Hercules Capital Inc (HCXY) 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 | -230.63M | -55.61M | 79.41M | -144.82M | -222.2M | -29.24M | 92.56M | 59.49M | 64.84M | 130.88M | -115.36M | 133.64M | -80.87M | -64.92M | -53.17M | -118.08M | -188.62M | 99.94M | 40.91M | 38.23M |
| Operating CF Margin % | -240.42% | -35.25% | 46.9% | -113.47% | -240.46% | -28.6% | 83.54% | 70.4% | 48.62% | 83.5% | -169.86% | 98.77% | -60.28% | -64.55% | -60.82% | -545.02% | -634.66% | 248.35% | 71.33% | 33.15% |
| Operating CF Growth % | -3.8% | -90.15% | -14.2% | -343.43% | -442.67% | -122.34% | 180.23% | -55.48% | 180.18% | 301.6% | -116.96% | 213.17% | 57.12% | -164.96% | -229.97% | -408.85% | -274.11% | -56.89% | 0.86% | 220.38% |
| Net Income | 603K | 90.83M | 118.79M | 57.62M | 1.54M | 61.44M | 68.71M | 41.85M | 90.96M | 120.18M | 27.97M | 94.78M | 94.56M | 62.53M | 53.2M | -10.32M | -3.34M | 3.71M | 23.13M | 82.73M |
| Depreciation & Amortization | 45.01M | 83K | 84K | -47.79M | 25.57M | 1.82M | 1.8M | 1.85M | 186K | 23K | 59K | 64K | 44K | 44K | 1.53M | 1.25M | 1.54M | 1.64M | 68K | 93K |
| Stock-Based Compensation | 4.18M | 0 | 0 | 3.7M | 3.64M | 3.17M | 3.19M | 3.34M | 0 | 3.39M | 3.34M | 3.33M | 3.19M | 0 | 2.47M | 3.66M | 4.42M | 2.94M | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.34M | -3.33M | -3.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -256M | -155.44M | -39.65M | -173.66M | -234.42M | -96.28M | 10.95M | -1.38M | -19.39M | 29.2M | -143.56M | 23.31M | -164.57M | -135.36M | -103.21M | -132.35M | -154.66M | 81.17M | 15.83M | -53.79M |
| Working Capital Changes | -24.43M | 8.92M | 182K | 15.32M | -18.52M | 605K | 7.9M | 13.83M | -6.91M | -21.92M | 169K | 15.49M | -10.91M | 7.87M | -7.17M | 19.67M | -36.59M | 10.48M | 1.88M | 9.2M |
| Change in Receivables | -3.09M | -954K | -1.43M | -1.74M | -1.22M | -1.13M | 69K | 3.87M | -2.74M | -684K | 27K | -594K | 201K | -6.17M | -3.27M | -2.48M | -2.29M | 494K | 1.2M | 1.53M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -19K | -33K | -82.61M | -19K | -8K | -5K | -30K | -378K | -306.03M | -497K | -11K | -285K | -94K | -28K | -12K | -24K | -50K | -94K | -45K | 0 |
| Capital Expenditures | -19K | -33K | -29K | 0 | -8K | -5K | -30K | -378K | -292K | -497K | -11K | -285K | -94K | -28K | -12K | -24K | -50K | -94K | 0 | 0 |
| CapEx % of Revenue | 0.02% | 0.02% | 0.02% | 0.01% | 0.01% | 0% | 0.03% | 0.45% | 0.22% | 0.32% | 0.02% | 0.21% | 0.07% | 0.03% | 0.01% | 0.11% | 0.17% | 0.23% | - | - |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 4.72B | 4.47B | 4.31B | 4.18B | 3.92B | 3.66B | 3.56B | 3.57B | 3.57B | 3.25B | 3.26B | 3.11B | 3.13B | 2.96B | 2.83B | 2.72B | 2.59B | 2.43B | 2.51B | 2.52B |
