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Northwest Pipeline LLC cash flow, quarter by quarter

Latest: Q3 2024 · from the cash-flow statements filed with the SEC

Free cash flow−$19.9M in Q3 2024

Operating cash flow$64.7M
Capital spending−$84.6M
Free cash flow−$19.9M

Analysis

In Q3 2024, Northwest Pipeline LLC generated $64.7M of operating cash flow and spent $84.6M on capital projects, leaving free cash flow of −$19.9M. That is $51.0M less than in Q3 2023 ($31.1M).

Operating cash flow was $64.7M against net income of $38.4M — 1.7× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$27.5M, accrued liabilities +$11.9M, payables −$1.2M.

Free cash flow

Northwest Pipeline LLC: free cash flow by quarterNorthwest Pipeline LLC: free cash flow by quarter$35.5MQ2 2023$31.1MQ3 2023$12.1MQ4 2023$40.1MQ1 2024$1.8MQ2 2024−$19.9MQ3 2024
Operating cash flow less capital spending.
Northwest Pipeline LLC: operating cash flow against capital spendingNorthwest Pipeline LLC: operating cash flow against capital spendingOperating cash flowCapital spending$53.6M$18.1MQ2 2023$68.3M$37.1MQ3 2023$59.7M$47.7MQ4 2023$80.5M$40.4MQ1 2024$54.9M$53.1MQ2 2024$64.7M$84.6MQ3 2024
Latest (Q3 2024): Operating cash flow $64.7M, Capital spending $84.6M.

Capital allocation, year by year

Northwest Pipeline LLC: where the cash came from (up) and went (down), by fiscal yearNorthwest Pipeline LLC: where the cash came from (up) and went (down), by fiscal yearOperating cash flowCapital spendingFY2019: Operating cash flow $258MFY2019: Capital spending −$132M$258MFY2019FY2020: Operating cash flow $284MFY2020: Capital spending −$78.6M$284MFY2020FY2021: Operating cash flow $273MFY2021: Capital spending −$88.8M$273MFY2021FY2022: Operating cash flow $269MFY2022: Capital spending −$109M$269MFY2022FY2023: Operating cash flow $129MFY2023: Capital spending −$140M$129MFY2023
Over these 5 years operating cash flow totalled $1.2B; the largest uses were capital spending ($549M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$0
Debt$581M
Net debt$581M

Northwest Pipeline LLC funds itself: free cash flow was — over the last twelve months, and $0 of cash and investments stands against $581M of debt.

Where the cash came from and went

Northwest Pipeline LLC: sources (+) and uses (−) of cash, Q3 2024Northwest Pipeline LLC: sources (+) and uses (−) of cash, Q3 2024Capital spending−$84.6MOperating cash flow$64.7MOther investing$57.9MOther financing−$38.0M

From profit to cash

Northwest Pipeline LLC: net income to operating cash flow, Q3 2024Northwest Pipeline LLC: net income to operating cash flow, Q3 2024Net income$38.4MDepreciation & amortization$27.5MReceivables−$252KInventory−$330KPayables−$1.2MAccrued liabilities$11.9MPrepaid and other assets−$742KOperating cash flow$64.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingFree cash flow
Q3 2024$64.7M−$84.6M−$19.9M
Q2 2024$54.9M−$53.1M$1.8M
Q1 2024$80.5M−$40.4M$40.1M
Q4 2023$59.7M−$47.7M$12.1M
Q3 2023$68.3M−$37.1M$31.1M
Q2 2023$53.6M−$18.1M$35.5M

Northwest Pipeline LLC: income statement and cash flow

Northwest Pipeline LLC, Q3 2026: revenue $3.2B (+10% year over year), operating margin 35.2%. The chart follows the revenue to costs, profit and cash.

Northwest Pipeline LLC: 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.