Kyndryl Holdings, Inc. (KD) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q1'22 |
|---|
| Cash from Operations | 498M | 428M | 146M | -124M | 581M | 436M | 46M | -173M | 12M | 278M | 46M | -48M | 12M | 278M | 387M | 104M | -328M | 606M | -236M | -161M |
| Operating CF Margin % | 13.21% | 11.09% | 3.92% | -3.31% | 15.29% | 11.65% | 1.22% | -4.63% | 0.31% | 7.37% | 1.23% | -1.14% | 0.28% | 6.46% | 9.26% | 2.43% | -7.4% | 13.3% | -5.15% | -3.39% |
| Operating CF Growth % | -14.29% | -1.83% | 217.39% | 28.32% | 4741.67% | 56.83% | 0% | -260.42% | 0% | 0% | -88.11% | -146.15% | 103.66% | -54.13% | 263.98% | 164.6% | 0% | - | - | - |
| Net Income | 17M | 57M | 68M | 56M | 69M | -12M | -142M | -141M | -737M | -106M | -142M | 11M | -737M | -106M | -281M | -250M | -494M | -740M | -692M | -393M |
| Depreciation & Amortization | 504M | 0 | 274M | 685M | 303M | 746M | 759M | 772M | 797M | 777M | 758M | 204M | 372M | 337M | 739M | 327M | 928M | 396M | 398M | 1.25B |
| Stock-Based Compensation | 0 | 0 | 26M | 0 | 22M | 25M | 25M | 22M | 32M | 29M | 0 | 24M | 32M | 27M | 0 | 26M | 16M | 18M | 20M | 0 |
| Deferred Taxes | 23M | -30M | -7M | -10M | -23M | 0 | 0 | 0 | 0 | 0 | 25M | 17M | 280M | -36M | -5M | 46M | 0 | -74M | -313M | -31M |
| Other Non-Cash Items | 253M | 758M | 429M | 24M | 366M | 153M | -362M | -113M | 473M | -89M | 20M | 443M | 445M | 404M | 46M | 406M | -8M | 923M | 422M | -310M |
| Working Capital Changes | -299M | -357M | -644M | -879M | -156M | -476M | -234M | -713M | -553M | -333M | -615M | -747M | -380M | -348M | -112M | -451M | -770M | 83M | -71M | -672M |
| Change in Receivables | -65M | -69M | -40M | 46M | 112M | 97M | -163M | 53M | 17M | 176M | -163M | 163M | 17M | 176M | 249M | 222M | -138M | -720M | -163M | -55M |
| 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 | 95M | 140M | -59M | -269M | 176M | 0 | 0 | 0 | 0 | 0 | -351M | -122M | 47M | 54M | 195M | -14M | 0 | 215M | 5M | 4M |
| Cash from Investing | -125M | -240M | -122M | -74M | -205M | -142M | -95M | -113M | -136M | -183M | -95M | -166M | -136M | -183M | -298M | -218M | -100M | -147M | -114M | -211M |
| Capital Expenditures | -116M | -220M | -129M | -143M | -240M | -174M | -175M | -100M | -154M | -245M | -175M | -122M | -154M | -245M | -253M | -213M | -180M | -152M | -193M | -227M |
| CapEx % of Revenue | 3.08% | 5.7% | 3.47% | 3.82% | 6.32% | 4.65% | 4.64% | 2.67% | 4% | 6.49% | 4.68% | 2.91% | 3.62% | 5.69% | 6.05% | 4.97% | 4.06% | 3.34% | 4.21% | 4.78% |
| Acquisitions | 6M | 10M | 0 | 46M | 2M | 0 | 0 | 0 | 0 | 0 | 113M | -46M | 0 | 0 | 3M | 0 | 0 | 0 | 0 | 16M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -15M | -30M | 7M | 23M | 33M | 32M | 80M | -13M | 18M | 62M | -33M | 2M | 18M | 62M | -48M | -5M | 80M | 5M | 79M | 0 |
| Cash from Financing | 905M | -138M | -140M | -170M | -114M | -43M | -42M | -38M | -41M | -31M | -42M | -51M | -41M | -31M | -28M | -41M | 443M | 1.04B | 1.07B | 364M |
| Debt Issued (Net) | 959M | -35M | -34M | -36M | -40M | -36M | -37M | -30M | -35M | -27M | -37M | -38M | -35M | -27M | -56M | -28M | -17M | 2.87B | -24M | 122M |
| Equity Issued (Net) | -55M | -103M | -111M | -129M | -76M | -7M | -5M | -7M | -2M | -4M | -5M | -7M | -2M | -4M | 0 | -13M | 0 | 0 | 0 | 702M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -55M | -103M | -111M | -129M | -76M | -7M | -5M | -7M | -2M | -4M | -5M | -7M | -2M | -4M | 0 | -13M | 0 | 0 | 0 | 0 |
| Other Financing | 1M | 0 | 5M | -5M | 2M | 0 | 0 | -1M | -4M | 0 | 0 | -6M | -4M | 0 | 28M | 0 | 460M | -1.83B | 1.09B | -460M |
| Net Change in Cash | 1.27B | 12M | -130M | -323M | 284M | 279M | -109M | -339M | -156M | 115M | -110M | -281M | -156M | 115M | 12M | -266M | 12M | 1.49B | 708M | 43M |
| Free Cash Flow | 382M | 208M | 17M | -267M | 341M | 262M | -129M | -273M | -142M | 33M | -129M | -170M | -142M | 33M | 134M | -109M | -508M | 454M | -429M | -388M |
| FCF Margin % | 10.14% | 5.39% | 0.46% | -7.13% | 8.97% | 7% | -3.42% | -7.3% | -3.69% | 0.87% | -3.45% | -4.05% | -3.34% | 0.77% | 3.21% | -2.54% | -11.46% | 9.97% | -9.37% | -8.17% |
| FCF Growth % | 12.02% | -20.61% | 113.18% | 2.2% | 340.14% | 693.94% | 0% | -60.59% | 0% | 0% | -196.27% | -55.96% | 72.05% | -92.73% | 131.24% | 71.91% | 0% | - | - | - |
| FCF per Share | 1.68 | 0.89 | 0.07 | -1.10 | 1.42 | 1.09 | -0.56 | -1.16 | -0.62 | 0.14 | -0.56 | -0.75 | -0.62 | 0.15 | 0.59 | -0.48 | -2.27 | 2.03 | -1.92 | -1.73 |
| FCF Conversion (FCF/Net Income) | 29.29x | 7.51x | 2.15x | -2.21x | 8.54x | 2.03x | -1.07x | -15.73x | -0.27x | -6.47x | 4.18x | 0.34x | -0.02x | -2.62x | -1.38x | -0.42x | 1.43x | -0.82x | 0.34x | 0.41x |
| Interest Paid | 0 | 0 | 19M | 39M | 19M | 40M | 20M | 40M | 9M | 55M | 0 | 40M | 9M | 55M | 0 | 38M | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 25M | 67M | 26M | 34M | 35M | 54M | 0 | 0 | 0 | 54M | 58M | 72M | 0 | 8M | 0 | 0 | 0 | 0 |