Walker & Dunlop, Inc. (WD) 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 | -1.14B | 803.37M | -948.12M | -238.45M | -281.11M | 530.82M | -202.01M | -237.85M | 38.4M | 331.89M | 548.62M | -334.36M | -546.67M | 2.05B | -1.32B | -118.06M | 971.93M | 1.07B | -956.32M | -556.35M |
| Operating CF Margin % | -410.19% | 236.27% | -280.78% | -74.69% | -118.43% | 155.46% | -69.11% | -87.87% | 16.84% | 120.98% | 204.14% | -122.65% | -228.98% | 724.58% | -418.44% | -34.64% | 304.26% | 262.15% | -276.16% | -197.7% |
| Operating CF Growth % | -306.93% | 51.35% | -369.34% | -0.25% | -832.11% | 59.94% | -136.82% | 28.87% | 107.02% | -83.81% | 141.54% | -183.21% | -156.25% | 92% | -38.1% | 78.78% | -26.13% | 20.55% | 35.13% | -4.97% |
| Net Income | 15.24M | -13.11M | 32.62M | 33.16M | 2.73M | 41.16M | 28.18M | 22.15M | 11.58M | 30.79M | 20.92M | 26.93M | 25.96M | 40.38M | 46.66M | 54.11M | 69.04M | 77.26M | 69.36M | 54.23M |
| Depreciation & Amortization | 62.96M | 62.08M | 60.04M | 58.94M | 57.62M | 68.05M | 57.56M | 56.04M | 55.89M | 56.02M | 57.48M | 56.29M | 56.97M | 57.93M | 59.85M | 61.1M | 56.15M | 61.41M | 53.5M | 48.51M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 27.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.55M | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | -2.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -58.45M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -1.16B | 754.39M | -1.07B | -436.07M | -341.45M | 396.77M | -253.8M | -344.04M | 60.74M | 181.89M | 492.95M | -435.55M | -547.87M | 1.98B | -1.43B | -233.27M | 915.69M | 937.25M | -1.12B | -685.12M |
| Working Capital Changes | -64.35M | 0 | 24.86M | 105.52M | 0 | 0 | -33.94M | 28M | -89.81M | 63.2M | -22.73M | 17.96M | -81.73M | -24.57M | 52.91M | 0 | -68.95M | -8.48M | 42.44M | 26.03M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -40.08M | -12.51M | -2.91M | -22.54M | -39.38M | -992K | -8.53M | -8.56M | -25.05M | -19.7M | 35.95M | 101.33M | 9.28M | 37.21M | -57.06M | -69.49M | -44.44M | -426.88M | -26.09M | -5.77M |
| Capital Expenditures | -1.89M | -7.26M | -2.31M | -2.57M | -3.63M | -3.94M | -1.97M | -3.83M | -3.22M | -2.32M | -4.38M | -6.97M | -2.53M | -2.69M | -7.4M | -112K | -11.79M | -3.7M | -1.71M | -2.01M |
| CapEx % of Revenue | 0.68% | 2.14% | 0.68% | 0.8% | 1.53% | 1.15% | 0.67% | 1.42% | 1.41% | 0.85% | 1.63% | 2.56% | 1.06% | 0.95% | 2.34% | 0.03% | 3.69% | 0.91% | 0.49% | 0.71% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 265.37M | 241.4M | 257.56M | 0 | 0 | 207.24M | 0 | 0 | 0 | 215.38M | 0 | 0 | 0 | 198.85M | 0 | 0 | 0 | 164.86M | 0 | 0 |
| Other Investing | -15.52M | 3.39M | 3.38M | 677K | -35.75M | 2.94M | -6.17M | 19.77M | -13.47M | -139K | 31.78M | 109.69M | 19.33M | 44.98M | 13.35M | -63.29M | 52.89M | -35.83M | 38.02M | 9.82M |
| Cash from Financing | 1.07B | -784.35M | 996.13M | 324.33M | 222.03M | -468.57M | 195.69M | 247.3M | -124.15M | -221.44M | -567.82M | 282.22M | 513.8M | -2.03B | 1.39B | 159.3M | -1.1B | -651.99M | 997.26M | 620.26M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -19.1M | -183K | -1.04M | -645K | -8.59M | -369K | -1.41M | -2.03M | -8.57M | -386K | 866K | -662K | -16.95M | -1.47M | -1.29M | -12.22M | -26.9M | -3.19M | -9.38M | -285K |
| Dividends Paid | -23.61M | -22.97M | -22.97M | -22.92M | -22.93M | -22.35M | -22.07M | -22.25M | -21.96M | -21.3M | -21.14M | -21.18M | -21.22M | -20.12M | -19.88M | -20.07M | -20.08M | -16.18M | -16.15M | -16.07M |
| Share Repurchases | -19.1M | -183K | -1.04M | -645K | -8.59M | -369K | -1.41M | -809K | -9.79M | -1.58M | -871K | -662K | -17.39M | -1.69M | -1.29M | -12.33M | -27.05M | -3.19M | -1.5M | -816K |
| Other Financing | 52K | -3.77M | 150K | -9.35M | -16.67M | -13.35M | -9.12M | 210.65M | -14.8M | 130K | -1.39M | -1.74M | -26.29M | -1.97M | -3.73M | -2.68M | -18.18M | 0 | 0 | 0 |
| Net Change in Cash | -95.14M | 6.51M | 44.49M | 61.56M | -98.46M | 61.26M | -23.97M | 5.95M | -112.52M | 96.03M | 4.23M | 40.97M | -34.73M | 51.19M | 9.3M | -28.25M | -165.49M | -4.62M | 10.7M | 50.28M |
| Free Cash Flow | -1.15B | 796.1M | -950.43M | -241.02M | -284.74M | 526.88M | -203.98M | -241.68M | 35.18M | 329.57M | 544.24M | -341.33M | -549.2M | 2.05B | -1.33B | -118.17M | 960.14M | 1.06B | -958.03M | -558.36M |
| FCF Margin % | -410.86% | 234.13% | -281.46% | -75.5% | -119.96% | 154.31% | -69.78% | -89.29% | 15.42% | 120.13% | 202.51% | -125.21% | -230.03% | 723.63% | -420.78% | -34.67% | 300.57% | 261.24% | -276.65% | -198.41% |
| FCF Growth % | -302.41% | 51.1% | -365.95% | 0.27% | -909.46% | 59.87% | -137.48% | 29.2% | 106.41% | -83.9% | 140.98% | -188.85% | -157.2% | 92.41% | -38.62% | 78.84% | -26.92% | 20.25% | 35.04% | -5.2% |
| FCF per Share | -34.29 | 23.86 | -28.46 | -7.22 | -8.55 | 15.86 | -6.14 | -7.29 | 1.06 | 10.00 | 16.54 | -10.39 | -16.74 | 62.64 | -40.71 | -3.61 | 29.44 | 33.29 | -30.45 | -17.80 |
| FCF Conversion (FCF/Net Income) | -67.47x | -60.99x | -28.34x | -7.02x | -102.07x | 11.84x | -7.01x | -10.49x | 3.24x | 10.50x | 25.57x | -12.10x | -20.50x | 49.39x | -28.20x | -2.17x | 13.65x | 13.35x | -13.33x | -9.92x |
| Interest Paid | 0 | 48.2M | 0 | 0 | 14.87M | 32.29M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20.57M | 14.99M | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 1.1M | 0 | 0 | 0 | 3.26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.8M | 44.01M | 0 | 0 | 0 | 0 |