Grifols, S.A. (GRFS) 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 | Q2'21 | Q1'21 | Q4'20 | Q3'20 | Q2'20 | Q1'20 | Q4'19 | Q3'19 | Q2'19 |
|---|
| Cash from Operations | 111.81M | 418.64M | 325.4M | 155.27M | 135.47M | 514.62M | 299.61M | 252.86M | -164.92M | 160.01M | 149.16M | 161.63M | 177.67M | 258.66M | 310.97M | 435.34M | 105.37M | 229.72M | 193.66M | 313.27M |
| Operating CF Margin % | 6.47% | 21.33% | 17.44% | 8.21% | 7.59% | 26.05% | 16.71% | 13.91% | -10.14% | 9.04% | 9.34% | 11.96% | 15% | 16.57% | 19.66% | 31.45% | 8.15% | 16.88% | 14.73% | 24.73% |
| Operating CF Growth % | -17.46% | -18.65% | 8.61% | -38.6% | 182.14% | 221.61% | 100.86% | - | - | - | - | -62.87% | 68.62% | 12.59% | 60.58% | 38.97% | 162.83% | -30.11% | 21.37% | 100.2% |
| Net Income | 74.2M | 97.33M | 126.97M | 117.06M | 59.73M | 68.97M | 51.69M | 14.84M | 21.42M | 60.81M | 55.88M | 248.3M | 129.94M | 132.86M | 158.54M | 140.76M | 186.38M | 201.74M | 55.1M | 253.93M |
| Depreciation & Amortization | 105.71M | 127.16M | 102.85M | 107.03M | 111.75M | 110.13M | 108.36M | 113.79M | 105.62M | 117.98M | 108.08M | 84.98M | 81.77M | 82.44M | 80.87M | 80.64M | 77.57M | 78.33M | 75.19M | 74.44M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 40.66M | 30.51M | 135.18M | 28.5M | 118.16M | 158.82M | 162.46M | 60.82M | -8.17M | -60.72M | 97.99M | -81.19M | -9.32M | 116.93M | 12.96M | 30.29M | -85.25M | 119.96M | 51.33M | 8.74M |
| Working Capital Changes | -108.76M | 163.63M | -39.59M | -97.33M | -154.17M | 176.7M | -22.91M | 63.41M | -283.79M | 41.94M | -112.78M | -90.46M | -24.72M | -73.58M | 58.6M | 183.65M | -73.34M | -170.31M | 12.04M | -23.85M |
| Change in Receivables | -21.35M | 95.25M | -13.34M | -77.85M | -93.34M | 67.25M | -19.47M | 51.33M | -153.68M | 16.71M | 44.23M | 0 | 42.24M | 41.84M | -5.19M | -73.42M | 1.34M | -85.71M | 39.78M | 90.8M |
| Change in Inventory | -136.2M | 19.34M | -26.26M | -30.6M | -60.83M | 99.8M | 58.9M | -2.77M | -130.11M | -89M | -137.13M | 1.08M | -66.96M | -94.83M | 8.58M | 325.56M | -74.68M | -70.73M | -43.48M | -77.31M |
| Change in Payables | 48.79M | 39.4M | 0 | 0 | 0 | 0 | -62.34M | 0 | 0 | 85.18M | -19.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.05M | -44.65M |
| Cash from Investing | -119.94M | -148.12M | -122.68M | -107.65M | -197.34M | -178.31M | -196.4M | 1.35B | -87.95M | -147.82M | -119M | -56.4M | -566.96M | -551.96M | -83.09M | -109.75M | -113.31M | -155.65M | 38.82M | -178.36M |
| Capital Expenditures | -91.48M | -130.84M | -70.05M | -60.25M | -49.15M | -100.12M | -84.25M | -30.49M | -38.05M | -109M | -78.17M | -72.83M | -51.56M | -66.91M | -77.06M | -96.64M | -60.2M | -121.89M | -72.7M | -100.34M |
| CapEx % of Revenue | 5.29% | 6.67% | 3.76% | 3.19% | 2.75% | 5.07% | 4.7% | 1.68% | 2.34% | 6.16% | 4.89% | 5.39% | 4.35% | 4.29% | 4.87% | 6.98% | 4.66% | 8.96% | 5.53% | 7.92% |
