Quad/Graphics, Inc.

QUAD · NYSE
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9/30/2025
6/30/2025
3/31/2025
12/31/2024
Operating Activities
Net Income$10,200-$100$5,800$4,700
Dep. & Amort.$19,300$20,700$19,700$23,100
Deferred Tax$800$500$100-$2,100
Stock-Based Comp.$1,300$2,200$0$1,400
Change in WC$93,400$24,000-$117,400$122,600
Other Non-Cash-$133,400$100$2,800$9,100
Operating Cash Flow-$8,400$47,400-$89,000$158,800
Investing Activities
PP&E Inv.-$12,200-$13,000-$11,300-$11,500
Net Acquisitions$0-$16,300$100$0
Inv. Purchases$0$0-$200$0
Inv. Sales/Matur.$0$0$0$0
Other Inv. Act.$7,100$5,200-$2,700$2,300
Investing Cash Flow-$5,100-$24,100-$14,100-$9,200
Financing Activities
Debt Repay.$16,500-$16,800$90,800-$126,000
Stock Issued$0$0$0$0
Stock Repurch.-$200-$4,300-$3,300$0
Dividends Paid-$3,500-$3,900-$3,500-$2,400
Other Fin. Act.$0$0-$3,600-$4,400
Financing Cash Flow$12,800-$25,000$80,400-$132,800
Forex Effect$200$300$1,600-$100
Net Chg. in Cash-$500-$1,400-$21,100$16,700
Supplemental Information
Beg. Cash$6,700$8,100$29,200$12,500
End Cash$6,200$6,700$8,100$29,200
Free Cash Flow-$20,600$34,400-$100,300$147,300