HealthEquity, Inc. (HQY) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'27 | Q4'26 | Q3'26 | 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 |
|---|
| Cash from Operations | 97.53M | 117.92M | 138.57M | 135.87M | 64.74M | 75.75M | 90.55M | 108.13M | 65.43M | 77.07M | 57.11M | 77.11M | 31.54M | 55.49M | 47.93M | 40.15M | 7.08M | 50.56M | 22.27M | 37.25M |
| Operating CF Margin % | 27.5% | 35.24% | 43.01% | 41.7% | 19.57% | 24.29% | 30.14% | 36.05% | 22.75% | 29.37% | 22.91% | 31.66% | 12.9% | 23.73% | 22.18% | 19.48% | 3.44% | 24.87% | 12.38% | 19.7% |
| Operating CF Growth % | 50.65% | 55.67% | 53.04% | 25.65% | -1.06% | -1.72% | 58.56% | 40.23% | 107.46% | 38.89% | 19.14% | 92.05% | 345.64% | 9.76% | 115.22% | 7.79% | -77.11% | -16.99% | -57.21% | -30.55% |
| Net Income | 69.42M | 49.74M | 51.69M | 59.85M | 53.91M | 26.36M | 5.7M | 35.82M | 28.81M | 26.36M | 14.67M | 10.58M | 4.09M | -209K | -1.64M | -10.65M | -13.64M | -32.82M | -5.04M | -3.82M |
| Depreciation & Amortization | 38.21M | 38.68M | 38.78M | 38.45M | 38.74M | 39.18M | 40.72M | 43.61M | 38.94M | 37.91M | 37.78M | 38.35M | 39.04M | 40.48M | 40.5M | 40.74M | 39.49M | 38.82M | 33.55M | 33.05M |
| Stock-Based Compensation | 19.41M | 19.12M | 20.54M | 19.07M | 14.34M | 21.71M | 21.12M | 21.57M | 32.02M | 17.21M | 21.66M | 20.07M | 18.2M | 12.3M | 18.17M | 18.15M | 13.99M | 11.05M | 13.28M | 15.62M |
| Deferred Taxes | 10.11M | -3M | 12.02M | 29.39M | 1.32M | -2.77M | -4.86M | 184K | -5.39M | 1.93M | -7.79M | -7.4M | -738K | -6.62M | -3.01M | -3.09M | -4.47M | -14.66M | -4.71M | -7.29M |
| Other Non-Cash Items | 81K | 258K | 271K | 268K | 265K | 262K | 1.95M | 725K | 703K | 702K | 689K | 679K | 1.94M | 806K | 815K | 1.1M | 812K | 12.39M | 2.02M | 620K |
| Working Capital Changes | -39.7M | 13.12M | 15.27M | -11.16M | -43.84M | -9M | 25.91M | 6.21M | -29.66M | -7.05M | -9.91M | 14.83M | -31M | 8.73M | -6.9M | -6.1M | -29.1M | 35.78M | -16.83M | -928K |
| Change in Receivables | 1.69M | -12.45M | -79K | 5.09M | 1.75M | -11.29M | 1.74M | -2.24M | -1.32M | -8.71M | -3.6M | 5.83M | -1.58M | -9.12M | 2.71M | -4.59M | 1.43M | -1.11M | -9.86M | 245K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.33M | -4.02M | 0 | 0 | 0 | 0 | 0 | 0 | 4.3M | 0 |
| Change in Payables | -873K | 12.98M | -7.48M | -7.21M | 3.42M | -15.87M | 17.49M | 9.61M | -2.35M | 2.16M | -6.33M | 4.02M | -50K | 6.5M | -7.58M | -1.53M | -24.06M | 31.84M | -3.81M | -29.83M |
| Cash from Investing | -13.9M | -8.44M | -11.38M | -11.18M | -16.14M | -13.56M | -12.87M | -209.08M | -269.95M | -11.27M | -15.42M | -10.25M | -9.13M | -10.28M | -13.53M | -21.12M | -74.2M | -471.3M | -79.68M | -20.47M |
| Capital Expenditures | -362K | -326K | -784K | -773K | -86K | -328K | -12.87M | -741K | -269.95M | -11.27M | -15.42M | -10.25M | -132K | -10.28M | -13.53M | -21.12M | -74.2M | -16.3M | -79.68M | -22.83M |
