Global Ship Lease, Inc. (GSL) 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 | 80.28M | 193.8M | 112.45M | 119.23M | 102.81M | 105.84M | 118.21M | 105.47M | 100.62M | 105.46M | 87.32M | 107.49M | 86.73M | 93.31M | 115.56M | 86.85M | 56.22M | 160.68M | 44.66M | 40.15M |
| Operating CF Margin % | 40.53% | 101.49% | 58.37% | 63.24% | 54.76% | 58.34% | 68.51% | 60.79% | 56.04% | 59.45% | 50.47% | 67.01% | 55.62% | 59.59% | 70.8% | 60.36% | 39.94% | 118.87% | 39.18% | 49.63% |
| Operating CF Growth % | -21.92% | 83.11% | -4.87% | 13.04% | 2.18% | 0.36% | 35.38% | -1.88% | 16.01% | 13.02% | -24.44% | 23.77% | 54.27% | -41.93% | 158.77% | 116.29% | 182.56% | 715.46% | -3.17% | 203.07% |
| Net Income | 93.83M | 102.61M | 95.02M | 95.44M | 123.39M | 92.56M | 81.15M | 88.03M | 91.89M | 67.05M | 85.07M | 77.78M | 74.6M | 75M | 92M | 55.73M | 70.19M | 68.48M | 65.3M | 32.08M |
| Depreciation & Amortization | 33.47M | 34.74M | 34.05M | 30.33M | 26.58M | 26.12M | 23.45M | 24.54M | 22.77M | 24.29M | 22.46M | 22.17M | 17.82M | 53.38M | 11.22M | 20.27M | 7M | -26.18M | -7.81M | 13.14M |
| Stock-Based Compensation | 0 | 0 | 0 | 2.12M | 2.12M | 2.12M | 2.12M | 0 | 2.3M | 2.5M | 2.5M | 2.5M | 2.67M | 2.22M | 2.22M | 2.23M | 3.43M | 1.5M | 151K | 150K |
| 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 | 1.55M | -15.12M | -1.92M | -10.43M | -41.13M | -13.55M | -5.97M | 4.27M | -1.32M | 10.24M | -7.32M | -829K | -3.62M | -35.49M | -196K | 3.67M | 864K | 28.42M | 3.04M | -7.24M |
| Working Capital Changes | -48.58M | 71.58M | -14.7M | 1.77M | -8.15M | -1.42M | 17.47M | -11.36M | -15.02M | 1.38M | -15.4M | 5.87M | -4.75M | -1.81M | 10.32M | 4.94M | -25.26M | 88.46M | -16.03M | 2.03M |
| Change in Receivables | 3.87M | -15.63M | -3.86M | -3.23M | -7.01M | 1.7M | 7.33M | -1.58M | -2.91M | 2.84M | -1.05M | 3.89M | -6.36M | -12.01M | -7.82M | -4.35M | -1.83M | -10.66M | -16.92M | -1.77M |
| Change in Inventory | -241K | -1.21M | 4.69M | -1.74M | 2.57M | -3.15M | -186K | -328K | 521K | -1.65M | -715K | -1.85M | 693K | -682K | 398K | -968K | 425K | -2.15M | -2.81M | -476K |
| Change in Payables | -5.99M | 24.2M | 809K | 7.82M | 5.92M | 0 | 11.09M | 5.95M | -6.08M | 0 | -183K | -1.09M | -7.16M | 8.25M | -1.04M | 4.84M | -5.85M | 7.11M | 1.98M | 2.92M |
| Cash from Investing | 104.61M | -154.09M | -188.75M | -9.77M | 716K | -220.85M | 17.44M | -45.84M | -5.39M | -9.82M | -10.26M | -144.38M | 476K | 2.14M | -15.78M | -8.28M | -12.42M | -56.37M | -311.62M | -110.52M |
| Capital Expenditures | -816K | -92M | -3.25M | -2.68M | -61.95M | -221.15M | -4.47M | -6.84M | -1.63M | -9.82M | -841K | -138.01M | -3.23M | -1.25M | -4.97M | -7.14M | -10.44M | -43.86M | -333.26M | -126.7M |
| CapEx % of Revenue | 0.41% | 48.18% | 1.69% | 1.42% | 32.99% | 121.89% | 2.59% | 3.94% | 0.91% | 5.54% | 0.49% | 86.04% | 2.07% | 0.8% | 3.05% | 4.96% | 7.41% | 32.45% | 292.42% | 156.59% |
