Cactus, Inc. (WHD) 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 | 128.27M | 69.87M | 61.77M | 82.83M | 41.55M | 66.59M | 85.3M | 77.95M | 86.26M | 91.68M | 80.08M | 108.06M | 60.46M | 39.28M | 30.38M | 31.01M | 17.21M | 11.68M | 8.86M | 27.48M |
| Operating CF Margin % | 33.03% | 26.75% | 23.4% | 30.28% | 14.82% | 24.47% | 29.09% | 26.85% | 31.47% | 33.35% | 27.82% | 35.33% | 26.47% | 20.92% | 16.47% | 18.22% | 11.8% | 8.99% | 7.68% | 25.24% |
| Operating CF Growth % | 208.75% | 4.92% | -27.59% | 6.26% | -51.84% | -27.36% | 6.51% | -27.86% | 42.67% | 133.4% | 163.59% | 248.41% | 251.34% | 236.44% | 243.11% | 12.85% | 9.28% | -46.68% | -53.24% | -52.11% |
| Net Income | 40.22M | 12.67M | 50.19M | 49.05M | 54.1M | 57.45M | 86.52M | 49.83M | 38.97M | 48.95M | 68.02M | 32.46M | 52.29M | 40.74M | 41.52M | 35.78M | 27.08M | 20.38M | 17.18M | 14.77M |
| Depreciation & Amortization | 36.76M | -47.75M | 16.19M | 15.89M | 15.68M | 15.31M | 15.08M | 15M | 15.05M | 14.87M | 15.16M | 21.91M | 13.11M | 8.13M | 8.4M | 8.91M | 8.68M | 8.83M | 9.13M | 9.16M |
| Stock-Based Compensation | 7.04M | -18.48M | 6.1M | 6.31M | 6.06M | 6.95M | 5.57M | 5.94M | 4.43M | 4.58M | 4.36M | 5.32M | 3.84M | 2.6M | 3.02M | 2.35M | 2.67M | 2.07M | 2.11M | 2.44M |
| Deferred Taxes | 479K | -22.68M | 9.9M | 5.15M | 7.62M | 7.17M | 4.69M | 3.51M | 4.4M | 6.62M | 9.64M | 2.48M | -1.41M | 6.07M | 10.73M | 6.58M | 1.92M | 6.23M | 3.1M | 185K |
| Other Non-Cash Items | 4.03M | 158.21M | 458K | 1.33M | 38K | -2.02M | -54.49M | 17.32M | 25.45M | 15.64M | -29.75M | 24.09M | -4.08M | 2.31M | -12.03M | 646K | 1.23M | -884K | -9.32M | 770K |
| Working Capital Changes | 39.74M | -12.11M | -21.07M | 5.11M | -41.96M | -18.26M | 27.93M | -13.65M | -2.03M | 1.02M | 12.65M | 21.78M | -3.29M | -20.57M | -21.25M | -23.26M | -24.37M | -24.96M | -13.34M | 159K |
| Change in Receivables | -63.18M | 9.46M | 6.25M | 12.37M | -28.09M | 4.72M | 8.68M | 2.65M | -3.01M | 779K | 7.47M | -7.22M | -12.88M | -6.44M | -6.42M | -21.8M | -14.68M | -9.86M | -7.78M | -14.28M |
| Change in Inventory | -3.22M | 46.56M | -26.31M | -17.14M | -3.11M | -8.85M | 7.08M | -4.57M | 234K | -3.46M | 4.19M | 20.62M | 20.57M | 654K | -14.88M | -14.02M | -16.65M | -19.59M | -13.92M | -3.58M |
| Change in Payables | 100.41M | 5.45M | -16.62M | 19.1M | -7.92M | -2.2M | 11.45M | -445K | -8.13M | 5.98M | 1.5M | 7.52M | -6.28M | -14.73M | 6.3M | 7.3M | 6.93M | -663K | 10.17M | 11.98M |
| Cash from Investing | -309.99M | -4.34M | -8.22M | -11.06M | -15.45M | -11.34M | -10M | -7.25M | -6.81M | -9.55M | -5.72M | -6.37M | -633.15M | -6.04M | -6.62M | -5.58M | -7.29M | -3.22M | -4.06M | -2.33M |
| Capital Expenditures | -9.72M | -28.62M | -10.18M | 0 | 0 | -12.13M | -9.67M | -9.47M | -7.9M | -10.58M | -9.7M | -7.77M | -15.93M | -7.09M | -7.45M | -6.1M | -7.65M | -3.56M | -4.92M | -3.03M |
| CapEx % of Revenue | 2.5% | 10.96% | 3.86% | 4.36% | 3.65% | 4.46% | 3.3% | 3.26% | 2.88% | 3.85% | 3.37% | 2.54% | 6.97% | 3.78% | 4.04% | 3.58% | 5.24% | 2.74% | 4.27% | 2.79% |
