Clearwater Paper Corporation (CLW)

Clearwater Paper Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-49.3	-18.6	196.3	107.7	46	-28.1
Depreciation & Amortization	94	92.4	69.8	40.7	103.3	105
Other Amortization	2.2	2.2	11.8	4.4	2	2.8
Loss (Gain) From Sale of Assets	-3.2	-0.1	-306.8	2	4.6	35.7
Asset Writedown & Restructuring Costs	54.5	54.5	1.5	0.1	1.5	-
Stock-Based Compensation	2.7	3.8	5.6	9.9	12.7	9.1
Other Operating Activities	-34.4	-22.3	31.6	-14.2	-3.5	-2.8
Change in Accounts Receivable	-	-2.2	-87.2	-1.3	-16.9	-5.3
Change in Inventory	21.2	-23.5	12.4	4	-46.3	-20.2
Change in Accounts Payable	18.7	-75.3	98.9	-21.3	49.2	1.9
Change in Other Net Operating Assets	2.1	1.4	-2.5	0.8	-2.4	-1.7
Operating Cash Flow	108.5	12.3	61.4	190.7	150.2	96.4
Operating Cash Flow Growth	-	-79.97%	-67.80%	26.96%	55.81%	-60.97%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-51.9	-88.8	-116.6	-73.7	-33.5	-38.4
Sale of Property, Plant & Equipment	-	-	-	-	-	13.3
Cash Acquisitions	-	-	-708.2	-	-	-
Divestitures	-11.6	-11.6	992.5	-	-	-
Investing Cash Flow	-63.5	-100.4	167.7	-73.7	-33.5	-25.1

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	82	753.4	222	-	-
Total Debt Issued	32	82	753.4	222	-	-
Long-Term Debt Repaid	-	-18.6	-931.1	-325.6	-80.9	-81
Total Debt Repaid	-0.5	-18.6	-931.1	-325.6	-80.9	-81
Net Debt Issued (Repaid)	31.5	63.4	-177.7	-103.6	-80.9	-81
Repurchase of Common Stock	-4.5	-19.5	-14.1	-22.6	-7.5	-1.7
Other Financing Activities	-23.1	-4.6	0.4	-3.2	-0.2	0.7
Financing Cash Flow	3.9	39.3	-191.4	-129.4	-88.6	-82

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Miscellaneous Cash Flow Adjustments	-0.2	-0.1	-0.1	-	0.1	-
Net Cash Flow	48.7	-48.9	37.6	-12.4	28.2	-10.7

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	56.6	-76.5	-55.2	117	116.7	58
Free Cash Flow Growth	-	-	-	0.26%	101.21%	-72.04%
Free Cash Flow Margin	3.72%	-4.92%	-3.99%	10.30%	9.77%	3.27%
Free Cash Flow Per Share	3.52	-4.73	-3.29	6.85	6.79	3.46
Levered Free Cash Flow	-9.83	-125.93	7.73	12.89	128.41	77.35
Unlevered Free Cash Flow	1.73	-116.5	15.99	15.93	134.04	97.68

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	17.9	15.9	52.4	37.8	33	36
Cash Income Tax Paid	-	53.8	19	16.6	43	-7.7
Change in Working Capital	42	-99.6	21.6	-17.8	-16.4	-25.3

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 8, 2026

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