Filing Flows

Filing Flows › Companies › Campbell's › Cash flow

Campbell's cash flow, quarter by quarter

Latest: Q4 FY26 · from the cash-flow statements filed with the SEC

Free cash flow$136M in Q4 FY26

Operating cash flow$200M
Capital spending−$64.0M
Free cash flow+$136M
Cash conversion cycle34 days

Analysis

In Q4 FY26, Campbell's generated $200M of operating cash flow and spent $64.0M on capital projects, leaving free cash flow of $136M.

Operating cash flow was $200M against net income of −$58.0M. The largest differences: depreciation & amortization +$107M, inventory −$62.0M, other non-cash +$49.0M.

Its cash conversion cycle was 34 days (receivables 24 + inventory 90 − payables 80).

Free cash flow

Campbell's: free cash flow by quarterCampbell's: free cash flow by quarter$115MQ1 FY25$411MQ2 FY25$50.0MQ3 FY25$129MQ4 FY25$97.0MQ1 FY26$416MQ2 FY26$29.0MQ3 FY26$136MQ4 FY26
Operating cash flow less capital spending.
Campbell's: operating cash flow against capital spendingCampbell's: operating cash flow against capital spendingOperating cash flowCapital spending$225M$110MQ1 FY25$512M$101MQ2 FY25$135M$85.0MQ3 FY25$259M$130MQ4 FY25$224M$127MQ1 FY26$516M$100MQ2 FY26$99.0M$70.0MQ3 FY26$200M$64.0MQ4 FY26
Latest (Q4 FY26): Operating cash flow $200M, Capital spending $64.0M.

Capital allocation, year by year

Campbell's: where the cash came from (up) and went (down), by fiscal yearCampbell's: 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 $159MFY22: Shares issued $3.0MFY22: Capital spending −$242MFY22: Buybacks −$167MFY22: Dividends −$451M$1.3BFY22FY23: Operating cash flow $1.1BFY23: Net borrowing −$138MFY23: Shares issued $22.0MFY23: Asset sales $41.0MFY23: Capital spending −$370MFY23: Buybacks −$142MFY23: Dividends −$447M$1.2BFY23FY24: Operating cash flow $1.2BFY24: Net borrowing $2.4BFY24: Shares issued $2.0MFY24: Capital spending −$517MFY24: Acquisitions −$2.6BFY24: Buybacks −$67.0MFY24: Dividends −$445M$3.6BFY24FY25: Operating cash flow $1.1BFY25: Net borrowing −$387MFY25: Asset sales $258MFY25: Capital spending −$426MFY25: Buybacks −$62.0MFY25: Dividends −$459M$1.4BFY25FY26: Operating cash flow $1.0BFY26: Net borrowing $60.0MFY26: Asset sales $5.0MFY26: Capital spending −$361MFY26: Acquisitions $1.0MFY26: Buybacks −$26.0MFY26: Dividends −$470M$1.1BFY26
Over these 5 years operating cash flow totalled $5.7B; the largest uses were acquisitions ($2.6B) and dividends ($2.3B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$394M
Debt$7.1B
Net debt$6.7B
Due within a year$773M

Campbell's funds itself: free cash flow was — over the last twelve months, and $394M of cash and investments stands against $7.1B of debt ($773M due within a year, 0.5× covered by cash).

Where the cash came from and went

Campbell's: sources (+) and uses (−) of cash, Q4 FY26Campbell's: sources (+) and uses (−) of cash, Q4 FY26Operating cash flow$200MDividends−$116MCapital spending−$64.0MNet borrowing (+) / repaid (−)−$31.0MCash drawn (+) / kept (−)$8.0MOther investing$5.0MNot reconciled−$2.0M

From profit to cash

Campbell's: net income to operating cash flow, Q4 FY26Campbell's: net income to operating cash flow, Q4 FY26Net income−$58.0MDepreciation & amortization$107MStock-based pay$8.0MDeferred taxes−$48.0MOther non-cash$49.0MInventory−$62.0MPayables−$19.0MPrepaid and other assets$49.0MOperating cash flow$200M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q4 FY2624908034
Q3 FY2624757424
Q2 FY2626717125
Q1 FY2623716826
Q4 FY2526828029
Q3 FY2525676924
Q2 FY2526666824
Q1 FY2524676625

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q4 FY26$200M−$64.0M—−$116M−$31.0M$8.0M$136M
Q3 FY26$99.0M−$70.0M—−$117M−$75.0M$159M$29.0M
Q2 FY26$516M−$100M−$2.0M−$117M$89.0M−$393M$416M
Q1 FY26$224M−$127M−$24.0M−$120M$104M−$36.0M$97.0M
Q4 FY25$259M−$130M−$2.0M−$116M−$46.0M$11.0M$129M
Q3 FY25$135M−$85.0M−$4.0M−$116M−$792M$686M$50.0M
Q2 FY25$512M−$101M−$2.0M−$111M−$250M−$21.0M$411M
Q1 FY25$225M−$110M−$54.0M−$116M$723M−$700M$115M

Campbell's: income statement and cash flow

Campbell's, Q4 FY26: revenue $2.1B (-8% year over year), operating margin 0.2%. The chart follows the revenue to costs, profit and cash.

Campbell's: 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.