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Columbia Sportswear cash flow, quarter by quarter

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

Free cash flow−$333M in Q3 2026 · $276M over twelve months

Operating cash flow−$318M
Capital spending−$15.0M
Free cash flow−$333M
Cash / net income-3.8×
Cash conversion cycle133 days

Analysis

In Q3 2026, Columbia Sportswear generated −$318M of operating cash flow and spent $15.0M on capital projects, leaving free cash flow of −$333M. That is $45.8M less than in Q3 2025 (−$287M).

Over the twelve months to Sep 30, 2026, operating cash flow was $336M; the largest uses were buybacks ($229M), dividends ($62.4M), capital spending ($60.3M); besides operations, cash came from other investing ($3.0M), shares issued ($2.8M); the cash balance fell by $11.9M.

Operating cash flow was −$318M against net income of $84.7M — -3.8× profit, less cash than reported earnings, worth checking against working capital. The largest differences: receivables −$379M, payables −$118M, accrued liabilities +$70.2M.

Its cash conversion cycle was 133 days (receivables 44 + inventory 168 − payables 79).

Free cash flow

Columbia Sportswear: free cash flow by quarterColumbia Sportswear: free cash flow by quarter$550MQ4 2024−$47.6MQ1 2025−$45.3MQ2 2025−$287MQ3 2025$597MQ4 2025−$90.0MQ1 2026$102MQ2 2026−$333MQ3 2026
Operating cash flow less capital spending.
Columbia Sportswear: operating cash flow against capital spendingColumbia Sportswear: operating cash flow against capital spendingOperating cash flowCapital spending$568M$18.1MQ4 2024−$32.0M$15.6MQ1 2025−$30.8M$14.5MQ2 2025−$271M$16.6MQ3 2025$616M$19.5MQ4 2025−$77.5M$12.4MQ1 2026$115M$13.4MQ2 2026−$318M$15.0MQ3 2026
Latest (Q3 2026): Operating cash flow −$318M, Capital spending $15.0M.

Capital allocation, year by year

Columbia Sportswear: where the cash came from (up) and went (down), by fiscal yearColumbia Sportswear: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksDividendsFY2021: Operating cash flow $354MFY2021: Net borrowing $178KFY2021: Shares issued $28.8MFY2021: Capital spending −$34.7MFY2021: Buybacks −$165MFY2021: Dividends −$68.6M$383MFY2021FY2022: Operating cash flow −$25.2MFY2022: Net borrowing −$61KFY2022: Shares issued $6.6MFY2022: Capital spending −$58.5MFY2022: Buybacks −$287MFY2022: Dividends −$75.1M$6.6MFY2022FY2023: Operating cash flow $636MFY2023: Shares issued $7.4MFY2023: Capital spending −$54.6MFY2023: Buybacks −$184MFY2023: Dividends −$73.4M$644MFY2023FY2024: Operating cash flow $491MFY2024: Shares issued $6.1MFY2024: Capital spending −$59.8MFY2024: Buybacks −$318MFY2024: Dividends −$69.7M$497MFY2024FY2025: Operating cash flow $283MFY2025: Shares issued $5.5MFY2025: Capital spending −$66.2MFY2025: Buybacks −$201MFY2025: Dividends −$65.5M$288MFY2025
Over these 5 years operating cash flow totalled $1.7B; the largest uses were buybacks ($1.2B) and dividends ($352M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$230M
Debtnone
Net cash$230M
Cash runway2 months

Columbia Sportswear is burning cash: its operations consume cash, a free cash flow of −$1.3B a year at the current rate against $230M of cash and investments: a runway of about 2 months before any new financing.

Where the cash came from and went

Columbia Sportswear: sources (+) and uses (−) of cash, Q3 2026Columbia Sportswear: sources (+) and uses (−) of cash, Q3 2026Operating cash flow−$318MCash drawn (+) / kept (−)$315MOther investing$80.2MBuybacks−$50.0MDividends−$15.4MCapital spending−$15.0MExchange rates$3.3MTaxes on employees’ shares−$507K
Columbia Sportswear: sources (+) and uses (−) of cash, TTM to Q3 2026Columbia Sportswear: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$336MBuybacks−$229MDividends−$62.4MCapital spending−$60.3MCash drawn (+) / kept (−)$11.9MTaxes on employees’ shares−$5.0MExchange rates$4.4MOther investing$3.0MShares issued$2.8MOther financing−$843K

From profit to cash

Columbia Sportswear: net income to operating cash flow, Q3 2026Columbia Sportswear: net income to operating cash flow, Q3 2026Net income$84.7MDepreciation & amortization$13.6MStock-based pay$6.9MOther non-cash−$170KReceivables−$379MInventory−$10.1MPayables−$118MAccrued liabilities$70.2MPrepaid and other assets$12.4MOther liabilities$967KIncome taxes payable$1.7MOther operating capital−$23.6MOperating cash flow−$318M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20264416879133
Q2 202647266126188
Q1 20264515473126
Q4 20254413256120
Q3 20254416871142
Q2 202551229110170
Q1 20254715577124
Q4 20244212852118

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026−$318M−$15.0M−$50.0M−$15.4M—$315M−$333M
Q2 2026$115M−$13.4M—−$15.4M$1.3M−$213M$102M
Q1 2026−$77.5M−$12.4M−$150M−$15.6M$1.2M$123M−$90.0M
Q4 2025$616M−$19.5M−$29.4M−$16.1M$280K−$213M$597M
Q3 2025−$271M−$16.6M−$40.0M−$16.4M$153K$199M−$287M
Q2 2025−$30.8M−$14.5M−$30.3M−$16.4M$180K−$104M−$45.3M
Q1 2025−$32.0M−$15.6M−$101M−$16.6M$4.9M$209M−$47.6M
Q4 2024$568M−$18.1M−$86.9M−$16.9M$2.2M−$225M$550M

Columbia Sportswear: income statement and cash flow

Columbia Sportswear, Q3 2026: revenue $963M (+2% year over year), operating margin 11.4%. The chart follows the revenue to costs, profit and cash.

Columbia Sportswear: 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.