Burlington Northern Santa FE, LLC cash flow, quarter by quarter
Latest: Q2 2026 · from the cash-flow statements filed with the SEC
Free cash flow$1.9B in Q2 2026 · $8.8B over twelve months
Operating cash flow$1.9B
Free cash flow+$1.9B
Cash / net income1.3×
Analysis
In Q2 2026, Burlington Northern Santa FE, LLC generated $1.9B of operating cash flow. That is $316M more than in Q2 2025 ($1.6B).
Over the twelve months to Jun 30, 2026, operating cash flow was $8.8B; the largest uses were other investing ($4.6B), other financing ($4.5B), net borrowing (+) / repaid (−) ($317M); the cash balance fell by $640M.
Operating cash flow was $1.9B against net income of $1.6B — 1.3× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$702M, payables −$336M, receivables −$110M.
Free cash flow
Operating cash flow less capital spending.Latest (Q2 2026): Operating cash flow $1.9B, Capital spending $0.
Capital allocation, year by year
Over these 5 years operating cash flow totalled $38.3B; the largest uses were net borrowing ($7.0M). Cash-flow statements as filed.
Cash runway and the debt wall
Cash & investments$2.0B
Debt$23.5B
Net debt$21.5B
Due within a year$548M
Burlington Northern Santa FE, LLC funds itself: free cash flow was $8.8B over the last twelve months, and $2.0B of cash and investments stands against $23.5B of debt ($548M due within a year, 3.7× covered by cash).
Principal due in each year as disclosed in the annual report, against $2.0B of cash and investments now.
Where the cash came from and went
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Every quarter
Quarter
Operating cash flow
Net borrowing (+) / repaid (−)
Cash drawn (+) / kept (−)
Free cash flow
Q2 2026
$1.9B
−$32.0M
$1.0B
$1.9B
Q1 2026
$2.3B
−$503M
$22.0M
$2.3B
Q4 2025
$2.3B
$570M
−$468M
$2.3B
Q3 2025
$2.3B
−$352M
$86.0M
$2.3B
Q2 2025
$1.6B
−$529M
$450M
$1.6B
Q1 2025
$1.9B
−$2.0M
−$527M
$1.9B
Q4 2024
$2.1B
−$28.0M
−$73.0M
$2.1B
Q3 2024
$2.3B
−$707M
$135M
$2.3B
Burlington Northern Santa FE, LLC: income statement and cash flow
Burlington Northern Santa FE, LLC, Q2 2026: revenue $6.6B (+14% year over year), operating margin 34.5%. The chart follows the revenue to costs, profit and cash.
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.