Par Pacific Holdings, Inc. (PARR) 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 | -40.71M | 200.22M | 139.63M | 133.58M | -1.4M | -15.47M | 78.49M | -4.68M | 25.43M | -2.29M | 269.2M | 173.15M | 139.09M | 83.55M | 341.4M | 35.34M | -7.68M | -82.22M | 52.78M | 32.55M |
| Operating CF Margin % | -2.23% | 11.04% | 6.94% | 7.05% | -0.08% | -0.84% | 3.66% | -0.23% | 1.28% | -0.1% | 10.44% | 9.71% | 8.25% | 4.62% | 16.6% | 1.68% | -0.57% | -6.36% | 4.03% | 2.67% |
| Operating CF Growth % | -2809.72% | 1394.61% | 77.9% | 2956.67% | -105.5% | -575.67% | -70.84% | -102.7% | -81.72% | -102.74% | -21.15% | 389.91% | 1909.95% | 201.63% | 546.84% | 8.57% | 75% | -30.16% | 775.44% | 68.94% |
| Net Income | 54.45M | 77.7M | 262.63M | 59.46M | -30.4M | -55.7M | 7.49M | 18.64M | -3.75M | 289.32M | 171.41M | 30.01M | 237.89M | 84.72M | 267.4M | 149.13M | -137.05M | 8.09M | 81.8M | -108.96M |
| Depreciation & Amortization | 34.46M | 36.74M | 36.28M | 34.71M | 36.59M | 34.91M | 31.88M | 32.14M | 32.66M | 31.94M | 35.31M | 28.22M | 24.36M | 25.28M | 25.13M | 25.58M | 23.78M | 24.2M | 23.62M | 23.55M |
| Stock-Based Compensation | 0 | 0 | 0 | 4.48M | 3.55M | 3.22M | 2.98M | 3.09M | 16.41M | 2.68M | 2.87M | 3.77M | 2.32M | 1.97M | 1.61M | 2.11M | 3.66M | 2.07M | 2.02M | 2.19M |
| Deferred Taxes | 0 | -1.07M | 72.69M | 15.47M | -6.89M | -11.8M | 5.71M | 6.16M | -2.63M | -129.94M | 2.45M | 1.16M | 67K | -408K | 67K | 615K | 0 | -269K | 9K | 0 |
| Other Non-Cash Items | -129.62M | 21.64M | -6.25M | -103.48M | -1.06M | -5.97M | -36.75M | -3.41M | 26.57M | -65.97M | -14.51M | 21.97M | -5.76M | 20.52M | 3.63M | -22.59M | -12.92M | -6.23M | 10.68M | 10.21M |
| Working Capital Changes | 0 | 65.21M | -225.72M | 122.94M | -3.17M | 19.86M | 67.18M | -61.3M | -43.83M | -130.32M | 71.67M | 88.02M | -119.78M | -48.53M | 43.56M | -119.5M | 114.85M | -110.06M | -65.35M | 105.57M |
| Change in Receivables | 0 | 35.78M | 37.45M | -2.36M | 13.8M | 31.2M | 56.77M | -32.84M | -81.17M | 160.13M | -138.12M | -109.53M | -24.91M | 34.02M | 83.41M | -134.56M | -40.26M | -427K | 15.93M | -54.43M |
| Change in Inventory | -61.23M | 120.94M | -311.63M | 14.71M | 31.87M | -9.8M | 173.92M | -128.54M | 27.27M | 66.63M | 14.02M | -12.76M | 112.34M | -130.03M | 245.44M | -133.18M | -236.66M | -155.53M | -11.01M | -44.96M |
| Change in Payables | 0 | 0 | 0 | 205.57M | 0 | -61.67M | -47.65M | 198.54M | -146.56M | -164.98M | 103.9M | 260.9M | -22.83M | 2.81M | -246.16M | 84.18M | 215.01M | -17.05M | -48.8M | 127.1M |
| Cash from Investing | -43.07M | -23.73M | -32.27M | -45.87M | -40.92M | -47.67M | -28.33M | -35.35M | -22.63M | -27.29M | -5.73M | -623.56M | -2.46M | -49.65M | -8.71M | -12.68M | -16.27M | -7.73M | -6.49M | -5.83M |
| Capital Expenditures | -43.07M | -27.54M | -32.28M | -48.13M | -40.93M | -47.68M | -28.33M | -36.89M | -22.64M | -28.56M | -22.99M | -17.52M | -13.21M | -14.97M | -9.04M | -12.69M | -16.33M | -8.52M | -7.01M | -5.83M |
