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Heritage Financial cash flow, quarter by quarter

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

Free cash flow$28.4M in Q3 2026 · $84.4M over twelve months

Operating cash flow$30.5M
Capital spending−$2.1M
Free cash flow+$28.4M
Cash / net income1.6×

Analysis

In Q3 2026, Heritage Financial generated $30.5M of operating cash flow and spent $2.1M on capital projects, leaving free cash flow of $28.4M. That is $4.0M more than in Q3 2025 ($24.4M).

Over the twelve months to Sep 30, 2026, operating cash flow was $95.5M; the largest uses were other financing ($59.5M), dividends ($36.4M), buybacks ($21.4M); the cash balance fell by $58.4M.

Operating cash flow was $30.5M against net income of $18.7M — 1.6× profit, cash ran ahead of reported earnings. The largest differences: other operating capital +$2.2M, depreciation & amortization −$1.6M, deferred taxes +$86K.

Free cash flow

Heritage Financial: free cash flow by quarterHeritage Financial: free cash flow by quarter$19.8MQ4 2024$18.1MQ1 2025$20.9MQ2 2025$24.4MQ3 2025$22.3MQ4 2025$12.7MQ1 2026$21.1MQ2 2026$28.4MQ3 2026
Operating cash flow less capital spending.
Heritage Financial: operating cash flow against capital spendingHeritage Financial: operating cash flow against capital spendingOperating cash flowCapital spending$20.6M$802KQ4 2024$19.3M$1.2MQ1 2025$22.5M$1.6MQ2 2025$25.1M$678KQ3 2025$28.0M$5.7MQ4 2025$14.0M$1.3MQ1 2026$23.1M$2.0MQ2 2026$30.5M$2.1MQ3 2026
Latest (Q3 2026): Operating cash flow $30.5M, Capital spending $2.1M.

Capital allocation, year by year

Heritage Financial: where the cash came from (up) and went (down), by fiscal yearHeritage Financial: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $69.5MFY2021: Asset sales $65KFY2021: Capital spending −$3.0MFY2021: Buybacks −$22.9MFY2021: Dividends −$28.9M$69.6MFY2021FY2022: Operating cash flow $94.5MFY2022: Net borrowing −$50.0MFY2022: Asset sales $106KFY2022: Capital spending −$4.0MFY2022: Buybacks −$3.2MFY2022: Dividends −$29.5M$94.6MFY2022FY2023: Operating cash flow $110MFY2023: Net borrowing $500MFY2023: Asset sales $78KFY2023: Capital spending −$10.4MFY2023: Buybacks −$7.0MFY2023: Dividends −$30.8M$610MFY2023FY2024: Operating cash flow $64.5MFY2024: Net borrowing −$117MFY2024: Asset sales $81KFY2024: Capital spending −$3.5MFY2024: Buybacks −$22.4MFY2024: Dividends −$31.8M$64.6MFY2024FY2025: Operating cash flow $94.8MFY2025: Net borrowing −$363MFY2025: Asset sales $52KFY2025: Capital spending −$9.2MFY2025: Buybacks −$5.5MFY2025: Dividends −$32.6M$94.9MFY2025
Over these 5 years operating cash flow totalled $433M; the largest uses were net borrowing ($530M) and dividends ($154M). Cash-flow statements as filed.

Where the cash came from and went

Heritage Financial: sources (+) and uses (−) of cash, Q3 2026Heritage Financial: sources (+) and uses (−) of cash, Q3 2026Other financing$148MOther investing−$129MNet borrowing (+) / repaid (−)−$44.4MOperating cash flow$30.5MCash drawn (+) / kept (−)$17.3MBuybacks−$10.3MDividends−$10.2MCapital spending−$2.1M
Heritage Financial: sources (+) and uses (−) of cash, TTM to Q3 2026Heritage Financial: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$95.5MOther financing−$59.5MCash drawn (+) / kept (−)$58.4MDividends−$36.4MBuybacks−$21.4MNet borrowing (+) / repaid (−)−$16.1MCapital spending−$11.1MOther investing−$9.4M

From profit to cash

Heritage Financial: net income to operating cash flow, Q3 2026Heritage Financial: net income to operating cash flow, Q3 2026Net income$18.7MDepreciation & amortization−$1.6MDeferred taxes$86KOther operating capital$2.2MOperating cash flow$30.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$30.5M−$2.1M−$10.3M−$10.2M−$44.4M$17.3M$28.4M
Q2 2026$23.1M−$2.0M−$10.1M−$9.9M$146M$63.8M$21.1M
Q1 2026$14.0M−$1.3M−$960K−$8.2M—−$35.1M$12.7M
Q4 2025$28.0M−$5.7M−$44K−$8.2M−$118M$12.4M$22.3M
Q3 2025$25.1M−$678K−$24K−$8.1M−$125M$8.6M$24.4M
Q2 2025$22.5M−$1.6M−$4.6M−$8.2M−$1.2M−$5.4M$20.9M
Q1 2025$19.3M−$1.2M−$838K−$8.2M−$119M−$132M$18.1M
Q4 2024$20.6M−$802K−$4.4M−$7.9M$1.0M$58.5M$19.8M

Heritage Financial: income statement and cash flow

Heritage Financial, Q3 2026: revenue $86.5M (+32% year over year), operating margin 25.8%. The chart follows the revenue to costs, profit and cash.

Heritage Financial: 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.