Zurn Elkay Water Solutions Corporation (ZWS) 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 | 46.1M | 91.7M | 101.3M | 110.6M | 42.9M | 63.6M | 90.9M | 85.1M | 53.9M | 58.2M | 103.5M | 87.2M | 5M | 84.4M | 24.6M | 41.9M | -53.9M | -22.2M | 100.8M | 73.7M |
| Operating CF Margin % | 10.65% | 22.52% | 22.24% | 24.88% | 11.03% | 17.16% | 22.17% | 20.66% | 14.42% | 16.31% | 25.98% | 21.63% | 1.34% | 24.8% | 5.89% | 14.74% | -22.5% | -9.56% | 43.88% | 30.24% |
| Operating CF Growth % | 7.46% | 44.18% | 11.44% | 29.96% | -20.41% | 9.28% | -12.17% | -2.41% | 978% | -31.04% | 320.73% | 108.11% | 109.28% | 480.18% | -75.6% | -43.15% | -175.6% | -126.91% | 52.27% | 54.83% |
| Net Income | 58.9M | 42.1M | 61.8M | 50.5M | 43.6M | 36.4M | 43.5M | 46M | 34.3M | 13.9M | 41.4M | 34.6M | 22.8M | 14.2M | -19.1M | 36.4M | 30.2M | -66.6M | 64.1M | 73.2M |
| Depreciation & Amortization | 21M | 22.1M | 21.8M | 22.1M | 22.7M | 23.1M | 21.9M | 21.7M | 21.6M | 21.6M | 21.7M | 21.8M | 22.8M | 23.6M | 21.6M | 4M | 5.3M | 8.1M | 22.8M | 23.1M |
| Stock-Based Compensation | 11.7M | 11.5M | 9.6M | 9M | 10.5M | 8.7M | 9.8M | 9.4M | 10M | 9.5M | 10M | 10.2M | 10.3M | 9.5M | 7.8M | 3.8M | 3.9M | 13.1M | 11.3M | 12.2M |
| Deferred Taxes | 2.1M | 7.1M | -1.1M | -9.3M | -1.3M | 1.8M | -3.6M | -12.2M | -800K | 2.9M | -5.5M | -2.5M | 900K | -3.6M | -2.7M | 2.2M | 4.6M | -5.5M | -2.6M | -2.7M |
| Other Non-Cash Items | 18.1M | 5.7M | -9.1M | 1.1M | -200K | 3M | 1.4M | 1.2M | 6.7M | -7.4M | 1.5M | 2.5M | 300K | -2.4M | 3.6M | 1.5M | 500K | 18.9M | 1.9M | -11M |
| Working Capital Changes | -65.7M | 3.2M | 18.3M | 37.2M | -32.4M | -9.4M | 17.9M | 19M | -17.9M | 17.7M | 34.4M | 20.6M | -52.1M | 43.1M | 13.4M | -6M | -98.4M | 9.8M | 3.3M | -21.1M |
| Change in Receivables | -58.1M | 47.8M | 7.4M | 3.7M | -40.5M | 39M | -2.1M | -17.5M | -13.1M | 24.1M | 8.2M | -19M | -3.2M | 49.9M | 10.6M | -17.3M | -27.7M | 900K | -5.8M | -24.8M |
| Change in Inventory | -18.2M | -600K | 2.2M | 6.2M | -7.9M | 4.8M | -2.5M | 9.7M | -9.3M | 7.3M | 28.9M | 33M | -4.2M | 33.3M | 8M | -19.3M | -39.6M | -20.8M | -28M | -10.8M |
| Change in Payables | 33.9M | -17.1M | -6.5M | -6.5M | 23.3M | -22.8M | 16.8M | 7.9M | 13.9M | -4.4M | -5.8M | -17.6M | -33M | -28M | -11.4M | 12.7M | 8.4M | 16.7M | 20.3M | 11.4M |
| Cash from Investing | -3.4M | -9.2M | -7.4M | -9M | -4.3M | -9.1M | -4.1M | -4.9M | -2.1M | 2M | -4.8M | 3.4M | -5.2M | 6.2M | -48.2M | -100K | 35.5M | -15.4M | -2.1M | 3.7M |
| Capital Expenditures | -3.4M | -9.2M | -7.4M | -9M | -4.3M | -9.1M | -4.1M | -4.9M | -3.7M | -5.4M | -4.8M | -5.9M | -5.2M | -3.3M | -2.3M | -1.2M | -800K | -1.7M | -7.6M | -4.8M |
| CapEx % of Revenue | 0.79% | 2.26% | 1.62% | 2.02% | 1.11% | 2.45% | 1% | 1.19% | 0.99% | 1.51% | 1.2% | 1.46% | 1.4% | 0.97% | 0.55% | 0.42% | 0.33% | 0.73% | 3.31% | 1.97% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -45.9M | 1.1M | 0 | -13.7M | 0 | -3.8M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.6M | 7.4M | 0 | 9.3M | 0 | 9.5M | 0 | 0 | 36.3M | 0 | 5.5M | 12.3M |
| Cash from Financing | -69.2M | -43.2M | -35.4M | -46.6M | -92.1M | -41.7M | -61.6M | -73.3M | -30.9M | -97.7M | -28M | -63.2M | -50.3M | -38M | -13.8M | -4.1M | -5.2M | -343.1M | -7.5M | 3.8M |
| Debt Issued (Net) | -300K | -200K | -200K | -200K | -200K | -200K | -200K | -200K | -200K | -60.2M | -1.6M | -1.5M | -1.6M | -1.3M | -1.4M | -1.6M | -1.4M | -575M | -600K | -600K |
| Equity Issued (Net) | -47.5M | -24.5M | -20M | -32.5M | -77.4M | -20.3M | -50M | -61M | -18.9M | -24.9M | -13.1M | -50.1M | -37M | -24.7M | - | - | - | - | - | - |
| Dividends Paid | -18.4M | -18.5M | -15.1M | -15.1M | -15.2M | -15.3M | -13.6M | -13.8M | -13.9M | -13.8M | -12.1M | -12.2M | -12.3M | -12.4M | -12.5M | -3.8M | -3.8M | -3.8M | -11M | -10.8M |
| Share Repurchases | -50M | -25M | -25M | -32.5M | -77.4M | -20.3M | -50M | -61M | -18.9M | -24.9M | -13.1M | -50.1M | -37M | -24.7M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -3M | 0 | -100K | 1.2M | 700K | -5.9M | 2.2M | 1.7M | 2.1M | 1.2M | -1.2M | 600K | 600K | 400K | 100K | 1.3M | 0 | 235.7M | 4.1M | 15.2M |
| Net Change in Cash | -27M | 40.4M | 58.2M | 57.2M | -53.3M | 10.1M | 25.2M | 5.6M | 20.4M | -36.4M | 70.1M | 28.2M | -50M | 52.9M | -38.5M | 37.2M | -23.4M | -381M | 86.9M | 83.4M |
| Free Cash Flow | 42.7M | 82.5M | 93.9M | 101.6M | 38.6M | 54.5M | 86.8M | 80.2M | 50.2M | 52.8M | 98.7M | 81.3M | -200K | 81.1M | 22.3M | 40.7M | -54.7M | -23.9M | 93.2M | 68.9M |
| FCF Margin % | 9.86% | 20.26% | 20.62% | 22.86% | 9.93% | 14.7% | 21.17% | 19.47% | 13.43% | 14.8% | 24.77% | 20.16% | -0.05% | 23.83% | 5.34% | 14.32% | -22.83% | -10.29% | 40.57% | 28.27% |
| FCF Growth % | 10.62% | 51.38% | 8.18% | 26.68% | -23.11% | 3.22% | -12.06% | -1.35% | 25200% | -34.9% | 342.6% | 99.75% | 99.63% | 439.33% | -76.07% | -40.93% | -188.08% | -134.39% | 56.9% | 76.21% |
| FCF per Share | 0.25 | 0.48 | 0.55 | 0.60 | 0.22 | 0.32 | 0.50 | 0.46 | 0.29 | 0.30 | 0.56 | 0.46 | -0.00 | 0.45 | 0.13 | 0.32 | -0.43 | -0.19 | 0.75 | 0.55 |
| FCF Conversion (FCF/Net Income) | 0.78x | 2.18x | 1.64x | 2.19x | 0.98x | 1.75x | 2.09x | 1.85x | 1.57x | 4.19x | 2.50x | 2.52x | 0.22x | 5.94x | -1.29x | 1.15x | -1.78x | -7.66x | 1.57x | 1.01x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - |