ICF International, Inc. (ICFI) 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 | -3.14M | 75.63M | 47.32M | 51.96M | -33.03M | 95.36M | 25.55M | 60.64M | -10M | 106.83M | 25.67M | 36.71M | -16.83M | 155.61M | 187K | 13.46M | -7.05M | 45.44M | 58.42M | 1.38M |
| Operating CF Margin % | -0.72% | 17.05% | 10.17% | 10.91% | -6.77% | 19.21% | 4.94% | 11.84% | -2.02% | 22.33% | 5.12% | 7.34% | -3.48% | 32.72% | 0.04% | 3.18% | -1.71% | 11.71% | 14.83% | 0.35% |
| Operating CF Growth % | 90.49% | -20.69% | 85.22% | -14.31% | -230.31% | -10.74% | -0.48% | 65.18% | 40.58% | -31.35% | 13628.88% | 172.65% | -138.57% | 242.44% | -99.68% | 875.65% | -242.21% | -41.72% | -30.75% | -94.7% |
| Net Income | 20.52M | 17.31M | 23.77M | 23.66M | 26.85M | 24.56M | 32.68M | 25.61M | 27.32M | 22.16M | 23.74M | 20.31M | 16.4M | 8.88M | 19.11M | 18.4M | 17.86M | 12.08M | 20.39M | 20.31M |
| Depreciation & Amortization | 13.18M | 14.48M | 14.17M | 14.7M | 14.79M | 13.3M | 13.11M | 13.2M | 13.87M | 14.53M | 14.56M | 16.11M | 15.53M | 15.78M | 13.96M | 10.03M | 10.15M | 8.26M | 7.68M | 7.75M |
| Stock-Based Compensation | 4.7M | 4.77M | 4.48M | 4.25M | 4.19M | 4.23M | 4.27M | 4.67M | 3.55M | 4.73M | 3.45M | 2.94M | 3.75M | 3.15M | 3.52M | 2.94M | 3.56M | 3.47M | 3.59M | 2.89M |
| Deferred Taxes | 0 | 0 | 34.27M | 0 | -2.59M | -7.38M | -6.72M | -5.45M | -4.79M | -14.1M | 1.29M | -7.01M | 2.19M | 1.41M | 1.28M | 236K | 4.5M | 4.75M | 1.57M | 651K |
| Other Non-Cash Items | 9.55M | -16.74M | 433K | -9.73M | 1.34M | 938K | 3.07M | 630K | -322K | 2.92M | -2.01M | 5K | 960K | 9.66M | 112K | 898K | 259K | 11.25M | 2.73M | 1.22M |
| Working Capital Changes | -51.09M | 55.81M | -29.79M | 19.08M | -77.61M | 59.71M | -20.85M | 21.97M | -49.63M | 76.6M | -15.35M | 4.35M | -55.66M | 116.74M | -37.79M | -19.04M | -43.4M | 5.63M | 22.46M | -31.44M |
| Change in Receivables | -2.85M | -4.8M | -20.47M | 25.96M | 21.34M | -39.9M | -3.81M | -7.43M | 1.6M | 18.13M | 3.23M | -2.07M | 10.93M | 51.5M | -49.29M | -13.95M | 31.47M | -12.33M | 22.38M | -31.6M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.93M | 1.21M |
| Change in Payables | -30.12M | -15.73M | 15.44M | 1.14M | -37.67M | 37.55M | 10.17M | -8.45M | -15.12M | 11.84M | 9.41M | 3.34M | -26.08M | 6.61M | 29.2M | 4.01M | -9.81M | 7.83M | 1.99M | 4.02M |
| Cash from Investing | -2.83M | -7.17M | -5.54M | -5.35M | -3.45M | -61.23M | -4.9M | -5.17M | -3.51M | -284K | 42.41M | -38.9M | -6.9M | -5.44M | -245.29M | -1.66M | -6.45M | -182.2M | -4.8M | -3.88M |
| Capital Expenditures | -2.83M | -6.91M | -5.54M | -5.75M | -3.45M | -5.87M | -5.17M | -5.17M | -5.23M | -4.46M | -4.74M | -6.7M | -6.44M | -7.15M | -6.3M | -4.57M | -6.45M | -7.65M | -4.8M | -3.88M |
