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Wolverine World Wide cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$84.2M in Q2 2026 · $175M over twelve months

Operating cash flow$86.6M
Capital spending−$2.4M
Free cash flow+$84.2M
Cash / net income2.6×
Cash conversion cycle74 days

Analysis

In Q2 2026, Wolverine World Wide generated $86.6M of operating cash flow and spent $2.4M on capital projects, leaving free cash flow of $84.2M.

Over the twelve months to Jul 4, 2026, operating cash flow was $183M; the largest uses were net borrowing (+) / repaid (−) ($108M), dividends ($33.6M), other financing ($18.4M); besides operations, cash came from shares issued ($11.9M), other investing ($1.0M); the cash balance rose by $17.5M.

Operating cash flow was $86.6M against net income of $32.9M — 2.6× profit, cash ran ahead of reported earnings. The largest differences: payables +$49.9M, receivables −$35.8M, other liabilities +$23.5M.

Its cash conversion cycle was 74 days (receivables 37 + inventory 92 − payables 55).

Free cash flow

Wolverine World Wide: free cash flow by quarterWolverine World Wide: free cash flow by quarter$104MQ3 2024$74.4MQ4 2024−$91.4MQ1 2025$41.2MQ2 2025$30.1MQ3 2025$146MQ1 2026−$84.9MQ1 2026$84.2MQ2 2026
Operating cash flow less capital spending.
Wolverine World Wide: operating cash flow against capital spendingWolverine World Wide: operating cash flow against capital spendingOperating cash flowCapital spending$108M$4.1MQ3 2024$82.4M$8.0MQ4 2024−$83.8M$7.6MQ1 2025$44.6M$3.4MQ2 2025$33.0M$2.9MQ3 2025$146M$600KQ1 2026−$83.2M$1.7MQ1 2026$86.6M$2.4MQ2 2026
Latest (Q2 2026): Operating cash flow $86.6M, Capital spending $2.4M.

Capital allocation, year by year

Wolverine World Wide: where the cash came from (up) and went (down), by fiscal yearWolverine World Wide: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksDividendsFY2022: Operating cash flow $86.8MFY2022: Net borrowing $245MFY2022: Shares issued $17.1MFY2022: Capital spending −$17.6MFY2022: Acquisitions −$417MFY2022: Buybacks −$39.6MFY2022: Dividends −$33.5M$349MFY2022FY2022: Operating cash flow −$179MFY2022: Net borrowing $190MFY2022: Shares issued $1.4MFY2022: Capital spending −$36.5MFY2022: Buybacks −$81.3MFY2022: Dividends −$32.8M$191MFY2022FY2023: Operating cash flow $122MFY2023: Net borrowing −$238MFY2023: Shares issued $100KFY2023: Capital spending −$14.6MFY2023: Dividends −$32.6M$122MFY2023FY2024: Operating cash flow $180MFY2024: Net borrowing −$274MFY2024: Shares issued $3.1MFY2024: Capital spending −$20.2MFY2024: Dividends −$32.5M$183MFY2024FY2026: Operating cash flow $140MFY2026: Net borrowing −$27.5MFY2026: Shares issued $12.2MFY2026: Capital spending −$14.5MFY2026: Buybacks −$14.5MFY2026: Dividends −$33.3M$152MFY2026
Over these 5 years operating cash flow totalled $350M; the largest uses were net borrowing ($540M) and acquisitions ($417M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$158M
Debt$601M
Net debt$443M
Due within a year$75.0M

Wolverine World Wide funds itself: free cash flow was $175M over the last twelve months, and $158M of cash and investments stands against $601M of debt ($75.0M due within a year, 2.1× covered by cash).

Wolverine World Wide: debt maturities by year (FY2026)Wolverine World Wide: debt maturities by year (FY2026)$75.0MYear 1$550MYear 4
Principal due in each year as disclosed in the annual report, against $158M of cash and investments now.

Where the cash came from and went

Wolverine World Wide: sources (+) and uses (−) of cash, Q2 2026Wolverine World Wide: sources (+) and uses (−) of cash, Q2 2026Operating cash flow$86.6MCash drawn (+) / kept (−)−$38.9MNet borrowing (+) / repaid (−)−$38.0MDividends−$8.3MCapital spending−$2.4MExchange rates$1.7MTaxes on employees’ shares−$400KOther investing−$300K
Wolverine World Wide: sources (+) and uses (−) of cash, TTM to Q2 2026Wolverine World Wide: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$183MNet borrowing (+) / repaid (−)−$108MDividends−$33.6MOther financing−$18.4MCash drawn (+) / kept (−)−$17.5MShares issued$11.9MTaxes on employees’ shares−$10.7MCapital spending−$7.6MOther investing$1.0MExchange rates$800K

From profit to cash

Wolverine World Wide: net income to operating cash flow, Q2 2026Wolverine World Wide: net income to operating cash flow, Q2 2026Net income$32.9MDepreciation & amortization$5.3MStock-based pay$6.6MDeferred taxes$100KOther non-cash−$5.3MReceivables−$35.8MInventory$11.5MPayables$49.9MOther liabilities$23.5MOperating cash flow$86.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202637925574
Q1 2026351056080
Q1 2026351015879
Q3 2025451147089
Q2 2025471107384
Q1 2025501117981
Q4 202442887060
Q3 2024531117887

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$86.6M−$2.4M−$8.3M−$38.0M—−$38.9M$84.2M
Q1 2026−$83.2M−$1.7M−$8.7M$17.0M$200K$86.7M−$84.9M
Q1 2026$146M−$600K−$8.3M−$55.0M—−$72.4M$146M
Q3 2025$33.0M−$2.9M−$8.3M−$32.5M$11.7M$7.1M$30.1M
Q2 2025$44.6M−$3.4M−$8.2M−$2.5M$200K−$34.5M$41.2M
Q1 2025−$83.8M−$7.6M−$8.5M$62.5M$300K$45.6M−$91.4M
Q4 2024$82.4M−$8.0M−$8.1M−$55.0M$3.1M−$11.9M$74.4M
Q3 2024$108M−$4.1M−$8.2M−$112M—$8.1M$104M

Wolverine World Wide: income statement and cash flow

Wolverine World Wide, Q2 2026: revenue $506M (+7% year over year), operating margin 9.3%. The chart follows the revenue to costs, profit and cash.

Wolverine World Wide: 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.