Filing Flows

Filing Flows › Companies › Kaiser Aluminum › Cash flow

Kaiser Aluminum cash flow, quarter by quarter

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

Free cash flow$72.3M in Q3 2026 · $125M over twelve months

Operating cash flow$101M
Capital spending−$28.4M
Free cash flow+$72.3M
Cash / net income3.2×
Cash conversion cycle74 days

Analysis

In Q3 2026, Kaiser Aluminum generated $101M of operating cash flow and spent $28.4M on capital projects, leaving free cash flow of $72.3M. That is $37.8M more than in Q3 2025 ($34.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $228M; the largest uses were capital spending ($103M), dividends ($52.0M), other financing ($10.1M); besides operations, cash came from asset & business sales ($50.1M); the cash balance rose by $99.9M.

Operating cash flow was $101M against net income of $31.0M — 3.2× profit, cash ran ahead of reported earnings. The largest differences: payables −$71.8M, accrued liabilities +$60.7M, receivables +$43.4M.

Its cash conversion cycle was 74 days (receivables 42 + inventory 71 − payables 39).

Free cash flow

Kaiser Aluminum: free cash flow by quarterKaiser Aluminum: free cash flow by quarter−$12.6MQ4 2024$18.8MQ1 2025−$27.7MQ2 2025$34.5MQ3 2025−$51.1MQ4 2025$68.5MQ1 2026$35.1MQ2 2026$72.3MQ3 2026
Operating cash flow less capital spending.
Kaiser Aluminum: operating cash flow against capital spendingKaiser Aluminum: operating cash flow against capital spendingOperating cash flowCapital spending$43.4M$56.0MQ4 2024$57.0M$38.2MQ1 2025$15.9M$43.6MQ2 2025$59.1M$24.6MQ3 2025−$20.6M$30.5MQ4 2025$87.9M$19.4MQ1 2026$59.5M$24.4MQ2 2026$101M$28.4MQ3 2026
Latest (Q3 2026): Operating cash flow $101M, Capital spending $28.4M.

Capital allocation, year by year

Kaiser Aluminum: where the cash came from (up) and went (down), by fiscal yearKaiser Aluminum: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsDividendsFY2021: Operating cash flow $79.4MFY2021: Net borrowing −$2.1MFY2021: Asset sales $1.8MFY2021: Capital spending −$58.0MFY2021: Acquisitions −$609MFY2021: Dividends −$46.7M$81.2MFY2021FY2022: Operating cash flow −$63.1MFY2022: Net borrowing −$2.1MFY2022: Asset sales $11.0MFY2022: Capital spending −$142MFY2022: Dividends −$50.1M$11.0MFY2022FY2023: Operating cash flow $212MFY2023: Net borrowing −$2.1MFY2023: Asset sales $15.2MFY2023: Capital spending −$143MFY2023: Dividends −$50.4M$227MFY2023FY2024: Operating cash flow $167MFY2024: Net borrowing −$2.5MFY2024: Asset sales $6.0MFY2024: Capital spending −$181MFY2024: Dividends −$50.7M$173MFY2024FY2025: Operating cash flow $111MFY2025: Net borrowing −$111MFY2025: Asset sales $53.1MFY2025: Capital spending −$137MFY2025: Dividends −$51.3M$164MFY2025
Over these 5 years operating cash flow totalled $507M; the largest uses were capital spending ($661M) and acquisitions ($609M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$117M
Debt$1.0B
Net debt$921M

Kaiser Aluminum funds itself: free cash flow was $125M over the last twelve months, and $117M of cash and investments stands against $1.0B of debt.

Where the cash came from and went

Kaiser Aluminum: sources (+) and uses (−) of cash, Q3 2026Kaiser Aluminum: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$101MCash drawn (+) / kept (−)−$58.5MCapital spending−$28.4MDividends−$12.8MNet borrowing (+) / repaid (−)−$1.1MAsset & business sales$100K
Kaiser Aluminum: sources (+) and uses (−) of cash, TTM to Q3 2026Kaiser Aluminum: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$228MCapital spending−$103MCash drawn (+) / kept (−)−$99.9MDividends−$52.0MAsset & business sales$50.1MOther financing−$10.1MTaxes on employees’ shares−$9.0MNet borrowing (+) / repaid (−)−$3.4MOther investing−$500K

From profit to cash

Kaiser Aluminum: net income to operating cash flow, Q3 2026Kaiser Aluminum: net income to operating cash flow, Q3 2026Net income$31.0MDepreciation & amortization$27.9MStock-based pay$3.7MDeferred taxes$4.4MImpairments$500KReceivables$43.4MInventory$200KPayables−$71.8MAccrued liabilities$60.7MContract assets−$1.6MPrepaid and other assets$3.9MOperating cash flow$101M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202642713974
Q2 202640714368
Q1 202639733775
Q4 202540823884
Q3 202542824579
Q2 202540743875
Q1 202539783780
Q4 202441803784

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$101M−$28.4M−$12.8M−$1.1M−$58.5M$72.3M
Q2 2026$59.5M−$24.4M−$12.8M−$900K−$28.4M$35.1M
Q1 2026$87.9M−$19.4M−$13.6M−$23.0M−$23.1M$68.5M
Q4 2025−$20.6M−$30.5M−$12.8M$21.6M$10.1M−$51.1M
Q3 2025$59.1M−$24.6M−$12.8M−$33.3M−$4.1M$34.5M
Q2 2025$15.9M−$43.6M−$12.8M$32.2M$8.4M−$27.7M
Q1 2025$57.0M−$38.2M−$12.9M−$700K−$3.4M$18.8M
Q4 2024$43.4M−$56.0M−$12.7M−$500K$26.1M−$12.6M

Kaiser Aluminum: income statement and cash flow

Kaiser Aluminum, Q3 2026: revenue $1.2B (+44% year over year), operating margin 4.5%. The chart follows the revenue to costs, profit and cash.

Kaiser Aluminum: 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.