North American Construction Group Ltd. (NOA) 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 | 29.78M | 53.5M | 91.82M | 64.67M | 51.42M | 98.54M | 48.18M | 66.43M | 18.96M | 160.87M | 37.51M | 40.19M | 31.82M | 78.1M | 31.43M | 27.55M | 24.18M | 52.08M | 32.19M | 17.95M |
| Operating CF Margin % | 9.31% | 17.52% | 28.94% | 20.17% | 15.09% | 32.25% | 16.8% | 24.04% | 6.38% | 49.3% | 19.26% | 20.59% | 13.03% | 33.46% | 16.42% | 16.4% | 13.69% | 28.77% | 19.39% | 12.88% |
| Operating CF Growth % | -42.08% | -45.71% | 90.57% | -2.64% | 171.21% | -38.74% | 28.45% | 65.31% | -40.43% | 105.98% | 19.34% | 45.85% | 31.59% | 49.97% | -2.34% | 53.5% | -27.7% | -16.99% | 1812.36% | -47.07% |
| Net Income | 5.57M | 124.9K | 17.3M | 10.25M | 6.16M | 4.81M | 13.9M | 14.5M | 11.51M | 17.65M | 11.39M | 12.26M | 21.85M | 26.08M | 20.22M | 5.83M | 13.56M | 12.1M | 13.97M | 2.21M |
| Depreciation & Amortization | 56.71M | 52.97M | 49.49M | 54.51M | 60.71M | 44.77M | 38.35M | 43.15M | 47.86M | 41.99M | 28.59M | 24.35M | 36.38M | 35.86M | 26.38M | 20.45M | 30.69M | 22.97M | 21.43M | 21.34M |
| Stock-Based Compensation | 0 | 0 | -156K | 964K | -3.41M | 5.63M | 1.33M | -1.86M | 3.61M | -496K | 5.11M | 4.8M | 5.94M | 4.91M | 437K | 0 | 1.28M | 0 | -62K | 0 |
| Deferred Taxes | 1.86M | 1.22M | 6.02M | 4.97M | 2.47M | 7.91M | 4.53M | 6.62M | 171K | 7.29M | 238K | 1.19M | 7.27M | 6.46M | 4.28M | 948.85K | 3.48M | 1.63M | 1.82M | -436.08K |
| Other Non-Cash Items | -740.91K | -315.74K | -361K | -6.81M | 9.99M | -3.6M | 21.72M | 15.59M | 10.03M | 18.27M | -3.66M | -15.46M | -5.6M | -8.84M | -11.51M | -1.32M | -4.15M | -1.24M | -5.64M | -2.85M |
| Working Capital Changes | -33.62M | -491.6K | 19.53M | 788K | -24.51M | 39.03M | -31.65M | -11.57M | -54.23M | 76.17M | -4.15M | 13.04M | -34.01M | 13.63M | -8.38M | 1.64M | -20.67M | 16.62M | 669K | -2.31M |
| Change in Receivables | -19.34M | 24.8M | 24.7M | -4.5M | -35.55M | 1.9M | -17.31M | 639K | -26.5M | 31.03M | 346K | 13.39M | -8.49M | 7.45M | -20.03M | -6.72M | 10.14M | -1.27M | -16.32M | 13.4M |
| Change in Inventory | 1.91M | -5.61M | 516K | -296K | -4.85M | 6.29M | -7.06M | 987K | 734K | 4.67M | -917K | -2.9M | -3.37M | -5.76M | 3.26M | 5.15M | -9.48M | 3.8M | -7.23M | -5.06M |
| Change in Payables | -1.25M | -20.69M | -21.09M | 3.02M | 27.44M | -7.51M | 1.4M | -5.48M | -20.65M | 22.46M | -4.77M | 5.57M | -13.67M | 3.88M | 11.47M | 6.66M | -11.19M | 4.33M | 20.74M | -2.31M |
| Cash from Investing | -46.29M | -33.34M | -65.86M | -71.82M | -93.78M | -75.76M | -60.22M | -87.02M | -66.09M | -137.76M | -26.97M | -39.24M | -40.92M | -17.52M | -28.04M | -19.48M | -26.81M | -19.21M | -31.76M | -17.74M |
| Capital Expenditures | -49.38M | -49.44M | -66.12M | -74.66M | -93.07M | -76.37M | -61.81M | -80.36M | -76.02M | -88.6M | -39.42M | -38.42M | -36.5M | -28.41M | -31.85M | -21.87M | -25.27M | -20.89M | -28.73M | -25.46M |
| CapEx % of Revenue | 15.43% | 16.19% | 20.84% | 23.29% | 27.31% | 24.99% | 21.55% | 29.08% | 25.59% | 27.15% | 20.24% | 19.68% | 14.94% | 12.17% | 16.64% | 13.01% | 14.3% | 11.54% | 17.31% | 18.28% |
| Acquisitions | 2.41M | 5.94M | 0 | 0 | 0 | -3.86M | 0 | 0 | 0 | -51.67M | 1.77M | 1.84M | -387K | -2.04M | 322K | 1.19M | -163K | 1.22M | -11.39M | 6.65M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 257K | 2.84M | -708K | 4.47M | 1.59M | -6.66M | 5.91M | 2.51M | 3.17M | -817K | -4.03M | -3.83M | 3.48M | 944.96K | -1.38M | 0 | 8.37M | 694.5K |
| Cash from Financing | 30.44M | -20.99M | -5.63M | 7.02M | 43.8M | -22.42M | 19.98M | 9.71M | 38.72M | 21.89M | 9.25M | 5.56M | -44.45M | -14.52M | 7.7M | -14.62M | 6.16M | -31.62M | -1.37M | -12.27M |
| Debt Issued (Net) | 45.64M | 13.93M | 14.41M | 47.71M | 50.34M | 4.43M | 24.74M | 33.46M | 41.5M | 40.83M | 17.51M | 8.33M | -42.23M | -12.27M | 27.8M | 775.69K | 8.23M | -30.73M | 5.06M | -11.17M |
| Equity Issued (Net) | -11.92M | -12.89M | -16.56M | -9.61M | -2.64M | -4.42M | -2.13M | -117K | -112K | -113K | -5.62M | -147K | -116K | -115K | -17.57M | -13.62M | -935K | 9.49K | -5.28M | -198.66K |
| Dividends Paid | -3.28M | -3.38M | -3.43M | -3.56M | -3.02M | -2.68M | -2.61M | -2.67M | -2.67M | -2.67M | -2.64M | -2.62M | -2.1M | -2.13M | -2.23M | -1.77M | -1.14M | -901.28K | -1.12M | -906.89K |
| Share Repurchases | -11.92M | -12.89M | -16.56M | -9.61M | -2.64M | -4.42M | -2.13M | -117K | -112K | -113K | -5.62M | -147K | -116K | -115K | -17.57M | -13.62M | -935K | -52.18K | -5.28M | -477.27K |
| Other Financing | 0 | -18.65M | -48K | -27.52M | -865K | -19.76M | -13K | -20.96M | 0 | -16.15M | 0 | 0 | 0 | -18K | -300K | 0 | 0 | 0 | -34K | 0 |
| Net Change in Cash | 19.76M | -85.29K | 22.61M | 784K | 366K | 205K | 9.33M | -11.75M | -8.52M | 48.17M | 18.69M | 6.09M | -53.48M | 45.96M | 11.47M | -6.98M | 3.52M | 1.29M | -953K | -11.69M |
| Free Cash Flow | -19.02M | 6.3M | 24.98M | -10.57M | -42.37M | 21.93M | -15.9M | -14.63M | -58.03M | 71.71M | -1.9M | 1.77M | -4.67M | 49.68M | -415K | 6.49M | -2.65M | 31.57M | 3.45M | -7.31M |
| FCF Margin % | -5.94% | 2.06% | 7.87% | -3.3% | -12.43% | 7.17% | -5.54% | -5.3% | -19.54% | 21.98% | -0.98% | 0.9% | -1.91% | 21.29% | -0.22% | 3.87% | -1.5% | 17.44% | 2.08% | -5.24% |
| FCF Growth % | 55.11% | -71.27% | 257.04% | 27.76% | 26.98% | -69.42% | -735.35% | -928.65% | -1141.46% | 44.33% | -358.8% | -72.81% | -76.18% | 57.37% | -112.03% | 188.88% | -125.94% | -10.96% | 115.94% | -187.73% |
| FCF per Share | -0.67 | 0.22 | 0.77 | -0.32 | -1.47 | 0.66 | -0.48 | -0.44 | -1.76 | 2.17 | -0.06 | 0.05 | -0.14 | 1.49 | -0.01 | 0.22 | -0.08 | 0.90 | 0.10 | -0.24 |
| FCF Conversion (FCF/Net Income) | 5.35x | 428.38x | 5.31x | 6.31x | 8.34x | 20.50x | 3.47x | 4.58x | 1.65x | 9.12x | 3.29x | 3.28x | 1.46x | 2.99x | 1.55x | 3.67x | 1.78x | 3.40x | 2.30x | 6.55x |
| Interest Paid | 0 | 0 | 13.5M | 12.54M | 16.18M | 30.52M | 10.99M | 10.55M | 12.41M | 11.77M | 0 | 0 | 6.92M | 0 | 0 | 0 | 3.92M | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 201K | 2.45M | 3.79M | 318K | 9.29M | 2.99M | 3.32M | 0 | 0 | 0 | 88K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |