Ziff Davis, Inc. (ZD) 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 | 29.95M | 191.08M | 138.3M | 57.07M | 20.61M | 158.23M | 105.96M | 50.56M | 75.56M | 92.12M | 72.81M | 39.73M | 115.31M | 43.23M | 100.73M | 75.97M | 116.51M | 86.28M | 140.23M | 111.3M |
| Operating CF Margin % | 11.19% | 46.98% | 38.02% | 16.2% | 6.27% | 38.33% | 29.97% | 15.76% | 24.03% | 23.63% | 21.35% | 12.19% | 37.54% | 10.9% | 29.47% | 22.52% | 36.98% | 59.41% | 39.49% | 32.61% |
| Operating CF Growth % | 45.31% | 20.76% | 30.52% | 12.87% | -72.72% | 71.77% | 45.53% | 27.28% | -34.47% | 113.12% | -27.72% | -47.71% | -1.03% | -49.9% | -28.16% | -31.74% | -34.81% | -30.46% | 22.6% | -20.27% |
| Net Income | 22.26M | 370K | -3.6M | 26.34M | 24.24M | 64.09M | -48.58M | 36.91M | 10.63M | 63.42M | -30.97M | 16.68M | -7.63M | 67.47M | 18.18M | -46.44M | 24.54M | 360.5M | 6.76M | 15.72M |
| Depreciation & Amortization | 49.78M | 57.93M | 57.32M | 57.61M | 55.83M | 59.97M | 51.35M | 52.14M | 48.45M | 69.63M | 55.85M | 56.86M | 54.62M | 58.52M | 55.94M | 63.39M | 59.07M | 61.86M | 67.87M | 64.73M |
| Stock-Based Compensation | 10.91M | 11.25M | 12.2M | 11.73M | 9.75M | 10.28M | 10.16M | 11.6M | 8.87M | 7.53M | 6.77M | 9.22M | 8.4M | 5.79M | 6.39M | 0 | 6.72M | 6.13M | 0 | 6.25M |
| Deferred Taxes | 0 | 0 | 8.49M | -7.87M | 548K | -4.25M | -6.71M | -5.16M | -2.71M | -4.36M | -7.33M | -10.89M | -7.44M | 561K | -3.29M | -6.52M | -3.75M | -15.97M | 14.39M | -6.47M |
| Other Non-Cash Items | -13.04M | 86.11M | 37.37M | -6.04M | -5.33M | 1.22M | 89.77M | -7.31M | 19.23M | 2.85M | 65.86M | 9.2M | 35.32M | -4.09M | 17.05M | 87.64M | -4.72M | -302.06M | 80.14M | 72.79M |
| Working Capital Changes | -39.96M | 35.42M | 26.52M | -24.7M | -64.43M | 26.92M | 9.96M | -37.61M | -8.91M | -46.95M | -17.38M | -41.33M | 32.03M | -85.03M | 6.46M | -22.11M | 34.65M | -24.18M | -28.94M | -41.72M |
| Change in Receivables | 195.3M | -196.14M | 40.34M | 3.7M | 143.72M | -199.7M | 2.36M | -11.15M | 55.37M | -46.41M | -9.43M | -7.16M | 27.63M | -70.17M | 7.95M | 19.68M | 57.48M | -67.94M | -15.42M | -3.25M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.26M | -6.2M | -12.06M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -247.69M | 242.98M | -9.33M | -20.21M | -210.86M | 237.59M | 14.23M | -18.28M | -62.27M | 7.46M | 3.29M | -8.25M | 6.92M | -12.6M | 25.06M | -19.64M | -25.69M | 23.67M | 22.03M | -1.36M |
| Cash from Investing | -33.21M | -29.38M | -44.77M | -6.77M | -64.83M | -32.88M | -181.43M | -11.66M | -71.48M | -22.67M | -39.42M | -26.53M | -38.79M | -20.91M | -38.56M | -102.66M | -58.64M | 218.66M | -6.96M | -123.66M |
| Capital Expenditures | -33.13M | -33.31M | -30.14M | -30.13M | -25.62M | -27.16M | -25.84M | -25.5M | -28.13M | -26.25M | -27.23M | -25.23M | -30.02M | -25.44M | -26.89M | -23.37M | -30.5M | -26.25M | -30.98M | -31.5M |
| CapEx % of Revenue | 12.38% | 8.19% | 8.29% | 8.56% | 7.8% | 6.58% | 7.31% | 7.95% | 8.94% | 6.73% | 7.98% | 7.74% | 9.77% | 6.41% | 7.87% | 6.93% | 9.68% | 18.07% | 8.72% | 9.23% |
| Acquisitions | 0 | 0 | -15.88M | -11.15M | -39.2M | -6.04M | -154.83M | 13.9M | -43.29M | 8.62M | -11.79M | -1.49M | -4.83M | 4.53M | -11.67M | -64.29M | -28.14M | -15.37M | 19.89M | -92.86M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -80K | 3.93M | 1.25M | 63K | -12K | 319K | -760K | -58K | -66K | 6.83M | -401K | 194K | -3.95M | -19.53M | 0 | 0 | 0 | 260.28M | 0 | 705K |
| Cash from Financing | -53.49M | -58.83M | -44.58M | -31.88M | -35.01M | 2.1M | -231.34M | -85.45M | -6.31M | 2.02M | -52.2M | -55.13M | -9.48M | 997K | -80.15M | 59.03M | -120.71M | -152.93M | 71.43M | -11.45M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | -134.99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -71.76M | 71.75M | -54.61M | -109.97M | -319.84M | 9K |
| Equity Issued (Net) | -51.59M | -57.78M | -44.39M | -30.18M | -34.9M | -1.2M | -96.05M | -84M | -3.92M | -1.19M | -44.66M | -59.8M | -2.88M | -1.75M | -200K | -8.3M | -62.66M | -48.41M | -5.37M | -9.87M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -51.59M | -60.57M | -44.39M | -33.93M | -34.9M | -1.2M | -96.05M | -84M | -3.92M | -1.19M | -44.66M | -59.8M | -2.88M | -1.75M | -200K | -13.54M | -62.81M | -48.47M | -6.92M | -10.76M |
| Other Financing | -1.9M | -1.05M | -191K | -1.7M | -106K | 3.3M | -294K | -1.44M | -2.39M | 3.21M | -7.54M | 4.67M | -6.61M | 2.74M | -8.19M | -4.42M | -3.44M | 5.46M | 396.64M | -1.59M |
| Net Change in Cash | -61.2M | 103.64M | 46.11M | 26.25M | -74.87M | 119.76M | -301.11M | -47.55M | -2.83M | 76.99M | -18.47M | -42.41M | 68.71M | 30.88M | -26.37M | 19.26M | -65.81M | 148.38M | 198.61M | -24.11M |
| Free Cash Flow | -3.17M | 157.77M | 108.16M | 26.94M | -5.01M | 131.07M | 80.12M | 25.06M | 47.43M | 65.87M | 45.58M | 14.49M | 85.29M | 17.79M | 73.84M | 52.6M | 86.01M | 61.22M | 110.5M | 79.81M |
| FCF Margin % | -1.19% | 38.79% | 29.74% | 7.65% | -1.52% | 31.75% | 22.66% | 7.81% | 15.08% | 16.89% | 13.37% | 4.45% | 27.77% | 4.48% | 21.6% | 15.59% | 27.3% | 42.15% | 31.11% | 23.38% |
| FCF Growth % | 36.6% | 20.37% | 35.01% | 7.51% | -110.55% | 99% | 75.76% | 72.89% | -44.39% | 270.28% | -38.27% | -72.44% | -0.84% | -70.94% | -33.17% | -34.09% | -43.58% | -40.32% | 21.73% | -31.16% |
| FCF per Share | -0.08 | 4.02 | 2.59 | 0.62 | -0.11 | 2.81 | 1.82 | 0.49 | 1.03 | 1.29 | 0.99 | 0.31 | 1.82 | 0.34 | 1.58 | 1.12 | 1.64 | 1.26 | 2.27 | 1.68 |
| FCF Conversion (FCF/Net Income) | 1.35x | 516.44x | -38.44x | 2.17x | 0.85x | 2.47x | -2.18x | 1.37x | 7.11x | 1.45x | -2.35x | 2.38x | -15.12x | 0.64x | 5.54x | -1.64x | 4.75x | 0.24x | 3.29x | 7.08x |
| Interest Paid | 0 | 0 | 0 | 0 | 5.96M | 11.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 8.72M | -6.51M | 0 | 0 | 6.51M | 0 | 0 | 0 | 5.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |