West Fraser Timber Co. Ltd. (WFG) 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 | -240.67M | -241.89M | 55.64M | 285M | -75M | 173M | 150M | 375.01M | -32.85M | 96M | 355M | 272M | -267.6M | 147M | 433M | 1.06B | 563M | 276.68M | 914.66M | 1.87B |
| Operating CF Margin % | -18.04% | -14.9% | 4.3% | 18.3% | -5.14% | 12.31% | 10.44% | 21.99% | -2.02% | 4.79% | 20.82% | 16.92% | -16.45% | 6.72% | 20.74% | 36.85% | 18.1% | 13.58% | 38.79% | 49.48% |
| Operating CF Growth % | -220.89% | -239.82% | -62.91% | -24% | -128.29% | 80.21% | -57.75% | 37.87% | 87.72% | -34.69% | -18.01% | -74.44% | -147.53% | -46.87% | -52.66% | -43.09% | 21.86% | -13.75% | 96.7% | 487.96% |
| Net Income | -258.55M | -1.05B | -201.74M | -24M | 41.87M | -62M | -83M | 104.98M | 34.84M | -153M | 159M | -131M | -56.76M | -93M | 216M | 762M | 1.09B | 332.88M | 456.87M | 1.48B |
| Depreciation & Amortization | 189.78M | 200.62M | 131.53M | 134M | 133.59M | 137M | 136M | 137.97M | 137.38M | 139.76M | 132M | 135M | 186.51M | 148M | 140M | 144M | 157M | 152.48M | 146M | 160.63M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.42M | 18.55M | 0 | 0 | 2.7M | 8.12M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | -304.36M | 0 | -19M | 25M | 8M | -5M | 34M | 15M | -54M | 3M | -34M | 0 | -32M | 3M | 210M | 321M | -25.77M | 0 | 0 |
| Other Non-Cash Items | 141.65M | 1.06B | -29.19M | 13M | -45.47M | 55M | 22M | -21.22M | 25.38M | 142.69M | -11M | 92M | -121.64M | 45.88M | -137M | -407M | -424M | -61.96M | -88.51M | 259.87M |
| Working Capital Changes | -313.56M | -148.13M | 155.04M | 181M | -230M | 35M | 80M | 119.27M | -250.87M | 2M | 72M | 210M | -278.41M | 70M | 211M | 355M | -581M | -120.96M | 400.31M | -26.16M |
| Change in Receivables | -151.28M | 96.35M | 26.38M | 65M | -100M | 60M | 35M | 3.28M | -93.58M | 54.89M | -5M | 65M | -144.61M | 142.97M | 56M | 222M | -287M | 32.73M | 234.72M | -92.97M |
| Change in Inventory | -218.67M | -85.24M | 60.26M | 193M | -193M | -52M | 47M | 162.72M | -147.34M | -30M | 41M | 226M | -141.91M | 2M | 55M | 263M | -300M | -116.95M | 27.39M | 176.65M |
| Change in Payables | 38.51M | -184.39M | 56.13M | 0 | 0 | 0 | 2.55K | -22.94M | -14.93M | -49.05M | 0 | 0 | 0 | -94.13M | 0 | 0 | 0 | -52.61M | 130.52M | -75.67M |
| Cash from Investing | -126.52M | -186.73M | -86.01M | -70M | -99M | -144M | -95M | 16.02M | -116.48M | -242M | -104M | -95M | -120.29M | -139M | -142M | -86M | -92M | -693.09M | -100.72M | -73.55M |
| Capital Expenditures | -129.27M | -192.31M | -90.04M | -78M | -104M | -156M | -107M | -102.15M | -121.46M | -157M | -115M | -106M | -133.8M | -149M | -147M | -88M | -93M | -397.34M | -105.57M | -65.49M |
