UWM Holdings Corporation (UWMC) 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 | -2.23B | 103.76M | -3.08B | -265.88M | 593.9M | -543.26M | -2.18B | -1.32B | -2.2B | -329.27M | 345.9M | -1.84B | 1.99B | -2.54B | -547.88M | -391.06M | 11.75B | -6.2B | 592.1M | -6.98B |
| Operating CF Margin % | -247.37% | 10.98% | -654.23% | -33.89% | 367.51% | -113.5% | -474.21% | -293.22% | -424.7% | 202.84% | 55.84% | -340.69% | 1726.13% | -994.91% | -86.25% | -78.21% | 1555.18% | -1117.67% | 90.43% | -1524.97% |
| Operating CF Growth % | -475.46% | 119.1% | -41.36% | 79.81% | 126.96% | -64.99% | -729.75% | 28.58% | -210.53% | 87.06% | 163.13% | -371.62% | -83.04% | 58.98% | -192.53% | 94.4% | 345.65% | -365.09% | -63.25% | -1781.51% |
| Net Income | 170.37M | 164.48M | 12.09M | 22.91M | -247.03M | 40.61M | 31.95M | 3.05M | 180.53M | -27.08M | 300.99M | 228.79M | -138.61M | 228.79M | -138.61M | 215.44M | 453.29M | 239.83M | 329.86M | 138.71M |
| Depreciation & Amortization | 15.62M | 17.93M | 12.75M | 13.53M | 12.63M | 12.16M | 11.64M | 11.4M | 12.32M | 11.47M | 12.79M | 12.18M | 12.65M | 12.18M | 12.65M | 12.12M | 11.91M | 10.4M | 8.91M | 8.33M |
| Stock-Based Compensation | 13.16M | 15.59M | 14.73M | 11.73M | 8.31M | 9M | 5.77M | 3.94M | 5.88M | 3.96M | 3.82M | 3.57M | 2.48M | 2.06M | 1.99M | 1.68M | 1.83M | 2.01M | 2.13M | 2.33M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.73M | -26.91M | 2.92M | 1.79M | -502K | 1.79M | 0 | 0 | 0 | -119.34M | -48.68M | 0 |
| Other Non-Cash Items | -798.92M | -928.77M | -516.04M | -490.19M | -339.02M | -1.26B | -298.09M | -454.42M | -509.93M | -230.1M | -718.01M | -645.52M | -180.58M | 8.31B | -424.43M | -425.81M | -802.84M | -402.73M | -484.84M | -348.74M |
| Working Capital Changes | -1.63B | 834.52M | -2.6B | 176.15M | 1.16B | 656.37M | -1.93B | -881.15M | -1.89B | -60.62M | 743.38M | -1.45B | 2.3B | -11.1B | 525K | -194.5M | 12.09B | -5.93B | 784.73M | -6.78B |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 69.1M | 2.99M | 231.79M |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 524.28M | 160.27M | 542.96M | 627.94M | 928.39M | 94.82M | 237.39M | 1.06B | 1.29B | 177.64M | 581.62M | 426.34M | 644.37M | 145.77M | 341.99M | 192.09M | 610.5M | 10.18M | 219.13M | -22.33M |
| Capital Expenditures | -19.06M | -21.74M | -10.36M | -24.19M | -17.76M | -8.29M | -12.27M | -11.92M | -6.97M | -6.82M | -6.33M | -5.34M | -7.95M | -5.34M | -7.95M | -9.26M | -6.1M | -13.11M | -20M | -22.46M |
| CapEx % of Revenue | 2.11% | 2.3% | 2.2% | 3.08% | 10.99% | 1.73% | 2.67% | 2.65% | 1.34% | -4.2% | 1.02% | 0.99% | 6.89% | 2.09% | 1.25% | 1.85% | 0.81% | 2.36% | 3.05% | 4.9% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 11.21B | 10.07B | 10.98B | 8.2B | 8.55B | 9.72B | 10.32B | 8.4B | 7.48B | 5.59B | 5.76B | 6.44B | 4.98B | 7.33B | 5.84B | 5.58B | 5.59B | 17.13B | 11.92B | 12.48B |
