The Western Union Company (WU) 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 | 109M | 135.4M | 260.4M | -300K | 148.2M | 134M | 212.1M | -33.8M | 94M | 264.5M | 254.6M | 126.7M | 137.3M | 59.2M | 215.6M | 106.8M | 200M | 359.3M | 336.5M | 173.7M |
| Operating CF Margin % | 11.09% | 13.46% | 25.22% | -0.03% | 15.07% | 12.66% | 20.47% | -3.17% | 8.96% | 25.14% | 23.19% | 10.83% | 13.24% | 5.42% | 19.79% | 9.38% | 17.31% | 27.97% | 26.16% | 13.47% |
| Operating CF Growth % | -26.45% | 1.04% | 22.77% | 99.11% | 57.66% | -49.34% | -16.69% | -126.68% | -31.54% | 346.79% | 18.09% | 18.63% | -31.35% | -83.52% | -35.93% | -38.51% | 13.77% | 23.09% | 41.51% | -26.21% |
| Net Income | 64.7M | 114.4M | 139.6M | 122.1M | 123.5M | 385.7M | 264.8M | 141M | 142.7M | 127M | 171M | 176.2M | 151.8M | 249.4M | 173.9M | 194M | 293.3M | 168.8M | 232.7M | 222.5M |
| Depreciation & Amortization | 46.7M | 42M | 105.2M | -23.7M | 41.9M | 43.4M | 43M | 46.1M | 46.6M | 45.1M | 46M | 45.9M | 46.6M | 46.3M | 44.8M | 45.9M | 46.8M | 47.9M | 51.3M | 55.6M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.7M | 0 | 0 | 12.9M | 9.6M | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 34.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.7M | 0 | 0 | -26.7M | -9.6M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -2.4M | -240.3M | -24.4M | 114.2M | 33.7M | -214.6M | 38.9M | 30.4M | 20M | 38.2M | 11.1M | 16.3M | 19.3M | -50.5M | 21.2M | 9.9M | -132.9M | 132.6M | 44.1M | 1.9M |
| Working Capital Changes | 0 | 184.4M | 40M | -212.9M | -50.9M | -80.5M | -134.6M | -251.3M | -115.3M | 54.2M | 26.5M | -111.7M | -80.4M | -172.2M | -24.3M | -143M | -7.2M | 10M | 8.4M | -106.3M |
| 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 | 7.4M | -23.9M | 14.9M | 1.6M | -32M | -12.4M | 41.3M | -10.9M | -64.4M | 25.1M | 4.5M | 10.2M | -62.2M | -8M | 31M | -16.4M | 36M | 3.1M | 1.9M | 6M |
| Cash from Investing | -55.5M | -27.3M | -25.6M | -66.3M | -111.1M | 117.8M | -65.7M | -62.1M | -6.3M | -64.3M | -11.4M | -28.7M | -36.4M | 158.8M | 74.4M | -248.7M | 541M | 524.9M | 89.9M | -166.5M |
| Capital Expenditures | -46.8M | -50.1M | -89.8M | -7.5M | -3.4M | -14.3M | -7M | -5.1M | -11M | -6.7M | -27.1M | -4.4M | -6.8M | -60.7M | -63.2M | -5M | -10.3M | -34.4M | -8.5M | -9.2M |
| CapEx % of Revenue | 4.76% | 4.98% | 8.7% | 0.73% | 0.35% | 1.35% | 0.68% | 0.48% | 1.05% | 0.64% | 2.47% | 0.38% | 0.66% | 5.56% | 5.8% | 0.44% | 0.89% | 2.68% | 0.66% | 0.71% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 0 | 1.45B | 1.46B | 1.44B | 1.55B | 1.51B | 1.44B | 1.4B | 210.4M | 0 | 0 | 0 | 210.9M | 0 | 0 | 0 | 0 | 0 | 1.56B |