| CapEx % of Revenue | 0.65% | 1.56% | 1.19% | 1.21% | 0.71% | 1.18% | 1% | 1.01% | 1.06% | 0.93% | 0.94% | 1.34% | 1.33% | 1.5% | 1.35% | 1.08% | 1.56% | 1.97% | 1.22% | 0.99% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | -55.01M | 270K | 0 | 1.72M | 4.18M | 47.15M | -32.2M | -459K | 1.71M | -238.99M | 2.91M | -121K | -174.55M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -255K | 0 | 403K | 0 | -353K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 121K | 0 | 0 | 0 |
| Cash from Financing | 15.14M | -66.08M | -14.68M | -44.57M | 41.02M | -22.3M | -18.09M | -55.34M | 8.83M | -105.52M | -71.31M | 4.56M | 19.69M | -148.65M | 248.1M | -11.75M | 2.67M | 114.9M | -46.03M | -12.37M |
| Debt Issued (Net) | 36.71M | -47.06M | -11.25M | -41.37M | 83.63M | -2.56M | -14.46M | -51.64M | 44.47M | -104.63M | -67.06M | 5.6M | 43.25M | -145.64M | 252.18M | -6.76M | 38.03M | 141.72M | -52.1M | 7.08M |
| Equity Issued (Net) | -18.35M | -15.77M | -199K | 29K | -39.34M | -16.77M | -377K | -263K | -30.36M | 1.52M | -12K | 2.39M | -22.7M | -113K | -327K | 1.49M | -22.27M | -1.34M | -330K | -1.26M |
| Dividends Paid | -2.55M | -2.58M | -2.58M | -2.58M | -2.62M | -2.63M | -2.62M | -2.62M | -2.64M | -2.63M | -2.63M | -2.63M | -2.64M | -2.63M | -2.63M | -2.64M | -2.64M | -2.64M | -2.64M | -2.64M |
| Share Repurchases | -18.35M | -15.77M | -199K | 29K | -39.34M | -16.77M | -377K | -263K | -30.36M | 1.52M | -13K | 2.23M | -22.82M | -113K | -327K | 1.49M | -22.27M | -1.34M | -330K | -1.26M |
| Other Financing | -668K | -662K | -653K | -651K | -646K | -343K | -629K | -813K | -2.65M | 218K | -1.61M | -807K | 1.78M | -270K | -1.12M | -3.84M | -10.44M | -22.83M | 9.04M | -15.54M |
| Net Change in Cash | 8.93M | 2.4M | 27.04M | 2.8M | 5.28M | 11.18M | 2.87M | 169K | -4.85M | 1.59M | -3.62M | 2.53M | -4.03M | 2.49M | 2.01M | -609K | -11.36M | -21.87M | 6.39M | -14.91M |
| Free Cash Flow | -5.97M | 68.71M | 41.78M | 46.21M | -36.49M | 89.49M | 20.38M | 55.47M | -15.23M | 102.37M | 20.94M | 30.01M | -23.27M | 148.46M | -6.11M | 8.89M | -13.51M | 37.79M | 53.62M | -2.5M |
| FCF Margin % | -1.36% | 15.49% | 8.98% | 9.7% | -7.48% | 18.03% | 3.94% | 10.83% | -3.08% | 21.4% | 4.17% | 6% | -4.82% | 31.21% | -1.31% | 2.1% | -3.27% | 9.74% | 13.61% | -0.64% |
| FCF Growth % | 83.63% | -23.22% | 104.97% | -16.7% | -139.61% | -12.58% | -2.65% | 84.83% | 34.57% | -31.04% | 442.65% | 237.52% | -72.27% | 292.86% | -111.4% | 455.68% | -1088.95% | -48.38% | -33.37% | -111.51% |
| FCF per Share | -0.33 | 3.73 | 2.26 | 2.50 | -1.96 | 4.74 | 1.08 | 2.94 | -0.80 | 5.38 | 1.10 | 1.59 | -1.23 | 7.79 | -0.32 | 0.47 | -0.71 | 1.97 | 2.81 | -0.13 |
| FCF Conversion (FCF/Net Income) | -0.15x | 4.37x | 1.99x | 2.20x | -1.23x | 3.88x | 0.78x | 2.37x | -0.37x | 4.82x | 1.08x | 1.81x | -1.03x | 17.53x | 0.01x | 0.73x | -0.39x | 3.76x | 2.87x | 0.07x |
| Interest Paid | 0 | 0 | 5.14M | 10.36M | 4.54M | 5.66M | 9.12M | 7.53M | 7.74M | 4.92M | 10.04M | 13.21M | 5.92M | 9.19M | 7.12M | 3.71M | 2.76M | 2.45M | 2.56M | 2.68M |
| Taxes Paid | 0 | 0 | 1.59M | 24.74M | 1.09M | 9.84M | 19.27M | 29.97M | 1.13M | 13.59M | 4.15M | 7.54M | 914K | 2.09M | 2.01M | 11.42M | 949K | 9.07M | 4.35M | 19.75M |