| CapEx % of Revenue | 2.36% | 1.52% | 1.6% | 2.54% | 2.35% | 2.6% | 1.32% | 1.83% | 1.14% | 1.31% | 0.89% | 0.98% | 0.78% | 0.83% | 0.44% | 0.6% | 1.21% | 0.66% | 0.53% | 0.48% |
| Acquisitions | 0 | 3.81M | 11K | 2.26M | 0 | 0 | 0 | 0 | 0 | 0 | 12.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 12K | 1K | 0 | 1.53M | 10K | 1.27M | 4.46M | -606.05M | 10.76M | -34.68M | 329K | 8K | 60K | 790K | 517K | -2K |
| Cash from Financing | 91.83M | -171.44M | -117.5M | -52.26M | -15.85M | 72.09M | -46.83M | -8.61M | -53.61M | -56.56M | -92.85M | -19.94M | 33.75M | 47.93M | -109.77M | 22.64M | 52.61M | 860K | -17.31M | -67.13M |
| Debt Issued (Net) | 0 | -218.52M | -73.85M | -23.81M | 35.32M | 468.76M | -22.86M | 232.33M | -18.57M | 132.47M | -48.59M | 40.77M | 42.9M | 10.28M | -15.29M | -75.08M | 18.1M | 6.16M | -7.44M | -93.95M |
| Equity Issued (Net) | 0 | -24.87M | -18.53M | -29.74M | -51.1M | -15.29M | -23.17M | -69.4M | -34.11M | -35.61M | -27.04M | -2.6M | -2.57M | -504K | -847K | -95K | -6.39M | 0 | -15K | -210K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -27.57M | -16.44M | -29.74M | -51.1M | -15.29M | -23.17M | -69.4M | -34.11M | -35.61M | -27.04M | -2.6M | -2.57M | -504K | -847K | -95K | -6.39M | 0 | -15K | -2K |
| Other Financing | 91.83M | 71.95M | -25.12M | 1.29M | -72K | -381.38M | -804K | -171.54M | -934K | -153.41M | -17.22M | -58.11M | -6.58M | 38.15M | -93.64M | 97.82M | 40.9M | -5.3M | -9.86M | 27.04M |
| Net Change in Cash | 8.06M | 5.06M | -10.14M | 35.45M | -58.17M | 8.95M | 3.32M | -48.64M | -50.81M | -86.13M | 170.62M | -470.36M | 170.39M | 81.83M | 222.91M | 45.3M | 28.65M | -89.08M | 28.98M | -40.4M |
| Free Cash Flow | -83.78M | 172.69M | 107.35M | 85.45M | -42.33M | -63.14M | 50.16M | -41.57M | 2.79M | -30.85M | 246.22M | 155.63M | 125.88M | 68.59M | 332.36M | 22.66M | -24.02M | -90.73M | 45.77M | 26.72M |
| FCF Margin % | -4.59% | 9.52% | 5.33% | 4.51% | -2.43% | -3.45% | 2.34% | -2.06% | 0.14% | -1.41% | 9.55% | 8.72% | 7.47% | 3.79% | 16.16% | 1.08% | -1.78% | -7.01% | 3.49% | 2.19% |
| FCF Growth % | -97.9% | 373.49% | 114.04% | 305.58% | -1617.82% | -104.69% | -79.63% | -126.71% | -97.78% | -144.98% | -25.92% | 586.95% | 624.12% | 175.59% | 626.13% | -15.22% | 38.28% | -7.71% | 327.72% | 559.66% |
| FCF per Share | -1.69 | 3.39 | 2.11 | 1.68 | -0.79 | -1.14 | 0.89 | -0.72 | 0.05 | -0.51 | 4.01 | 2.55 | 2.06 | 1.14 | 5.55 | 0.38 | -0.40 | -1.52 | 0.77 | 0.45 |
| FCF Conversion (FCF/Net Income) | -0.75x | 2.58x | 0.53x | 2.25x | 0.05x | 0.28x | 10.48x | -0.25x | -6.78x | -0.01x | 1.57x | 5.77x | 0.58x | 0.99x | 1.28x | 0.24x | 0.06x | -10.17x | 0.65x | -0.30x |
| Interest Paid | 0 | 0 | 0 | 18.46M | 19.44M | 0 | 20.63M | 10.88M | 16.32M | 0 | 20.28M | 17.93M | 20.04M | 0 | 12.43M | 19.65M | 11.09M | 17.57M | 10.05M | 20.23M |
| Taxes Paid | 0 | 0 | 0 | 13K | 26K | 0 | 522K | 7.7M | 3.15M | 0 | -623K | 2.36M | 454K | 0 | -4K | 13K | 0 | 35K | 0 | 0 |