LPL Financial Holdings Inc. (LPLA) 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 | 300.42M | 661.9M | -1.73B | 193.3M | 339.81M | -178.78M | 209.34M | -178.87M | 425.9M | 142.55M | 173.17M | 402.81M | -205.92M | -176.57M | 2.12B | 72.68M | -75.12M | 253.46M | 258.4M | -119.14M |
| Operating CF Margin % | 6.08% | 13.42% | -38% | 5.04% | 9.26% | -5.09% | 6.73% | -6.1% | 15.04% | 5.39% | 6.87% | 16.32% | -8.52% | -7.57% | 98.22% | 3.56% | -3.64% | 12.1% | 12.79% | -6.28% |
| Operating CF Growth % | -11.59% | 470.23% | -926.2% | 208.07% | -20.21% | -225.42% | 20.88% | -144.41% | 306.83% | 180.73% | -91.85% | 454.22% | -174.13% | -169.66% | 722.2% | 161% | -224.35% | -22.32% | 105.87% | -176.9% |
| Net Income | 356.4M | 300.72M | -29.52M | 273.25M | 318.57M | 270.75M | 255.3M | 243.8M | 288.76M | 217.56M | 224.29M | 285.52M | 338.88M | 319.08M | 232.33M | 160.54M | 133.74M | 108.08M | 103.06M | 119.1M |
| Depreciation & Amortization | 172.98M | 190.88M | 164.43M | 142.33M | 135.88M | 134.65M | 110.8M | 101.61M | 96.71M | 96.55M | 92.39M | 85.12M | 80.15M | 76.78M | 74.32M | 69.62M | 66.65M | 61.19M | 59.94M | 56.63M |
| Stock-Based Compensation | 0 | 20.42M | 19.41M | 20.32M | 19.25M | 26.81M | 20.97M | 20.65M | 23.34M | 16.15M | 16.47M | 17.42M | 18.64M | 12.9M | 12.05M | 14.32M | 13.34M | 10.21M | 10.25M | 11.74M |
| Deferred Taxes | 0 | 0 | -171K | -106K | -72K | -76.28M | 103K | -69K | 4K | -68.29M | -18K | -46K | -96K | -92.99M | -50K | -86K | -219K | 18.84M | -125K | -119K |
| Other Non-Cash Items | 162.37M | 273.82M | 120.04M | 111.29M | 105.94M | 136.47M | 87.59M | 102.46M | 79.07M | 99.6M | 63.59M | 59.55M | 64.63M | 83.22M | 31.85M | 49.21M | 50.55M | 54.49M | 37.15M | 34.06M |
| Working Capital Changes | -391.34M | -123.94M | -2B | -353.79M | -239.75M | -671.17M | -265.43M | -647.32M | -61.99M | -219.01M | -223.55M | -44.75M | -708.12M | -575.57M | 1.77B | -220.92M | -339.19M | 654K | 48.13M | -340.56M |
| Change in Receivables | -458.72M | -340.3M | -1.2B | -295.62M | -350.58M | -537.23M | -311.39M | -103.34M | -337.36M | -217.87M | -227.94M | -125.04M | -116.78M | -51.49M | -67.1M | -112.62M | -154.78M | -130.34M | -224.11M | -381.68M |
| 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 | -106.72M | 316.99M | -29.15M | 141.22M | 162.61M | -159.16M | 92.15M | -430.06M | 132.38M | 410.77M | -133.04M | 27.72M | -687.37M | -679.49M | 1.85B | 25.08M | -182.32M | 58.35M | 218.43M | 20.64M |
| Cash from Investing | -321.54M | -130.3M | -1.68B | -250.47M | -199.16M | -1.03B | -181.18M | -246.31M | -129.94M | -201.69M | -156.34M | -151.32M | -350.84M | -98.75M | -105.51M | -97.41M | -74.73M | -79.08M | -54.07M | -285.62M |
| Capital Expenditures | -165.76M | -171.68M | -142.24M | -136.99M | -119.47M | -165.52M | -147.06M | -128.92M | -121.02M | -105.85M | -95.04M | -101.14M | -101.25M | -74.42M | -82.37M | -76.26M | -73.55M | -76.03M | -54.99M | -43.87M |
| CapEx % of Revenue | 3.36% | 3.48% | 3.12% | 3.57% | 3.26% | 4.71% | 4.73% | 4.4% | 4.27% | 4% | 3.77% | 4.1% | 4.19% | 3.19% | 3.81% | 3.74% | 3.56% | 3.63% | 2.72% | 2.31% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 472.25M | 183.06M | 563.38M | 453.36M | 419.09M | 336.16M | 344.89M | 300.78M | 254.54M | 268.44M | 200.49M | 172.76M | 159.46M | 174.86M | 141.19M | 126.03M | 136.96M | 144.17M | 23.77M | 21.38M |
| Other Investing | -12.32M | 120.8M | -1.47M | -1.61M | -1.43M | -9.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -243.01M |
| Cash from Financing | -127.67M | -297.6M | 320.61M | 3.12B | 29.97M | 934.82M | -24.11M | 556.57M | -49.85M | 365.27M | -154.79M | -221.16M | -197.85M | -166.63M | -93.58M | -68.62M | -175.45M | 23.1M | -56.24M | 379.49M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 5.02M | -836K | 1.68B | 1.73B | -100.24M | -100.09M | 3.7M | 5.03M | -70M | -225.02M | -250.02M | -350.04M | -275.02M | -150.01M | -75.01M | -50.01M | -50.01M | -50.01M | -40.01M | -1.45M |
| Dividends Paid | -24.05M | -24.02M | -24M | -24M | -22.39M | -22.46M | -22.43M | -22.42M | -22.41M | -22.63M | -22.84M | -23.14M | -23.58M | -19.89M | -19.95M | -19.98M | -20.01M | -20.03M | -20.06M | -20.03M |
| Share Repurchases | 0 | -836K | 0 | 1.73B | -100.24M | -100.09M | 0 | 0 | -70M | -225.02M | -250.02M | -350.04M | -275.02M | -150.01M | -75.01M | -50.01M | -50.01M | -50.01M | -40.01M | -1.45M |
| Other Financing | -29.64M | -7.4M | -1.68B | -82.36M | -48.07M | 9.64M | -2.63M | -20.6M | -75.67M | -1.82M | -4.23M | 2.74M | -31.5M | 5.96M | 4.16M | 4.18M | -12.6M | 5.88M | 6.59M | 3.8M |
| Net Change in Cash | -148.79M | 234M | -3.09B | 3.06B | 170.62M | -278.65M | 4.04M | 131.39M | 246.11M | 306.13M | -137.96M | 30.34M | -754.62M | -441.95M | 1.93B | -93.34M | -325.29M | 197.48M | 148.09M | -25.28M |
| Free Cash Flow | 134.65M | 490.22M | -1.87B | 56.31M | 220.34M | -344.3M | 62.27M | -307.79M | 304.88M | 36.7M | 78.13M | 301.67M | -307.17M | -251M | 2.04B | -3.58M | -148.66M | 177.44M | 203.42M | -163.01M |
| FCF Margin % | 2.73% | 9.94% | -41.12% | 1.47% | 6% | -9.8% | 2% | -10.5% | 10.76% | 1.39% | 3.1% | 12.22% | -12.7% | -10.76% | 94.41% | -0.18% | -7.2% | 8.47% | 10.07% | -8.59% |
| FCF Growth % | -38.89% | 242.38% | -3105.74% | 118.3% | -27.73% | -1038.23% | -20.3% | -202.03% | 199.25% | 114.62% | -96.17% | 8528.89% | -106.62% | -241.45% | 903.95% | 97.8% | -870.23% | -37.23% | 138.01% | -101.34% |
| FCF per Share | 1.67 | 6.10 | -23.29 | 0.72 | 2.93 | -4.57 | 0.83 | -4.07 | 4.04 | 0.48 | 1.01 | 3.86 | -3.84 | -3.09 | 25.13 | -0.04 | -1.82 | 2.17 | 2.49 | -1.99 |
| FCF Conversion (FCF/Net Income) | 0.84x | 2.20x | 58.59x | 0.71x | 1.07x | -0.66x | 0.82x | -0.73x | 1.47x | 0.66x | 0.77x | 1.41x | -0.61x | -0.55x | 9.14x | 0.45x | -0.56x | 2.35x | 2.51x | -1.00x |
| Interest Paid | 72.29M | 141.57M | 79.35M | 105.44M | 53.56M | 106.69M | 43.55M | 74.56M | 43.54M | 57.02M | 50.33M | 44.13M | 39.87M | 32.44M | 32.45M | 29.51M | 24.43M | 26.02M | 26.06M | 17.88M |
| Taxes Paid | 12.26M | 0 | 11.23M | 293.98M | 8.99M | -301.5M | 103.47M | 188.83M | 9.21M | 446.86M | 13.86M | 64.83M | 10.4M | 81.09M | 64.33M | 87.6M | 5.13M | 11.13M | 32.83M | 95.49M |