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Smurfit Kappa Group logo

Smurfit Kappa Group Cash Flow Statement

Operating, investing, and financing cash movements

Smurfit Kappa Group generated $3.4B in operating cash flow over the trailing twelve months. After $2.3B in capital expenditures, free cash flow was $1.0B. Free cash flow increased 18.3% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.4BNet Cash From Investing (TTM)-$2.3BNet Cash From Financing (TTM)-$1.2BCapital Expenditures (TTM)$2.3BDepreciation And Amortization Cf (TTM)$2.7BNet Change In Cash (TTM)-$123.0M
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$22.4B
P/E Ratio58.92
ROE2.12%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$3M$4M$1M$0$1M$18M
Capital expenditures$569M$477M$522M$610M$583M$624M
Payment for (Proceeds from) Other Investing Activity-$4M-$5M-$3M-$7M-$2M-$3M
Proceeds From Life Insurance Policies$3M$0——$6M$3M
Proceeds from disposals of property, plant and equipment$46M$0$0$15M—$9M
Net cash from investing activities-$519M-$476M-$520M-$568M-$579M-$627M
Proceeds from sale of property, plant and equipment$46M$0$0$15M—$9M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable-$47M-$117M—-$107M—-$44M
Change in accounts receivable—$342M$92M-$185M-$413M$398M
Change in accrued liabilities—-$99M—$70M-$93M-$143M
Change in income taxes payable/receivable-$39M-$70M$79M-$1M-$79M-$48M
Change in inventories—$62M-$7M$4M-$94M-$101M
Change in other assets—$47M———$48M
Other working capital changes$14M$1M$5M$15M$11M-$3M
Deferred income taxes-$38M-$29M-$98M-$12M-$51M-$36M
Depreciation and amortization$592M$603M$613M$659M$675M$728M
Impairment charges$6M$0———$35M
Net cash from operating activities$781M$235M$829M$1.1B$1.2B$204M
Net income$146M$382M-$26M$245M$98M$63M
Asset write-downs$6M$0———$35M
Cash Surrender Value Expense Increase In Excess Of Premiums Paid—$5M———$4M
Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable-$39M-$70M$79M-$1M-$79M-$48M
Increase (Decrease) in Other Operating Assets—$47M———$48M
Pension and other postretirement funding more than cost-$25M-$23M-$36M-$24M-$28M-$27M
Stock-based compensation$52M$43M$36M$35M$25M$28M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net change in commercial paper$34M$246M-$264M-$227M-$146M$507M
Proceeds from issuance of debt$2.6B$295M$203M$12M$1.5B$48M
Repayments of debt—-$16M-$2M—-$2M$5M
Dividends paid$157M$225M$225M$225M$225M$237M
Finance Lease, Principal Payments$10M$16M$7M$6M$14M$14M
Payments Of Debt Issuance Costs$19M$5M$1M$2M$12M$3M
Proceeds from issuances of debt$2.6B$295M$203M$12M$1.5B$48M
Other, net$7M$1M$0$2M-$8M$1M
Proceeds from (repayments of) short-term borrowings, net$34M$246M-$264M-$227M-$146M$507M
Change in other borrowed funds—-$16M-$2M—-$2M$5M
Repayments of Debt$2.7B$65M$56M$25M$1.7B$29M
Net cash from financing activities—$151M-$355M-$470M-$624M$209M
Other financing activities$7M$1M$0$2M-$8M$1M
Payment of debt issuance costs$19M$5M$1M$2M$12M$3M
Payments for finance leases$10M$16M$7M$6M$14M$14M
Proceeds from issuance of common stock—$0———$14M
Taxes paid for net share settlement$5M$64M$3M$1M$1M$83M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$212M-$242M$307M$523M$612M-$420M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$96M$32M$27M—$49M-$4M
Net increase (decrease) in cash-$96M-$58M-$19M$73M$41M-$218M