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Coherent Cash Flow Statement

Operating, investing, and financing cash movements

After $678.6M in capital expenditures, free cash flow was -$537.2M. Free cash flow decreased 3.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$397.1MNet Cash From Investing (TTM)-$51.7MNet Cash From Financing (TTM)-$747.5MCapital Expenditures (TTM)$678.6MNet Change In Cash (TTM)$592.9M
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$71.1B
P/E Ratio122.60
ROE1.81%

Investing

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Capital expenditures$105.7M$111.8M$131.4M$103.9M$153.6M$289.7M
Payment for (Proceeds from) Other Investing Activity$376K——$18K$1.5M$3.5M
Divestiture of businesses, net of cash transferred———$391.1M—$51.5M
Sales of and distributions from equity method investments$0$0—$9.6M$21.9M$17.3M
Net cash from investing activities-$106.1M-$111.7M-$130.7M$296.8M—-$1B

Operating

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Change in accounts payable$3.4M$80.2M$89.1M$105.4M$100.2M$144.1M
Change in accounts receivable$61.4M$127.3M$4.3M$66.6M$24.8M$133.9M
Change in deferred revenue-$572K$14.5M—-$8M-$234K—
Change in inventories$11.7M$30.8M$105.4M$219.1M$202.3M$278M
Other working capital changes$14.9M$0$62M-$40.8M$98.6M$171.5M
Deferred income taxes-$17M-$28.5M-$7.3M-$83.7M—-$65M
Loss on extinguishment of debt$0$0$0-$3.1M——
Net cash from operating activities$187.4M$163M$130.3M$46M$57.9M—
Net income$101.5M$1.8M—$225.2M$143.8M$181.7M
Amortization expense related to capitalized debt issuance costs$4.9M$5.2M—$9.8M$2.4M$2.9M
Depreciation$62.7M$59.4M$62.8M$53M$55.5M$62.4M
Foreign currency remeasurement (loss) gain on debt$31M-$16.4M-$26.3M$4.2M$4.3M$1.7M
Gain on sale of business and assets$0$0—$115.2M$0$8.9M
Equity in earnings (losses) of equity method investees$109K$125K$690K$215K$61K$18K
Accrued compensation and employee benefits$16.5M$28.8M$33.1M-$48.2M—$33.5M
Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable$22.4M-$11M-$19.9M$37.2M-$66.4M—
Amortization$71.7M$87.2M$72M$69.4M$70.5M$70.5M
Restructuring charges, net of cash paid (Note 15)$18K$24.6M$97.9M$9.9M$10.8M$20.8M
Stock-based compensation$40.7M$41M$43.6M$44.1M$42.8M$49.1M

Financing

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Payments Of Debt Issuance Costs$0$0$0$8.5M$559K—
Payments of Ordinary Dividends$0$0$11.4M$11.4M——
Proceeds from exercises of stock options and other stock issuances$4.8M$18.2M$2.1M$21.3M$8.8M$21.7M
Other, net-$236K-$264K-$229K$335K$220K$210K
Repayments of Long-Term Lines of Credit$0$34.1M$17.5M$77M$174.3M$373.5M
Repayments of Senior Debt$132.4M$135.8M$51M$1.7B$8.6M$102.3M
Net cash from financing activities-$140.8M-$120M-$65.2M-$421.5M—$1.9B
Taxes paid for net share settlement$13.1M$3.9M$5.1M$37.4M$7.2M$7M

Free Cash Flow

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Free cash flow$81.7M$51.1M$0-$58M-$95.7M-$383.5M

Other

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Effect of exchange rate changes on cash-$54.3M$26.2M$72.5M-$1.3M$13.5M-$14.2M
Net increase (decrease) in cash-$113.8M-$42.6M$0-$80M-$24.1M$697M
Accrued payables for capital expenditures$14.3M$3.4M—$71.6M$54.7M$75.6M
Exchange Offer (Note 12)$0$0$0———

Supplemental

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Interest paid$79.1M$45.3M$68.9M$41M$62M$32.3M
Income Taxes Paid, Net$32.5M$41.4M$59.1M$49.4M$51.2M$67.3M