HP Inc. (HPQ) 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 | 926M | 383M | 1.62B | 1.66B | 38M | 374M | 1.62B | 1.42B | 581M | 121M | 1.98B | 976M | 636M | -16M | 1.9B | 394M | 508M | 1.66B | 2.85B | 1.09B |
| Operating CF Margin % | 6.43% | 2.65% | 11.09% | 11.92% | 0.29% | 2.77% | 11.55% | 10.53% | 4.54% | 0.92% | 14.29% | 7.4% | 4.93% | -0.12% | 12.86% | 2.69% | 3.08% | 9.73% | 17.08% | 7.15% |
| Operating CF Growth % | 2336.84% | 2.41% | 0.06% | 16.64% | -93.46% | 209.09% | -17.82% | 45.9% | -8.65% | 856.25% | 3.73% | 147.72% | 25.2% | -100.97% | -33.15% | -63.95% | -64.87% | 62.13% | 51.97% | -34.43% |
| Net Income | 450M | 545M | 795M | 763M | 406M | 565M | 906M | 640M | 607M | 622M | 974M | 766M | 1.07B | 469M | -2M | 1.12B | 1B | 1.09B | 3.1B | 1.11B |
| Depreciation & Amortization | 264M | 214M | 208M | 306M | 205M | 197M | 208M | 208M | 209M | 205M | 212M | 217M | 212M | 209M | 209M | 181M | 193M | 197M | 200M | 196M |
| Stock-Based Compensation | 112M | 182M | 90M | 100M | 140M | 192M | 85M | 96M | 94M | 177M | 85M | 91M | 95M | 167M | 70M | 70M | 70M | 133M | 70M | 69M |
| Deferred Taxes | -29M | -39M | 61M | 16M | -60M | -23M | -191M | 69M | 5M | -5M | -149M | 51M | -681M | -140M | 527M | 52M | -10M | 5M | -512M | -143M |
| Other Non-Cash Items | 356M | 129M | 116M | 141M | 159M | 105M | 65M | 35M | 78M | -19M | 134M | -53M | 197M | 129M | 123M | 17M | 179M | 234M | 145M | 169M |
| Working Capital Changes | -227M | -648M | 354M | 335M | -812M | -662M | 550M | 376M | -412M | -859M | 719M | -96M | -253M | -850M | 977M | -1.04B | -924M | 2M | -154M | -306M |
| Change in Receivables | -830M | 364M | -578M | -820M | -115M | 966M | -482M | -341M | -552M | 446M | 98M | -246M | 182M | 244M | 184M | 985M | -246M | 337M | -583M | 168M |
| Change in Inventory | -475M | -260M | -157M | -199M | 279M | -751M | 101M | -275M | -631M | -47M | 304M | -10M | 136M | 230M | 803M | 700M | 7M | -1.28B | 61M | -670M |
| Change in Payables | 929M | 208M | 1.05B | 1.79B | -1.3B | -397M | 1.4B | 1.08B | 1.1B | -744M | -107M | 801M | -202M | -1.73B | -437M | -1.47B | -1.05B | 2.04B | 117M | 625M |
| Cash from Investing | -14M | -269M | -64M | 20M | -833M | -300M | -132M | -237M | -49M | -228M | -20M | -129M | -6M | -435M | -2.88B | -211M | -182M | -280M | -400M | -297M |
| Capital Expenditures | -170M | -233M | -197M | -215M | -183M | -302M | -153M | -162M | -119M | -158M | -150M | -137M | -130M | -192M | -144M | -195M | -178M | -273M | -172M | -158M |
| CapEx % of Revenue | 1.18% | 1.61% | 1.35% | 1.54% | 1.38% | 2.24% | 1.09% | 1.2% | 0.93% | 1.2% | 1.09% | 1.04% | 1.01% | 1.39% | 0.97% | 1.33% | 1.08% | 1.6% | 1.03% | 1.03% |
| Acquisitions | -10M | 0 | 66M | 0 | -116M | 0 | -43M | -15M | 0 | 0 | -2M | 0 | -5M | 0 | -2.73B | 0 | -3M | -21M | -272M | -412M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 174M | -50M | 79M | 195M | -540M | 2M | 60M | -60M | 70M | -70M | 134M | 9M | 113M | -240M | -1M | -15M | -1M | 14M | 27M | 275M |
| Cash from Financing | -363M | -673M | -721M | -1.54B | 631M | -433M | -1.12B | -826M | -432M | -708M | -441M | -1.07B | -459M | -925M | -1.27B | 726M | 757M | -2.28B | -1.59B | -781M |
| Debt Issued (Net) | 21M | 2M | 62M | -1.12B | 1.02B | 32M | 54M | 29M | -59M | 143M | -168M | -807M | -193M | -287M | -463M | 1.98B | 1.98B | -411M | 394M | 948M |
| Equity Issued (Net) | -100M | -325M | -500M | -150M | -100M | -100M | -900M | -600M | -100M | -500M | 0 | 0 | 0 | -100M | -750M | -1.03B | -1.01B | -1.51B | -1.75B | -1.51B |
| Dividends Paid | -274M | -277M | -270M | -272M | -273M | -273M | -263M | -268M | -269M | -275M | -260M | -259M | -259M | -259M | -249M | -255M | -262M | -271M | -219M | -230M |
| Share Repurchases | -100M | -325M | -500M | -150M | -100M | -100M | -900M | -600M | -100M | -500M | 0 | 0 | 0 | -100M | -750M | -1.03B | -1.01B | -1.51B | -1.75B | -1.51B |
| Other Financing | -10M | -71M | -13M | 5M | -20M | -92M | -7M | 13M | -4M | -76M | -13M | -3M | -7M | -279M | 193M | 29M | 54M | -92M | -9M | 8M |
| Net Change in Cash | 549M | -559M | 839M | 144M | -164M | -359M | 375M | 361M | 100M | -815M | 1.51B | -222M | 171M | -1.38B | -2.24B | 909M | 1.08B | -905M | 860M | 15M |
| Free Cash Flow | 756M | 150M | 1.43B | 1.45B | -145M | 72M | 1.47B | 1.26B | 462M | -37M | 1.82B | 839M | 506M | -208M | 1.76B | 199M | 330M | 1.38B | 2.68B | 935M |
| FCF Margin % | 5.25% | 1.04% | 9.75% | 10.38% | -1.1% | 0.53% | 10.46% | 9.34% | 3.61% | -0.28% | 13.21% | 6.36% | 3.92% | -1.51% | 11.89% | 1.36% | 2% | 8.13% | 16.05% | 6.12% |
| FCF Growth % | 621.38% | 108.33% | -2.93% | 14.58% | -131.39% | 294.59% | -19.45% | 50.42% | -8.7% | 82.21% | 3.69% | 321.61% | 53.33% | -115.03% | -34.23% | -78.72% | -75.09% | 55.33% | 52.22% | -39.68% |
| FCF per Share | 0.82 | 0.16 | 1.51 | 1.52 | -0.15 | 0.08 | 1.49 | 1.27 | 0.47 | -0.04 | 1.82 | 0.84 | 0.51 | -0.21 | 1.80 | 0.19 | 0.31 | 1.27 | 2.34 | 0.78 |
| FCF Conversion (FCF/Net Income) | 2.06x | 0.70x | 2.04x | 2.18x | 0.09x | 0.66x | 1.79x | 2.23x | 0.96x | 0.19x | 2.03x | 1.27x | 0.60x | -0.03x | -952.00x | 0.35x | 0.51x | 1.53x | 0.92x | 0.99x |
| 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 |