Stifel Financial Corp. (SF) 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 | -342.57M | 320.84M | 338.3M | 607.49M | -211.21M | 694.58M | -71.33M | 476.91M | -609.72M | 275.18M | 230.46M | 378.76M | -385.07M | 787.18M | 538.62M | 436.83M | -675.65M | 301.36M | 1.01B | 84.2M |
| Operating CF Margin % | -20.57% | 18.3% | 20.9% | 41.22% | -14.54% | 44.06% | -4.89% | 32.87% | -43.49% | 20.02% | 18.42% | 30.85% | -30.87% | 63.94% | 49.35% | 39.34% | -60.86% | 22.26% | 89.77% | 7.38% |
| Operating CF Growth % | -62.2% | -53.81% | 574.26% | 27.38% | 65.36% | 152.41% | -130.95% | 25.91% | -58.34% | -65.04% | -57.21% | -13.29% | 43.01% | 161.21% | -46.5% | 418.83% | -29.89% | -7.92% | 131.68% | -90.7% |
| Net Income | 251.42M | 370.18M | 211.37M | 155.06M | 52.99M | 244M | 158.5M | 165.29M | 163.57M | 162.48M | 68.16M | 134.35M | 157.54M | 176.62M | 151.17M | 160.82M | 173.55M | 261.39M | 192.38M | 198.08M |
| Depreciation & Amortization | 25.85M | 86.2M | 21.14M | 20.81M | 20.41M | 20.77M | 20.99M | 22.7M | 21.51M | 24.47M | 19.04M | 18.45M | 19.51M | 18.99M | 16.86M | 17.58M | 16.77M | 17.05M | 16.27M | 15.26M |
| Stock-Based Compensation | 65.68M | 307.21M | 25.56M | 35.85M | 57.63M | 35.31M | 33.26M | 28.39M | 56.8M | 34.03M | 30.36M | 32.8M | 43.08M | 32.22M | 28.09M | 29.69M | 45.5M | 34.1M | 29.1M | 26.54M |
| Deferred Taxes | 17.9M | -34.01M | -11.76M | -13.26M | -29.67M | 12.91M | -22.21M | -18.68M | -2.65M | 48.99M | -28.23M | -17.86M | 13.07M | 28.38M | -16.04M | -25.38M | 25.73M | 74.6M | -63.25M | -26.5M |
| Other Non-Cash Items | 178.77M | -167.78M | 205.26M | 395.21M | 78.33M | 197.29M | -224.18M | 250.36M | -62.35M | -95.02M | 41.92M | 77.12M | -28.74M | 69.55M | 105.34M | 36.41M | 4.05M | -15.74M | 44.25M | 201.98M |
| Working Capital Changes | -882.2M | -240.96M | -113.28M | 13.82M | -390.9M | 184.29M | -37.69M | 28.84M | -786.6M | 100.23M | 99.22M | 133.91M | -589.53M | 461.4M | 253.2M | 217.71M | -941.25M | -70.04M | 787.97M | -331.17M |
| Change in Receivables | -479.58M | -175.49M | -245.79M | -165.29M | -5.1M | 94.14M | -211.13M | 268.02M | -278.22M | -6.97M | -47.95M | 217.23M | -74.08M | 431.05M | 112.08M | 281.03M | -275.78M | 185.33M | 408.57M | -129.16M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -439.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -243.12M |
| Change in Payables | 371.57M | 126.75M | 87.28M | 105.33M | 5.05M | -200.02M | 160.04M | -241.85M | 62.28M | 13.03M | -167.22M | -26.98M | 136.85M | -196.64M | 4.45M | -43.37M | -62.49M | -367.69M | 253.4M | 113.99M |
| Cash from Investing | -256.18M | -611.37M | -354.48M | -413.96M | -172.52M | -766.2M | -1.11B | -910.87M | 476.78M | 865.96M | 145.13M | 323.29M | -289.73M | 264.09M | -1.7B | -1.95B | -935.7M | -3.03B | -1B | -1.21B |
| Capital Expenditures | -47.85M | 32.03M | -17.2M | -14.83M | -16.57M | -17.43M | -12.77M | -33.95M | -9.64M | -12.95M | -12.28M | -11.34M | -15.41M | -37.4M | -18.2M | -14.09M | -12.63M | -14.99M | -147.35M | -14.59M |
