TFI International Inc. (TFII) 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 | 121.52M | 393.3M | 252.92M | 251.67M | 193.56M | 255.07M | 353.57M | 248.2M | 199.79M | 309.62M | 276.07M | 202.92M | 232.15M | 248.56M | 316.29M | 245.27M | 139.38M | 188.28M | 211.51M | 298.29M |
| Operating CF Margin % | 6.23% | 14.75% | 12.99% | 12.15% | 9.85% | 12.28% | 16.18% | 10.96% | 10.68% | 15.3% | 14.45% | 11.33% | 12.55% | 12.68% | 14.11% | 10.13% | 6.36% | 8.82% | 10.1% | 16.24% |
| Operating CF Growth % | -37.22% | 54.19% | -28.47% | 1.4% | -3.12% | -17.62% | 28.07% | 22.31% | -13.94% | 24.57% | -12.72% | -17.27% | 66.56% | 32.02% | 49.54% | -17.77% | -10.85% | 20.89% | 11.99% | 31.46% |
| Net Income | 43.31M | 99.83M | 83.75M | 99.8M | 55.86M | 81.51M | 126.88M | 115.63M | 92.43M | 135.02M | 131.65M | 129.93M | 111.93M | 153.73M | 231.41M | 274.47M | 149.54M | 143.65M | 130.72M | 408.27M |
| Depreciation & Amortization | 150.89M | 208.71M | 151.3M | 158.99M | 150.84M | 154.31M | 157.1M | 154.63M | 116.49M | 118.85M | 112.64M | 109.6M | 104.06M | 102.15M | 100.57M | 110.85M | 111.59M | 109.77M | 105.76M | 97.18M |
| Stock-Based Compensation | 4.29M | 0 | 0 | 0 | 3.15M | 0 | 0 | 0 | 2.79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 9.12M | -13.36M | 22.37M | -3.61M | 18.3M | -16.18M | -11.59M | -11.14M | 31.38M | 3.16M | -9.87M | -12.59M | -3.24M | 18.81M | -12.48M | -14.51M | -461.6K | -7.73M | -6.3M | -9.11M |
| Other Non-Cash Items | -26.64M | 20.06M | -53.19M | -40.33M | -36.65M | 17.5M | 27.52M | 14.92M | -8.46M | 14.33M | 23.47M | -23.83M | -31.43M | -51.04M | -45.3M | -39.02M | 16.64M | -23.97M | -11.05M | -242.48M |
| Working Capital Changes | -59.44M | 78.07M | 48.7M | 36.82M | 2.06M | 17.93M | 53.65M | -25.84M | -34.84M | 38.27M | 18.18M | -196.3K | 50.84M | 24.92M | 42.09M | -86.52M | -137.92M | -33.44M | -7.62M | 44.42M |
| Change in Receivables | -104.81M | 95.65M | 43.55M | 49.06M | -29.64M | 80.83M | 56.45M | 24.71M | -20.14M | 100.51M | -27.47M | 61.96M | 92.03M | 106.72M | 26.04M | -78.09M | -125.55M | -32M | -53.8M | -26.47M |
| Change in Inventory | -622K | -2.23M | 1.06K | 460.71K | 817K | 4.64M | 1.1M | 1.4M | 743.66K | 3.36M | 2.13M | -1.8M | 2.85M | -325.59K | 1.42M | -1.43M | -1.31M | 872.47K | -1.28M | -633.38K |
| Change in Payables | 0 | -34.65M | -2.78M | -8.46M | 0 | -83.96M | -2.15M | -53.21M | -10.74M | -67.61M | 35.73M | -50.11M | -32.66M | -97.94M | 13.42M | -6.53M | -2.71M | -8.09M | 58.05M | 79.77M |
| Cash from Investing | -47.51M | -263.41M | -56.51M | -109.76M | -9.68M | -75.3M | -115.27M | -902M | -152.3M | -85.94M | -578.16M | -12.13M | -118.84M | -72.47M | 383.66M | -14.89M | -98.04M | -125.23M | -107.83M | -904.01M |
| Capital Expenditures | -26.11M | -117.18M | -72.49M | -87.16M | -34.51M | -72.5M | -125.39M | -122.43M | -77.65M | -83.21M | -120.01M | -85.95M | -77.24M | -112.47M | -71.52M | -75.24M | -92.99M | -103.26M | -70.5M | -62.33M |
| CapEx % of Revenue | 1.34% | 4.39% | 3.72% | 4.21% | 1.76% | 3.49% | 5.74% | 5.41% | 4.15% | 4.11% | 6.28% | 4.8% | 4.17% | 5.74% | 3.19% | 3.11% | 4.24% | 4.84% | 3.37% | 3.39% |
