TPG Inc. (TPG) 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 | Q1'21 |
|---|
| Cash from Operations | 176.55M | -43.7M | 492.04M | 385.87M | 198.19M | -188.07M | 68.93M | 214.57M | 436.71M | -512.04M | 692.26M | 504.5M | 35.8M | 587.28M | 84.26M | -9.27M | 713.6M | 417.31M | 1.12B | 240.79M |
| Operating CF Margin % | 35.31% | -2.93% | 58.57% | 55.44% | 26.66% | -25.26% | 10.84% | 35.31% | 68.74% | -76.1% | 238.29% | 113.16% | 8.02% | 151.85% | 19.93% | -9.47% | 119.49% | 36.74% | 150.48% | 17.72% |
| Operating CF Growth % | -10.92% | 76.76% | 613.81% | 79.83% | -54.62% | 63.27% | -90.04% | -57.47% | 1119.87% | -187.19% | 721.55% | 5545.25% | -94.98% | 40.73% | -92.49% | - | - | - | - | - |
| Net Income | -123.28M | 282.42M | 199.23M | 30.11M | 87.83M | 11.09M | 8.96M | -57.58M | -9.01M | 13.17M | -94.71M | 40.01M | 35.67M | -9.75M | 44.68M | -12.28M | 162.8M | 833.76M | 520.48M | 1.16B |
| Depreciation & Amortization | 41.75M | 41.32M | 41.03M | 30.81M | 31.38M | 37.94M | 32.4M | 32.08M | 32.97M | 23.45M | 7.7M | 8.3M | 8.22M | 8.36M | 7.37M | 8.56M | 8.7M | 16.33M | 2.25M | 1.36M |
| Stock-Based Compensation | 255.14M | 0 | 0 | 415.45M | 0 | 0 | 0 | 0 | 227.91M | 0 | 0 | 0 | 157.29M | 296.66M | 0 | 0 | 185.91M | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -206.61M | -144.35M | 0 | 0 | 0 | -143.15M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 2.94M | 14.97M | 415.14M | 108.51M | 270.72M | 391.85M | 71.19M | 355.69M | 117.23M | 391.6M | 374.75M | 59.16M | -114.79M | -185.06M | 208.08M | 94.57M | -316M | -825.15M | -458.74M | -1.14B |
| Working Capital Changes | 0 | -382.41M | -163.36M | -199.01M | -191.74M | -628.96M | -43.62M | -115.61M | 67.61M | -733.65M | 548.87M | 397.02M | -50.6M | 477.06M | -32.73M | -100.12M | 672.19M | 392.37M | 1.06B | 218.97M |
| Change in Receivables | 0 | -81.38M | 38.22M | -75.93M | 537K | -6.05M | 8.21M | -127.37M | 119.16M | 54.81M | 0 | 17.39M | 3.25M | 0 | 69.22M | 0 | 0 | 0 | 5.18M | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.87M | 0 | 0 | 24.72M | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 28.06M | 0 | 114.16M | 77.45M | 67.25M | -242.56M | 27.22M | 95.52M | 157.1M | -538.99M | 75.1M | -10.17M | 0 | 0 | 63.73M | 89.54M | 74.4M | 0 | 0 | 0 |
| Cash from Investing | -516.26M | -9.32M | -245.2M | -3.08M | -6.35M | -1.46M | -10.55M | -7.11M | -25.34M | -363.02M | -5.58M | -4.06M | -896K | -120K | -184K | -2.07M | -636K | -57.34M | 26.49M | -8.67M |
| Capital Expenditures | -16.27M | -9.32M | -10.05M | -3.08M | -6.35M | -1.46M | -10.55M | -6.45M | -9.66M | -6.19M | -5.58M | -4.06M | -896K | -120K | -184K | -893K | -1.25M | -177K | -1.48M | 0 |
