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Dayton Power & Light cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$77.2M in Q3 2026 · −$197M over twelve months

Operating cash flow$71.0M
Capital spending−$148M
Free cash flow−$77.2M
Cash / net income1.7×

Analysis

In Q3 2026, Dayton Power & Light generated $71.0M of operating cash flow and spent $148M on capital projects, leaving free cash flow of −$77.2M. That is $59.9M less than in Q3 2025 (−$17.3M).

Over the twelve months to Sep 30, 2026, operating cash flow was $297M; the largest uses were capital spending ($495M); besides operations, cash came from other financing ($95.0M), other investing ($91.2M); the cash balance fell by $11.2M.

Operating cash flow was $71.0M against net income of $42.0M — 1.7× profit, cash ran ahead of reported earnings. The largest differences: income taxes payable −$64.1M, depreciation & amortization +$30.0M, receivables −$28.5M.

Free cash flow

Dayton Power & Light: free cash flow by quarterDayton Power & Light: free cash flow by quarter−$42.1MQ1 2025−$108MQ2 2025−$17.3MQ3 2025−$67.5MQ4 2025−$45.4MQ1 2026−$7.3MQ2 2026−$77.2MQ3 2026
Operating cash flow less capital spending.
Dayton Power & Light: operating cash flow against capital spendingDayton Power & Light: operating cash flow against capital spendingOperating cash flowCapital spending$43.2M$85.3MQ1 2025−$35.9M$72.2MQ2 2025$81.3M$98.6MQ3 2025$62.1M$130MQ4 2025$68.7M$114MQ1 2026$95.6M$103MQ2 2026$71.0M$148MQ3 2026
Latest (Q3 2026): Operating cash flow $71.0M, Capital spending $148M.

Capital allocation, year by year

Dayton Power & Light: where the cash came from (up) and went (down), by fiscal yearDayton Power & Light: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingDividendsFY2023: Operating cash flow $35.4MFY2023: Net borrowing $195MFY2023: Capital spending −$384MFY2023: Dividends −$83.0M$230MFY2023FY2024: Operating cash flow $151MFY2024: Net borrowing $275MFY2024: Capital spending −$548MFY2024: Dividends −$40.0M$426MFY2024FY2025: Operating cash flow $151MFY2025: Net borrowing $85.0MFY2025: Capital spending −$386M$236MFY2025
Over these 3 years operating cash flow totalled $337M; the largest uses were capital spending ($1.3B) and dividends ($123M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$67.5M
Debt$1.4B
Net debt$1.3B
Due within a year$200K

Dayton Power & Light's operations bring cash in ($297M over twelve months), and it spends more than that on capital projects: a gap of $197M funded from its $67.5M of cash and investments and from borrowing ($1.4B of debt, $200K due within a year). That is a choice to invest, not a cash runway running down.

Dayton Power & Light: debt maturities by year (FY2025)Dayton Power & Light: debt maturities by year (FY2025)$200KYear 1$140MYear 2$92.7MYear 3$200KYear 4$375MYear 5$788MAfter year 5
Principal due in each year as disclosed in the annual report, against $67.5M of cash and investments now.

Where the cash came from and went

Dayton Power & Light: sources (+) and uses (−) of cash, Q3 2026Dayton Power & Light: sources (+) and uses (−) of cash, Q3 2026Capital spending−$148MCash drawn (+) / kept (−)$82.6MOperating cash flow$71.0MDividends−$15.0MOther investing$9.6M
Dayton Power & Light: sources (+) and uses (−) of cash, TTM to Q3 2026Dayton Power & Light: sources (+) and uses (−) of cash, TTM to Q3 2026Capital spending−$495MOperating cash flow$297MOther financing$95.0MOther investing$91.2MCash drawn (+) / kept (−)$11.2M

From profit to cash

Dayton Power & Light: net income to operating cash flow, Q3 2026Dayton Power & Light: net income to operating cash flow, Q3 2026Net income$42.0MDepreciation & amortization$30.0MDeferred taxes$11.6MReceivables−$28.5MInventory−$200KPayables$13.4MAccrued liabilities$9.1MPrepaid and other assets−$2.4MIncome taxes payable−$64.1MOther operating capital−$300KOperating cash flow$71.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$71.0M−$148M−$15.0M—$82.6M−$77.2M
Q2 2026$95.6M−$103M−$7.5M−$30.0M−$109M−$7.3M
Q1 2026$68.7M−$114M−$7.5M$30.0M$19.3M−$45.4M
Q4 2025$62.1M−$130M——$18.0M−$67.5M
Q3 2025$81.3M−$98.6M—−$160M−$40.9M−$17.3M
Q2 2025−$35.9M−$72.2M—−$60.0M$22.6M−$108M
Q1 2025$43.2M−$85.3M—$80.0M−$35.8M−$42.1M

Dayton Power & Light: income statement and cash flow

Dayton Power & Light, Q3 2026: revenue $353M (+21% year over year), operating margin 19.6%. The chart follows the revenue to costs, profit and cash.

Dayton Power & Light: 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.