ICON Public Limited Company (ICLR) 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 | 167.01M | 767.97M | 408.51M | 162.19M | 268.24M | 338.31M | 402.67M | 218.59M | 327.08M | 440.13M | 341.51M | 203.88M | 175.5M | -59.43M | 213.78M | 182.05M | 226.92M | 289.82M | 298.97M | 128.43M |
| Operating CF Margin % | 8.21% | 36.35% | 20% | 8.04% | 13.4% | 16.58% | 19.84% | 10.31% | 15.65% | 21.3% | 16.62% | 10.09% | 8.87% | -3.03% | 11.01% | 9.41% | 11.93% | 15.37% | 16.02% | 14.74% |
| Operating CF Growth % | -37.74% | 127% | 1.45% | -25.8% | -17.99% | -23.13% | 17.91% | 7.21% | 86.37% | 840.64% | 59.75% | 11.99% | -22.66% | -120.5% | -28.5% | 41.75% | 102.75% | 48.3% | 167.02% | 8.95% |
| Net Income | 104.75M | 68.53M | 2.35M | 182.97M | 154.15M | 260M | 197.13M | 146.91M | 187.44M | 216.42M | 163.66M | 115.6M | 116.65M | 117.44M | 160.16M | 115.73M | 111.97M | 76.47M | -94.27M | 73.86M |
| Depreciation & Amortization | 90.33M | 287.04M | 98.5M | 97.72M | 95.96M | 96.66M | 93.03M | 149.63M | 160.65M | 157.3M | 146.03M | 145.06M | 145.13M | 142.23M | 141.86M | 144.02M | 141.41M | 139.67M | 140.64M | 17.28M |
| Stock-Based Compensation | 27.57M | 89.68M | 60.17M | 15.25M | 12.36M | 4.69M | 13.04M | 14.96M | 13.18M | 8.36M | 15.95M | 16.6M | 14.76M | 14.82M | 17.52M | 19.28M | 18.9M | 19.05M | 99.92M | 8.48M |
| Deferred Taxes | -22.86M | -103.91M | -43.91M | -21.08M | -25.01M | -13.96M | -25.34M | -26.09M | -35.15M | 30.3M | -55.31M | -15.35M | -43.82M | 1.64M | -51.35M | -40.56M | -34.7M | -34.08M | -29.84M | 3.98M |
| Other Non-Cash Items | -2.35M | 511.67M | 172.36M | 56.37M | 37.19M | -7.43M | 46.54M | 59.77M | 7.51M | 30M | 14.32M | 11.26M | 41.59M | 47.77M | 18.53M | 13.89M | 13M | 44.67M | 80.25M | 22.05M |
| Working Capital Changes | -30.44M | -85.04M | 119.04M | -169.04M | -6.4M | -1.63M | 78.28M | -126.6M | -6.56M | -2.25M | 56.86M | -69.28M | -98.8M | -383.32M | -72.93M | -70.31M | -23.66M | 44.04M | 102.28M | 2.79M |
| Change in Receivables | 3.58M | -103.43M | -34.51M | -33.45M | 93.86M | 80.13M | 17.7M | 34.54M | -122.98M | 47.4M | -98.42M | 52.58M | -93.26M | -279.94M | -99.73M | -5.57M | -90.89M | -9.9M | 86.76M | -15.37M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34.95M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10.33M |
| Cash from Investing | -39.44M | -150.25M | -59.24M | -41.12M | -37.28M | -68.88M | -124.34M | -34.2M | -39.37M | -122.5M | -35.5M | -40.61M | -28.04M | -58.88M | -38.35M | -29.1M | -19.54M | -59.02M | -5.94B | -16.57M |
| Capital Expenditures | -30.77M | -145.31M | -56.62M | -34.64M | -28.91M | -61.29M | -43.33M | -36.03M | -27.15M | -51.38M | -29.1M | -32.14M | -26.74M | -57.02M | -37.3M | -28.21M | -19.63M | -47.68M | -24.41M | -12.95M |
