Ferroglobe PLC (GSM) 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 | -7.34M | -6.17M | 19.25M | 13.68M | 19.37M | 32.09M | 11.11M | 2.01M | 198.04M | 28.74M | -8.73M | 23.57M | 134.78M | 119.32M | 54.97M | 164.82M | 65.91M | 21.03M | -34.68M | -3.16M |
| Operating CF Margin % | -2.11% | -1.87% | 6.18% | 3.54% | 6.31% | 8.73% | 2.56% | 0.65% | 50.54% | 7.65% | -2.09% | 5.16% | 33.62% | 26.6% | 9.27% | 19.6% | 9.21% | 3.69% | -8.08% | -0.76% |
| Operating CF Growth % | -137.87% | -119.24% | 73.21% | 582% | -90.22% | 11.65% | 227.35% | -91.49% | 46.94% | -75.91% | -115.88% | -85.7% | 104.5% | 467.43% | 258.53% | 5309.17% | 260.61% | 496.2% | -250.85% | -108.3% |
| Net Income | -7.05M | -80.95M | -12.81M | -10.45M | -66.9M | -46.43M | 18.57M | 34.35M | -2.57M | -7.16M | 44.11M | 36.06M | 25.47M | 9.14M | 98.84M | 185.06M | 150.79M | 66.32M | -97.62M | 730K |
| Depreciation & Amortization | 0 | 29.18M | 19.95M | 18.3M | 17.52M | 19.02M | 18.9M | 18.88M | 18.67M | 20.09M | 19M | 16.45M | 17.99M | 20.55M | 19.72M | 20.18M | 21.11M | 24.55M | 23.97M | 23.52M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 1.3M | 1.59M | 1.5M | 913K | 928K | 683K | 2.77M | 2.04M | 1.91M | 1.94M | 1.12M | 970K | 1.81M | 0 | 1.27M | 673K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 625K | -10.57M | 13.3M | 8.48M | -1.16M | 4.16M | 23.4M | 20.52M | 9.46M | 7.78M | 37.18M | 59.53M | 43.49M | 0 | -680K | -250K |
| Other Non-Cash Items | 11.88M | 13.63M | 9.23M | 6.04M | 9.36M | 46.31M | 1.69M | -7.27M | 10.17M | 28.7M | -190K | -68.52M | -7.07M | 32.99M | 5.85M | -10.09M | 16.48M | -15.09M | 109.9M | 6.15M |
| Working Capital Changes | -12.16M | 31.97M | 2.88M | -214K | 57.47M | 22.18M | -42.85M | -53.34M | 172M | -17.73M | -97.82M | 17.01M | 87.03M | 46.93M | -107.74M | -90.84M | -167.77M | -54.75M | -71.52M | -33.99M |
| Change in Receivables | 0 | 11.38M | 69.56M | -25.84M | 8.39M | 150.83M | -1.64M | 5.98M | 162.18M | -165.21M | -16.18M | 29.33M | 118.71M | 14.52M | 60.65M | -25.96M | -121.77M | -83.43M | -27.68M | -8.63M |
| Change in Inventory | 0 | 59.9M | -44.64M | 139K | 28.36M | 23.15M | -5.41M | -36.7M | 19.01M | -1.75M | -12.48M | 30.13M | 86.28M | 41.57M | -129.21M | -59.57M | -73.61M | -11.14M | -51.84M | -8.77M |
| Change in Payables | 0 | -79.55M | -1.63M | 39.31M | 13.19M | -19.04M | -13.68M | 17.39M | -1.93M | 0 | -22.36M | 19.17M | -73.86M | 0 | 1.66M | -10.96M | 40.07M | 12.91M | 9.14M | 16.18M |
| Cash from Investing | -17.79M | -14.09M | -19.13M | -19.6M | -23M | -4.8M | -20.39M | -24.27M | -17.48M | -23.25M | -18.63M | -22.63M | -17.29M | -14.11M | -14.83M | -13.71M | -9.13M | -7.48M | -8.17M | -2.57M |
| Capital Expenditures | -10.86M | -14.22M | -19.13M | -15.6M | -13.75M | -17.09M | -20.3M | -21.13M | -17.64M | -24.2M | -19.37M | -23.6M | -17.96M | -13.45M | -15.89M | -13.86M | -9.19M | -10.48M | -8.19M | -3.25M |
