Kingsoft Cloud Holdings Limited (KC) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q1'21 |
|---|
| Cash from Operations | 1.04B | 1.72B | 1.46B | -418.39M | 570.22M | 228.36M | 151.17M | -321.34M | 16.71M | 20.37M | 65.23M | -271.39M | 370.45M | 100.93M | 343.61M | -626.01M | 38.01M | 13.93M | -263.65M | -497.15M |
| Operating CF Margin % | 37.76% | 69.28% | 62.15% | -21.24% | 25.55% | 12.11% | 7.99% | -18.1% | 0.97% | 1.25% | 3.55% | -14.56% | 17.38% | 5.13% | 18.02% | -28.8% | 1.43% | 0.58% | -12.13% | -27.41% |
| Operating CF Growth % | 82.85% | 651.72% | 865.9% | -30.2% | 3311.44% | 1020.97% | 131.75% | -18.41% | -95.49% | -79.82% | -81.02% | 56.65% | 874.7% | 624.75% | 230.33% | -25.92% | 113.66% | 113.45% | -10166.74% | -629.52% |
| Net Income | -943.69M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -810.46M | -554.82M | 0 | 0 | 0 | -382.21M |
| Depreciation & Amortization | 2.48B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 290.76M | 287.48M | 0 | 0 | 0 | 180.47M |
| Stock-Based Compensation | 446.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 113.56M | 93.18M | 0 | 0 | 0 | 123.11M |
| Deferred Taxes | -39.76M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -19.8M | -2.78M | 0 | 0 | 0 | -29K |
| Other Non-Cash Items | -2.66B | 1.72B | 1.46B | -418.39M | 570.22M | 228.36M | 151.17M | -321.34M | -201.68M | 20.37M | 65.23M | -271.39M | 370.45M | 100.93M | 339.81M | 115.78M | 38.01M | 13.93M | -263.65M | 70.25M |
| Working Capital Changes | 1.76B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 218.39M | 0 | 0 | 0 | 0 | 0 | 429.75M | -564.85M | 0 | 0 | 0 | -488.74M |
| Change in Receivables | -716.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 375.24M | 0 | 0 | 0 | 0 | 0 | 538.84M | -128.46M | 0 | 0 | 0 | -299.48M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 292.12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -165.55M | -339.29M | 0 | 0 | 0 | 117.95M |
| Cash from Investing | -427.67M | -2.72B | -887.83M | -490.39M | -1.34B | -458.62M | -654.83M | -1.17B | -1.41B | 165.09M | 256.82M | 319.67M | 900.95M | 323.75M | -732.8M | -524.77M | -226.52M | 99.44M | -56.37M | -238.18M |
| Capital Expenditures | -4.74B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -441.12M | -620.95M | 0 | 0 | 0 | -212.17M |
| CapEx % of Revenue | 171.74% | - | - | - | - | - | - | - | 113.72% | - | - | - | - | - | 23.14% | 28.57% | - | - | - | 11.7% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -194.13M | -2.61M | 0 | 0 | 0 | -72.83M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 4.22B | -2.72B | -887.83M | -490.39M | -1.34B | -458.62M | -654.83M | -1.17B | -1.41B | 165.09M | 256.82M | 319.67M | 900.95M | 323.75M | 2.98M | 2.31M | -226.52M | 99.44M | -56.37M | -649K |
| Cash from Financing | 1.51B | -433.81M | 2.55B | 550M | 1.8B | -183.39M | 523.95M | 1.11B | 1.15B | -1.26B | -222.77M | 103.99M | -806.66M | -130.69M | -312.4M | 97.61M | 1.09B | 526.16M | 502.45M | 98.85M |
| Debt Issued (Net) | 537.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -280.62M | 88.19M | 0 | 0 | 0 | 96M |
| Equity Issued (Net) | 4.56B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -3.59B | -433.81M | 2.55B | 550M | 1.8B | -183.39M | 523.95M | 1.11B | 1.15B | -1.26B | -222.77M | 103.99M | -806.66M | -130.69M | -31.78M | 9.42M | 1.09B | 526.16M | 502.45M | 2.85M |
| Net Change in Cash | 2.07B | -1.47B | 3.13B | -343.76M | 1.02B | -386.01M | 5.64M | -398.72M | -242.15M | -1.09B | 156.9M | 132.46M | 327.37M | 429.58M | -605.67M | -1.07B | 861.85M | 640.15M | 161.17M | -631.23M |
| Free Cash Flow | -3.7B | 1.72B | 1.46B | -418.39M | 570.22M | 228.36M | 151.17M | -321.34M | -1.94B | 20.37M | 65.23M | -271.39M | 370.45M | 100.93M | 343.61M | -626.01M | 38.01M | 13.93M | -263.65M | -710.57M |
| FCF Margin % | -133.98% | 69.28% | 62.15% | -21.24% | 25.55% | 12.11% | 7.99% | -18.1% | -112.75% | 1.25% | 3.55% | -14.56% | 17.38% | 5.13% | 18.02% | -28.8% | 1.43% | 0.58% | -12.13% | -39.18% |
| FCF Growth % | -748.82% | 651.72% | 865.9% | -30.2% | 129.36% | 1020.97% | 131.75% | -18.41% | -624.24% | -79.82% | -81.02% | 56.65% | 874.7% | 624.75% | 230.33% | 11.9% | 113.66% | 113.45% | -10166.74% | -856.84% |
| FCF per Share | -12.21 | 6.22 | 5.87 | -1.68 | 2.29 | 0.93 | 0.62 | -1.33 | -8.12 | 0.09 | 0.27 | -1.14 | 1.57 | 0.41 | 1.40 | -2.56 | 0.16 | 0.06 | -1.17 | -3.17 |
| FCF Conversion (FCF/Net Income) | -6.51x | -371.57x | -3.19x | 1.33x | -2.90x | -0.22x | -0.43x | 0.89x | -0.06x | -0.03x | -0.13x | 0.45x | -0.73x | -0.13x | -0.43x | 1.13x | -0.08x | -0.03x | 1.20x | 1.30x |
| Interest Paid | 315.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24.03M | 45.65M | 0 | 0 | 0 | 3.66M |
| Taxes Paid | 31.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.7M | 19.84M | 0 | 0 | 0 | 59K |