Quad/Graphics Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 2008
Net Income	-55.4	9.3	37.8	-128.3	-156.3	8.5	107.2	44.9	-641.9	18.6	Upgrade
Depreciation & Amortization	128.8	141.3	157.3	181.6	223.1	230.7	232.5	277.1	325.3	336.4	Upgrade
Share-Based Compensation	5.6	6	6.2	10.6	13.6	15.6	16.4	15.2	7.2	17.3	Upgrade
Other Operating Activities	68.6	-2	-64.8	126.3	75.1	5.8	-12.1	16.4	657.5	-79.1	Upgrade
Operating Cash Flow	147.6	154.6	136.5	190.2	155.5	260.6	344	353.6	348.1	293.2	Upgrade
Operating Cash Flow Growth	-4.53%	13.26%	-28.23%	22.32%	-40.33%	-24.24%	-2.71%	1.58%	18.72%	-33.53%	Upgrade
Capital Expenditures	-39.1	-55.7	76.3	-53.6	-93.5	-63.6	-62	-80.2	-103.8	-132.4	Upgrade
Acquisitions	-2.1	-2.6	39.7	59.1	-114.9	-71.4	6.8	0	-143.4	-112.5	Upgrade
Change in Investments	-0.7	-3.3	-1.4	-0.5	0	0	0	-8.6	12.8	-4.1	Upgrade
Other Investing Activities	-4.5	1.1	14.8	4.7	0.3	14.5	8	-	17.7	24.8	Upgrade
Investing Cash Flow	-46.4	-60.5	129.4	9.7	-208.1	-120.5	-47.2	-88.8	-216.7	-224.2	Upgrade
Dividends Paid	-0.1	-1.4	-1.4	-9.5	-57.1	-62.9	-62.5	-61.1	-62.3	-61.2	Upgrade
Share Issuance / Repurchase	-12.6	-10	0	0	0	-32.5	-1.2	21.5	2.2	2.7	Upgrade
Debt Issued / Paid	-58.6	-234.2	-122	-185.4	151	-29.1	-173	-227.9	-68.9	11.5	Upgrade
Other Financing Activities	-2.3	-3.1	-17.5	-28.7	-32.1	-9	-15	-1.8	1.1	-24.7	Upgrade
Financing Cash Flow	-73.6	-248.7	-140.9	-223.6	61.8	-133.5	-251.7	-269.3	-127.9	-71.7	Upgrade
Exchange Rate Effect	0.1	-0.1	-0.3	0.2	0	-1.5	0.1	-0.6	-2.3	-0.8	Upgrade
Net Cash Flow	27.7	-154.7	124.7	-23.5	9.2	5.1	45.2	-5.1	1.2	-3.5	Upgrade
Free Cash Flow	108.5	98.9	212.8	136.6	62	197	282	273.4	244.3	160.8	Upgrade
Free Cash Flow Growth	9.71%	-53.52%	55.78%	120.32%	-68.53%	-30.14%	3.15%	11.91%	51.93%	-46.47%	Upgrade
Free Cash Flow Margin	3.67%	3.07%	7.19%	4.66%	1.58%	4.94%	7.14%	6.31%	5.31%	3.37%	Upgrade
Free Cash Flow Per Share	2.24	1.95	4.15	2.70	1.24	3.96	5.68	5.71	5.10	3.38	Upgrade

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).