| Acquisitions | -19.31M | -2.3M | 5K | -5.17M | -97M | -1.6B | -114.35M | -118.9M | -20.22M | 46.3M | -48.7M | 12.39M | -504.64M | -449.57M | 2.79M | -3.8M | -18M | 12.37M | -10.35M | -70.74M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -9.15M | 35.16M | -52.64M | -42.23M | -51.2M | 1.52B | 2.2M | 1.5B | -29.68M | -1.17M | 7.87M | 4.04M | -10.77M | -35.48M | -8.82M | -9.31M | -35.1M | -46.12M | 49.18M | -107.62M |
| Cash from Financing | -132.14M | -74.84M | -138.76M | -181.41M | -133.65M | -27.16M | -1.56B | 59.44M | 165.46M | 40.72M | -82.07M | -83.75M | 168.86M | -133.17M | -42.81M | -68.38M | -110.04M | -92.75M | -39.41M | -144.85M |
| Debt Issued (Net) | -118.92M | 71.52M | -41.85M | -718.75M | -153.67M | -4B | -1.56B | 1.79B | 153.72M | 167.82M | -81.97M | 0 | 192.08M | -132.81M | -47.29M | -56.97M | -114.84M | 23.73M | -49.22M | -36.53M |
| Equity Issued (Net) | 0 | -127.71M | 0 | 0 | 0 | 0 | 5.82M | 0 | 0 | 0 | 34K | 0 | -23.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | -25.23M | -102.38M | 0 | 0 | -962K | 0 | -962K | 0 | 0 | 0 | 0 | 0 | -113.23M | 0 | 0 | 0 | -140.32M | -3.49M | -101.91M |
| Share Repurchases | 0 | -124.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -23.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -13.21M | 6.58M | 5.47M | 537.35M | 20.02M | 3.97B | 1.35M | -1.73B | 11.73M | -127.11M | -136K | -83.75M | 275K | 112.87M | 4.48M | -11.41M | 4.8M | 23.84M | 10.93M | -108.32M |
| Net Change in Cash | -139.08M | 203.66M | 62.27M | -194.13M | -226.96M | 334.84M | -1.47B | 1.66B | -81.03M | 72.32M | -44.41M | 16.88M | -198.67M | -453.55M | 154.79M | 240.71M | -104.28M | -50.15M | 238.44M | -23.02M |
| Free Cash Flow | 58.95M | 335.21M | 255.35M | 95.02M | 86.32M | 414.5M | 215.36M | 222.37M | -202.97M | 76.19M | 71M | 88.81M | 126.11M | 191.75M | 233.91M | 338.7M | 45.16M | 107.83M | 120.95M | 212.93M |
| FCF Margin % | 3.41% | 17.08% | 13.69% | 5.02% | 4.83% | 20.98% | 12.01% | 12.23% | -12.49% | 4.31% | 4.44% | 6.57% | 10.64% | 12.28% | 14.79% | 24.47% | 3.49% | 7.92% | 9.2% | 16.81% |
| FCF Growth % | -31.7% | -19.13% | 18.57% | -57.27% | 142.53% | 444.04% | 203.34% | - | - | - | - | -73.78% | 179.23% | 77.82% | 93.39% | 59.07% | 118.13% | -51.95% | 39.13% | 150.63% |
| FCF per Share | 0.09 | 0.49 | 0.38 | 0.14 | 0.13 | 0.61 | 0.32 | 0.30 | -0.29 | 0.11 | 0.10 | 0.13 | 0.18 | 0.28 | 0.37 | 0.51 | 0.07 | 0.16 | 0.18 | 0.31 |
| FCF Conversion (FCF/Net Income) | 1.51x | 4.30x | 2.56x | 1.33x | 2.27x | 7.46x | 5.80x | 17.04x | -7.70x | 2.86x | 2.51x | 1.18x | 1.37x | 1.63x | 0.99x | 13.66x | 0.57x | 1.14x | 1.42x | 1.82x |
| Interest Paid | 0 | 0 | 0 | 297.34M | 0 | 571.49M | 0 | 339.75M | 0 | 0 | 0 | 0 | 0 | 155.79M | 0 | 0 | 0 | 236.18M | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |