Werner Enterprises, Inc. (WERN) 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 | 83.45M | 62.29M | 44.14M | 46.02M | 29.37M | 71.03M | 61.04M | 109.07M | 88.58M | 118.35M | 74.23M | 114.94M | 166.85M | 116M | 65.19M | 112.57M | 154.96M | 79.47M | 63.88M | 53.6M |
| Operating CF Margin % | 10.32% | 8.44% | 5.72% | 6.11% | 4.12% | 9.41% | 8.19% | 14.34% | 11.52% | 14.4% | 9.08% | 14.17% | 20.04% | 13.46% | 7.88% | 13.46% | 20.27% | 10.39% | 9.09% | 8.25% |
| Operating CF Growth % | 184.13% | -12.31% | -27.68% | -57.8% | -66.85% | -39.98% | -17.76% | -5.11% | -46.91% | 2.03% | 13.87% | 2.11% | 7.67% | 45.95% | 2.05% | 110.03% | 14.05% | -20.14% | 8.17% | -65.19% |
| Net Income | -4.26M | -35.32M | -21.08M | 43.62M | -10.22M | 11.58M | 6.54M | 9.46M | 6.31M | 23.57M | 23.5M | 30.02M | 35.53M | 61.01M | 55.92M | 73.61M | 55.03M | 77.86M | 65.09M | 72.03M |
| Depreciation & Amortization | 84.91M | 73.33M | 72.18M | 70.76M | 70.05M | 71.88M | 71.58M | 72.67M | 74.27M | 75.71M | 74.59M | 74.9M | 74.31M | 73.83M | 70.4M | 68.47M | 67.23M | 71.27M | 68.61M | 63.87M |
| Stock-Based Compensation | 0 | 3M | 2.79M | 2.46M | 2.44M | 1.78M | 2.45M | 2.37M | 2.25M | 3.27M | 2.38M | 2.89M | 3.4M | 3.37M | 3.04M | 3.06M | 3.03M | 2.81M | 2.75M | 2.75M |
| Deferred Taxes | -3.76M | -11.26M | 17.23M | 2.94M | -11.61M | -24.07M | -14.65M | -14.31M | 2.83M | -15.62M | 14.55M | 9.33M | -111K | 32.29M | 10.89M | -376K | -254K | 14.73M | -280K | 11.55M |
| Other Non-Cash Items | -7.73M | 40.6M | -10.01M | -54.42M | -17.46M | -5.23M | -5.72M | -14.75M | -10.52M | -4.35M | -13.09M | -19.16M | -17.72M | -25.68M | -25.95M | -46.43M | -8.26M | -23.73M | -35.91M | -33.7M |
| Working Capital Changes | 14.29M | -8.06M | -16.97M | -19.34M | -3.83M | 15.09M | 841K | 53.62M | 13.44M | 35.76M | -27.71M | 16.96M | 71.43M | -28.82M | -49.11M | 14.24M | 38.18M | -63.46M | -36.39M | -62.89M |
| Change in Receivables | -13.3M | 42.58M | -16.98M | -33.46M | 4.61M | -7.66M | 25.96M | 7.48M | 27.48M | 4.84M | -12.14M | 23.36M | 57.87M | 35.43M | -11.13M | -32.4M | 11.28M | -31.93M | -19.09M | -43.18M |
| 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 | 29.7M | -28.14M | 8.34M | 7.48M | -4.37M | -570K | -15.09M | 10.54M | -5.27M | -2.56M | 10.34M | -10.98M | 6.48M | -24.73M | -9.03M | 17.76M | 12.33M | -2.49M | 597K | -1.84M |
| Cash from Investing | -194M | -71.81M | -35.84M | -66.29M | 2.37M | -34.98M | -87.06M | -100M | -19.41M | -32.89M | -121.73M | -151.09M | -129.23M | -245.59M | -99.07M | -135.14M | -34.54M | -88.39M | -204.3M | -63.31M |
| Capital Expenditures | -52.79M | -85.81M | -52.7M | -88.34M | -23.51M | -80.8M | -134.47M | -140.3M | -58.23M | -68.7M | -168.77M | -199.55M | -161.76M | -127.35M | -152.57M | -153.71M | -73.63M | -75.36M | -102.5M | -110.43M |
| CapEx % of Revenue | 6.53% | 11.63% | 6.83% | 11.73% | 3.3% | 10.71% | 18.03% | 18.44% | 7.57% | 8.36% | 20.64% | 24.6% | 19.43% | 14.78% | 18.43% | 18.38% | 9.63% | 9.85% | 14.58% | 16.99% |
| Acquisitions | -133.95M | 60.4M | -1.3M | -1.76M | 31.08M | -1.46M | -80.34M | -1.3M | 39.2M | -740K | 48.8M | 48.1M | -2.31M | -184.82M | 51.92M | 37.36M | 705K | -60.55M | -141.29M | 45.35M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -5.27M | -34.4M | 18.16M | 23.82M | 816K | 53.29M | 125.14M | 41.61M | -364K | -11.67M | 1.1M | 881K | 34.85M | 58.53M | 1.58M | 1.46M | 38.39M | 2.48M | 44.49M | 1.77M |
| Cash from Financing | 112.1M | 18.23M | -9.09M | 18.69M | -20.54M | -49.3M | 11.35M | 3M | -70.77M | -67.09M | 44.22M | -47.96M | -16.23M | 110.58M | 105.39M | -48.96M | -48.98M | 17.8M | -5.98M | 118.21M |
| Debt Issued (Net) | 122.59M | 27M | 0 | 85M | -10M | -40M | 20M | 72.5M | -51.25M | -55.91M | 53.13M | -51.25M | -2.5M | 120M | 128.75M | 18.75M | -1.25M | 77.5M | 50M | 125M |
| Equity Issued (Net) | 0 | 9K | 57.44M | -55.56M | -1.88M | 17K | 0 | -60.54M | -6.55M | -805K | 0 | 0 | 0 | -378K | -8.29M | -65.93M | -36.18M | -51.18M | -47.76M | 0 |
| Dividends Paid | -8.38M | -8.38M | -8.38M | -8.67M | -8.66M | -8.65M | -8.65M | -8.88M | -8.88M | -8.88M | -8.87M | -8.24M | -8.22M | -8.22M | -8.24M | -7.81M | -7.89M | -8.03M | -8.15M | -6.79M |
| Share Repurchases | 0 | 9K | 57.44M | -55.56M | -1.88M | 17K | 0 | -60.54M | -6.55M | -805K | 0 | 0 | 0 | -378K | -8.29M | -65.93M | -36.18M | -51.18M | -47.76M | 0 |
| Other Financing | -2.11M | -398K | -58.16M | -2.08M | 0 | -659K | 0 | -85K | -4.09M | -1.5M | -37K | 11.53M | -5.51M | -822K | -6.83M | 6.03M | -3.66M | -497K | -68K | 0 |
| Net Change in Cash | 1.62M | 8.94M | -436K | -531K | 11.2M | -13.91M | -15.79M | 10.11M | -1.39M | 18.97M | -3.75M | -83.09M | 22.35M | -18.44M | 71.26M | -71.53M | 71.75M | 8.77M | -146.7M | 109M |
| Free Cash Flow | 30.66M | -23.52M | -8.55M | -42.32M | 5.86M | -9.77M | -73.42M | -31.23M | 30.35M | 49.65M | -94.54M | -84.61M | 5.08M | -11.36M | -87.38M | -41.13M | 81.33M | 4.11M | -38.62M | -56.83M |
| FCF Margin % | 3.79% | -3.19% | -1.11% | -5.62% | 0.82% | -1.29% | -9.85% | -4.1% | 3.95% | 6.04% | -11.56% | -10.43% | 0.61% | -1.32% | -10.56% | -4.92% | 10.64% | 0.54% | -5.49% | -8.75% |
| FCF Growth % | 423.51% | -140.83% | 88.35% | -35.51% | -80.7% | -119.67% | 22.34% | 63.09% | 497.09% | 537.23% | -8.2% | -105.68% | -93.75% | -376.28% | -126.24% | 27.62% | 52.55% | 121.51% | 40.73% | -238.74% |
| FCF per Share | 0.51 | -0.39 | -0.14 | -0.69 | 0.09 | -0.16 | -1.18 | -0.50 | 0.48 | 0.78 | -1.48 | -1.33 | 0.08 | -0.18 | -1.37 | -0.64 | 1.23 | 0.06 | -0.57 | -0.83 |
| FCF Conversion (FCF/Net Income) | -19.58x | -2.24x | -2.15x | 1.04x | -2.91x | 5.97x | 9.30x | 11.52x | 14.03x | 5.02x | 3.13x | 3.85x | 4.74x | 1.93x | 1.18x | 1.56x | 2.88x | 1.05x | 1.00x | 0.74x |
| Interest Paid | 10.54M | 10.07M | 9.91M | 6.18M | 14.42M | 12.75M | 10.68M | 7.4M | 9.33M | 1.91M | 8.66M | 8.4M | 8.24M | 5.52M | 2.43M | 1.7M | 1.54M | 1.71M | 934K | 705K |
| Taxes Paid | 1.89M | -89K | 11K | 17.61M | 21.06M | -14.85M | 11.27M | 2.42M | 1.17M | 752K | 5.7M | 11.22M | 219K | 1.52M | 7.7M | 30.26M | 837K | 24.84M | 16.3M | 39.51M |