| CapEx % of Revenue | 2.87% | 1.83% | 1.06% | 1.01% | 1.14% | 1.11% | 0.87% | 2.34% | 0.69% | 0.94% | 0.98% | 0.92% | 1.24% | 3.04% | 1.67% | 1.27% | 1.14% | 1.11% | 13.14% | 1.28% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 33.11B | 32.96B | 32.18B | 31.79B | 31.82B | 31.36B | 31.01B | 29.54B | 28.83B | 28.88B | 29.67B | 30.01B | 30.28B | 29.73B | 30.32B | 29.08B | 27.21B | 26.23B | 23.18B | 22.38B |
| Other Investing | 55.27M | 1.17B | -331.14M | -534.91M | 38.85M | -827.45M | -549.17M | -523.76M | 352.54M | 854.69M | 116.97M | 280.71M | -250.05M | 253.03M | -1.7B | -1.34B | -1.04B | -2.98B | -505M | -895.37M |
| Cash from Financing | 1.25B | -645.69M | 1.31B | -1.03B | 456.51M | 813.32M | 464.55M | -382.86M | 85.09M | -423.58M | 500.34M | -1.56B | 1.23B | -352.71M | 978.79M | 1.39B | 1.18B | 2.8B | 578.55M | 1.11B |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -96.41M | -37.54M | -31.24M | -83.04M | -93.17M | -45.57M | -20.22M | -17.6M | -60.71M | -143.72M | -122.06M | -93.24M | -168.76M | -75.17M | -1.83M | -32.01M | -84.26M | -87.85M | 97M | -28.97M |
| Dividends Paid | -79.48M | -56.51M | -52.84M | -62.03M | -72.17M | -54.68M | -52.66M | -47.55M | -72.39M | -48.72M | -47.05M | -48.17M | -56.33M | -42.53M | -41.34M | -41.39M | -45.77M | -28.35M | -25.38M | -24.22M |
| Share Repurchases | -96.41M | -37.54M | -31.24M | -83.04M | -93.17M | -45.57M | -20.22M | -17.6M | -60.71M | -143.72M | -122.06M | -93.24M | -168.76M | -75.17M | -1.83M | -32.01M | -84.26M | -88.02M | -43.72M | -28.97M |
| Other Financing | 1.39B | -1.86M | -6.33M | 87.22M | 640.03M | 794.33M | 1.04B | -198.46M | -99.35M | -11.17M | 675.05M | -1.43B | 1.42B | -235.01M | 1.08B | 1.61B | 1.08B | 2.97B | 454.93M | 1.16B |
| Net Change in Cash | 645.76M | -933.95M | 1.29B | -827.99M | 75.85M | 732.92M | -711.67M | -817.39M | -49.49M | 722.1M | 872.45M | -857M | 557.3M | 782.59M | -161.43M | -116.64M | -425.17M | 69.29M | 574.26M | -14.48M |
| Free Cash Flow | -390.42M | 307.36M | 321.1M | 592.66M | -227.78M | 677.15M | -84.1M | 442.95M | -619.36M | 262.23M | 218.19M | 367.43M | -400.48M | 749.77M | 520.42M | 422.74M | -688.27M | 286.37M | 859.38M | 69.61M |
| FCF Margin % | -23.44% | 17.53% | 19.84% | 40.21% | -15.68% | 42.95% | -5.76% | 30.53% | -44.18% | 19.07% | 17.44% | 29.93% | -32.11% | 60.9% | 47.69% | 38.07% | -62% | 21.15% | 76.63% | 6.11% |
| FCF Growth % | -71.4% | -54.61% | 481.81% | 33.8% | 63.22% | 158.23% | -138.55% | 20.56% | -54.65% | -65.03% | -58.07% | -13.08% | 41.81% | 161.82% | -39.44% | 507.33% | -29.51% | -11.74% | 103.19% | -92.26% |
| FCF per Share | -3.54 | 2.79 | 2.92 | 5.44 | -2.06 | 6.04 | -0.76 | 4.02 | -5.63 | 2.36 | 1.93 | 3.23 | -3.47 | 6.40 | 4.44 | 3.60 | -5.83 | 2.41 | 7.25 | 0.59 |
| FCF Conversion (FCF/Net Income) | -1.36x | 1.21x | 1.60x | 3.92x | -3.99x | 2.85x | -0.45x | 2.89x | -3.73x | 1.69x | 3.38x | 2.82x | -2.44x | 4.46x | 3.56x | 2.72x | -3.89x | 1.15x | 5.23x | 0.43x |
| Interest Paid | 188.35M | 195.48M | 211.56M | 211M | 215.51M | 231.99M | 255.91M | 249.9M | 257.72M | 246.62M | 222.46M | 194.46M | 158.2M | 117.75M | 65.09M | 22.28M | 15.73M | 15.44M | 15.44M | 16.02M |
| Taxes Paid | 5.99M | 77.73M | 40.99M | 73.56M | 8.03M | -185.35M | 34.36M | 36.24M | 114.75M | 79.25M | 9.32M | 91.21M | 4.04M | 54.45M | 50.84M | 102.03M | 9.81M | 61.31M | 58.23M | 161.01M |