| Other Investing | 518.91M | 0 | 0 | 653.75M | 270.22M | 0 | 0 | 0 | 0 | 552.06M | 188.9M | -44.59M | 132.88M | 0 | 0 | 0 | 0 | 0 | 629.15M | 0 |
| Cash from Financing | 216.12M | 64.6M | 397K | 143.82M | 160.1M | 101.65M | -87.43M | -80.48M | 185.46M | -51.6M | 78.57M | -138.27M | 134.04M | 25.41M | -83K | 174.33M | 114.86M | -212.94M | 184.28M | -100.84M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 49.53M | 14.86M | -986K | 148.41M | 36.69M | -1.03M | -1.09M | 1.4M | 64.57M | 100.16M | 110.77M | -10.23M | -1.38M | 40.28M | -572K | -894K | -3.27M | -710K | -754K | -716K |
| Dividends Paid | -84.42M | -82.94M | -83.64M | -80.55M | -78.87M | -77.88M | -75.5M | -75.84M | -74.25M | -71.93M | -71.48M | -66.44M | -63.83M | -66.19M | -63M | -59.07M | -56.86M | -45.41M | -44.24M | -44.09M |
| Share Repurchases | -3.37M | -1.02M | -974K | -1.03M | -3.47M | -1.03M | -1.09M | 1.4M | -2.7M | -577K | -512K | -10.23M | -1.38M | 206K | -572K | -894K | -3.27M | -710K | -744K | -323K |
| Other Financing | -4.68M | -312K | 0 | -9.14M | -6.09M | 147.94M | -1.84M | -36K | -867K | -833K | -3.72M | 65.41M | 60.25M | -680K | 42.31M | 58.94M | 80.49M | 6.95M | 0 | 390K |
| Net Change in Cash | -14.53M | 8.96M | -2.81M | -1.02M | -62.1M | 72.4M | 5.1M | -21.37M | -55.73M | 78.78M | -36.8M | -4.91M | 53.07M | -39.53M | -53.27M | 56.22M | -73.81M | -113.09M | 225.15M | -62.6M |
| Free Cash Flow | -230.63M | -55.64M | 79.38M | -144.84M | -222.21M | -29.25M | 92.53M | 59.11M | 64.55M | 130.38M | -115.38M | 133.35M | -80.97M | -64.95M | -53.19M | -118.11M | -188.67M | 99.85M | 40.87M | 38.23M |
| FCF Margin % | -240.42% | -35.27% | 46.88% | -113.48% | -240.47% | -28.61% | 83.51% | 69.96% | 48.41% | 83.18% | -169.88% | 98.56% | -60.35% | -64.58% | -60.83% | -545.14% | -634.83% | 248.12% | 71.25% | 33.15% |
| FCF Growth % | -3.79% | -90.23% | -14.21% | -345.02% | -444.23% | -122.43% | 180.19% | -55.67% | 179.72% | 300.75% | -116.93% | 212.91% | 57.09% | -165.05% | -230.15% | -408.91% | -274.12% | -56.92% | 461.81% | 221.4% |
| FCF per Share | -1.17 | -0.29 | 0.41 | -0.76 | -1.27 | -0.18 | 0.57 | 0.37 | 0.41 | 0.83 | -0.78 | 0.94 | -0.59 | -0.49 | -0.41 | -0.95 | -1.59 | 0.86 | 0.35 | 0.30 |
| FCF Conversion (FCF/Net Income) | -5.43x | -0.61x | 0.66x | -1.84x | -4.41x | -0.48x | 1.35x | 1.42x | 0.71x | 1.09x | -4.13x | 1.41x | -0.86x | -1.04x | -1.00x | 11.44x | 56.54x | 26.92x | 1.74x | 0.46x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 13.63M | 28.68M | 11.45M | 0 | 0 | 0 | 0 | 0 | 0 | 21.74M | 3.63M | 19.01M | 6.48M | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |