Donnelley Financial Solutions, Inc. cash flow statement

In fiscal 2025, Donnelley Financial Solutions, Inc.'s operations generated $165m of cash; it spent $57.1m on capital projects, leaving free cash flow of $108m. It returned $185m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Donnelley Financial Solutions, Inc.: cash flow statement, annual
Fiscal year	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash from operations	125	121	106	91	66	55	154	180	150	124	171	165	227
Depreciation and amortisation	41	42	43	45	46	50	51	40	46	57	60	59	59
Stock-based pay	2	2	3	7	9	9	14	20	19	23	25	31	34
Capital spending	29	27	26	28	37	45	31	42	54	62	66	57	48
Free cash flow	97	94	80	64	29	10	123	138	96	62	105	108	179
Free cash flow after stock pay	94	92	77	57	20	1	110	118	77	40	80	76	145
Share buybacks	—	0	0	1	2	2	12	41	165	40	82	185	145
Shares issued	—	0	0	19	1	0	0	2	0	3	2	2	0

US$ millions unless shown otherwise. Fiscal quarters.

Donnelley Financial Solutions, Inc.: cash flow statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Cash from operations	56	−38	68	74	60	−6	75	98
Depreciation and amortisation	15	14	15	15	15	15	15	14
Stock-based pay	6	6	8	7	11	6	9	8
Capital spending	15	13	17	15	12	10	14	12
Free cash flow	41	−51	52	59	48	−16	61	86
Free cash flow after stock pay	35	−57	44	52	37	−22	52	78
Shares issued	2	1	1	0	0	0	0	0

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Donnelley Financial Solutions, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Donnelley Financial Solutions, Inc.