| CapEx % of Revenue | 1.51% | 6.88% | 2.77% | 1.72% | 1.44% | 3% | 2.13% | 1.7% | 1.3% | 2.49% | 1.42% | 1.59% | 1.35% | 2.91% | 1.92% | 1.46% | 1.03% | 2.53% | 1.31% | 1.49% |
| Acquisitions | 0 | 0 | -18.83K | -97.89K | -2.54M | 1.47M | -77.8M | 31.3K | -7.83M | -66.25M | 2.29K | -5.14M | 1.3M | -2.71M | 0 | 0 | 0 | 0 | -5.91B | -2.45M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 243 | 0 | 86K | -62K | -294.03K | 0 | -1.89M | -2.29K | 33.14K | -1.3M | 2.71M | 0 | 0 | 0 | 11.37K | 274 | 0 |
| Cash from Financing | -6.36M | -518.42M | -272.36M | -275.49M | -252.83M | -403.96M | -97.78M | -71.75M | -263.7M | -255.55M | -258.67M | -172.77M | -157.06M | -193.14M | -186.17M | -92.35M | -392.51M | -485.46M | 5.6B | 172K |
| Debt Issued (Net) | -7.44M | -22.32M | -7.89M | -8.02M | -7.44M | -7.44M | -7.44M | -64.02M | -280M | -270M | -275M | -180M | -170M | -200M | -200M | -125M | -300M | -500M | 5.53B | 0 |
| Equity Issued (Net) | 1.09M | -495.04M | -264.47M | -267.47M | -245.24M | -396.19M | -78.33M | -6.39M | 16.3M | 13.94M | 16.44M | 7.38M | 12.94M | 4.65M | 15.75M | 9.83M | -99.98M | 12.29M | 101.39M | 172.08K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -500M | -265.37M | -269.45M | -250M | -400M | -101.11M | 0 | 0 | 0 | 0 | 0 | 0 | -2.84M | 3.21M | 2.57M | -99.98M | 0 | 0 | 0 |
| Other Financing | -5K | -1.06M | 0 | 0 | -155K | -326K | -12.01M | -1.34M | 0 | 0 | -100.8K | -144.72K | 0 | 2.22M | -1.93M | 22.82M | 7.47M | 2.24M | -28.69M | -80 |
| Net Change in Cash | 117.87M | 120.6M | 78.49M | -136.3M | -12.09M | -156.72M | 188.95M | 110.47M | 17.98M | 65.04M | 42.89M | -9.7M | -8.89M | -320.39M | -5.76M | 55.82M | -193.12M | -256.31M | -46.97M | 113.04M |
| Free Cash Flow | 136.24M | 622.66M | 351.89M | 127.55M | 239.33M | 277.03M | 359.34M | 182.3M | 299.92M | 387.42M | 312.42M | 171.75M | 148.76M | -116.44M | 176.47M | 153.84M | 207.28M | 242.13M | 274.56M | 115.48M |
| FCF Margin % | 6.7% | 29.47% | 17.23% | 6.32% | 11.96% | 13.57% | 17.7% | 8.6% | 14.35% | 18.75% | 15.2% | 8.5% | 7.52% | -5.93% | 9.09% | 7.95% | 10.9% | 12.84% | 14.71% | 13.26% |
| FCF Growth % | -43.08% | 124.77% | -2.07% | -30.03% | -20.2% | -28.49% | 15.02% | 6.15% | 101.62% | 432.72% | 77.04% | 11.64% | -28.24% | -148.09% | -35.73% | 33.21% | 100.83% | 40.46% | 161.23% | 6.89% |
| FCF per Share | 1.76 | 7.89 | 4.51 | 1.60 | 2.91 | 3.37 | 4.31 | 2.19 | 3.60 | 4.66 | 3.77 | 2.08 | 1.80 | -1.41 | 2.14 | 1.87 | 2.51 | 2.92 | 3.40 | 2.16 |
| FCF Conversion (FCF/Net Income) | 1.59x | 5.15x | 173.47x | 0.89x | 1.74x | 1.30x | 2.04x | 1.49x | 1.74x | 2.03x | 2.09x | 1.76x | 1.50x | -0.51x | 1.33x | 1.57x | 2.03x | 3.79x | -3.17x | 1.74x |
| 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 |