Helmerich & Payne, Inc. (HP) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q2'26 | 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 |
|---|
| Cash from Operations | 36.58M | 182.43M | 206.95M | 121.6M | 56.05M | 158.36M | 168.76M | 197.39M | 143.72M | 174.8M | 214.68M | 292.75M | 140.88M | 185.38M | 117.27M | 97.75M | 22.61M | -3.72M | 46.62M | 31.02M |
| Operating CF Margin % | 3.92% | 17.94% | 20.45% | 11.68% | 5.52% | 23.38% | 24.32% | 28.29% | 20.89% | 25.81% | 32.55% | 40.44% | 18.31% | 25.76% | 18.58% | 17.76% | 4.84% | -0.91% | 13.56% | 9.34% |
| Operating CF Growth % | -34.73% | 15.2% | 22.63% | -38.4% | -61% | -9.41% | -21.39% | -32.57% | 2.02% | -5.71% | 83.06% | 199.5% | 522.97% | 5085.88% | 151.55% | 215.11% | -71.16% | 81.03% | -49.67% | -85.48% |
| Net Income | -67.06M | -83.73M | -57.36M | -161.9M | 1.25M | 54.77M | 75.48M | 0 | 84.83M | 95.17M | 78.49M | 95.28M | 163.9M | 96.43M | 44.66M | 17.48M | -4.62M | -51.33M | -79.88M | -56.7M |
| Depreciation & Amortization | 180.73M | 181.92M | 188.86M | 179.49M | 157.66M | 99.08M | 100.99M | 97.85M | 104.55M | 93.99M | 94.59M | 94.81M | 96.25M | 96.66M | 99.06M | 100.74M | 102.94M | 100.44M | 101.95M | 104.49M |
| Stock-Based Compensation | 10.39M | 9.29M | 0 | 7.89M | 0 | 6.85M | 7.42M | 7.68M | 8.43M | 7.67M | 8.57M | 8.18M | 7.43M | 8.27M | 0 | 7.05M | 7.95M | 6.22M | 0 | 6.96M |
| Deferred Taxes | -13.17M | 7.18M | -14.01M | -30.34M | -24.39M | -9.92M | 443K | -7.7M | -8.1M | -7.83M | -24.6M | 1.03M | 2.98M | 188K | 8.12M | -25.02M | 6.15M | -17.75M | -22.55M | -20.03M |
| Other Non-Cash Items | -92.2M | 85.67M | 67.33M | 173.39M | -23.56M | 7.65M | -7.16M | 82.34M | -7.51M | -5.45M | -3.94M | 13.54M | -59.34M | 20.43M | 4.08M | 3.52M | -28.02M | 7.98M | 24.3M | 1.36M |
| Working Capital Changes | 17.9M | -17.9M | 22.13M | -46.94M | -54.91M | -68K | -8.42M | 17.23M | -38.47M | -8.76M | 61.56M | 79.91M | -70.35M | -36.6M | -38.65M | -6.02M | -61.77M | -49.28M | 22.79M | -5.06M |
| Change in Receivables | -54.48M | 54.48M | -50.9M | 3.63M | 5.07M | -6.4M | -3.81M | 16.12M | 5.87M | -28.93M | 49.75M | 77.21M | -12.78M | -57.9M | -61.94M | -69.87M | -49.11M | -54.64M | 4.66M | -24.58M |
| Change in Inventory | 388K | -388K | -9.31M | -6.43M | -1.6M | -9.5M | -169K | -6.8M | -6.61M | -7.19M | 6.07M | -1.78M | -9.11M | -3.01M | -2.75M | -2.64M | 2.67M | -2.51M | 5.77M | 6.91M |
| Change in Payables | 28.46M | -28.46M | -20.24M | -27.47M | 21.87M | 4.49M | -24.25M | 4.45M | -6.36M | 23.86M | -20.17M | -9.2M | 23.16M | 10.45M | 6.47M | 14.64M | -3.9M | 36.04M | 6.12M | -369K |
| Cash from Investing | -54.03M | -58.29M | -37.45M | -56.99M | -1.87B | 52.65M | -104.75M | -129.53M | -111.41M | -113.07M | -131.54M | -71.84M | -37.04M | -82.17M | -44.17M | -77.83M | -592K | -44.73M | -42.24M | -59.44M |
| Capital Expenditures | -62.86M | -67.56M | -64.14M | -97M | -158.75M | -106.48M | -105.98M | -134.38M | -118.3M | -136.41M | -113.67M | -100.31M | -85.45M | -96.03M | -57.71M | -78.15M | -67.14M | -47.89M | -32.98M | -18.43M |
