POSCO Holdings Inc. (PKX) 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 | -370.04B | 1.92T | 223.76B | 1.76T | 668.78B | 2.25T | 1.34T | 2.79T | 285.14B | 1.89T | 2.15T | 2.4T | -270.88B | 3.16T | 2.74T | 274.24B | 9.41B | 2.45T | 1.59T | 1.64T |
| Operating CF Margin % | -2.07% | 11.45% | 1.3% | 10.05% | 3.84% | 12.64% | 7.3% | 15.08% | 1.58% | 10.12% | 11.36% | 11.91% | -1.4% | 16.44% | 12.95% | 1.19% | 0.04% | 11.49% | 7.72% | 8.99% |
| Operating CF Growth % | -155.33% | -14.86% | -83.28% | -36.79% | 134.54% | 19.16% | -37.88% | 16.46% | 205.26% | -40.33% | -21.35% | 773.75% | -2977.16% | 29.08% | 71.94% | -83.32% | -98.35% | -9.17% | -25.45% | -22.63% |
| Net Income | 481.18B | -287.97B | 386.91B | 83.85B | 344.24B | -645.58B | 496.82B | 546.22B | 607.82B | -320.71B | 550.5B | 775.97B | 840.3B | -711.51B | 591.64B | 1.8T | 1.91T | 1.6T | 2.63T | 1.81T |
| Depreciation & Amortization | 1.09T | 1.09T | 1.03T | 1.02T | 1.02T | 1T | 1.06T | 921.12B | 1T | 972.88B | 983.48B | 935.43B | 952.87B | 968.84B | 927.53B | 908.87B | 888.35B | 912.8B | 889.12B | 878.43B |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 171.65B | 130.93B | 143.84B | 165.72B | -171.56B | 194.51B | 173.31B | 124.7B | 93.87B | 280.61B | 253.93B | 160.95B | -669.77B | 35.58B | 538.59B | 557.12B | 470.59B | 731.79B | 590.67B |
| Other Non-Cash Items | 246.07B | 25.7B | 63.84B | 150.22B | -572.64B | 1.32T | -21.23B | 829M | -240.22B | 489.88B | 107.57B | 712.71B | -798.57B | 558.96B | 317.8B | -1.22T | -1.14T | 596.48B | -137.51B | -277.52B |
| Working Capital Changes | -2.18T | 914.29B | -1.39T | 369.32B | -291.02B | 739.7B | -389.22B | 1.15T | -1.21T | 652.18B | 232.17B | -281.89B | -1.43T | 3.02T | 866.47B | -1.75T | -2.2T | -1.13T | -2.52T | -1.35T |
| Change in Receivables | -454.03B | 0 | 0 | -1.01T | 228.42B | 1.32T | -59.65B | -347.66B | 248.29B | 340.53B | 470.82B | -479.08B | -1.28T | 656.22B | 1.86T | -523.98B | -1.56T | 251.57B | -960.72B | -443.36B |
| Change in Inventory | -411.02B | 0 | 0 | 675.25B | 865.89B | 602.61B | -198.9B | 734.11B | -223.07B | -174.88B | 1.01T | -12.35B | 493.6B | 1.42T | 895.11B | -1.77T | -737.79B | -1.81T | -2.22T | -1.22T |
| Change in Payables | -569.57B | 0 | 0 | -79.33B | -518.83B | -130.71B | 171.51B | 161.2B | -578.27B | 357.95B | -788.57B | 349.77B | -37.95B | 973.51B | -1.63T | 656.65B | 146.62B | 271.43B | 681.01B | 516.5B |
| Cash from Investing | -421.16B | -2.18T | 53.14B | -2.6T | -1.97T | -1.75T | 555.71B | -1.8T | -1.49T | -821.31B | -1.05T | -2.17T | -3.34T | 118.38B | -2.5T | -885.02B | -952.31B | -1.54T | -1.84T | -316.12B |
| Capital Expenditures | -1.11T | -1.6T | -1.19T | -1.5T | -1.37T | -1.99T | -1.88T | -1.96T | -1.84T | -2.18T | -1.59T | -1.62T | -1.35T | -2.17T | -955.51B | -966.88B | -830.67B | -1.15T | -691.5B | -692.97B |
