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Conagra Brands cash flow, quarter by quarter

Latest: Q1 FY27 · from the cash-flow statements filed with the SEC

Free cash flow−$128M in Q1 FY27 · $877M over twelve months

Operating cash flow−$4.2M
Capital spending−$124M
Free cash flow−$128M
Cash / net income-0.0×
Cash conversion cycle46 days

Analysis

In Q1 FY27, Conagra Brands generated −$4.2M of operating cash flow and spent $124M on capital projects, leaving free cash flow of −$128M.

Over the twelve months to Aug 30, 2026, operating cash flow was $1.3B; the largest uses were net borrowing (+) / repaid (−) ($1.0B), dividends ($670M), capital spending ($400M); besides operations, cash came from other financing ($485M), asset & business sales ($47.7M); the cash balance fell by $326M.

Operating cash flow was −$4.2M against net income of $174M — -0.0× profit, less cash than reported earnings, worth checking against working capital. The largest differences: inventory −$249M, payables +$113M, employee-related liabilities −$103M.

Its cash conversion cycle was 46 days (receivables 23 + inventory 93 − payables 71).

Free cash flow

Conagra Brands: free cash flow by quarterConagra Brands: free cash flow by quarter$403MQ2 FY25$503MQ3 FY25$261MQ4 FY25−$26.2MQ1 FY26$139MQ2 FY26$469MQ3 FY26$397MQ4 FY26−$128MQ1 FY27
Operating cash flow less capital spending.
Conagra Brands: operating cash flow against capital spendingConagra Brands: operating cash flow against capital spendingOperating cash flowCapital spending$486M$82.4MQ2 FY25$592M$88.8MQ3 FY25$346M$85.1MQ4 FY25$121M$147MQ1 FY26$211M$71.8MQ2 FY26$564M$95.6MQ3 FY26$506M$109MQ4 FY26−$4.2M$124MQ1 FY27
Latest (Q1 FY27): Operating cash flow −$4.2M, Capital spending $124M.

Capital allocation, year by year

Conagra Brands: where the cash came from (up) and went (down), by fiscal yearConagra Brands: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY22: Operating cash flow $1.2BFY22: Net borrowing −$79.7MFY22: Shares issued $7.8MFY22: Asset sales $20.3MFY22: Capital spending −$464MFY22: Buybacks −$50.0MFY22: Dividends −$582M$1.2BFY22FY23: Operating cash flow $995MFY23: Net borrowing −$781MFY23: Shares issued $10.7MFY23: Asset sales $3.2MFY23: Capital spending −$362MFY23: Buybacks −$150MFY23: Dividends −$624M$1.0BFY23FY24: Operating cash flow $2.0BFY24: Net borrowing −$1.5BFY24: Shares issued $3.2MFY24: Asset sales $800KFY24: Capital spending −$388MFY24: Dividends −$659M$2.0BFY24FY25: Operating cash flow $1.7BFY25: Net borrowing −$110MFY25: Asset sales $80.2MFY25: Capital spending −$389MFY25: Acquisitions −$231MFY25: Buybacks −$64.0MFY25: Dividends −$669M$1.8BFY25FY26: Operating cash flow $1.4BFY26: Net borrowing −$1.6BFY26: Asset sales $688MFY26: Capital spending −$423MFY26: Buybacks −$15.3MFY26: Dividends −$670M$2.1BFY26
Over these 5 years operating cash flow totalled $7.3B; the largest uses were net borrowing ($4.1B) and dividends ($3.2B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$372M
Debt$7.8B
Net debt$7.4B
Due within a year$779M

Conagra Brands funds itself: free cash flow was $877M over the last twelve months, and $372M of cash and investments stands against $7.8B of debt ($779M due within a year, 0.5× covered by cash).

Conagra Brands: debt maturities by year (FY26)Conagra Brands: debt maturities by year (FY26)$779MYear 1$1.0BYear 2$1.7BYear 3$19.0MYear 4$818MYear 5
Principal due in each year as disclosed in the annual report, against $372M of cash and investments now.

Where the cash came from and went

Conagra Brands: sources (+) and uses (−) of cash, Q1 FY27Conagra Brands: sources (+) and uses (−) of cash, Q1 FY27Other financing$485MDividends−$168MCash drawn (+) / kept (−)−$154MCapital spending−$124MBuybacks−$44.0MAsset & business sales$15.0MNet borrowing (+) / repaid (−)−$6.1MOperating cash flow−$4.2MOther investing−$1.0MExchange rates$200K
Conagra Brands: sources (+) and uses (−) of cash, TTM to Q1 FY27Conagra Brands: sources (+) and uses (−) of cash, TTM to Q1 FY27Operating cash flow$1.3BNet borrowing (+) / repaid (−)−$1.0BDividends−$670MOther financing$485MCapital spending−$400MCash drawn (+) / kept (−)$326MAsset & business sales$47.7MBuybacks−$44.3MOther investing$3.5MExchange rates$1.3M

From profit to cash

Conagra Brands: net income to operating cash flow, Q1 FY27Conagra Brands: net income to operating cash flow, Q1 FY27Net income$174MDepreciation & amortization$97.9MStock-based pay$14.3MImpairments$600KReceivables−$20.3MInventory−$249MPayables$113MAccrued liabilities$50.0MEmployee-related liabilities−$103MPrepaid and other assets−$30.9MOperating cash flow−$4.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 FY2723937146
Q4 FY2624876645
Q3 FY2626896352
Q2 FY2624896152
Q1 FY2626987153
Q4 FY2525886647
Q3 FY2526886450
Q2 FY2525856051

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q1 FY27−$4.2M−$124M—−$44.0M−$168M−$6.1M−$154M−$128M
Q4 FY26$506M−$109M——−$168M−$6.1M−$163M$397M
Q3 FY26$564M−$95.6M——−$167M−$9.3M−$8.5M$469M
Q2 FY26$211M−$71.8M—−$300K−$168M−$1.0B$652M$139M
Q1 FY26$121M−$147M—−$15.0M−$167M−$522M−$630M−$26.2M
Q4 FY25$346M−$85.1M——−$167M$196M−$18.6M$261M
Q3 FY25$592M−$88.8M——−$167M−$8.9M−$12.0M$503M
Q2 FY25$486M−$82.4M−$200K—−$168M−$251M$91.3M$403M

Conagra Brands: income statement and cash flow

Conagra Brands, Q1 FY27: revenue $2.6B (-1% year over year), operating margin 10.3%. The chart follows the revenue to costs, profit and cash.

Conagra Brands: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.