| Acquisitions | -301.01M | 5.74M | 0 | 0 | 0 | 0 | 0 | 2.22M | 1.09M | 1.03M | 2.67M | 0 | -618.86M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 746K | 18.54M | 1.97M | -11.06M | -15.45M | 797K | -326K | 0 | 0 | 0 | 1.31M | 1.41M | 1.63M | 1.05M | 825K | 518K | 358K | 341K | 857K | 708K |
| Cash from Financing | -21.53M | -16.83M | -13.29M | -14.76M | -21.79M | -13.72M | -19.23M | -17.07M | -20.13M | -13.38M | -74.04M | -112.48M | 303.16M | -10.2M | -13.02M | -9.98M | -14.18M | -9.03M | -11.71M | -8.16M |
| Debt Issued (Net) | -1.91M | -1.87M | -1.88M | -1.95M | -1.99M | -2M | -1.93M | -1.92M | -2.03M | -2.15M | -57.02M | -101.89M | 153.29M | -1.55M | -1.52M | -1.55M | -1.44M | -1.37M | -1.36M | -1.3M |
| Equity Issued (Net) | -7.9M | -13K | -204K | -212K | -5.5M | -10K | -832K | -221K | -8.27M | -650K | 0 | -256K | 165.53M | -68K | 0 | -71K | -4.42M | -91K | -18K | -36K |
| Dividends Paid | -11.72M | -14.95M | -9.64M | -8.94M | -9.22M | -8.86M | -8.69M | -7.99M | -8.14M | -10.58M | -17.01M | -7.12M | -7.35M | -6.7M | -6.68M | -6.67M | -6.66M | -5.91M | -5.82M | -4.93M |
| Share Repurchases | -7.9M | -13K | -204K | -212K | -5.5M | -10K | -832K | -221K | -8.27M | -650K | 0 | -256K | -4.34M | -68K | 0 | -71K | -4.42M | -91K | -18K | -36K |
| Other Financing | 0 | 0 | -1.56M | -3.65M | -5.09M | -2.85M | -7.79M | -6.93M | -1.68M | 0 | 0 | -3.22M | -8.31M | -1.87M | -4.82M | -1.69M | -1.65M | -1.67M | -4.51M | -1.89M |
| Net Change in Cash | -202.97M | 48.97M | 40.44M | 57.52M | 4.82M | 39.47M | 56.87M | 52.25M | 60.47M | 70.05M | -172K | -11.51M | -269.11M | 23.9M | 8.94M | 13.94M | -3.93M | -305K | -7.11M | 17.11M |
| Free Cash Flow | 118.55M | 63.41M | 51.59M | 70.9M | 31.32M | 54.46M | 75.63M | 68.49M | 78.36M | 81.1M | 70.38M | 100.28M | 44.53M | 32.19M | 22.94M | 24.91M | 9.56M | 8.12M | 3.93M | 24.45M |
| FCF Margin % | 30.53% | 24.28% | 19.54% | 25.91% | 11.17% | 20.01% | 25.8% | 23.58% | 28.59% | 29.51% | 24.45% | 32.79% | 19.5% | 17.14% | 12.43% | 14.64% | 6.55% | 6.25% | 3.41% | 22.45% |
| FCF Growth % | 278.56% | 16.44% | -31.79% | 3.52% | -60.04% | -32.85% | 7.45% | -31.71% | 75.96% | 151.98% | 206.86% | 302.52% | 365.98% | 296.46% | 483.05% | 1.9% | -28.25% | -57.96% | -75.3% | -48.99% |
| FCF per Share | 1.72 | 0.91 | 0.75 | 1.03 | 0.46 | 0.68 | 0.94 | 1.03 | 0.98 | 1.02 | 1.07 | 1.54 | 0.56 | 0.42 | 0.38 | 0.33 | 0.13 | 0.11 | 0.05 | 0.32 |
| FCF Conversion (FCF/Net Income) | -2.64x | 1.75x | 1.48x | 2.05x | 0.94x | 1.43x | 1.71x | 1.56x | 2.21x | 1.87x | 1.52x | 4.37x | 1.41x | 1.27x | 0.97x | 1.14x | 0.83x | 0.78x | 0.70x | 2.64x |
| Interest Paid | 0 | -1.96M | 656K | 678K | 627K | 1.05M | 581K | 1.08M | 535K | 479K | 1.59M | 3.23M | 327K | 0 | 345K | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | -43.7M | 1.75M | 18.75M | 23.2M | -21.76M | 2.79M | 17.37M | 1.61M | 6.53M | 8.65M | 10.26M | 556K | 0 | 1.31M | 0 | 0 | 0 | 0 | 0 |