| Acquisitions | 0 | 35.09M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 105.43M | -97.18M | -185.5M | -2.54M | 46.96M | 300K | 21.9M | -39M | -3.75M | 0 | -8.02M | -6.37M | 4.76M | -5.46M | -1.2M | -1.24M | -1.99M | -12.51M | 21.64M | 16.19M |
| Cash from Financing | -61.8M | -62.05M | -58.09M | -31.38M | 66.84M | -15.98M | -54.31M | -65.62M | -72.67M | -68.27M | -70.12M | 4.93M | -78.78M | -71.03M | -154.58M | 7.26M | -24.97M | -21.66M | 214.45M | 73.19M |
| Debt Issued (Net) | -36.89M | -36.89M | -36.89M | -9.38M | 86.6M | 3.11M | -33.99M | -49.98M | -52.08M | -51.08M | -51M | 28.79M | -53.06M | -49.98M | -127.96M | 35.42M | -11.08M | -7.83M | 223.04M | 64.95M |
| Equity Issued (Net) | -40K | 0 | 0 | 0 | 0 | -207K | 652K | 4.99M | -4.99M | -1.55M | -3.44M | -6.99M | -9.99M | -5.12M | -9.98M | -4.92M | 0 | -320K | 7.15M | 23.28M |
| Dividends Paid | -24.87M | -24.83M | -21.19M | -21.15M | -18.43M | -18.39M | -18.35M | -15.64M | -15.6M | -15.64M | -15.68M | -15.72M | -15.73M | -15.93M | -16.24M | -16.22M | -11.64M | -11.62M | -11.74M | -11.36M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -207K | 0 | 4.99M | -4.99M | -1.55M | -3.44M | -6.99M | -9.99M | -5.12M | -9.98M | -4.92M | 0 | 0 | -9.76M | -372K |
| Other Financing | 0 | -332K | 0 | -850K | -1.33M | -495K | -2.63M | -4.99M | 0 | 0 | 0 | -1.14M | 0 | 0 | -391K | -7.02M | -2.25M | -1.89M | -3.99M | -3.68M |
| Net Change in Cash | 131.16M | -14.07M | -126.13M | 78.08M | 170.37M | -131M | 81.33M | 1.9M | 22.56M | 27.37M | 6.94M | -31.96M | 8.43M | 24.42M | -54.79M | 85.83M | 18.82M | 82.65M | -52.51M | 2.83M |
| Free Cash Flow | 79.46M | 101.8M | 109.2M | 114.01M | 33.6M | -115.31M | 109.1M | 98.63M | 95.23M | 95.64M | 78.46M | -33.89M | 82.32M | 86.6M | 109.39M | 78.47M | 43.8M | 112.21M | -288.6M | -86.88M |
| FCF Margin % | 40.12% | 53.31% | 56.68% | 60.47% | 17.9% | -63.56% | 63.23% | 56.85% | 53.04% | 53.92% | 45.35% | -21.13% | 52.79% | 55.3% | 67.01% | 54.54% | 31.11% | 83.01% | -253.23% | -107.37% |
| FCF Growth % | 136.46% | 188.29% | 0.09% | 15.59% | -64.71% | -220.57% | 39.05% | 391.07% | 15.69% | 10.44% | -28.27% | -143.18% | 87.96% | -22.82% | 137.9% | 190.33% | 171.07% | 559.1% | -918.31% | -1089.94% |
| FCF per Share | 2.17 | 2.84 | 3.05 | 3.20 | 0.94 | -3.25 | 3.08 | 2.80 | 2.67 | 2.72 | 2.22 | -0.96 | 2.26 | 2.40 | 3.01 | 2.16 | 1.20 | 3.08 | -7.97 | -2.39 |
| FCF Conversion (FCF/Net Income) | 0.86x | 1.89x | 1.18x | 1.25x | 0.83x | 1.14x | 1.46x | 1.20x | 1.10x | 1.57x | 1.03x | 1.38x | 1.16x | 1.24x | 1.26x | 1.56x | 0.80x | 2.35x | 0.68x | 1.25x |
| Interest Paid | 0 | 0 | 0 | 11.85M | 11.21M | 12.14M | 12.65M | 0 | 15.9M | 16.98M | 17.68M | 16.88M | 16.45M | 17.02M | 9.17M | 12.71M | 12.59M | 13.24M | 11.74M | 10.08M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |