Filing Flows

Filing Flows › Companies › LivaNova › Cash flow

LivaNova cash flow, quarter by quarter

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

Free cash flow$42.9M in Q3 2026 · $129M over twelve months

Operating cash flow$73.7M
Capital spending−$30.8M
Free cash flow+$42.9M
Cash / net income2.1×
Cash conversion cycle105 days

Analysis

In Q3 2026, LivaNova generated $73.7M of operating cash flow and spent $30.8M on capital projects, leaving free cash flow of $42.9M. That is $19.3M less than in Q3 2025 ($62.2M).

Over the twelve months to Sep 30, 2026, operating cash flow was $238M; the largest uses were net borrowing (+) / repaid (−) ($160M), capital spending ($109M), other financing ($43.9M); besides operations, cash came from other investing ($9.0M); the cash balance fell by $82.6M.

Operating cash flow was $73.7M against net income of $34.3M — 2.1× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$15.5M, stock-based pay +$14.6M, prepaid and other assets −$8.3M.

Its cash conversion cycle was 105 days (receivables 55 + inventory 126 − payables 76).

Free cash flow

LivaNova: free cash flow by quarterLivaNova: free cash flow by quarter$68.3MQ4 2024$13.2MQ1 2025$47.8MQ2 2025$62.2MQ3 2025$50.2MQ4 2025$926KQ1 2026$35.0MQ2 2026$42.9MQ3 2026
Operating cash flow less capital spending.
LivaNova: operating cash flow against capital spendingLivaNova: operating cash flow against capital spendingOperating cash flowCapital spending$78.7M$10.4MQ4 2024$24.0M$10.8MQ1 2025$62.9M$15.1MQ2 2025$85.1M$22.9MQ3 2025$82.4M$32.2MQ4 2025$15.2M$14.3MQ1 2026$66.6M$31.6MQ2 2026$73.7M$30.8MQ3 2026
Latest (Q3 2026): Operating cash flow $73.7M, Capital spending $30.8M.

Capital allocation, year by year

LivaNova: where the cash came from (up) and went (down), by fiscal yearLivaNova: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsFY2021: Operating cash flow $103MFY2021: Net borrowing −$452MFY2021: Shares issued $323MFY2021: Asset sales $42.9MFY2021: Capital spending −$25.5MFY2021: Acquisitions −$1.7M$468MFY2021FY2022: Operating cash flow $69.9MFY2022: Net borrowing $284MFY2022: Shares issued $645KFY2022: Capital spending −$26.5MFY2022: Acquisitions −$8.9M$355MFY2022FY2023: Operating cash flow $74.9MFY2023: Net borrowing $28.4MFY2023: Shares issued $19KFY2023: Asset sales $1.2MFY2023: Capital spending −$35.0M$104MFY2023FY2024: Operating cash flow $183MFY2024: Net borrowing $88.0MFY2024: Shares issued $6.3MFY2024: Asset sales $89KFY2024: Capital spending −$47.1M$277MFY2024FY2025: Operating cash flow $254MFY2025: Net borrowing −$281MFY2025: Shares issued $35KFY2025: Asset sales $7.3MFY2025: Capital spending −$81.0M$262MFY2025
Over these 5 years operating cash flow totalled $685M; the largest uses were net borrowing ($733M) and capital spending ($215M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$563M
Debt$295M
Net cash$268M
Due within a year$31.2M

LivaNova funds itself: free cash flow was $129M over the last twelve months, and $563M of cash and investments stands against $295M of debt ($31.2M due within a year, 18.0× covered by cash).

LivaNova: debt maturities by year (FY2025)LivaNova: debt maturities by year (FY2025)$31.2MYear 1$65.8MYear 2$451KYear 3$345MYear 4$406KYear 5
Principal due in each year as disclosed in the annual report, against $563M of cash and investments now.

Where the cash came from and went

LivaNova: sources (+) and uses (−) of cash, Q3 2026LivaNova: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$73.7MCash drawn (+) / kept (−)−$46.8MCapital spending−$30.8MOther investing$7.7MOther financing−$2.9MExchange rates−$788K
LivaNova: sources (+) and uses (−) of cash, TTM to Q3 2026LivaNova: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$238MNet borrowing (+) / repaid (−)−$160MCapital spending−$109MCash drawn (+) / kept (−)$82.6MOther financing−$43.9MTaxes on employees’ shares−$12.5MOther investing$9.0MExchange rates−$4.1M

From profit to cash

LivaNova: net income to operating cash flow, Q3 2026LivaNova: net income to operating cash flow, Q3 2026Net income$34.3MDepreciation & amortization$15.5MStock-based pay$14.6MDeferred taxes$3.1MOther non-cash$560KReceivables−$5.3MInventory−$5.3MPrepaid and other assets−$8.3MIncome taxes payable−$2.4MOperating cash flow$73.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20265512676105
Q2 20265413279106
Q1 20265512575106
Q4 20255412670110
Q3 20255613671120
Q2 20255512870113
Q1 20255613570121
Q4 20245613363125

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$73.7M−$30.8M——−$46.8M$42.9M
Q2 2026$66.6M−$31.6M——$23.1M$35.0M
Q1 2026$15.2M−$14.3M−$95.9M—$95.8M$926K
Q4 2025$82.4M−$32.2M−$64.1M$2K$10.5M$50.2M
Q3 2025$85.1M−$22.9M−$6.6M$33K−$52.4M$62.2M
Q2 2025$62.9M−$15.1M−$206M—$145M$47.8M
Q1 2025$24.0M−$10.8M−$4.4M—−$14.9M$13.2M
Q4 2024$78.7M−$10.4M−$4.4M$1.3M−$57.0M$68.3M

LivaNova: income statement and cash flow

LivaNova, Q3 2026: revenue $393M (+10% year over year), operating margin 7.2%. The chart follows the revenue to costs, profit and cash.

LivaNova: 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.