Quad/Graphics, Inc. (QUAD)

Quad/Graphics Cash Flow Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	-58.9	-55.4	9.3	37.8	-128.3	-156.3
Depreciation & Amortization	123.7	128.8	141.3	157.3	181.6	223.1
Share-Based Compensation	6.4	5.6	6	6.2	10.6	13.6
Other Operating Activities	74.8	68.6	-2	-64.8	126.3	75.1
Operating Cash Flow	146	147.6	154.6	136.5	190.2	155.5
Operating Cash Flow Growth	20.76%	-4.53%	13.26%	-28.23%	22.32%	-40.33%
Capital Expenditures	-33.7	-39.1	-55.7	76.3	-53.6	-93.5
Acquisitions	-2.1	-2.1	-2.6	39.7	59.1	-114.9
Change in Investments	-0.6	-0.7	-3.3	-1.4	-0.5	0
Other Investing Activities	0.5	-4.5	1.1	14.8	4.7	0.3
Investing Cash Flow	-35.9	-46.4	-60.5	129.4	9.7	-208.1
Dividends Paid	-2.4	-0.1	-1.4	-1.4	-9.5	-57.1
Share Issuance / Repurchase	-12.3	-12.6	-10	0	0	0
Debt Issued / Paid	-91	-58.6	-234.2	-122	-185.4	151
Other Financing Activities	-2.7	-2.3	-3.1	-17.5	-28.7	-32.1
Financing Cash Flow	-108.4	-73.6	-248.7	-140.9	-223.6	61.8
Exchange Rate Effect	-0.2	0.1	-0.1	-0.3	0.2	0
Net Cash Flow	1.5	27.7	-154.7	124.7	-23.5	9.2
Free Cash Flow	112.3	108.5	98.9	212.8	136.6	62
Free Cash Flow Growth	80.55%	9.71%	-53.52%	55.78%	120.32%	-68.53%
Free Cash Flow Margin	3.95%	3.67%	3.07%	7.19%	4.66%	1.58%
Free Cash Flow Per Share	2.38	2.24	1.95	4.15	2.70	1.24

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).