| CapEx % of Revenue | 6.74% | 6.64% | 6.34% | 9.32% | 15.62% | 15.72% | 15.28% | 19.26% | 17.2% | 20.14% | 17.23% | 13.86% | 11.11% | 13.34% | 9.14% | 14.2% | 14.36% | 11.69% | 9.59% | 5.55% |
| Acquisitions | 0 | 0 | 29.01M | 0 | -1.82B | 0 | 0 | 0 | 0 | -250K | 0 | 100.31M | 16.74M | -250K | 12.04M | 15.32M | 0 | 0 | 103.26M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 10.47M | 10.65M | -1.03M | 8.83M | 1.67M | 12.82M | 1.26M | 14.8M | 13.95M | 12.18M | 16.26M | -84.98M | 0 | 31.23M | -21.64M | -7.5M | 13.46M | 21.48M | 0 | 13.36M |
| Cash from Financing | -58.29M | -69.79M | -169.37M | -90.45M | 344.26M | -33.15M | 1.18B | -48.05M | -49.37M | -98.73M | -48.88M | -151.84M | -162.6M | -100.56M | -26.68M | -26.71M | -45.3M | -635.61M | 510.47M | -28.34M |
| Debt Issued (Net) | 0 | -30M | -127M | -48M | 372.37M | 0 | 1.22B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -487.15M | 0 | 0 | -487.15M | 544.78M | 0 |
| Equity Issued (Net) | 0 | 0 | 152K | -152K | -3.69M | -6.91M | -1K | 0 | -3.94M | -47.36M | 0 | -102.2M | -105.95M | -39.06M | 0 | -12K | -16.64M | -60.36M | 0 | 0 |
| Dividends Paid | -25.42M | -25.24M | -25.2M | -25.21M | -25.31M | -25.02M | -42.04M | -42.05M | -42.08M | -42.29M | -48.88M | -49.64M | -51.18M | -51.76M | -26.69M | -26.7M | -26.69M | -27.32M | -27.32M | -27.59M |
| Share Repurchases | 0 | 0 | 152K | -152K | -3.69M | -6.91M | -1K | 0 | -3.94M | -47.36M | 0 | -102.2M | -105.95M | -39.06M | 0 | -12K | -16.64M | -60.36M | 0 | 0 |
| Other Financing | -32.87M | -14.55M | -17.32M | -17.09M | 887K | -1.22M | 0 | -6M | -3.36M | -9.07M | 0 | 0 | -5.47M | -9.73M | 487.16M | 0 | -1.98M | -60.78M | -7M | -760K |
| Net Change in Cash | -75.47M | 53.61M | -1.23M | -17.93M | -220.96M | 177.86M | 1.25B | 19.82M | -17.06M | -37M | 34.27M | 69.07M | -58.76M | 2.65M | 46.47M | -6.79M | -23.28M | -684.06M | 516.9M | -56.76M |
| Free Cash Flow | -26.28M | 114.86M | 142.81M | 24.6M | -102.7M | 51.87M | 62.78M | 63.01M | 25.42M | 38.39M | 101.01M | 192.44M | 55.43M | 89.35M | 59.56M | 19.59M | -44.53M | -51.61M | 13.64M | 12.59M |
| FCF Margin % | -2.82% | 11.29% | 14.12% | 2.36% | -10.11% | 7.66% | 9.05% | 9.03% | 3.69% | 5.67% | 15.31% | 26.58% | 7.21% | 12.42% | 9.43% | 3.56% | -9.52% | -12.59% | 3.97% | 3.79% |
| FCF Growth % | 74.41% | 121.43% | 127.48% | -60.96% | -504.04% | 35.13% | -37.85% | -67.26% | -54.14% | -57.04% | 69.59% | 882.26% | 224.48% | 273.12% | 336.56% | 55.6% | -172.23% | -53.65% | -81.26% | -93.27% |
| FCF per Share | -0.26 | 1.16 | 1.44 | 0.25 | -1.03 | 0.52 | 0.63 | 0.64 | 0.26 | 0.39 | 1.01 | 1.89 | 0.53 | 0.84 | 0.56 | 0.18 | -0.42 | -0.48 | 0.13 | 0.12 |
| FCF Conversion (FCF/Net Income) | -0.62x | -1.88x | -3.61x | -0.75x | 33.89x | 2.89x | 2.24x | 2.23x | 1.69x | 1.84x | 2.77x | 3.07x | 0.86x | 1.93x | 2.60x | 5.62x | -4.21x | 0.07x | -0.59x | -0.55x |
| Interest Paid | 0 | 0 | -53.34M | 53.34M | 14.39M | 0 | 7.8M | 103K | 7.12M | 927K | 8.14M | 39K | 8M | 915K | 0 | 91K | 8.13M | 2.67M | 0 | 169K |
| Taxes Paid | 0 | 0 | -68.11M | 63.83M | 96.52M | 4.28M | 41.76M | 58.3M | 75.33M | 5.96M | 43.41M | 37.63M | 114.35M | 3.74M | 0 | 2.76M | 598K | 97K | 0 | 0 |