W.W. Grainger, Inc. (GWW) 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 | 739M | 395M | 597M | 377M | 646M | 428M | 611M | 411M | 661M | 604M | 523M | 450M | 454M | 360M | 380M | 250M | 343M | 213M | 161M | 269M |
| Operating CF Margin % | 15.58% | 8.93% | 12.82% | 8.28% | 15% | 10.11% | 13.92% | 9.53% | 15.61% | 15.11% | 12.43% | 10.76% | 11.1% | 9.47% | 9.64% | 6.52% | 9.4% | 6.34% | 4.77% | 8.39% |
| Operating CF Growth % | 14.4% | -7.71% | -2.29% | -8.27% | -2.27% | -29.14% | 16.83% | -8.67% | 45.59% | 67.78% | 37.63% | 80% | 32.36% | 69.01% | 136.02% | -7.06% | 16.67% | -36.61% | -48.23% | 15.95% |
| Net Income | 581M | 479M | 196M | 508M | 500M | 497M | 505M | 490M | 497M | 412M | 493M | 490M | 508M | 397M | 442M | 389M | 385M | 301M | 315M | 243M |
| Depreciation & Amortization | 62M | 64M | 65M | 64M | 61M | 62M | 59M | 60M | 56M | 52M | 55M | 52M | 50M | 58M | 52M | 55M | 52M | 48M | 45M | 49M |
| Stock-Based Compensation | 14M | 15M | 14M | 23M | 12M | 14M | 14M | 23M | 11M | 13M | 18M | 19M | 12M | 10M | 11M | 18M | 9M | 9M | 8M | 17M |
| Deferred Taxes | 0 | 0 | 0 | 5M | -4M | -32M | 9M | 17M | -2M | -29M | 3M | 7M | 10M | -12M | 5M | 8M | 7M | 34M | 1M | 3M |
| Other Non-Cash Items | 34M | 2M | 385M | 27M | 27M | 28M | 26M | 26M | 27M | 105M | 20M | 26M | 21M | -2M | 4M | 6M | 4M | 3M | 5M | 5M |
| Working Capital Changes | 48M | -165M | -63M | -250M | 50M | -141M | -2M | -205M | 72M | 51M | -66M | -144M | -147M | -91M | -134M | -226M | -114M | -182M | -213M | -48M |
| Change in Receivables | -303M | 62M | -40M | -84M | -128M | 73M | 22M | -42M | -163M | 253M | -48M | -141M | -162M | 51M | -89M | -135M | -263M | -26M | -118M | -59M |
| Change in Inventory | 5M | -120M | -8M | -25M | 6M | -163M | 15M | -5M | 76M | -58M | 14M | 24M | 4M | -159M | -104M | -84M | -65M | -88M | -86M | -30M |
| Change in Payables | 253M | -142M | -46M | 77M | 154M | -79M | -85M | -18M | 202M | -120M | -92M | 94M | 53M | -36M | -2M | 35M | 228M | -113M | -11M | 93M |
| Cash from Investing | -178M | -102M | -260M | -158M | -125M | -258M | -85M | -59M | -118M | -115M | -116M | -95M | -96M | -51M | -40M | -115M | -57M | -46M | -50M | -72M |
| Capital Expenditures | -170M | -126M | -258M | -175M | -125M | -258M | -88M | -76M | -119M | -127M | -125M | -95M | -98M | -48M | -45M | -106M | -57M | -58M | -50M | -74M |
| CapEx % of Revenue | 3.58% | 2.85% | 5.54% | 3.84% | 2.9% | 6.09% | 2.01% | 1.76% | 2.81% | 3.18% | 2.97% | 2.27% | 2.4% | 1.26% | 1.14% | 2.76% | 1.56% | 1.73% | 1.48% | 2.31% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -8M | 24M | -2M | 17M | 0 | 0 | 3M | 17M | 1M | 12M | 9M | 0 | 2M | -3M | 5M | -9M | 0 | 12M | 0 | 2M |
| Cash from Financing | -446M | -226M | -398M | -303M | -898M | -565M | 148M | -372M | -391M | -439M | -318M | -297M | -224M | -304M | -280M | -229M | -159M | -249M | -327M | -213M |
| Debt Issued (Net) | -76M | 123M | 27M | 61M | -501M | -1M | 479M | 2M | -16M | 0 | -18M | 0 | -12M | 15M | 1M | 0 | 0 | 0 | 0 | -8M |
| Equity Issued (Net) | -231M | -247M | -291M | -226M | -281M | -462M | -227M | -244M | -268M | -344M | -193M | -171M | -142M | -220M | -184M | -120M | -79M | -170M | -242M | -108M |
| Dividends Paid | -108M | -109M | -133M | -110M | -115M | -100M | -115M | -101M | -105M | -92M | -106M | -107M | -87M | -85M | -102M | -99M | -84M | -96M | -85M | -95M |
| Share Repurchases | -237M | -247M | -291M | -226M | -281M | -462M | -227M | -244M | -268M | -344M | -193M | -171M | -142M | -220M | -184M | -120M | -79M | -170M | -242M | -108M |
| Other Financing | -31M | 7M | -1M | -28M | -1M | -2M | 11M | -29M | -2M | -3M | -1M | -19M | 17M | -14M | 5M | -10M | 4M | 17M | 0 | -2M |
| Net Change in Cash | 110M | 50M | -62M | -69M | -370M | -412M | 679M | -35M | 144M | 59M | 86M | 54M | 136M | 10M | 53M | -102M | 123M | -87M | -219M | -15M |
| Free Cash Flow | 569M | 269M | 339M | 202M | 521M | 170M | 523M | 335M | 542M | 477M | 398M | 355M | 356M | 312M | 335M | 144M | 286M | 155M | 111M | 195M |
| FCF Margin % | 12% | 6.08% | 7.28% | 4.44% | 12.1% | 4.02% | 11.92% | 7.77% | 12.8% | 11.93% | 9.46% | 8.49% | 8.7% | 8.21% | 8.5% | 3.75% | 7.84% | 4.61% | 3.29% | 6.08% |
| FCF Growth % | 9.21% | 58.24% | -35.18% | -39.7% | -3.87% | -64.36% | 31.41% | -5.63% | 52.25% | 52.88% | 18.81% | 146.53% | 24.48% | 101.29% | 201.8% | -26.15% | 29.41% | -46.74% | -55.95% | 3.17% |
| FCF per Share | 12.00 | 5.65 | 7.05 | 4.19 | 10.79 | 3.49 | 10.70 | 6.81 | 10.97 | 9.60 | 7.94 | 7.06 | 7.05 | 6.15 | 6.56 | 2.81 | 5.56 | 3.00 | 2.13 | 3.71 |
| FCF Conversion (FCF/Net Income) | 1.33x | 0.88x | 2.03x | 0.78x | 1.35x | 0.90x | 1.26x | 0.87x | 1.38x | 1.53x | 1.10x | 0.96x | 0.93x | 0.94x | 0.89x | 0.67x | 0.94x | 0.75x | 0.54x | 1.20x |
| 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 |