| CapEx % of Revenue | 0.1% | 0.1% | 0.24% | 0.24% | 0.03% | 0.11% | 4.28% | 0.25% | 93.86% | 4.3% | 6.19% | 4.21% | 0.05% | 4.39% | 6.26% | 10.25% | 36.08% | 8.02% | 44.28% | 12.07% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -455M | 2.37M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -13.54M | -8.11M | -10.6M | -10.41M | -16.06M | -13.23M | 0 | -208.34M | 0 | 3.26M | 0 | 0 | -9M | 0 | 0 | 0 | 0 | 0 | -2.37M | 0 |
| Cash from Financing | -137.18M | -99.81M | -122.4M | -108.12M | -56.65M | -88.41M | -82.42M | 176.62M | 51.77M | 4.12M | 2.03M | -2.15M | -51.03M | -1.15M | -1.09M | -3.39M | 2.96M | -2.97M | -47.22M | 200K |
| Debt Issued (Net) | -15M | -25M | -25M | -50M | 0 | -25M | -28.75M | 175M | 50M | 0 | 0 | 0 | -54.38M | -2.19M | -2.19M | -2.19M | -2.19M | -74K | -49.35M | 0 |
| Equity Issued (Net) | -122.9M | -75.06M | -97.42M | -57.26M | -58.1M | -58.6M | -57.68M | 1.9M | 2.32M | 3.07M | 2.05M | 438K | 916K | 66K | 1.68M | 2.13M | 2.81M | 2.02M | 1.06M | 2.48M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -123.31M | -81.02M | -92.42M | -66.75M | -59.06M | -62.98M | -58.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 716K | 246K | 25K | -855K | 1.45M | -4.81M | 4.02M | -282K | -546K | 1.05M | -22K | -2.59M | 2.43M | 976K | -588K | -3.33M | 2.33M | -4.92M | 1.07M | -2.28M |
| Net Change in Cash | -53.56M | 9.67M | 4.8M | 16.57M | -8.05M | -26.21M | -4.73M | 75.66M | -152.75M | 69.92M | 43.72M | 64.7M | -28.62M | 44.07M | 33.31M | 15.64M | -64.17M | -423.71M | -104.63M | 16.98M |
| Free Cash Flow | 97.16M | 101.53M | 137.79M | 151.15M | 48.59M | 62.19M | 77.69M | -100.95M | -204.52M | 65.8M | 41.69M | 66.86M | 22.4M | 45.22M | 34.41M | 19.03M | -67.13M | 34.26M | -57.41M | 14.41M |
| FCF Margin % | 27.4% | 30.35% | 42.77% | 46.39% | 14.69% | 19.94% | 25.86% | -33.66% | -71.11% | 25.08% | 16.73% | 27.45% | 9.17% | 19.34% | 15.92% | 9.23% | -32.64% | 16.85% | -31.9% | 7.62% |
| FCF Growth % | 99.95% | 63.26% | 77.37% | 249.72% | 123.76% | -5.49% | 86.35% | -251% | -1012.92% | 45.53% | 21.16% | 251.37% | 133.37% | 31.99% | 159.93% | 32.01% | -630.64% | -15.77% | -285.06% | -37.96% |
| FCF per Share | 1.14 | 1.16 | 1.58 | 1.72 | 0.55 | 0.70 | 0.88 | -1.14 | -2.32 | 0.75 | 0.48 | 0.77 | 0.26 | 0.53 | 0.41 | 0.23 | -0.80 | 0.41 | -0.69 | 0.17 |
| FCF Conversion (FCF/Net Income) | 1.40x | 2.37x | 2.68x | 2.27x | 1.20x | 2.87x | 15.88x | 3.02x | 2.27x | 2.92x | 3.89x | 7.29x | 7.70x | -265.51x | -29.21x | -3.77x | -0.52x | -1.54x | -4.42x | -9.76x |
| Interest Paid | 0 | 0 | 0 | 0 | 20.81M | 8.38M | 23.23M | 8.12M | 18.85M | 5.37M | 20.69M | 0 | 19.5M | 7.3M | 16.82M | 3.95M | 15.5M | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 2.25M | 10.35M | 13.19M | 277K | 10.57M | 9.66M | 0 | 0 | 751K | 202K | 518K | 55K | 0 | 0 | 0 |