| Acquisitions | -53M | -112.38M | 13.11M | -43.08M | 2.25M | -854.64K | -15.08M | -781.91M | -94.52M | 10.87M | -459.44M | -8.45M | -44.93M | 33.99M | 462.71M | 100.78M | 21.95M | -62.28M | -2M | -845.48M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 26.15M | -33.85M | 2.84M | 20.39M | 27.34M | -2.07M | 25.17M | 2.2M | 897.97K | 24.28M | 1.32M | -460.04K | -156.01K | -1.04M | 170.13K | -61.49K | 934.34K | 189.24K | -40.4K | 3.8M |
| Cash from Financing | -101.42M | 122.88M | -193.02M | -129.58M | -167.36M | -235.62M | -209.39M | -214.02M | 509.37M | 28.02M | 212.97M | -148.27M | -124.07M | -161.09M | -590.4M | -235.97M | -40.02M | -107.84M | -151.03M | 308.52M |
| Debt Issued (Net) | -49.95M | 252.65M | -48.31M | 36.03M | -53.01M | -123.12M | -130.21M | -108.57M | 573.16M | 265.66M | 276.8M | 27.19M | -13.64M | -3.46M | -351.71M | 29.11M | 87.54M | 70.64M | -92.27M | 258.54M |
| Equity Issued (Net) | -10.95M | -21.79M | -66.3M | -84.29M | -70.52M | -39.08M | 217.79K | -27.21M | -27.72M | -172.35M | 3.75M | -113.46M | -44.82M | -82.45M | -186.7M | -210.65M | -70.71M | -120.19M | -5.93M | -31.7M |
| Dividends Paid | -37.98M | -51.18M | -36.89M | -39.45M | -38.19M | -32.22M | -34.15M | -33.28M | -33.48M | -30.72M | -29.86M | -31.04M | -30.32M | -23.83M | -23.04M | -24.01M | -25.25M | -21.18M | -21.28M | -21.26M |
| Share Repurchases | -11.98M | -24.01M | -66.49M | -86.55M | -72.95M | -40.98M | -682.51K | -35.19M | -27.72M | -172.64M | 109.96K | -115.62M | -51.52M | -87.89M | -190.79M | -213.08M | -74.96M | -122.25M | -8.63M | -36.56M |
| Other Financing | -2.55M | -56.8M | -41.52M | -41.86M | -5.65M | -41.2M | -45.24M | -44.97M | -2.58M | -34.57M | -37.72M | -30.96M | -35.29M | -51.35M | -28.94M | -30.43M | -31.6M | -37.12M | -31.55M | 102.95M |
| Net Change in Cash | -24.37M | 244.54M | 3.58M | 11.57M | 16.43M | -55.13M | 28.53M | -874.84M | 567.6M | 246M | -89.98M | 41.37M | -10.6M | 14.86M | 117.23M | -5.61M | 1.3M | -43.61M | -48.64M | -290.46M |
| Free Cash Flow | 94.25M | 277.86M | 181.49M | 165.57M | 152.85M | 183.7M | 228.96M | 129.64M | 122.14M | 226.91M | 156.69M | 117.63M | 155.9M | 137.95M | 246.2M | 171.32M | 47.85M | 87.69M | 142.87M | 237.57M |
| FCF Margin % | 4.84% | 10.42% | 9.32% | 7.99% | 7.78% | 8.84% | 10.48% | 5.72% | 6.53% | 11.22% | 8.2% | 6.57% | 8.43% | 7.04% | 10.98% | 7.07% | 2.18% | 4.11% | 6.82% | 12.93% |
| FCF Growth % | -38.34% | 51.26% | -20.73% | 27.72% | 25.14% | -19.04% | 46.13% | 10.21% | -21.65% | 64.49% | -36.36% | -31.34% | 225.84% | 57.32% | 72.32% | -27.88% | -59.69% | -8.32% | 3.12% | 18.93% |
| FCF per Share | 1.14 | 3.37 | 2.19 | 1.98 | 1.81 | 2.15 | 2.69 | 1.52 | 1.43 | 2.64 | 1.80 | 1.35 | 1.77 | 1.56 | 2.73 | 1.86 | 0.51 | 0.92 | 1.50 | 2.49 |
| FCF Conversion (FCF/Net Income) | 2.81x | 3.94x | 3.02x | 2.52x | 3.45x | 3.04x | 2.76x | 2.15x | 2.15x | 2.29x | 2.07x | 1.58x | 2.07x | 1.62x | 1.29x | 0.89x | 0.94x | 1.31x | 1.61x | 0.72x |
| 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 |