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Sylvamo cash flow, quarter by quarter

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

Free cash flow$18.0M in Q3 2026 · −$52.0M over twelve months

Operating cash flow$64.0M
Capital spending−$46.0M
Free cash flow+$18.0M
Cash conversion cycle63 days

Analysis

In Q3 2026, Sylvamo generated $64.0M of operating cash flow and spent $46.0M on capital projects, leaving free cash flow of $18.0M. That is $41.0M less than in Q3 2025 ($59.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was $186M; the largest uses were capital spending ($238M), dividends ($72.0M), other financing ($27.0M); besides operations, cash came from net borrowing (+) / repaid (−) ($178M), other investing ($15.0M); the cash balance rose by $4.0M.

Operating cash flow was $64.0M against net income of −$199M. The largest differences: depreciation & amortization +$36.0M, inventory −$16.0M, stock-based pay +$4.0M.

Its cash conversion cycle was 63 days (receivables 45 + inventory 91 − payables 74).

Free cash flow

Sylvamo: free cash flow by quarterSylvamo: free cash flow by quarter$100MQ4 2024−$25.0MQ1 2025−$2.0MQ2 2025$59.0MQ3 2025$12.0MQ4 2025−$59.0MQ1 2026−$23.0MQ2 2026$18.0MQ3 2026
Operating cash flow less capital spending.
Sylvamo: operating cash flow against capital spendingSylvamo: operating cash flow against capital spendingOperating cash flowCapital spending$164M$64.0MQ4 2024$23.0M$48.0MQ1 2025$64.0M$66.0MQ2 2025$87.0M$28.0MQ3 2025$94.0M$82.0MQ4 2025−$10.0M$49.0MQ1 2026$38.0M$61.0MQ2 2026$64.0M$46.0MQ3 2026
Latest (Q3 2026): Operating cash flow $64.0M, Capital spending $46.0M.

Capital allocation, year by year

Sylvamo: where the cash came from (up) and went (down), by fiscal yearSylvamo: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $549MFY2021: Net borrowing $1.4BFY2021: Capital spending −$69.0M$1.9BFY2021FY2022: Operating cash flow $438MFY2022: Net borrowing −$375MFY2022: Asset sales $324MFY2022: Capital spending −$149MFY2022: Buybacks −$80.0MFY2022: Dividends −$10.0M$762MFY2022FY2023: Operating cash flow $504MFY2023: Net borrowing −$80.0MFY2023: Capital spending −$210MFY2023: Acquisitions −$167MFY2023: Buybacks −$70.0MFY2023: Dividends −$57.0M$504MFY2023FY2024: Operating cash flow $469MFY2024: Net borrowing −$157MFY2024: Capital spending −$221MFY2024: Buybacks −$69.0MFY2024: Dividends −$62.0M$469MFY2024FY2025: Operating cash flow $268MFY2025: Net borrowing $47.0MFY2025: Capital spending −$224MFY2025: Buybacks −$82.0MFY2025: Dividends −$73.0M$315MFY2025
Over these 5 years operating cash flow totalled $2.2B; the largest uses were capital spending ($873M) and net borrowing ($612M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$172M
Debt$900M
Net debt$728M
Due within a year$39.0M

Sylvamo's operations bring cash in ($186M over twelve months), and it spends more than that on capital projects: a gap of $52.0M funded from its $172M of cash and investments and from borrowing ($900M of debt, $39.0M due within a year). That is a choice to invest, not a cash runway running down.

Where the cash came from and went

Sylvamo: sources (+) and uses (−) of cash, Q3 2026Sylvamo: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$64.0MCapital spending−$46.0MNet borrowing (+) / repaid (−)$30.0MCash drawn (+) / kept (−)−$19.0MDividends−$18.0MOther investing−$12.0MNot reconciled$6.0MOther financing−$4.0MExchange rates−$1.0M
Sylvamo: sources (+) and uses (−) of cash, TTM to Q3 2026Sylvamo: sources (+) and uses (−) of cash, TTM to Q3 2026Capital spending−$238MOperating cash flow$186MNet borrowing (+) / repaid (−)$178MDividends−$72.0MNot reconciled−$38.0MOther financing−$27.0MOther investing$15.0MCash drawn (+) / kept (−)−$4.0M

From profit to cash

Sylvamo: net income to operating cash flow, Q3 2026Sylvamo: net income to operating cash flow, Q3 2026Net income−$199MDepreciation & amortization$36.0MStock-based pay$4.0MOther non-cash$1.0MInventory−$16.0MPayables$1.0MOther operating capital$4.0MOperating cash flow$64.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202645917463
Q2 202639675650
Q1 202641534846
Q4 202522252424
Q3 202550867858
Q2 202543555444
Q1 202543505241
Q4 202439494740

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$64.0M−$46.0M—−$18.0M$30.0M−$19.0M$18.0M
Q2 2026$38.0M−$61.0M—−$18.0M$35.0M$7.0M−$23.0M
Q1 2026−$10.0M−$49.0M—−$18.0M$67.0M$5.0M−$59.0M
Q4 2025$94.0M−$82.0M—−$18.0M$46.0M$3.0M$12.0M
Q3 2025$87.0M−$28.0M−$42.0M−$19.0M−$7.0M−$25.0M$59.0M
Q2 2025$64.0M−$66.0M−$20.0M−$18.0M−$4.0M$41.0M−$2.0M
Q1 2025$23.0M−$48.0M−$20.0M−$18.0M$12.0M$51.0M−$25.0M
Q4 2024$164M−$64.0M−$39.0M−$19.0M−$122M$103M$100M

Sylvamo: income statement and cash flow

Sylvamo, Q3 2026: revenue $645M (-3% year over year), operating margin 13.5%. The chart follows the revenue to costs, profit and cash.

Sylvamo: 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.