| Other Investing | 0 | 177.6M | 551.33M | 650.38M | 944.4M | 101.14M | 247.62M | 1.07B | 1.29B | 182.82M | 585.79M | 429.64M | 650.71M | 149.07M | 348.32M | 198.34M | 613.53M | 22.39M | 239.13M | 126K |
| Cash from Financing | 1.65B | -631.36M | 2.92B | -357.11M | -1.54B | 319.45M | 1.9B | 335.31M | 1.02B | -80.52M | -832.48M | 1.31B | -2.6B | 2.3B | 46.77M | 256.45M | -12.19B | 5.97B | -908.5M | 6.46B |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -60.63M | -15.28M | -5.72M |
| Dividends Paid | -159.99M | -159.98M | -178.46M | -18.77M | -15.79M | -11.31M | -9.56M | -207.96M | -203.63M | -159.57M | -159.52M | -159.52M | -159.47M | -158.94M | -9.25M | -9.25M | -9.17M | -10.08M | -160.45M | -228.93M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -60.63M | -15.28M | -5.72M |
| Other Financing | -301K | 0 | -4K | -192.26M | -151.69M | -148.51M | -172.8M | 0 | -899K | -6K | 0 | 0 | -1.31M | 0 | -150.71M | -150.21M | -300.44M | -5.12M | 0 | 2.91M |
| Net Change in Cash | -53.05M | -367.34M | 380.72M | 4.96M | -22.32M | -128.99M | -43.83M | 74.51M | 108.17M | -232.15M | 95.04M | -105.49M | 35.16M | -94.64M | -159.12M | 57.48M | 170.09M | -219.82M | -97.27M | -544.49M |
| Free Cash Flow | -2.25B | 82.02M | -3.09B | -290.07M | 576.13M | -551.55M | -2.19B | -1.33B | -2.21B | -336.09M | 339.57M | -1.85B | 1.98B | -2.55B | -553.26M | -400.32M | 11.75B | -6.22B | 572.1M | -7.01B |
| FCF Margin % | -249.49% | 8.68% | -656.43% | -36.97% | 356.52% | -115.23% | -476.88% | -295.87% | -426.04% | 207.04% | 54.82% | -341.68% | 1719.24% | -997.2% | -87.1% | -80.06% | 1554.37% | -1120.03% | 87.38% | -1529.87% |
| FCF Growth % | -490.35% | 114.87% | -41.04% | 78.18% | 126.07% | -64.11% | -745.1% | 28.14% | -211.32% | 86.82% | 161.38% | -362.04% | -83.1% | 58.97% | -196.71% | 94.29% | 347.08% | -348.06% | -64.97% | -1837.35% |
| FCF per Share | -10.64 | 0.32 | -13.96 | -1.44 | 3.74 | -3.55 | -21.95 | -13.93 | -23.38 | -3.60 | 3.64 | -19.87 | 21.36 | -27.57 | -5.98 | -4.33 | 7.37 | -3.89 | 0.36 | -4.36 |
| FCF Conversion (FCF/Net Income) | -88.13x | 5.34x | 2440.04x | -11.61x | -43.42x | -60.91x | 346.04x | -431.86x | -252.32x | 12.16x | 18.97x | -244.02x | -166.90x | 9186.43x | -46.84x | -46.74x | 535.88x | -365.96x | 23.45x | -844.99x |
| Interest Paid | 145.97M | 0 | 0 | 148.75M | 84.78M | 176.59M | 100.39M | 131.17M | 68.84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 110.99M | 71.79M | 0 |
| Taxes Paid | 39K | 0 | 0 | 103K | 58K | 18K | 2.1M | 503K | 363K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38K | 39K | 0 |