Galapagos N.V. (GLPG) 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 | -82.75M | -41.67M | -62.61M | -108.78M | -38.61M | -59.37M | -71.79M | -66.43M | -122.43M | -66.87M | -118.82M | -125.42M | -94.87M | -178.78M | -116.94M | -141.77M | -61.97M | -163.77M | -136.93M | -81.92M |
| Operating CF Margin % | -1276.81% | -4.63% | -87.98% | -166.62% | -51.49% | -78.64% | -119.95% | -85.31% | -196.11% | 31.97% | -98.99% | -83.64% | -161.96% | -187.95% | -85.86% | -103.02% | -45.45% | -98.07% | -213.3% | -58.61% |
| Operating CF Growth % | -114.34% | 29.81% | 12.79% | -63.75% | 68.47% | 11.21% | 39.58% | 47.03% | -29.06% | 62.6% | -1.6% | 11.53% | -53.09% | -9.17% | 14.59% | -73.06% | 48.87% | -340.64% | 24.07% | 41.88% |
| Net Income | 14.49M | 782.16M | -202.11M | -105.75M | -153.4M | 25.31M | -50.43M | 8.98M | 90.22M | 157.56M | 25.83M | 5.1M | 23.21M | -211.36M | 21.55M | -19.03M | -13.31M | 16.35M | -64.61M | -64.33M |
| Depreciation & Amortization | 0 | 0 | -36.52M | 0 | 0 | 35.4M | 0 | 18.15M | 0 | 0 | -18.57M | 18.57M | 0 | 22.15M | 5.88M | 32.46M | 5.52M | 5.59M | 8.05M | 15.98M |
| Stock-Based Compensation | 0 | 0 | -12.66M | 0 | 0 | 0 | 0 | 10.22M | 0 | 0 | -27.59M | 27.59M | 0 | 0 | 18.92M | 17.77M | 14.4M | 7.75M | 18.4M | 26.11M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.28M | 693K | 0 | 0 | 0 | 157K | -630K |
| Other Non-Cash Items | -61.8M | 3.31M | 188.88M | 54.18M | 62.54M | -109.44M | 23.84M | -85.51M | -84.46M | 58.42M | -66.71M | -149.86M | 24.17M | 88.78M | -66.69M | -66.88M | -11.27M | -12.09M | -17.17M | 14.71M |
| Working Capital Changes | -35.44M | -827.15M | -195K | -57.21M | 52.26M | -10.64M | -45.2M | -18.28M | -128.19M | -282.85M | -31.78M | -26.82M | -142.24M | -77.06M | -97.3M | -106.09M | -57.31M | -181.37M | -81.76M | -73.76M |
| Change in Receivables | 0 | 0 | -44.84M | 0 | 0 | 0 | 0 | -42.28M | 0 | 0 | 14.55M | -14.55M | 0 | 4.34M | 10.3M | 11.32M | 41.89M | -2.15M | -25.03M | 75.16M |
| Change in Inventory | 0 | 0 | -17.55M | 0 | 0 | 0 | 0 | 10.76M | 0 | 0 | -3.14M | 3.14M | 0 | -30.04M | 4.53M | -11.2M | 1.01M | -19.11M | -641K | -1.12M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.79M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 61.5M | 65.97M | 56.74M | 74.71M | 84.75M | 68.36M | 56.56M | 66.01M | 29.66M | 76.41M | 182.54M | 100.91M | -288.67M | 44.39M | -182.57M | -147.6M | -933.45M | -451.95M | 311.14M | 182.19M |
| Capital Expenditures | -123K | 0 | -2.85M | -4.16M | -5.09M | -5.42M | -4.24M | -3.32M | -3.74M | -7.98M | -3.01M | -3.8M | -4.26M | -7.54M | -4.23M | -6.4M | -9.18M | -20.3M | -14.49M | -10.93M |
| CapEx % of Revenue | 1.9% | 0.18% | 4% | 6.36% | 6.8% | 7.18% | 7.08% | 4.26% | 5.99% | -3.82% | 2.51% | 2.53% | 7.28% | 7.92% | 3.11% | 4.65% | 6.73% | 12.16% | 22.58% | 7.82% |
| Acquisitions | 2.34M | 0 | 0 | -22.19M | 31.93M | 1.26M | 0 | 0 | -1.34M | -7M | 0 | 0 | 0 | 2.5M | -92K | -115.18M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 1.32M | 65.97M | 59.59M | 23.84M | -1.66M | 72.52M | 879K | 69.33M | -2.52M | 5.03M | 185.55M | 104.71M | -21K | 216.61K | -5.83M | -11.09M | -487K | -2.01M | -1.01M | -401K |
| Cash from Financing | -510K | -405.35K | -1.26M | -600K | -1.01M | -1.6M | -1.09M | -1.06M | -1.17M | -1.19M | -2.07M | -1.55M | -190K | -2.01M | 793K | -336K | -25K | -1.44M | -964K | -1.95M |
| Debt Issued (Net) | -510K | 0 | -1.26M | -600K | -1.01M | -1.6M | -1.09M | -1.06M | -1.17M | -1.19M | -2.07M | -1.55M | -1.96M | 0 | -2.28M | -1.8M | -2.18M | -2.02M | -1.12M | -2.28M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -145.02K | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -405.35K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.77M | -1.87M | 3.08M | 1.46M | 2.16M | 578K | 153K | 325K |
| Net Change in Cash | -21.06M | 23.37M | -7.21M | -36.4M | 43.83M | 8.72M | -16.8M | -1.04M | -93.44M | 7.44M | 61.35M | -26.11M | -383.98M | 57.62M | -297.28M | -281.48M | -979.09M | -601.01M | 191.74M | 88.69M |
| Free Cash Flow | -82.87M | -43.28M | -65.46M | -112.94M | -43.86M | -64.79M | -76.1M | -69.75M | -128.7M | -74.84M | -121.83M | -129.22M | -99.15M | -186.26M | -128.7M | -149.46M | -71.63M | -186.08M | -152.43M | -93.25M |
| FCF Margin % | -1278.71% | -4.8% | -91.98% | -172.98% | -58.49% | -85.82% | -127.16% | -89.57% | -206.14% | 35.79% | -101.5% | -86.17% | -169.28% | -195.82% | -94.49% | -108.61% | -52.54% | -111.43% | -237.46% | -66.72% |
| FCF Growth % | -88.96% | 33.2% | 13.99% | -61.91% | 65.92% | 13.43% | 37.53% | 46.02% | -29.8% | 59.82% | 5.34% | 13.54% | -38.41% | -0.1% | 15.57% | -60.28% | 44.87% | -124.14% | 24.13% | 38.98% |
| FCF per Share | -1.26 | -0.66 | -0.99 | -1.72 | -0.67 | -0.97 | -1.15 | -1.06 | -1.95 | -1.13 | -1.85 | -1.96 | -1.50 | -2.83 | -1.95 | -2.27 | -1.08 | -2.80 | -2.33 | -1.42 |
| FCF Conversion (FCF/Net Income) | -5.71x | -0.05x | 0.31x | 1.03x | 0.25x | -2.35x | 1.42x | -7.39x | -1.36x | -0.42x | -4.60x | -24.59x | -4.09x | 0.86x | -5.43x | 7.45x | 4.66x | -10.02x | 2.12x | 1.27x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 97K | 0 | 69K | 0 | 0 | 257K | 528K | 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 |