Penumbra, Inc. (PEN) 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 | 86.97M | 86.48M | 58.26M | 44.95M | 48.97M | 51.11M | 56.47M | 22.61M | 38.3M | 36.26M | 30.84M | 17.1M | 13.13M | 1.34M | -12.91M | -39.58M | -4.51M | -9.27M | 36.45M | -3.31M |
| Operating CF Margin % | 23.21% | 22.44% | 16.43% | 13.24% | 15.11% | 16.2% | 18.76% | 7.55% | 13.74% | 12.74% | 11.38% | 6.54% | 5.44% | 0.6% | -6.04% | -19% | -2.21% | -4.54% | 19.17% | -1.8% |
| Operating CF Growth % | 77.6% | 69.22% | 3.18% | 98.78% | 27.88% | 40.94% | 83.07% | 32.24% | 191.68% | 2612.12% | 338.93% | 143.21% | 390.85% | 114.42% | -135.42% | -1095.62% | 68.58% | -345.03% | 1126.76% | 84.74% |
| Net Income | 32.58M | -130.34M | 45.85M | 45.27M | 39.22M | 33.68M | 29.53M | -60.2M | 11M | 54.22M | 9.21M | 18.96M | 8.56M | 3.88M | -2.27M | -3.69M | 79K | -24.63M | 8.85M | 9.23M |
| Depreciation & Amortization | 4.57M | 4.46M | 2.49M | 5.51M | 5.01M | 4.39M | 4.15M | 7.65M | 7.52M | 10.39M | 6.93M | 6.71M | 6.58M | 6.44M | 6.22M | 5.93M | 5.73M | 5.75M | 3.63M | 3.55M |
| Stock-Based Compensation | 0 | 15.26M | 15.93M | 14.23M | 13.79M | 12.1M | 10.94M | 9.56M | 13.57M | 0 | 14.14M | 12.82M | 12.77M | 10M | 9.7M | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -727K | 15.06M | 14.72M | -6.75M | -2M | 4.6M | 2.8M | -24.21M | 475K | -19.03M | 2.42M | -1.5M | -953K | -1.35M | 5.54M | 1.64M | -4.38M | -14.9M | -1.76M | 1.35M |
| Other Non-Cash Items | 15.07M | 178.48M | 1.28M | 966K | 2.94M | 5.43M | 5.46M | 113.69M | 137K | 8.1M | 21.1M | 3.84M | 1.15M | 1.79M | 2.11M | 10.03M | 8.47M | 43.18M | 7.82M | 10.25M |
| Working Capital Changes | 35.47M | 3.56M | -22M | -14.28M | -9.99M | -9.09M | 3.59M | -23.88M | 5.59M | -17.42M | -22.96M | -23.73M | -14.97M | -19.42M | -34.22M | -53.48M | -14.41M | -18.67M | 17.91M | -27.69M |
| Change in Receivables | 5.54M | -6.82M | -8.45M | -4.78M | 543K | 3.23M | 25.39M | -10.49M | 8.46M | 6.34M | 1.81M | -4.88M | -3.54M | -12.5M | -3.06M | -45.59M | -8.71M | -14.38M | 15.94M | -9.96M |
| Change in Inventory | -9.02M | -630K | -3.72M | -11.37M | -10.76M | 2.71M | -23.04M | -11.33M | -11.62M | -21.24M | -20.71M | -15.12M | -10.64M | -12.31M | -26.27M | -24.29M | -11.76M | -5.74M | -4.27M | -9.94M |
| Change in Payables | 8.97M | 4.54M | 2.03M | -3.25M | -251K | -1.86M | 543K | 283K | 5.21M | -957K | 2.31M | -2.33M | 2.07M | 295K | 4.07M | 7.63M | 1.39M | -376K | -500K | -1.96M |
| Cash from Investing | -30.63M | -225.65M | -162.86M | -15.58M | -502K | -10.96M | 35.72M | 34.47M | 18.38M | 24.28M | -44.4M | -6.67M | 10.71M | 8.63M | 9.79M | 20.66M | 15.71M | -1.34M | -49.83M | 26.34M |