| CapEx % of Revenue | 9.69% | 11.85% | 6.97% | 5.01% | 7.13% | 11.1% | 7.45% | 5.99% | 7.46% | 7.83% | 6.74% | 6.59% | 8.22% | 6.81% | 7.04% | 3.05% | 2.99% | 19.5% | 4.48% | 1.73% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 119M | 5M | -101.83M | 0 | 0 | 0 | 0 | 0 | 0 | -1M | -300.33M | 5.98K | 1.01M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 2.75M | 5.58M | 4.02M | 8M | 5M | 12M | 12M | -830K | -22.34K | 16.83M | 11M | 11M | 13.52M | 10M | 5M | 2M | 2M | 4.59M | 4.85M | -9.07M |
| Cash from Financing | 204.91M | -52.91M | -69.01M | 32M | -80M | -365M | -70M | -97.54M | -34.84M | -167M | -31M | -39M | -43.25M | -176M | -218M | -1.51B | -217M | -118.79M | -918.12M | -983.11M |
| Debt Issued (Net) | 279.18M | -132.02K | -865.95K | 96M | -4M | -305M | -4M | -3M | -4M | -4M | -3M | -5M | -5.41M | 0 | -4M | -5M | -5M | 59.89M | -4.35M | -729.98M |
| Equity Issued (Net) | 0 | -11.01M | -40.58M | -34M | -46M | -23M | -38M | -71M | -7M | -129M | 0 | 0 | 0 | -141M | -185M | -1.48B | -189M | -99.42M | -883.88M | -231.22M |
| Dividends Paid | -68.76M | -34.8M | -24.73M | -25M | -26M | -26M | -26.1M | -24.99M | -23.89M | -25.62M | -25M | -25M | -33.79M | -25.04M | -27M | -26M | -21M | -20.78M | -23.91M | -18.96M |
| Share Repurchases | 0 | -11.01M | -40.58M | -34M | -46M | -23M | -39M | -71M | -7M | -129M | 0 | 0 | 0 | -141M | -185M | -1.48B | -189M | -99.41M | -883.93M | -233.16M |
| Other Financing | -5.5M | -6.97M | -2.95M | -5M | -4M | -11M | -1.9M | 1.45M | 49.14K | -8.38M | -3M | -9M | -4.05M | -10M | -2M | -9M | -2M | -58.47M | -5.98M | -2.94M |
| Net Change in Cash | -167.86M | -471.79M | -101.97M | 256M | -251M | -356M | -7M | 293.59M | -185.13M | -304M | 210M | 147M | -428.55M | -161M | 42M | -535M | 248M | -536.03M | -129.09M | 831M |
| Free Cash Flow | -369.94M | -434.2M | -34.39M | 207M | -179M | 17M | 43M | 272.86M | -154.31M | -61M | 240M | 166M | -401.4M | -2M | 286M | 976M | 470M | -120.66M | 809.09M | 1.8B |
| FCF Margin % | -27.73% | -26.75% | -2.66% | 13.29% | -12.27% | 1.21% | 2.99% | 16% | -9.48% | -3.04% | 14.08% | 10.32% | -24.67% | -0.09% | 13.7% | 33.81% | 15.11% | -5.92% | 34.31% | 47.74% |
| FCF Growth % | -106.67% | -2654.13% | -179.99% | -24.14% | -16% | 127.87% | -82.08% | 64.37% | 61.56% | -2950% | -16.08% | -82.99% | -185.4% | 98.34% | -64.65% | -45.9% | 17.5% | -145.44% | 93.56% | 556.08% |
| FCF per Share | -4.72 | -5.54 | -0.44 | 2.61 | -2.24 | 0.21 | 0.54 | 3.35 | -1.89 | -0.75 | 2.86 | 1.99 | -4.80 | -0.02 | 3.31 | 9.77 | 4.45 | -1.13 | 7.38 | 14.87 |
| FCF Conversion (FCF/Net Income) | 1.28x | 0.23x | -0.28x | -11.68x | -1.79x | -2.79x | -1.81x | 3.57x | -0.94x | -0.47x | 2.23x | -2.08x | 6.37x | -1.17x | 2.00x | 1.40x | 0.52x | 0.83x | 1.99x | 1.26x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.05M | 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 |