| CapEx % of Revenue | 3.25% | 0.63% | 1.2% | 0.44% | 0.85% | 0.2% | 1.66% | 1.06% | 1.52% | 0.92% | 1.92% | 0.91% | 0.2% | 0.03% | 0.04% | 0.91% | 0.21% | 0.02% | 0.2% | - |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 9.21B | 8B | 7.66B | 7.58B | 7.3B | 7.19B | 6.86B | 6.75B | 6.64B | 5.31B | 5.8B | 5.53B | 5.33B | 5.73B | 5.52B | 6.35B | 6.11B | 6.91B | 1.72B |
| Other Investing | -49.58M | 0 | 0 | 159.63M | 0 | 0 | 0 | 150.05M | 165.11M | 0 | 290.25M | 188.14M | 21.11M | 1.08B | 2.34B | 17M | 25.91M | -57.16M | 27.97M | -8.67M |
| Cash from Financing | 365.1M | -201.29M | -278.45M | -92.84M | -177.78M | -167.09M | -14.75M | -177.31M | 14.3M | 315.62M | -355.6M | -538.92M | -210.33M | -532.29M | -209.25M | -265.46M | -231.08M | -1.17B | -263.06M | -361.1M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 0 | -2.86M | -1.59M | -180.11M | -5.14M | -991K | -3.49M | -58.05M | -661M | -261.03M | -400.46M | -6.03M | -352.01M | 379.6M | -379.6M | 820.62M | -141.58M | -163.18M | 0 |
| Dividends Paid | -326.93M | -251.33M | -495.36M | -221.49M | -260.88M | -205.98M | -204.76M | -210.53M | -211.22M | -196.72M | -95.88M | -143.54M | -207.09M | -183.85M | -209.78M | -269.18M | -355.28M | -629.38M | -178.31M | -192.93M |
| Share Repurchases | -500M | 0 | -2.86M | -1.59M | -180.11M | -5.14M | -991K | -3.49M | -58.05M | -661M | -261.03M | -400.46M | -6.03M | -352.01M | 379.6M | -379.6M | 0 | -141.58M | 0 | 0 |
| Other Financing | 692.02M | 120.04M | 29.76M | 3.24M | 62.21M | 92.03M | 91M | 36.86M | -15.44M | 672.34M | 1.31M | 155.07M | 2.79M | 3.58M | -379.07M | 383.32M | -696.41M | -599.49M | 128.43M | -168.17M |
| Net Change in Cash | 25.38M | -254.32M | -31.61M | 289.94M | 14.06M | -356.63M | 43.63M | 30.15M | 425.67M | -559.44M | 331.07M | -38.48M | -175.43M | 54.87M | -125.18M | -276.79M | 481.89M | -810.49M | 885.9M | -128.98M |
| Free Cash Flow | 160.28M | -53.02M | 481.99M | 382.78M | 191.84M | -189.54M | 58.38M | 208.12M | 427.05M | -518.23M | 686.67M | 500.44M | 34.9M | 587.16M | 84.08M | -10.16M | 712.35M | 417.13M | 1.12B | 240.79M |
| FCF Margin % | 32.06% | -3.56% | 57.38% | 55% | 25.81% | -25.46% | 9.18% | 34.25% | 67.22% | -77.02% | 236.37% | 112.25% | 7.82% | 151.82% | 19.89% | -10.39% | 119.28% | 36.73% | 150.28% | 17.72% |
| FCF Growth % | -16.45% | 72.02% | 725.63% | 83.92% | -55.08% | 63.43% | -91.5% | -58.41% | 1123.5% | -188.26% | 716.71% | 5026.6% | -95.1% | 40.76% | -92.5% | - | - | - | - | - |
| FCF per Share | 0.42 | -0.35 | 1.27 | 1.03 | 0.52 | -0.52 | 0.16 | 0.57 | 1.17 | -1.51 | 2.22 | 1.62 | 0.11 | 1.90 | 0.27 | -0.03 | 2.31 | 5.26 | 14.50 | 3.12 |
| FCF Conversion (FCF/Net Income) | -1.43x | -0.57x | 9.98x | 25.83x | 7.80x | -14.49x | 7.69x | -15.35x | 28.14x | -38.87x | 47.20x | 18.55x | 1.43x | -60.25x | 2.26x | 0.94x | 17.27x | 1.28x | 2.16x | 0.21x |
| Interest Paid | 0 | 0 | 24.29M | 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 |