Sapiens International Corporation N.V. (SPNS) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q4'20 |
|---|
| Cash from Operations | 10.64M | 1.87M | 25.35M | 42.11M | 13.08M | 8.54M | 18.49M | 38.65M | 3.29M | 14.6M | 22.19M | 14.43M | 4.41M | 6.05M | 18.33M | 27.39M | 14.56M | 26.84M | 11.76M | 21.03M |
| Operating CF Margin % | 6.99% | 1.32% | 18.63% | 31.35% | 9.55% | 6.25% | 13.77% | 29.53% | 2.52% | 11.38% | 17.79% | 12.08% | 3.7% | 5.1% | 15.57% | 22.97% | 12.36% | 23.46% | 10.73% | 20.69% |
| Operating CF Growth % | -18.65% | -78.08% | 37.13% | 8.96% | 297.22% | -41.48% | -16.68% | 167.82% | -25.23% | 141.28% | 21.05% | -47.31% | -69.74% | -77.45% | 55.93% | 30.22% | -12.86% | 82.32% | 104.12% | -1.86% |
| Net Income | 14.3M | 14.39M | 18.03M | 17.87M | 18.34M | 18.62M | 17.5M | 17.02M | 15.87M | 15.47M | 14.37M | 13.3M | 13.74M | 11.91M | 13.96M | 13.64M | 13.37M | 10.42M | 9.84M | 8.4M |
| Depreciation & Amortization | 6.85M | 6.11M | 4.87M | 4.65M | 5.08M | 4.71M | 5.65M | 5.65M | 3.63M | 5.33M | 5.41M | 5.59M | 5.65M | 3.7M | 5.89M | 7.94M | 6.95M | 6.95M | 5.04M | 6.97M |
| Stock-Based Compensation | 861K | 845K | 847K | 723K | 646K | 811K | 772K | 661K | 0 | 1.06M | 863K | 634K | 1.14M | 0 | 931K | 1.18M | 657K | 1.47M | 0 | 1.24M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 96K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -8.99M | 7K | 6K | 18K | 32K | -8.32M | 8K | 129K | 1.24M | 18K | 4K | 23K | 10K | 1.73M | 25K | 1.47M | -75K | 60K | 3.28M | 434K |
| Working Capital Changes | -2.37M | -19.47M | 1.6M | 18.85M | -11.01M | -7.28M | -5.45M | 15.18M | -17.45M | -7.38M | 1.54M | -5.12M | -16.14M | -11.29M | -2.47M | 3.15M | -6.34M | 7.95M | -6.41M | 3.99M |
| Change in Receivables | -7.99M | -7.99M | -5.06M | 8.14M | -7.92M | 1.98M | -14.7M | 12.66M | -10.74M | 4.35M | -2.04M | -474K | -10.63M | -3.16M | -7.36M | 736K | -6.02M | 1.89M | -10.54M | 5.06M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 1.88M | -378K | 137K | -2.46M | 0 | 3.55M | -2.96M | 401.13K | 6M | -7.01M | -2.89M | 492K | 6.91M | -34K | -4.05M | 2.29M | 621K | 609K | -566K |
| Cash from Investing | 7.34M | -40.17M | -28.73M | -14.95M | 21.27M | 12.56M | -5.47M | -10.14M | 13.06M | -27.45M | -47.47M | -1.68M | 12.49M | -5.49M | -17.23M | 16.81M | -23.03M | 8.65M | -2.3M | -108.81M |
| Capital Expenditures | -465K | -1.03M | -368K | -573K | -1.16M | -676K | -470K | -429K | -2.19M | -2.46M | -653K | -423K | -1.07M | -2.33M | -453K | -801K | -1.08M | -1.08M | -2.45M | -725K |
| CapEx % of Revenue | 0.31% | 0.73% | 0.27% | 0.43% | 0.85% | 0.49% | 0.35% | 0.33% | 1.68% | 1.92% | 0.52% | 0.35% | 0.9% | 1.96% | 0.38% | 0.67% | 0.92% | 0.95% | 2.24% | 0.71% |
| Acquisitions | -494K | -89.88M | -16.31M | 0 | 0 | -375K | 0 | -8.06M | 9.22K | 10.52K | 0 | 1K | 0 | -3.38M | 0 | 0 | 0 | 831K | 154K | -73.66M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 8.3M | -1.97M | -1.94M | -140.14M | 22.43M | 13.61M | -1.71M | -1.66M | 0 | 11K | -1.82M | -1.26M | -1.47M | 0 | -1.75M | 7.62M | -21.95M | 8.9M | 0 | -4.41M |
| Cash from Financing | -37.49M | -37.49M | -19.8M | -2.66M | -14.15M | -16.57M | -22.89M | -107K | -8.77M | -13.8M | -19.84M | 0 | -12.68M | -24.87M | -19.8M | 1.01M | -1.01M | -20.01M | -19.95M | 108.68M |
| Debt Issued (Net) | -455K | -95.45K | -19.8M | 0 | 0 | 0 | -19.8M | 0 | 305.97K | 0 | -19.8M | 0 | 0 | 446.54K | -19.8M | 0 | 0 | 0 | -19.8M | -40K |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 413K | 0 |
| Dividends Paid | -37.04M | -37.22M | 0 | -2.03M | -14.15M | -15.63M | 0 | 0 | -13.68M | -13.57M | 0 | 0 | -12.68M | -25.32M | 0 | 0 | -2K | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -180.98K | 0 | -630K | 0 | -935K | -3.1M | -107K | 726 | -221.7K | -47K | 0 | 0 | 0 | 0 | 1.01M | -1.01M | -20.01M | -568K | 108.72M |
| Net Change in Cash | 17.66M | -78.82M | -20.33M | 17.54M | 23.51M | 5.96M | -10.03M | 29.66M | 7.64M | -27.24M | -43.63M | 13.37M | 5.79M | -30.18M | -18.93M | 45.53M | -11.09M | 13.62M | -10.38M | 20.89M |
| Free Cash Flow | 10.18M | -946K | 23.04M | 39.78M | 10.09M | 7.87M | 16.3M | 36.67M | 2.63M | 12.14M | 19.7M | 12.57M | 1.84M | 5.27M | 16.13M | 24.18M | 11.41M | 23.8M | 10.93M | 15.89M |
| FCF Margin % | 6.68% | -0.67% | 16.93% | 29.62% | 7.36% | 5.75% | 12.14% | 28.03% | 2.01% | 9.46% | 15.8% | 10.52% | 1.55% | 4.44% | 13.71% | 20.28% | 9.68% | 20.81% | 9.98% | 15.63% |
| FCF Growth % | 0.88% | -112.02% | 41.36% | 8.46% | 283.3% | -35.17% | -17.25% | 191.78% | 42.74% | 130.37% | 22.13% | -48.01% | -83.84% | -77.87% | 47.53% | 52.15% | -19.85% | 66.08% | 109.99% | -10.78% |
| FCF per Share | 0.18 | -0.02 | 0.41 | 0.71 | 0.18 | 0.14 | 0.29 | 0.66 | 0.05 | 0.22 | 0.35 | 0.23 | 0.03 | 0.09 | 0.29 | 0.43 | 0.21 | 0.43 | 0.20 | 0.29 |
| FCF Conversion (FCF/Net Income) | 0.74x | 0.13x | 1.41x | 2.36x | 0.71x | 0.46x | 1.06x | 2.28x | 0.21x | 0.95x | 1.56x | 1.08x | 0.33x | 0.51x | 1.32x | 2.00x | 1.10x | 2.58x | 1.20x | 2.53x |
| 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 |