| Capital Expenditures | -13.67M | -18.43M | -16.25M | -15.58M | -13.47M | -5.37M | -5.45M | -4.54M | -5.82M | -3.65M | -3.33M | -4.34M | -3.89M | -3.56M | -6.35M | -4.43M | -4.96M | -8.09M | -5.8M | -3.29M |
| CapEx % of Revenue | 3.65% | 4.78% | 4.58% | 4.59% | 4.15% | 1.7% | 1.81% | 1.52% | 2.09% | 1.28% | 1.23% | 1.66% | 1.61% | 1.61% | 2.97% | 2.13% | 2.43% | 3.97% | 3.05% | 1.79% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -988K | 0 | 0 | 0 | 0 | 0 | 0 | 2.92M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1M | 0 | 0 | 0 | 0 | -500K | 0 | -500K | 2.1M | 0 | 0 | -500K | 0 | 0 | 0 | 0 | 0 | -250K | 0 | 0 |
| Cash from Financing | -1.91M | 5.06M | 3.95M | 14.82M | 2.71M | 6.07M | -100.55M | 8.27M | -794K | 5.92M | 212K | 8.69M | 1.38M | 5.74M | -603K | 9.13M | -2.64M | 2.96M | -2.68M | 3.17M |
| Debt Issued (Net) | -617K | -569K | -612K | -691K | -613K | -589K | -578K | -559K | -550K | -525K | -499K | -483K | -474K | -452K | -441K | -433K | -425K | -395K | -364K | -355K |
| Equity Issued (Net) | 0 | 7.58M | 4.65M | 15.57M | 4.02M | 1K | -99.9M | 8.92M | 238K | 7.37M | 834K | 10M | 2.21M | 7.26M | 1.73M | 11.46M | 1.1M | 8.82M | 1.21M | 7.67M |
| 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 | 0 | 0 | 0 | 0 | 1K | -100.39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -1.29M | -1.95M | -90K | -62K | -701K | 6.66M | -72K | -89K | -482K | -925K | -123K | -822K | -359K | -1.07M | -1.89M | -1.9M | -3.32M | -5.47M | -3.53M | -4.14M |
| Net Change in Cash | 54.39M | -134.13M | -100.74M | 45.71M | 51.65M | 43.93M | -7.86M | 65.22M | 55.63M | 66.73M | -13.41M | 19.48M | 24.83M | 15.01M | -3.39M | -9.93M | 8.78M | -6.91M | -15.99M | 26.64M |
| Free Cash Flow | 73.3M | 68.05M | 42.01M | 29.37M | 35.5M | 45.74M | 51.02M | 18.07M | 32.47M | 32.62M | 27.51M | 12.76M | 9.23M | -2.23M | -19.26M | -44.01M | -9.47M | -17.36M | 30.65M | -6.61M |
| FCF Margin % | 19.56% | 17.66% | 11.85% | 8.65% | 10.95% | 14.5% | 16.95% | 6.04% | 11.65% | 11.46% | 10.15% | 4.88% | 3.83% | -1.01% | -9.01% | -21.12% | -4.64% | -8.51% | 16.12% | -3.58% |
| FCF Growth % | 106.46% | 48.79% | -17.65% | 62.47% | 9.34% | 40.23% | 85.43% | 41.69% | 251.61% | 1565.89% | 242.87% | 128.99% | 197.51% | 87.18% | -162.83% | -566.25% | 48.41% | -197.5% | 497.87% | 76.75% |
| FCF per Share | 1.85 | 1.73 | 1.07 | 0.75 | 0.91 | 1.16 | 1.30 | 0.47 | 0.82 | 0.83 | 0.70 | 0.33 | 0.24 | -0.06 | -0.51 | -1.17 | -0.24 | -0.46 | 0.81 | -0.18 |
| FCF Conversion (FCF/Net Income) | 2.67x | 1.83x | 1.27x | 0.99x | 1.25x | 1.52x | 1.91x | -0.38x | 3.48x | 0.67x | 3.35x | 0.90x | 1.53x | 0.34x | 5.68x | 10.73x | -57.14x | 0.38x | 4.12x | -0.36x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 7.08M | 0 | 6.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |