | -45.46M | 80.16M | 43.13M | 395.84M | -44.72M | -32.53M | 110.07M | 3.96M | 42.55M | -33.8M | 29.78M | 78.37M | -17.98M | 7.82M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 39.49M | 5.23M | 35.79M | 1.72M | 20.09M | 18.94M | 10.89M | 4.34M | 24.85M | 4.75M | 3.74M | 3.94M | 21.58M | 1.34M | 1.46M | 106.92K | 10.16M | 4.71M | 6.58M | -56.36K |
| Dividends Paid | -12.57M | -12.57M | -12.5M | -12.5M | -11.32M | -11.74M | -11.25M | -11.39M | -10.01M | -10.77M | -9.88M | -10.09M | -8.96M | -9.95M | -8.8M | -8.94M | -8.13M | -8M | -8.33M | -7.71M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -21.18M | -10.71M | -13.35M | -20.68M | -21.17M | -4.58M | -8.33M | -3.91M | -17.97M | -822.35K | -9.63M | -6.53M | -6.45M | -4.29M | -6.95M | -1.24M | -2.52M | -4.92M | -8.9M | -5.16M |
| Net Change in Cash | 33.19M | -65.51M | 20.64M | -15.41M | -3.41M | 7.87M | 4.54M | 47.57M | -22.78M | 28.79M | -6.07M | 25.75M | -1.93M | -24.59M | 2.4M | -14.79M | 2.24M | 22.14M | -35.55M | 30M |
| Free Cash Flow | 59.78M | 88.62M | 92.7M | 129.46M | 11.69M | 56.08M | 50.45M | 100.94M | -33.67M | 89.34M | 59.68M | 64.52M | -21.79M | 31.68M | -28.4M | 39.21M | -15.27M | 16.13M | 17.17M | 63.29M |
| FCF Margin % | 4.54% | 6.31% | 6.4% | 9.14% | 0.93% | 4.11% | 3.61% | 7.78% | -2.91% | 8.28% | 5.34% | 5.76% | -2.14% | 3.11% | -2.96% | 4.21% | -1.83% | 1.88% | 2.02% | 7.61% |
| FCF Growth % | 411.55% | 58.02% | 83.74% | 28.26% | 134.71% | -37.22% | -15.46% | 56.43% | -54.55% | 182% | 310.16% | 64.55% | -42.7% | 96.37% | -265.41% | -38.04% | -213.31% | -81.35% | -38.32% | -40.57% |
| FCF per Share | 1.30 | 1.93 | 2.02 | 2.84 | 0.26 | 1.24 | 1.11 | 2.24 | -0.75 | 1.99 | 1.33 | 1.44 | -0.49 | 0.71 | -0.64 | 0.88 | -0.34 | 0.36 | 0.39 | 1.43 |
| FCF Conversion (FCF/Net Income) | 4.41x | 3.07x | 2.21x | 3.53x | 14.72x | 2.74x | 1.27x | 3.72x | -1.39x | 18.55x | 2.54x | 1.93x | -0.02x | 1.46x | -0.28x | 1.71x | 0.11x | 1.03x | 0.68x | 2.14x |
| 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 |