| Other Investing | -1.2M | 15.8M | 41.8M | -46M | -20.8M | -14.9M | -24.1M | -20.8M | -48.6M | -29.8M | -22.1M | -27.2M | -49.5M | 12.4M | 4.2M | -42.7M | -25.4M | 7.3M | -27.1M | -42.8M |
| Cash from Financing | -208.2M | 154.2M | -263.9M | 23.7M | -696.6M | 427.5M | -204.2M | 40.5M | -333.1M | -61.8M | -225.5M | -470.5M | -139M | -287M | -102.3M | 4.7M | -792.7M | -524M | -364.7M | -211.6M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | -26.1M | -52.3M | -79.5M | -76.7M | -3.7M | -1.7M | -30.2M | -150.6M | -211.3M | -91.1M | -900K | -4.8M | -176.8M | -7.6M | -31.1M | -154.4M | -174.1M | -75.3M | -76M |
| Dividends Paid | -79.4M | -74.4M | -75.5M | -76.8M | -82.3M | -79.6M | -79.6M | -81.8M | -80.5M | -83M | -87.3M | -90.6M | -88.1M | -88.7M | -90.7M | -93M | -91.8M | -92.9M | -95.2M | -96.8M |
| Share Repurchases | -52.9M | -26.1M | -52.3M | -79.5M | -76.7M | -3.7M | -1.7M | -30.2M | -150.6M | -211.3M | -91.1M | -900K | -5.1M | -176.8M | -7.6M | -31.1M | -154.4M | -174.1M | -75.3M | -76M |
| Other Financing | -128.8M | -145.3M | 57.4M | 236.5M | -387.6M | 955.8M | -73.1M | 57.6M | -137M | 37.6M | 457.5M | -108.8M | -200K | -26.5M | 81M | -31.2M | -71.5M | -426.3M | -49.2M | 211.4M |
| Net Change in Cash | -154.7M | 262.3M | -29.1M | -42.9M | -659.5M | 679.3M | -57.8M | -55.4M | -245.4M | 138.4M | 17.7M | -372.5M | -38.1M | -69M | 187.7M | -137.2M | -51.7M | 225.7M | 61.7M | -204.4M |
| Free Cash Flow | 62.2M | 106.3M | 170.6M | -7.8M | 123.8M | 95.2M | 184.8M | -63.2M | 58.9M | 233.9M | 227.5M | 94M | 79.9M | -1.5M | 152.4M | 52.3M | 170.2M | 348M | 301.6M | 125.3M |
| FCF Margin % | 6.33% | 10.57% | 16.52% | -0.76% | 12.59% | 9% | 17.84% | -5.93% | 5.61% | 22.23% | 20.72% | 8.03% | 7.71% | -0.14% | 13.99% | 4.59% | 14.73% | 27.09% | 23.45% | 9.72% |
| FCF Growth % | -49.76% | 11.66% | -7.68% | 87.66% | 110.19% | -59.3% | -18.77% | -167.23% | -26.28% | 15693.33% | 49.28% | 79.73% | -53.06% | -100.43% | -49.47% | -58.26% | 115.72% | 44.16% | 39.82% | -32.96% |
| FCF per Share | 0.20 | 0.33 | 0.52 | -0.02 | 0.36 | 0.28 | 0.54 | -0.19 | 0.17 | 0.65 | 0.61 | 0.25 | 0.21 | -0.00 | 0.39 | 0.13 | 0.43 | 0.87 | 0.74 | 0.30 |
| FCF Conversion (FCF/Net Income) | 1.68x | 1.18x | 1.87x | -0.00x | 1.20x | 0.35x | 0.80x | -0.24x | 0.66x | 2.08x | 1.49x | 0.72x | 0.90x | 0.24x | 1.24x | 0.55x | 0.68x | 2.13x | 1.45x | 0.78x |
| Interest Paid | 0 | -67.7M | 0 | 43.9M | 23.8M | 31.1M | 27.3M | 34.2M | 21.4M | 29.3M | 22.2M | 34M | 16.9M | 32.4M | 17.2M | 31M | 16.6M | 0 | 17.7M | 32.4M |
| Taxes Paid | 0 | -265.5M | 0 | 251.4M | 14.1M | 3.2M | 59M | 245.6M | 17.1M | 20.8M | 14.3M | 149M | 13.3M | 99M | 31.9M | 125.9M | 23M | 0 | 32.6M | 108.9M |