Steelcase Inc. (SCS) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q2'26 | 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 |
|---|
| Cash from Operations | 58.9M | -141.1M | 600K | 98.9M | 108.1M | -59.1M | 57.4M | 120.1M | 119.9M | 11.3M | 88M | 75.8M | -19.3M | -55.1M | -43.5M | 2.5M | 2M | -63.6M | 27.6M | -7.7M |
| Operating CF Margin % | 6.57% | -18.11% | 0.08% | 12.44% | 12.63% | -8.13% | 7.4% | 15.44% | 14.03% | 1.5% | 10.98% | 9.17% | -2.24% | -7.44% | -5.78% | 0.34% | 0.28% | -11.43% | 4.08% | -1.25% |
| Operating CF Growth % | -45.51% | -138.75% | -98.95% | -17.65% | -9.84% | -623.01% | -34.77% | 58.44% | 721.24% | 120.51% | 302.3% | 2932% | -1065% | 13.36% | -257.61% | 132.47% | -98.55% | 31.91% | -80.56% | -104.38% |
| Net Income | 35M | 13.6M | 27.6M | 19.4M | 63.1M | 10.9M | 20.5M | 30.8M | 27.5M | 1.5M | 15.7M | 11.4M | 19.6M | -11.4M | -2.2M | 9.6M | 24.7M | -28.1M | 6.6M | 2.1M |
| Depreciation & Amortization | 19.3M | 17.6M | 20.6M | 20M | 20M | 20.2M | 20.8M | 21.1M | 21.3M | 20.4M | 22.8M | 23.5M | 23.5M | 20.2M | 21M | 21M | 20.5M | 20.7M | 21.1M | 20.8M |
| Stock-Based Compensation | 4.3M | 13.1M | 4.8M | 1.7M | 3.2M | 14.8M | 3.9M | 3.6M | 4.5M | 14M | 3.8M | 2.4M | 3.1M | 12.2M | 2.7M | -1.8M | 2.1M | 13.1M | 9M | 2.2M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | -23M | 0 | -21.6M | 0 | 0 | 0 | 0 | 0 | -4.5M | -6.5M | -800K | -2.3M | -2M | -100K |
| Other Non-Cash Items | 16.3M | 400K | -57.6M | 22.4M | -53.5M | 0 | 24.2M | -11.3M | -48.8M | 6.8M | -10.5M | 8.7M | 2.3M | 0 | -900K | -1.7M | -15.1M | -2.4M | 1M | 11.1M |
| Working Capital Changes | -16M | -185.8M | 5.2M | 35.4M | 75.3M | -122M | 11M | 75.9M | 65.9M | -31.4M | 56.2M | 29.8M | -68.1M | -76.1M | -59.6M | -18.1M | -29.4M | -64.6M | -8.1M | -43.8M |
| Change in Receivables | -28M | -10.1M | 20.2M | 9M | -27.3M | 13.6M | 14.3M | 3.1M | -8.6M | 11.3M | 35.4M | 18.7M | -72.2M | 10.8M | -6.3M | -10.6M | -68.1M | 10.1M | 15.7M | 47.2M |
| Change in Inventory | -700K | -37.3M | -500K | -6.5M | 7.4M | -16.7M | 28.5M | 11.2M | 36.5M | 12.1M | 60.2M | 19.2M | -16.8M | -50.6M | -40M | -51.4M | -7.8M | -34.2M | 43.5M | -16.2M |
| Change in Payables | -8M | 9.9M | -18M | 17.8M | 5.7M | 11.6M | -20.3M | 7.7M | 11.2M | 11.3M | -47.1M | -25.7M | 16.8M | 16.7M | -14.6M | 22.8M | 36.9M | 17.8M | -22M | -10.5M |
| Cash from Investing | -13.5M | -5.9M | -6.8M | -12.1M | 30.7M | -46.6M | 11.3M | 4.7M | 1.3M | -11.2M | -7.3M | -12.2M | -108M | -7.3M | -14.2M | -44.8M | 6.5M | -13M | -12.8M | -11.8M |
| Capital Expenditures | -18.1M | -14M | -11.5M | -11M | -12.5M | -12.1M | -9.7M | -13.1M | -12.6M | -11.7M | -16.3M | 0 | -15.3M | -13.6M | -15.2M | -13.5M | -13.4M | -18.4M | -9.2M | -14.1M |
| CapEx % of Revenue | 2.02% | 1.8% | 1.46% | 1.38% | 1.46% | 1.66% | 1.25% | 1.68% | 1.47% | 1.56% | 2.03% | 1.68% | 1.77% | 1.84% | 2.02% | 1.83% | 1.85% | 3.31% | 1.36% | 2.28% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 21.2M | 12.5M | 15.7M | 0 | 0 | 100K | -99.8M | 0 | -32.6M | -32M | 0 | 0 | -3.8M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 6.9M | 13.2M | 4.9M | 4.3M | 46.1M | 1.2M | -200K | 5.3M | -4.9M | 500K | 9M | -12.3M | 7.1M | 6.3M | 33.6M | 1.3M | 19.9M | 5.4M | 200K | 2.3M |
| Cash from Financing | -12.1M | -17.2M | -11.9M | -17.8M | -14.3M | -40M | -11.9M | -16.3M | -7.4M | -50.3M | -46.3M | -59.9M | 64M | -20.7M | -18.5M | -41.6M | -43.1M | -16.8M | -11.2M | -12.8M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32.2M | -34M | -47.9M | 79.8M | 0 | 0 | 0 | 0 | 0 | -2.4M | 0 |
| Equity Issued (Net) | -200K | -1000K | -100K | -1000K | -1000K | -1000K | -1000K | 0 | 0 | -1000K | 0 | -500K | 0 | -1000K | -1000K | -1000K | -1000K | -1000K | 0 | -400K |
| Dividends Paid | -11.9M | -12.2M | -11.8M | -11.8M | -11.7M | -12.3M | -11.9M | -11.8M | -11.8M | -12.1M | -11.7M | -11.6M | -16.9M | -17.1M | -16.7M | -16.7M | -17.1M | -12.1M | -11.7M | -11.7M |
| Share Repurchases | -200K | -5M | -100K | -6M | -2.6M | -27.7M | -4.2M | -900K | 0 | -3.3M | 0 | -500K | 0 | -3.4M | -1.2M | -23.1M | -26.6M | -4.3M | 0 | -400K |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 4.2M | -4.5M | 4.4M | -2.7M | -600K | 100K | 1.1M | -200K | -600K | -1.8M | 600K | -400K | 2.9M | -700K |
| Net Change in Cash | 33.6M | -163.3M | -18.6M | 68.5M | 123.6M | -145.4M | 56.6M | 108.5M | 114M | -50.6M | 35.5M | 3.1M | -64.5M | -84.2M | -75.1M | -84.9M | -35.5M | -93.1M | 3.9M | -30.7M |
| Free Cash Flow | 40.8M | -155.1M | -10.9M | 87.9M | 95.6M | -71.2M | 47.7M | 107M | 36.2M | -400K | 71.7M | 61.9M | -34.6M | -68.7M | -58.7M | -11M | -11.4M | -82M | 18.4M | -21.8M |
| FCF Margin % | 4.55% | -19.91% | -1.38% | 11.06% | 11.17% | -9.79% | 6.15% | 13.76% | 4.24% | -0.05% | 8.94% | 7.49% | -4.01% | -9.28% | -7.79% | -1.49% | -1.57% | -14.73% | 2.72% | -3.53% |
| FCF Growth % | -57.32% | -117.84% | -122.85% | -17.85% | 164.09% | -17700% | -33.47% | 72.86% | 204.62% | 99.42% | 222.15% | 662.73% | -203.51% | 16.22% | -419.02% | 49.54% | -108.79% | 20.23% | -84.37% | -113.68% |
| FCF per Share | 0.34 | -1.30 | -0.09 | 0.77 | 0.80 | -0.62 | 0.40 | 0.93 | 0.32 | -0.00 | 0.61 | 0.53 | -0.31 | -0.61 | -0.51 | -0.10 | -0.10 | -0.71 | 0.16 | -0.18 |
| FCF Conversion (FCF/Net Income) | 1.68x | -10.38x | 0.02x | 5.18x | 1.71x | -5.42x | 2.69x | 3.90x | 4.36x | 7.53x | 5.61x | 6.65x | -0.98x | 4.83x | 19.77x | 0.26x | 0.08x | 2.26x | 4.18x | -3.67x |
| 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 |