Stifel Financial Corporation 5.20% Senior Notes due 2047 (SFB) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q1'21 |
|---|
| Cash from Operations | 320.84M | 436.79M | 532.46M | -211.21M | 498.84M | -30.45M | 274.05M | -380.94M | 155.2M | 74.22M | 531.62M | -141.03M | 857.61M | 538.62M | 382.87M | -675.65M | 7.01M | 1.06B | 296.68M | -187.62M |
| Operating CF Margin % | 18.3% | 26.72% | 35.71% | -14.38% | 31.38% | -2.06% | 18.7% | -26.84% | 11.17% | 5.86% | 42.8% | -11.18% | 69.42% | 48.76% | 34.01% | -60.59% | 0.53% | 92.23% | 25.4% | -16.31% |
| Operating CF Growth % | -35.68% | 1534.64% | 94.29% | 44.56% | 221.41% | -141.02% | -48.45% | -170.1% | -81.9% | -86.22% | 38.85% | 79.13% | 12127.15% | -49.41% | 29.05% | -260.11% | -95.15% | 168.49% | -66.2% | -956.52% |
| Net Income | 264.36M | 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 | 173.01M |
| Depreciation & Amortization | 0 | 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 | 15.18M |
| Stock-Based Compensation | 0 | 0 | 0 | 57.63M | 0 | 24.85M | 0 | 0 | 0 | 0 | 0 | 0 | 32.22M | 33.3M | 0 | 45.5M | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | -40.89M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 156.17M | 62.1M | 31.72M | -167.31M | 65.54M | -522M | 36.57M | 93.09M | 130.49M | 47.43M | 70.55M | 89.97M | -125.55M | 30.62M | 75.1M | 116.42M | 135.78M | -1.99M | 39.36M | 127.79M |
| Working Capital Changes | -99.69M | 142.17M | 324.87M | -174.93M | 168.53M | 328.1M | 49.48M | -659.12M | -162.24M | -60.4M | 308.27M | -408.06M | 755.33M | 306.67M | 129.38M | -1.03B | -407.21M | 857.93M | 43.98M | -503.6M |
| Change in Receivables | 89.59M | -245.79M | -165.29M | -5.1M | 94.14M | 10.2M | 268.02M | -278.22M | -6.97M | -47.95M | 217.23M | -74.08M | 431.05M | -51.64M | 281.03M | -275.78M | -98.27M | 408.57M | -253.8M | -279.04M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -296.08M | 152.12M | 69.75M | 51.94M | -221.71M | 182.01M | -348.34M | 62.28M | 13.03M | -167.22M | 21.51M | 140.22M | 0 | 0 | -144.25M | 0 | -367.69M | 253.4M | 162.66M | -133.85M |
| Cash from Investing | -611.37M | -452.97M | -338.93M | -172.52M | -570.45M | 77.68M | -708.01M | 248M | 985.94M | 301.37M | 170.43M | -533.77M | 264.09M | -1.7B | -1.87B | -935.7M | -2.74B | -1.06B | -1.42B | -2.06B |
| Capital Expenditures | 0 | -17.2M | -14.83M | 0 | -17.43M | 43.59M | -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 | -11.24M |
| CapEx % of Revenue | 0.77% | 1.05% | 0.99% | - | 1.1% | 2.95% | 2.32% | 0.68% | 0.93% | 0.97% | 0.91% | 1.22% | 3.03% | 1.65% | 1.25% | 1.13% | 1.14% | 12.77% | 1.25% | 0.98% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 32.96B | 1.69B | 1.55B | 1.61B | 0 | 1.62B | 30.94B | 9.19B | 0 | 9.14B | 9.46B | 9.35B | 0 | 9.45B | 31.25B | 9.52B | 9.32B | 9.51B | 9.25B | 0 |
| Other Investing | -611.37M | -327.78M | -534.91M | -58.24M | -1.14B | -254.94M | -164.4M | 352.54M | 552.5M | -13.24M | 274.07M | -49M | 302.38M | -1.67B | -1.34B | -923.07M | -3.13B | -505M | -895.37M | -1.08B |
| Cash from Financing | -645.69M | 1.31B | -1.03B | 456.51M | 813.32M | 297.77M | -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 | 1.31B |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -37.54M | -31.24M | -83.04M | -93.17M | -45.57M | -20.22M | -17.6M | -60.71M | -143.72M | -118.81M | -86.82M | -94.52M | -90.28M | -1.83M | -30.67M | -84.26M | -87.85M | 97M | -28.97M | -12.04M |
| Dividends Paid | 0 | -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 | -23.97M |
| Share Repurchases | -37.54M | -31.24M | -83.04M | -93.17M | -45.57M | -20.22M | -17.6M | -60.71M | -143.72M | -118.81M | -86.82M | -94.52M | -90.28M | -1.83M | -30.67M | -84.26M | -88.02M | -193.72M | -28.97M | -12.04M |
| Other Financing | -58.37M | -6.33M | -4.53M | -114.72M | -16.99M | -168.73M | -198.46M | -99.35M | -11.17M | 103.92M | -114.6M | -79.28M | -219.9M | 1.08B | -1.35M | 1.08B | -8.36M | -7.68M | -2M | -77.32M |
| Net Change in Cash | -933.95M | 1.29B | -827.99M | 75.85M | 732.92M | 347.21M | -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 | -931.62M |
| Free Cash Flow | 307.36M | 419.59M | 517.63M | -211.21M | 481.41M | 13.14M | 240.1M | -390.57M | 142.25M | 61.94M | 520.28M | -156.44M | 820.21M | 520.42M | 368.78M | -688.27M | -7.98M | 917.24M | 282.09M | -198.87M |
| FCF Margin % | 17.53% | 25.66% | 34.71% | -14.38% | 30.29% | 0.89% | 16.38% | -27.52% | 10.23% | 4.89% | 41.89% | -12.4% | 66.39% | 47.11% | 32.76% | -61.72% | -0.61% | 79.46% | 24.15% | -17.29% |
| FCF Growth % | -36.15% | 3092.74% | 115.59% | 45.92% | 238.42% | -78.78% | -53.85% | -149.66% | -82.66% | -88.1% | 41.08% | 77.27% | 10379.6% | -43.26% | 30.73% | -246.1% | -105.63% | 138.29% | -67.64% | -539.5% |
| FCF per Share | 2.79 | 3.81 | 4.76 | -1.91 | 4.29 | 0.12 | 2.18 | -3.55 | 1.28 | 0.55 | 4.57 | -1.36 | 7.00 | 4.44 | 3.14 | -5.83 | -0.07 | 7.74 | 2.38 | -1.69 |
| FCF Conversion (FCF/Net Income) | 1.21x | 2.07x | 3.43x | -3.99x | 2.04x | -0.19x | 1.66x | -2.33x | 0.96x | 1.09x | 3.96x | -0.90x | 4.86x | 3.56x | 2.38x | -3.89x | 0.03x | 5.53x | 1.50x | -1.08x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 117.75M | 65.09M | 0 | 15.73M | 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 |