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Donnelley Financial Solutions cash flow, quarter by quarter

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

Free cash flow$85.8M in Q3 2026 · $179M over twelve months

Operating cash flow$98.2M
Capital spending−$12.4M
Free cash flow+$85.8M
Cash / net income4.6×

Analysis

In Q3 2026, Donnelley Financial Solutions generated $98.2M of operating cash flow and spent $12.4M on capital projects, leaving free cash flow of $85.8M. That is $26.6M more than in Q3 2025 ($59.2M).

Over the twelve months to Sep 30, 2026, operating cash flow was $227M; the largest uses were buybacks ($145M), capital spending ($48.2M), net borrowing (+) / repaid (−) ($29.1M); besides operations, cash came from other investing ($300K); the cash balance rose by $4.5M.

Operating cash flow was $98.2M against net income of $21.3M — 4.6× profit, cash ran ahead of reported earnings. The largest differences: receivables +$34.6M, accrued liabilities +$15.4M, depreciation & amortization +$14.3M.

Free cash flow

Donnelley Financial Solutions: free cash flow by quarterDonnelley Financial Solutions: free cash flow by quarter$41.3MQ4 2024−$51.0MQ1 2025$51.7MQ2 2025$59.2MQ3 2025$47.9MQ4 2025−$16.0MQ1 2026$61.2MQ2 2026$85.8MQ3 2026
Operating cash flow less capital spending.
Donnelley Financial Solutions: operating cash flow against capital spendingDonnelley Financial Solutions: operating cash flow against capital spendingOperating cash flowCapital spending$56.4M$15.1MQ4 2024−$37.7M$13.3MQ1 2025$68.4M$16.7MQ2 2025$74.4M$15.2MQ3 2025$59.8M$11.9MQ4 2025−$5.6M$10.4MQ1 2026$74.7M$13.5MQ2 2026$98.2M$12.4MQ3 2026
Latest (Q3 2026): Operating cash flow $98.2M, Capital spending $12.4M.

Capital allocation, year by year

Donnelley Financial Solutions: where the cash came from (up) and went (down), by fiscal yearDonnelley Financial Solutions: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $180MFY2021: Net borrowing −$314MFY2021: Shares issued $4.6MFY2021: Asset sales $900KFY2021: Capital spending −$42.3MFY2021: Acquisitions −$3.6MFY2021: Buybacks −$40.9M$186MFY2021FY2022: Operating cash flow $150MFY2022: Net borrowing $43.2MFY2022: Shares issued $800KFY2022: Asset sales $3.3MFY2022: Capital spending −$54.2MFY2022: Buybacks −$165M$198MFY2022FY2023: Operating cash flow $124MFY2023: Net borrowing −$47.4MFY2023: Shares issued $3.1MFY2023: Asset sales $500KFY2023: Capital spending −$61.8MFY2023: Buybacks −$40.3M$128MFY2023FY2024: Operating cash flow $171MFY2024: Net borrowing −$2.9MFY2024: Shares issued $2.4MFY2024: Asset sales $12.4MFY2024: Capital spending −$65.9MFY2024: Buybacks −$81.6M$186MFY2024FY2025: Operating cash flow $165MFY2025: Net borrowing −$71.5MFY2025: Shares issued $1.9MFY2025: Capital spending −$57.1MFY2025: Buybacks −$185M$167MFY2025
Over these 5 years operating cash flow totalled $790M; the largest uses were buybacks ($512M) and net borrowing ($435M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$27.2M
Debt$127M
Net debt$99.8M
Due within a year$5.8M

Donnelley Financial Solutions funds itself: free cash flow was $179M over the last twelve months, and $27.2M of cash and investments stands against $127M of debt ($5.8M due within a year, 4.7× covered by cash).

Where the cash came from and went

Donnelley Financial Solutions: sources (+) and uses (−) of cash, Q3 2026Donnelley Financial Solutions: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$98.2MNet borrowing (+) / repaid (−)−$77.1MCapital spending−$12.4MBuybacks−$7.0MCash drawn (+) / kept (−)−$1.9MOther investing$200K
Donnelley Financial Solutions: sources (+) and uses (−) of cash, TTM to Q3 2026Donnelley Financial Solutions: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$227MBuybacks−$145MCapital spending−$48.2MNet borrowing (+) / repaid (−)−$29.1MCash drawn (+) / kept (−)−$4.5MExchange rates−$500KOther investing$300K

From profit to cash

Donnelley Financial Solutions: net income to operating cash flow, Q3 2026Donnelley Financial Solutions: net income to operating cash flow, Q3 2026Net income$21.3MDepreciation & amortization$14.3MStock-based pay$7.5MDeferred taxes$4.6MGains on disposals−$200KReceivables$34.6MPayables−$6.5MAccrued liabilities$15.4MPrepaid and other assets$6.8MIncome taxes payable−$1.5MOperating cash flow$98.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$98.2M−$12.4M−$7.0M−$77.1M—−$1.9M$85.8M
Q2 2026$74.7M−$13.5M−$35.3M−$26.2M—$800K$61.2M
Q1 2026−$5.6M−$10.4M−$40.9M$58.4M—−$1.6M−$16.0M
Q4 2025$59.8M−$11.9M−$61.9M$15.8M—−$1.8M$47.9M
Q3 2025$74.4M−$15.2M−$34.4M−$36.2M$400K$11.1M$59.2M
Q2 2025$68.4M−$16.7M−$35.7M−$200K$900K−$17.6M$51.7M
Q1 2025−$37.7M−$13.3M−$53.0M−$50.9M$600K$41.1M−$51.0M
Q4 2024$56.4M−$15.1M−$17.2M−$800K$1.8M−$23.7M$41.3M

Donnelley Financial Solutions: income statement and cash flow

Donnelley Financial Solutions, Q3 2026: revenue $185M (+6% year over year), operating margin 17.6%. The chart follows the revenue to costs, profit and cash.

Donnelley Financial Solutions: 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.