| CapEx % of Revenue | 6.23% | 9.56% | 6.91% | 8.55% | 7.87% | 11.17% | 10.26% | 10.57% | 10.21% | 11.71% | 8.37% | 8.05% | 6.98% | 11.3% | 4.52% | 4.2% | 3.89% | 5.41% | 3.35% | 3.79% |
| Acquisitions | 38.73B | -739.56B | -28.51B | -130.89B | -10.81B | -146.58B | 28.16B | -105.5B | -32.71B | 97.64B | -292.31B | -16.02B | -214.79B | 117.61B | -249.79B | -947.45B | -170.39B | -243.48B | -128.49B | -31.5B |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 28.65B | 32.73B | 168.07B | -129.06B | 77.03B | -38.36B | -153.32B | 13.6B | -110.76B | -227.78B | 11.68B | -75.85B | -26.01B | -116.12B | -15.93B | 114.33B | -55.29B | -157.38B | -284.3B | 89.91B |
| Cash from Financing | 709.96B | 73.44B | -166.98B | 1.19T | 1.3T | -1.63T | -2.14T | 127.44B | 1.35T | -1.47T | -343.92B | -869.28B | 2.51T | -2.36T | 1.29T | -80.43B | 2.47T | -1.59T | 1.64T | -1.87T |
| Debt Issued (Net) | 1.01T | 78.51B | -507.45B | 1.62T | 1.06T | -1.7T | -2.05T | 470.29B | 1.24T | -1.35T | -129.38B | -364.82B | 2.45T | -2.32T | 1.59T | 625.69B | 2.02T | -1.21T | 1.93T | -1.27T |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -1.94B | -189.61B | -244.84B | -477.49B | -3.28B | -189.06B | -192.51B | -461.89B | -734M | -190.78B | -197.77B | -426.51B | -384M | -151.92B | -307.01B | -759.17B | -304M | -376.89B | -304.79B | -627.68B |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -296.51B | 184.55B | 585.31B | 54.91B | 243.18B | 257.8B | 104.61B | 119.04B | 107.51B | 66B | -16.77B | -77.95B | 56.37B | 113.1B | 6.53B | 53.05B | 452.95B | -7.72B | 18.51B | 31.81B |
| Net Change in Cash | 1.67T | -119.05B | 166.56B | 229.74B | 4.64B | -961.03B | -305.49B | 1.16T | 202.72B | -476.12B | 796.86B | -659.08B | -1.04T | 557.41B | 1.73T | -560.06B | 1.55T | -705.26B | 1.46T | -524B |
| Free Cash Flow | -1.36T | 126.7B | -1.06T | 113.06B | -851.36B | 34.02B | -641.87B | 744.88B | -1.64T | -508.98B | 484.8B | 688.18B | -1.72T | 866.39B | 1.67T | -810.71B | -954.96B | 1.1T | 788.87B | 870.42B |
| FCF Margin % | -7.58% | 0.76% | -6.13% | 0.64% | -4.88% | 0.19% | -3.5% | 4.02% | -9.06% | -2.73% | 2.56% | 3.42% | -8.89% | 4.5% | 7.87% | -3.52% | -4.48% | 5.17% | 3.82% | 4.76% |
| FCF Growth % | -59.24% | 272.39% | -64.78% | -84.82% | 47.96% | 106.68% | -232.4% | 8.24% | 5.08% | -158.75% | -70.89% | 184.89% | -80.47% | -21.48% | 111.14% | -193.14% | -6667.48% | -32.99% | -48.45% | -34.71% |
| FCF per Share | -3644.88 | 104.72 | -3267.14 | 349.25 | -2629.86 | 112.48 | -1942.13 | 2352.93 | -4835.78 | -1677.01 | 1597.33 | 2267.46 | -5680.27 | 2855.63 | 5489.79 | -2567.99 | -3031.90 | 3647.43 | 2575.24 | 2877.42 |
| FCF Conversion (FCF/Net Income) | -0.79x | -9.96x | 0.53x | 11.03x | 2.21x | -5.25x | 2.96x | 5.27x | 0.53x | -9.15x | 4.41x | 3.47x | -0.37x | -4.75x | 5.37x | 0.17x | 0.01x | 1.64x | 0.66x | 0.99x |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |