KKR & Co. Inc. (KKR) 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 | 1.93B | 2.3B | 2.39B | 438.76M | 2.55B | -111.66M | 1.88B | 3.36B | 1.53B | 1.11B | 1.97B | -2.64B | -1.93B | -647.53M | -1.49B | -4.06B | 916.82M | -3.62B | -2.25B | -1.23B |
| Operating CF Margin % | 48.22% | 41.7% | 43.73% | 8.77% | 83.47% | -3.49% | 39.65% | 81.74% | 15.91% | 25.32% | 60.22% | -73.58% | -62.55% | -25.61% | -81.56% | -1396.96% | 91.74% | -89.26% | -50.21% | -39.35% |
| Operating CF Growth % | -24.32% | 2161.87% | 27.36% | -86.93% | 66.93% | -110.09% | -4.81% | 227.23% | 179.02% | 270.98% | 232.73% | 35.05% | -310.83% | 82.1% | 34.03% | -229.26% | 1353.07% | -100.31% | -59.73% | 7.31% |
| Net Income | 405.23M | 1.15B | 1.84B | 1.35B | 684.5M | 1.38B | 1.43B | 993.24M | 1.09B | 1.59B | 2.38B | 1.13B | 339.99M | -42.13M | 124.5M | -1.81B | 1.25B | 835.29M | 3.28B | 4.26B |
| Depreciation & Amortization | 39.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 152.05M | 182.23M | 173.63M | 183.57M | 193.46M | 184.67M | 184.91M | 183.41M | 140.22M | 146.59M | 147.53M | 184.13M | 170.62M | 174.11M | 216.72M | 168.79M | 233.49M | 119.62M | 88.54M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.3B | 258.65M | -845.75M | -690.37M | 395.87M | -798.32M | 396.42M | 1.36B | -1.05B | -1.19B | -1.38B | -2.97B | -3.45B | -19.72M | -2.38B | -1.44B | -299.24M | -3.37B | -7.03B | -6.15B |
| Working Capital Changes | 183.58M | 745.57M | 1.21B | -398.97M | 1.29B | -891.08M | -139.5M | 821.19M | 1.3B | 563.34M | 822.68M | -947.58M | 990.23M | -756.3M | 599.29M | -1.03B | -205.13M | -1.31B | 1.38B | 561.56M |
| Change in Receivables | 0 | 0 | 230.48M | -28.31M | 365.96M | 257.39M | -748.52M | 473.63M | 583.29M | 490.06M | 587.83M | 246.61M | 0 | -110M | 228.91M | 275.16M | 291.42M | 250.09M | 292.94M | -152.36M |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 3.43B | -4.51B | -7.01B | -1.89B | -3.15B | -2.25B | -5.12B | -5.48B | -6.2B | 812.97M | -1.08B | 199.39M | -3.82B | -2.97B | -3.59B | -5.09B | -2B | -2.59B | -4.47B | -2.17B |
| Capital Expenditures | -27.42M | -33.84M | -38.72M | -67.36M | -20.85M | -53.17M | -44.6M | -26.47M | -17.3M | -29.21M | -17.42M | -38.55M | -23.21M | -26.47M | -24.41M | -22.29M | -11.89M | -19.53M | -32.95M | -21.84M |
| CapEx % of Revenue | 0.69% | 0.61% | 0.71% | 1.35% | 0.68% | 1.66% | 0.94% | 0.64% | 0.18% | 0.67% | 0.53% | 1.07% | 0.75% | 1.05% | 1.34% | 7.66% | 1.19% | 0.48% | 0.73% | 0.7% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 317.08B | 320.45B | 250.33B | 238.01B | 230.35B | 221.31B | 222.45B | 216.11B | 214.55B | 198.11B | 191.96B | 231.48B | 227.35B | 216.57B | 208.49B | 207.7B | 211.57B | 212.54B | 211.12B | 184.49B |
| Other Investing | 10.48M | -17.17M | -144.63M | 15.66M | -119K | 6.99M | 13.97M | -2.31M | 16.06M | 20.8M | 42.58M | -21.83M | 17.92M | -10.16M | 11.37M | -26.68M | -11M | 729.49M | -1.04B | 218.89M |
| Cash from Financing | -2.96B | -3.52B | 9.43B | 990.82M | 3.6B | 2.89B | 2.08B | 2.06B | 44.96M | 7.14B | 104.12M | 3.45B | 2.07B | 5.4B | 4.35B | 8.16B | 4.15B | 4.24B | 7.23B | 4.44B |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -191.31M | -11.58M | -4.57M | -106.08M | 2.54B | -31.98M | -84K | -92.95M | 0 | -9.92M | -17.57M | -272.27M | 0 | 0 | 0 | 0 | -346.65M | -133.78M | -155M | -64.56M |
| Dividends Paid | -205.24M | -205.31M | -205.25M | -202.54M | -155.44M | -155.44M | -155.31M | -155.3M | -146.03M | -146.03M | -158.76M | -159.52M | -150.72M | -150.72M | -150.52M | -109.1M | -102.99M | -102.03M | -104.31M | -109.9M |
| Share Repurchases | -191.31M | -11.58M | -4.57M | -106.08M | -694K | -31.98M | -84K | -92.95M | 0 | -9.92M | -17.57M | -272.27M | 0 | 0 | 0 | 0 | -346.65M | -133.78M | 0 | -64.56M |
| Other Financing | -3.21B | -3.08B | 7.54B | 740.21M | 1.72B | 2.04B | 1.71B | 1.2B | -597.99M | 6.55B | 301.23M | 2.51B | 703.88M | 3.89B | 2.83B | 5.1B | 4.56B | 2.31B | 3.86B | 3.07B |
| Net Change in Cash | 2.33B | -5.73B | 4.83B | -337.29M | 3.03B | 405.51M | -1.11B | -95.76M | -4.64B | 9.1B | 962.12M | 1.02B | -3.66B | 1.76B | -742.38M | -1.17B | 3.02B | -1.99B | 494.49M | 1.04B |
| Free Cash Flow | 1.9B | 2.27B | 2.35B | 371.39M | 2.53B | -164.82M | 1.83B | 3.33B | 1.51B | 1.08B | 1.95B | -2.68B | -1.96B | -674.01M | -1.51B | -4.09B | 904.93M | -3.64B | -2.28B | -1.26B |
| FCF Margin % | 47.53% | 41.09% | 43.02% | 7.42% | 82.79% | -5.15% | 38.71% | 81.09% | 15.73% | 24.65% | 59.69% | -74.66% | -63.3% | -26.65% | -82.9% | -1404.62% | 90.55% | -89.74% | -50.95% | -40.05% |
| FCF Growth % | -24.78% | 1476.24% | 28.35% | -88.85% | 67.46% | -115.29% | -6.24% | 224.41% | 177.2% | 259.93% | 229.43% | 34.46% | -316.16% | 81.47% | 33.92% | -225.31% | 996.92% | -96.82% | -58.05% | 7.76% |
| FCF per Share | 1.99 | 2.37 | 2.46 | 0.39 | 2.85 | -0.17 | 1.94 | 3.57 | 1.63 | 1.18 | 2.15 | -2.94 | -2.20 | -0.76 | -1.70 | -6.00 | 1.53 | -5.65 | -3.58 | -1.99 |
| FCF Conversion (FCF/Net Income) | 4.76x | 2.01x | 2.65x | 0.86x | -13.71x | -0.10x | 3.12x | 5.03x | 2.24x | 1.06x | 1.32x | -3.06x | -5.69x | -6.45x | -29.77x | 5.66x | 122.83x | -6.89x | -1.95x | -0.94x |
| Interest Paid | 0 | 0 | 653.87M | 685.26M | 602.63M | 791.84M | 662.8M | 736.95M | 745.41M | 732.42M | 729.05M | 662.71M | 566.9M | 387.53M | 395.01M | 387.81M | 329.78M | 365.47M | 260.37M | 326.63M |
| Taxes Paid | 0 | 0 | 369M | 452.11M | 73.6M | -482.67M | 107.94M | 335.35M | 39.38M | 171.55M | 211.62M | 576.81M | 21.44M | 208.77M | 172.54M | 359.25M | 24.41M | 194.59M | 107.42M | 345.52M |