| CapEx % of Revenue | 3.12% | 4.32% | 6.14% | 4.03% | 4.48% | 4.65% | 4.68% | 6.88% | 4.5% | 6.44% | 4.65% | 5.17% | 4.48% | 3% | 2.68% | 1.65% | 1.29% | 1.84% | 1.91% | 0.78% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -6.93M | 131K | 0 | -4M | 1.87M | 12.29M | -84K | -135K | 157K | 953K | 739K | 969K | 668K | -661K | 1.05M | 140K | 68K | 3M | 21K | 671K |
| Cash from Financing | -808K | 21.48M | -13.53M | 6.36M | -2.81M | -9.86M | -16.39M | 7M | -156.26M | -33.99M | -170.98M | 19.06M | -96.24M | -19.34M | -108.93M | -14.77M | 2.58M | 8.07M | 31.95M | 27.38M |
| Debt Issued (Net) | 6.58M | 31.16M | -6.88M | 33.26M | 29.78M | -3.04M | -4.32M | 12.31M | -139M | -176.78M | -151.61M | 20.78M | -60.67M | -57.86M | -27.5M | 6.83M | -924K | -49.31M | 19.14M | 1.8M |
| Equity Issued (Net) | -20K | 0 | 0 | -1.99M | -2.7M | -1.94M | -492K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100K | -100K | 0 | 60M | 40M | 40M |
| Dividends Paid | -2.8M | -2.62M | -2.61M | -2.61M | -2.61M | -2.44M | -2.44M | -2.44M | -2.44M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -1.99M | -2.7M | -1.94M | -492K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -4.56M | -7.07M | -4.04M | -22.3M | -27.28M | -2.45M | -9.13M | -2.86M | -14.83M | 142.79M | -19.37M | -1.72M | -35.57M | 38.52M | -81.53M | -21.5M | 3.5M | -2.62M | -27.19M | -14.43M |
| Net Change in Cash | -26.59M | 1.51M | -14.07M | 5.97M | -3.69M | 12.46M | -23.68M | -15.28M | 22.12M | -28.32M | -197.21M | 18.98M | 21.25M | 86.15M | -69.72M | 130.49M | 59.36M | 19.35M | -11.05M | 21.72M |
| Free Cash Flow | -17.67M | -20.02M | 578K | -1.75M | 5.07M | 15M | -10.04M | -19.86M | 179.82M | 3.21M | -28.1M | -30K | 116.82M | 104.95M | 39.09M | 150.96M | 56.72M | 10.55M | -42.87M | -6.41M |
| FCF Margin % | -5.08% | -6.08% | 0.19% | -0.45% | 1.65% | 4.08% | -2.32% | -6.47% | 45.89% | 0.85% | -6.74% | -0.01% | 29.14% | 23.39% | 6.59% | 17.95% | 7.93% | 1.85% | -9.99% | -1.53% |
| FCF Growth % | -448.9% | -233.43% | 105.76% | 91.17% | -97.18% | 367.56% | 64.27% | -66103.33% | 53.92% | -96.94% | -171.88% | -100.02% | 105.98% | 895.01% | 191.18% | 2455.48% | 522.69% | 196% | -400.73% | -119.37% |
| FCF per Share | -0.09 | -0.11 | 0.00 | -0.01 | 0.03 | 0.08 | -0.05 | -0.11 | 0.96 | 0.02 | -0.15 | -0.00 | 0.62 | 0.56 | 0.21 | 0.80 | 0.30 | 0.06 | -0.24 | -0.04 |
| FCF Conversion (FCF/Net Income) | 1.04x | 0.08x | -1.50x | -1.31x | -0.29x | -1.14x | 0.59x | -0.03x | -97.85x | -2.59x | -0.21x | 0.74x | 6.42x | 19.25x | 0.56x | 0.89x | 0.44x | 0.41x | 0.36x | -1.66x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 2.03M | 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 |