Veeva Systems Inc. (VEEV) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | 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 |
|---|
| Cash from Operations | 1.13B | 106.85M | 192.79M | 238.43M | 877.16M | 69.54M | 164.12M | 92.87M | 763.52M | 57.77M | 82.6M | 265.04M | 505.94M | 63.4M | 142.66M | 93.39M | 481.03M | 54.05M | 112.96M | 119.06M |
| Operating CF Margin % | 127.65% | 12.78% | 23.76% | 30.22% | 115.56% | 9.65% | 23.47% | 13.74% | 117.4% | 9.16% | 13.4% | 44.9% | 96.13% | 11.25% | 25.83% | 17.48% | 95.23% | 11.13% | 23.73% | 26.13% |
| Operating CF Growth % | 28.5% | 53.64% | 17.47% | 156.73% | 14.88% | 20.38% | 98.69% | -64.96% | 50.91% | -8.88% | -42.1% | 183.81% | 5.18% | 17.28% | 26.29% | -21.57% | 0.55% | -20.92% | 18.4% | 13.05% |
| Net Income | 260.94M | 244.2M | 236.2M | 200.31M | 228.19M | 195.63M | 185.81M | 171.04M | 161.66M | 147.4M | 135.16M | 111.63M | 131.52M | 188.53M | 108.46M | 90.6M | 100.11M | 97.1M | 105.87M | 108.86M |
| Depreciation & Amortization | 14.87M | 11.41M | 9.71M | 13.18M | 13.09M | 13.13M | 9.93M | 11.02M | 8.5M | 9.71M | 8.77M | 8.87M | 8.81M | 9.04M | 9.09M | 10.02M | 9.95M | 9.71M | 9.86M | 9.87M |
| Stock-Based Compensation | 0 | -1.84M | 120.27M | -1.94M | 0 | 0 | 117.86M | 108.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 14.34M | 14.91M | 18.49M | 59.12M | -27.42M | -21.04M | -31.43M | -33.26M | -26.54M | -25.24M | -33.41M | -25.21M | -21.51M | -43.13M | -31.06M | -20.88M | -32.43M | 905K | -2.02M | 6.95M |
| Other Non-Cash Items | 120.59M | 125.09M | 5.83M | 120.3M | 118.07M | 116.89M | -84K | -2.3M | 97.24M | 97.74M | 100.23M | 101.56M | 94.5M | 98.52M | 99.25M | 103.41M | 73.63M | 68.9M | 70.11M | 70.46M |
| Working Capital Changes | 716.38M | -286.93M | -197.71M | -152.53M | 545.23M | -235.06M | -117.97M | -162M | 522.65M | -171.83M | -128.15M | 68.19M | 292.62M | -189.57M | -43.09M | -89.77M | 329.76M | -122.55M | -70.85M | -77.08M |
| Change in Receivables | 687.47M | -938.78M | 100.78M | 68.43M | 515.01M | -755.8M | 102.68M | -3.45M | 487.6M | -588.26M | 116.13M | 34.06M | 334.06M | -459.33M | 64.97M | 505K | 302.78M | -414.79M | 55.28M | -21.14M |
| 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 | 4.47M | 2.89M | -171K | -4.38M | 7.74M | -2.38M | 3.77M | -3.62M | 280K | -4.73M | -13.56M | 6.1M | 1.96M | 766K | 10M | 5.54M | 5.12M | -5.26M | 4.03M | 5.03M |
| Cash from Investing | -388.71M | -167.75M | -495.23M | -389.27M | -52.11M | -15.69M | -298.23M | -113.84M | -272.38M | -86.7M | -73.32M | -618.93M | -297.39M | -39.26M | -405.73M | -184.21M | -378.49M | -55.16M | -10.23M | -242.81M |
| Capital Expenditures | -1.75M | -7.03M | -9.89M | -6.3M | -5.91M | -4.72M | -4.27M | -3.05M | -8.48M | -7.74M | -5.91M | -9.59M | -2.96M | -3.91M | -5.61M | -1.66M | -2.33M | -3.92M | -2.31M | -5.33M |
| CapEx % of Revenue | 0.2% | 0.84% | 1.22% | 0.8% | 0.78% | 0.65% | 0.61% | 0.45% | 1.3% | 1.23% | 0.96% | 1.63% | 0.56% | 0.69% | 1.02% | 0.31% | 0.46% | 0.81% | 0.49% | 1.17% |
| Acquisitions | -75.48M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5.65M | 0 | -2.13M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -262.53M | -178.05M | 32.65M | 115.69M | 20.38M | 20.81M | 12.96M | -11.48M | 3.83M | -10.48M | -6.89M | 2.58M | -1.39M | -2.24M | -10.54M | -7.88M | 1.29M | -10.56M | -16.05M | 5.66M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -98K |
| Equity Issued (Net) | -224.01M | -156.08M | 57.7M | 141.69M | 40.6M | 40.43M | 30.27M | 6.4M | 28.43M | 10.5M | 13.96M | 23M | 15.23M | 13.54M | 4.58M | 9.25M | 16.29M | 8.23M | 5.37M | 20.85M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -226.95M | -169.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -38.52M | -21.97M | -25.05M | -26M | -20.23M | -19.62M | -17.31M | -17.88M | -24.61M | -20.99M | -20.84M | -20.42M | -16.63M | -15.78M | -15.12M | -17.13M | -15M | -18.78M | -21.41M | -15.1M |
| Net Change in Cash | 475.35M | -238.9M | -270.29M | -34.55M | 846.2M | 74.27M | -121.24M | -32.45M | 493.71M | -40.23M | 1.1M | -351.03M | 207.17M | 21.31M | -275.09M | -99.75M | 101.96M | -11.91M | 85.22M | -118.27M |
| Free Cash Flow | 0 | 99.82M | 186.48M | 232.13M | 871.25M | 64.82M | 159.85M | 89.82M | 755.04M | 50.03M | 76.69M | 255.44M | 502.98M | 59.49M | 137.05M | 91.72M | 478.69M | 50.13M | 110.64M | 113.74M |
| FCF Margin % | - | 11.94% | 22.99% | 29.42% | 114.78% | 8.99% | 22.86% | 13.28% | 116.1% | 7.93% | 12.44% | 43.28% | 95.56% | 10.56% | 24.81% | 17.17% | 94.77% | 10.33% | 23.24% | 24.97% |
| FCF Growth % | -100% | 53.98% | 16.66% | 158.43% | 15.39% | 29.56% | 108.44% | -64.84% | 50.11% | -15.9% | -44.04% | 178.49% | 5.07% | 18.66% | 23.87% | -19.36% | 0.62% | -26.41% | 20.15% | 13.54% |
| FCF per Share | - | 0.59 | 1.11 | 1.39 | 5.24 | 0.39 | 0.97 | 0.55 | 4.59 | 0.30 | 0.47 | 1.56 | 3.09 | 0.37 | 0.84 | 0.57 | 2.96 | 0.31 | 0.68 | 0.70 |
| FCF Conversion (FCF/Net Income) | 4.32x | 0.44x | 0.82x | 1.19x | 3.84x | 0.36x | 0.88x | 0.54x | 4.72x | 0.39x | 0.61x | 2.37x | 3.85x | 0.34x | 1.32x | 1.03x | 4.80x | 0.56x | 1.07x | 1.09x |
| 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 | 112.83M | 0 | 83.11M | 76.17M | 158.53M | 4.23M | 33.62M | 93.59M | 6.23M | 1.03M | 57.24M | 2.94M | 89.58M | 18.19M | 23.96M | 14.17M | 15.37M |