Hexcel Corporation (HXL) 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 | 19M | 125.5M | 110.2M | 23.3M | -28.5M | 162.6M | 90.1M | 44.2M | -7M | 159M | 68M | 53.5M | -23.4M | 116.7M | 38.1M | 37.3M | -19M | 87.5M | 25.3M | 40.1M |
| Operating CF Margin % | 3.84% | 25.54% | 24.16% | 4.76% | -6.24% | 34.32% | 19.74% | 8.83% | -1.48% | 34.75% | 16.21% | 11.78% | -5.11% | 27.18% | 10.45% | 9.49% | -4.86% | 24.29% | 7.58% | 12.52% |
| Operating CF Growth % | 166.67% | -22.82% | 22.31% | -47.29% | -307.14% | 2.26% | 32.5% | -17.38% | 70.09% | 36.25% | 78.48% | 43.43% | -23.16% | 33.37% | 50.59% | -6.98% | -1483.33% | -18.45% | -69.66% | -38.31% |
| Net Income | 37.2M | 46.4M | 20.6M | 13.5M | 28.9M | 5.8M | 39.8M | 50M | 36.5M | -18.2M | 38.7M | 42.5M | 42.7M | 37M | 26.8M | 44.7M | 17.8M | 18.9M | 9M | 2.2M |
| Depreciation & Amortization | 30.4M | 30.8M | 30.9M | 30.8M | 29.8M | 31M | 31M | 31M | 31M | 31.7M | 31.5M | 31M | 30.7M | 31.3M | 31M | 31.7M | 32.2M | 35.6M | 33.7M | 34.2M |
| Stock-Based Compensation | 9.3M | 0 | 1M | 2.7M | 9.7M | 2.9M | 2.9M | 3.3M | 13.1M | 2.6M | 2.6M | 2.8M | 12.9M | 4.8M | 2.4M | 2.4M | 10.4M | 2.8M | 2.9M | 4.3M |
| Deferred Taxes | 3.5M | -1.9M | 10.5M | -5.4M | 2.7M | -12.3M | -1.4M | -2.3M | -700K | 0 | -5.6M | -4.6M | -2.1M | 5.4M | -4.4M | -2.3M | -1.8M | 600K | 7.5M | -1.9M |
| Other Non-Cash Items | 4M | -600K | -8.6M | 8.5M | 1.2M | 42.9M | 300K | -400K | 800K | 92.7M | -3.4M | -3.1M | -1.3M | 4.5M | -1.7M | -22.8M | -6.2M | -1.7M | -2.1M | -2.8M |
| Working Capital Changes | -65.4M | 50.8M | 55.8M | -26.8M | -100.8M | 92.3M | 17.5M | -37.4M | -87.7M | 50.2M | 4.2M | -15.1M | -106.3M | 33.7M | -16M | -16.4M | -71.4M | 31.3M | -25.7M | 4.1M |
| Change in Receivables | -43M | -14.5M | 36.2M | -1.7M | -42.5M | 30.4M | 30.7M | -12.9M | -37.5M | 6.9M | 18.1M | 6.6M | -40.5M | -9.7M | 21.4M | -19.8M | -54.7M | 14.9M | -9.7M | -3.9M |
| Change in Inventory | -14.3M | 28.9M | 9.3M | 24M | -16.8M | 3.5M | -15.7M | 1.2M | -23M | 24.3M | 3.6M | -4.2M | -32.6M | -400K | -43.1M | -14.5M | -24.4M | -3.1M | -15.5M | -14.2M |
| Change in Payables | 800K | 35.1M | 12.5M | 0 | -32.7M | 0 | 2.8M | -3.9M | -14M | 0 | -17.8M | 0 | 0 | -28.4M | 3.3M | 15M | 0 | 0 | -1.2M | 24.7M |
| Cash from Investing | -25.2M | -18.2M | -15.3M | -15.3M | -27.2M | -18.6M | -16.8M | -22.9M | -28.7M | 30.9M | -9.3M | -54.2M | -18.1M | -18M | -20.4M | 4.7M | -20.9M | -12.9M | -5.8M | -4.3M |
| Capital Expenditures | 17.7M | -15.5M | -13.7M | -15.3M | -26.1M | -18.6M | -16.8M | -22.9M | -28.7M | -13.8M | -19.6M | -56.7M | -18.1M | -18M | -20.4M | -17M | -20.9M | -12.9M | -5.8M | -4.3M |
