Keysight Technologies, Inc. (KEYS) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 501M | 441M | 225M | 322M | 484M | 378M | 359M | 255M | 110M | 328M | 378M | 241M | 423M | 366M | 398M | 224M | 298M | 224M | 368M | 257M |
| Operating CF Margin % | 29.18% | 27.56% | 15.86% | 23.82% | 37.06% | 29.12% | 27.89% | 20.95% | 9.05% | 26.05% | 28.83% | 17.44% | 30.43% | 26.5% | 27.58% | 16.28% | 22.06% | 17.92% | 28.44% | 20.63% |
| Operating CF Growth % | 3.51% | 16.67% | -37.33% | 26.27% | 340% | 15.24% | -5.03% | 5.81% | -74% | -10.38% | -5.03% | 7.59% | 41.95% | 63.39% | 8.15% | -12.84% | -25.87% | -24.07% | 8.88% | 40.44% |
| Net Income | 349M | 281M | 229M | 191M | 257M | 169M | -73M | 389M | 126M | 172M | 226M | 288M | 283M | 260M | 299M | 338M | 258M | 229M | 282M | 254M |
| Depreciation & Amortization | 82M | 105M | 34M | -37M | 68M | 66M | 68M | 64M | 70M | 68M | 50M | 54M | 55M | 53M | 55M | 56M | 55M | 57M | 57M | 64M |
| Stock-Based Compensation | 58M | 0 | 33M | 31M | 36M | 62M | 26M | 29M | 36M | 48M | 25M | 26M | 30M | 54M | 23M | 25M | 27M | 50M | 20M | 19M |
| Deferred Taxes | -29M | -1M | -54M | -18M | -30M | -10M | 0 | -12M | -15M | 6M | -13M | 12M | -1M | -1M | -12M | 6M | 4M | 9M | -4M | -31M |
| Other Non-Cash Items | 185M | 139M | 205M | 99M | 28M | -27M | 302M | 8M | 7M | 4M | 127M | -3M | 9M | 46M | 21M | 13M | 24M | 11M | 6M | 6M |
| Working Capital Changes | -144M | -83M | -222M | 56M | 125M | 118M | 36M | -223M | -114M | 30M | -37M | -136M | 47M | -46M | 12M | -214M | -70M | -132M | 7M | -55M |
| Change in Receivables | -122M | -20M | -228M | 128M | 70M | 53M | -96M | -156M | -3M | 124M | -18M | -29M | 55M | 6M | -38M | -82M | -109M | 25M | -58M | -3M |
| Change in Inventory | -3M | -3M | 64M | -3M | 8M | -26M | 2M | -1M | -8M | -42M | -22M | -33M | -49M | -44M | -37M | -34M | -22M | -32M | -13M | -7M |
| Change in Payables | 59M | -13M | -3M | 22M | 23M | -16M | 30M | 7M | -12M | 1M | -8M | -13M | -22M | -19M | 15M | 10M | 35M | -4M | 43M | -8M |
| Cash from Investing | -38M | -44M | -1.63B | -31M | -33M | -33M | -38M | -150M | -120M | -969M | -38M | -45M | -145M | -60M | -61M | -48M | -93M | -49M | -115M | -41M |
| Capital Expenditures | -29M | -34M | -128M | 59M | -27M | -32M | -38M | -33M | -36M | -47M | -38M | -45M | -53M | -60M | -58M | -32M | -53M | -42M | -73M | -40M |
| CapEx % of Revenue | 1.69% | 2.13% | 9.02% | 4.36% | 2.07% | 2.47% | 2.95% | 2.71% | 2.96% | 3.73% | 2.9% | 3.26% | 3.81% | 4.34% | 4.02% | 2.33% | 3.92% | 3.36% | 5.64% | 3.21% |
| Acquisitions | -1M | -16M | -2.02B | 0 | -3M | 0 | -8M | -117M | -78M | -936M | 0 | 0 | -85M | 0 | 0 | -16M | -10M | -7M | -42M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1M | -1M | 601M | -90M | -3M | -1M | 8M | 0 | 5M | 3M | 12M | 0 | -7M | 0 | 0 | 0 | -30M | 0 | 0 | -1M |
| Cash from Financing | -229M | -99M | -102M | -28M | 589M | -74M | -160M | -132M | -73M | -90M | -428M | -119M | -1M | -139M | -127M | -207M | -280M | -247M | -354M | -53M |
| Debt Issued (Net) | 0 | 0 | -740M | -1M | 741M | 0 | -13M | 0 | -24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -204M | -55M | -68M | -18M | -153M | -75M | -153M | -150M | -46M | -61M | -426M | -117M | -1M | -92M | -126M | -239M | -278M | -175M | -353M | -82M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -204M | -87M | -99M | -50M | -153M | -75M | -154M | -150M | -46M | -93M | -426M | -151M | -1M | -125M | -126M | -239M | -278M | -206M | -353M | -80M |
| Other Financing | -25M | -44M | 706M | -9M | 1M | 1M | 6M | 18M | -3M | -29M | -2M | -2M | 0 | -47M | -1M | 32M | -2M | -72M | -1M | 29M |
| Net Change in Cash | 235M | 290M | -1.52B | -482M | 1.06B | 263M | 165M | -25M | -91M | -724M | -100M | 74M | 270M | 187M | 194M | -37M | -92M | -76M | -102M | 161M |
| Free Cash Flow | 472M | 407M | 187M | 381M | 457M | 346M | 321M | 222M | 74M | 281M | 340M | 196M | 370M | 306M | 340M | 192M | 245M | 182M | 295M | 217M |
| FCF Margin % | 27.49% | 25.44% | 13.18% | 28.18% | 34.99% | 26.66% | 24.94% | 18.24% | 6.09% | 22.32% | 25.93% | 14.18% | 26.62% | 22.16% | 23.56% | 13.95% | 18.13% | 14.56% | 22.8% | 17.42% |
| FCF Growth % | 3.28% | 17.63% | -41.74% | 71.62% | 517.57% | 23.13% | -5.59% | 13.27% | -80% | -8.17% | 0% | 2.08% | 51.02% | 68.13% | 15.25% | -11.52% | -33.6% | -31.84% | -4.22% | 43.71% |
| FCF per Share | 2.73 | 2.35 | 1.08 | 2.20 | 2.64 | 1.99 | 1.86 | 1.27 | 0.42 | 1.60 | 1.92 | 1.09 | 2.07 | 1.70 | 1.89 | 1.06 | 1.34 | 0.99 | 1.59 | 1.17 |
| FCF Conversion (FCF/Net Income) | 1.44x | 1.57x | 0.98x | 1.69x | 1.88x | 2.24x | -4.92x | 0.66x | 0.87x | 1.91x | 1.67x | 0.84x | 1.49x | 1.41x | 1.33x | 0.66x | 1.16x | 0.98x | 1.30x | 1.01x |
| Interest Paid | 0 | 0 | -39M | 0 | 39M | 0 | 37M | 0 | 38M | 0 | 38M | 0 | 37M | 0 | 38M | 0 | 37M | 0 | 38M | 0 |
| Taxes Paid | 0 | 0 | -74M | 30M | 35M | 9M | 16M | -16M | 134M | 12M | 75M | 88M | 166M | 14M | 34M | 35M | 110M | 12M | 30M | 45M |