7.125% Fixed-Rate Reset Subordinated Debentures due 2052 (RZC) 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 | 2.87B | 852M | 990M | 820M | 1.43B | 1.6B | 1.07B | 967M | 5.74B | 1.23B | 1B | 244M | 1.57B | 266M | 835M | 79M | 163M | 361M | 1.49B | -36M |
| Operating CF Growth % | 101.05% | -46.75% | -7.22% | -15.2% | -75.09% | 30.51% | 6.7% | 296.31% | 264.42% | 360.9% | 19.76% | 208.86% | 865.64% | -26.32% | -44% | 319.44% | -93.11% | -33.52% | 645.5% | -109.68% |
| Operating CF / Revenue % | 44240.84% | 13.45% | 15.89% | 14.76% | 27.02% | 30.79% | 19.02% | 19.84% | 90.09% | 24.9% | 19.62% | 5.91% | 37.13% | 6.19% | 20.83% | 2.06% | 4.35% | 9.61% | 38.06% | -0.89% |
| Net Income | 37M | 463M | 253M | 180M | 286M | 148M | 156M | 203M | 210M | 158M | 287M | 205M | 29M | 291M | -27M | 105M | 197M | 156M | -22M | 344M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -86M | 0 | 0 | 0 | -33M | 0 | 0 | 0 | -22M | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35M | 13M | 18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 75M | 0 | 0 | 0 | -89M | 0 | 0 |
| Other Non-Cash Items | 2.84B | 389M | 737M | 640M | 1.14B | -6.8B | 911M | 764M | 5.53B | -1.66B | 700M | 21M | 1.54B | 228M | 862M | 14M | -34M | 3B | 1.51B | -380M |
| Working Capital Changes | 0 | 0 | 0 | 0 | 0 | 8.25B | 0 | 0 | 0 | 2.85B | 0 | 0 | 0 | -295M | 0 | -40M | 0 | -2.69B | 0 | 0 |
| Cash from Investing | -3.7B | -3.27B | -5.95B | -1.18B | -1.7B | -4.16B | -1.21B | -3.46B | -3.72B | -1.47B | -104M | -783M | -1.71B | -893M | -1.58B | -976M | -2.23B | -1.14B | -1.32B | 319M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20M | -8M | -7M | -5M | -6M | -7M | -6M | -6M | -4M | -5M | -6M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | -66M | -118M | -73M | -63M | 8M | -21M | -38M | -26M | -7M | -80M | -170M | -145M | 0 | -156M | 19M |
| Purchase of Investments | -13.51B | -11.32B | -16.05B | -6.52B | -9.78B | -10.68B | -8.29B | -13.06B | -9.65B | -4.49B | -2.78B | -2.49B | -3.76B | -3.5B | -3.75B | -4.49B | -4.76B | -4.28B | -3.93B | -4.59B |
| Sale/Maturity of Investments | 9.85B | 7.78B | 10.99B | 5.36B | 8.06B | 7.17B | 7.5B | 9.75B | 6.07B | 3.06B | 2.82B | 1.78B | 2.33B | 2.72B | 2.31B | 3.6B | 3.04B | 2.96B | 2.64B | 5.1B |
| Other Investing | -37M | 271M | -893M | -19M | 28M | -584M | -301M | -70M | -79M | -64M | -114M | -25M | -243M | -107M | -58M | 87M | -363M | 191M | 126M | -202M |
| Cash from Financing | 1.67B | 1.99B | 4.21B | 540M | 2.07B | 797M | 639M | 1.22B | 1B | 349M | -639M | -129M | 497M | -25M | 1.78B | 831M | 1.85B | 697M | -377M | -157M |
| Dividends Paid | -61M | -61M | -61M | -59M | -59M | -58M | -59M | -56M | -56M | -56M | -56M | -54M | -53M | -53M | -54M | -49M | -49M | -49M | -50M | -47M |
| Share Repurchases | -94M | -61M | -75M | 0 | -38M | -1M | -7M | -3M | -16M | -58M | -50M | -52M | -67M | -27M | -27M | 0 | -27M | -51M | -46M | -1M |
| Stock Issued | 0 | 0 | 4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 0 | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K | 1000K | -1000K | -1000K |
| Other Financing | 1.73B | 2.13B | 4.34B | 600M | 1.47B | 881M | 706M | 640M | 1.08B | 499M | -133M | -418M | 124M | 305M | 1.46B | 896M | 1.85B | 432M | -271M | 314M |
| Net Change in Cash | 825M | -457M | -791M | 265M | 1.82B | -1.87B | 599M | -1.34B | 2.96B | 150M | 222M | -696M | 367M | -585M | 956M | -153M | -239M | -79M | -227M | 132M |
| Exchange Rate Effect | -17M | -24M | -35M | 82M | 24M | -104M | 100M | -70M | -56M | 49M | -35M | -28M | 1M | 67M | -71M | -87M | -21M | -1M | -22M | 6M |
| Cash at Beginning | 4.17B | 4.63B | 5.42B | 5.15B | 3.33B | 5.2B | 4.6B | 5.93B | 2.97B | 2.82B | 2.6B | 3.29B | 2.93B | 3.51B | 2.56B | 2.71B | 2.95B | 3.03B | 3.25B | 3.12B |
| Cash at End | 4.99B | 4.17B | 4.63B | 5.42B | 5.15B | 3.33B | 5.2B | 4.6B | 5.93B | 2.97B | 2.82B | 2.6B | 3.29B | 2.93B | 3.51B | 2.56B | 2.71B | 2.95B | 3.03B | 3.25B |
| Free Cash Flow | 2.87B | 852M | 990M | 820M | 1.43B | 1.6B | 1.07B | 967M | 5.74B | 1.25B | 992M | 237M | 1.57B | 260M | 828M | 73M | 157M | 357M | 1.49B | -42M |
| FCF Growth % | 101.05% | -46.75% | -7.22% | -15.2% | -75.09% | 28.41% | 7.56% | 308.02% | 265.58% | 379.23% | 19.81% | 224.66% | 899.36% | -27.17% | -44.28% | 273.81% | -93.35% | -32.89% | 665.98% | -111.44% |
| FCF Margin % | 44240.84% | 13.45% | 15.89% | 14.76% | 27.02% | 30.79% | 19.02% | 19.84% | 90.09% | 25.3% | 19.46% | 5.74% | 37.01% | 6.05% | 20.65% | 1.91% | 4.19% | 9.5% | 37.94% | -1.03% |
| FCF per Share | - | 12.77 | 14.84 | 12.29 | 21.37 | 23.89 | 15.97 | 14.49 | 86.18 | 18.67 | 14.81 | 3.49 | 23.07 | 3.84 | 12.18 | 1.07 | 2.34 | 5.26 | 21.85 | -0.61 |