| CapEx % of Revenue | 3.58% | 3.15% | 3% | 3.12% | 5.72% | 3.93% | 3.68% | 4.58% | 6.08% | 3.02% | 4.67% | 12.48% | 3.95% | 4.19% | 5.59% | 4.33% | 5.35% | 3.58% | 1.74% | 1.34% |
| Acquisitions | 0 | -2.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.3M | 0 | 0 | 0 | 0 | 21.2M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -42.9M | 0 | -1.6M | 0 | -1.1M | 0 | 0 | 0 | 0 | 44.7M | 0 | 2.5M | 0 | 200K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -10.3M | -126.8M | -81.4M | -22.3M | 18.2M | -113.9M | -51.8M | -31.7M | -104.3M | -62.9M | -63.7M | -800K | 34.8M | -81.4M | -22M | -52.5M | 25.9M | -52M | -28.2M | -3.1M |
| Debt Issued (Net) | 3.1M | 234.9M | -70.2M | 40.3M | 85.8M | -104.6M | 9.8M | 80.2M | 14.9M | -55.1M | -25M | 7.5M | 44.9M | -74.2M | -15.2M | -45.9M | 34.7M | -54.2M | -28.3M | -7.1M |
| Equity Issued (Net) | 300K | -353.4M | 0 | -50.5M | -50.4M | 0 | -50.4M | -101.1M | -100.7M | 0 | -30.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -13.7M | -12.9M | -13.5M | -13.7M | -13.8M | -12.1M | -12.2M | -12.4M | -12.6M | -10.5M | -10.6M | -10.6M | -10.5M | -8.4M | -8.5M | -8.3M | -8.5M | 0 | 0 | 0 |
| Share Repurchases | 0 | -353.4M | 0 | -50.5M | -50.4M | 0 | -50.4M | -101.1M | -100.7M | 0 | -30.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 4.6M | 2.3M | 1.6M | -3.4M | 2.8M | 1M | 1.6M | -5.9M | 2.7M | 2M | 2.3M | 400K | 1.2M | 1.7M | 1.7M | -300K | 2.2M | 100K | 4M |
| Net Change in Cash | -16.9M | -19.5M | 13.3M | -12M | -36.2M | 27.2M | 22.8M | -10.5M | -141.1M | 129.3M | -6.5M | -1.5M | -6.3M | 21.1M | -8.3M | -13.6M | -14.9M | 21.9M | -9.5M | 33.3M |
| Free Cash Flow | 36.7M | 110M | 96.5M | 8M | -54.6M | 144M | 73.3M | 21.3M | -35.7M | 145.2M | 48.4M | -3.2M | -41.5M | 98.7M | 17.7M | 20.3M | -39.9M | 74.6M | 19.5M | 35.8M |
| FCF Margin % | 7.42% | 22.39% | 21.15% | 1.63% | -11.96% | 30.39% | 16.06% | 4.26% | -7.56% | 31.74% | 11.54% | -0.7% | -9.07% | 22.99% | 4.85% | 5.17% | -10.22% | 20.71% | 5.84% | 11.18% |
| FCF Growth % | 167.22% | -23.61% | 31.65% | -62.44% | -52.94% | -0.83% | 51.45% | 765.63% | 13.98% | 47.11% | 173.45% | -115.76% | -4.01% | 32.31% | -9.23% | -43.3% | -554.1% | -28.61% | -74.34% | -30.89% |
| FCF per Share | 0.48 | 1.42 | 1.20 | 0.10 | -0.67 | 1.76 | 0.89 | 0.26 | -0.42 | 1.72 | 0.57 | -0.04 | -0.49 | 1.16 | 0.21 | 0.24 | -0.47 | 0.88 | 0.23 | 0.42 |
| FCF Conversion (FCF/Net Income) | 0.51x | 2.70x | 5.35x | 1.73x | -0.99x | 28.03x | 2.26x | 0.88x | -0.19x | -8.74x | 1.76x | 1.26x | -0.55x | 3.15x | 1.42x | 0.83x | -1.07x | 4.63x | 2.81x | 18.23x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34.6M | 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 |