Smurfit Westrock plc
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $89.0M | $65.0M | $246.0M | $-28.0M | $384.0M | $-150.0M | $132.0M | $191.0M |
| Depreciation & Amortization | $678.0M | $728.0M | $659.0M | $613.0M | $603.0M | $564.0M | $160.0M | $148.0M |
| Depreciation | — | — | — | — | — | $517.0M | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | $28.0M | — | — | $43.0M | — | — | $15.0M |
| Net Cash from Operating Activities | $765.0M | $204.0M | $1.13B | $829.0M | $235.0M | $320.0M | $340.0M | $42.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $465.0M | $624.0M | $610.0M | $522.0M | $477.0M | $512.0M | $177.0M | $208.0M |
| Business Acquisitions | — | $18.0M | — | — | $4.0M | — | — | $0 |
| Net Cash from Investing Activities | — | $-627.0M | — | — | $-476.0M | — | — | $-207.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | $237.0M | — | — | $225.0M | — | — | $0 |
| Stock Repurchases | — | — | — | — | $0 | — | — | $27.0M |
| Net Cash from Financing Activities | — | $209.0M | — | — | $151.0M | — | — | $0 |
| Net Change in Cash | — | $-218.0M | — | — | $-58.0M | — | — | $-189.0M |
| Free Cash Flow | $300.0M | $-420.0M | $523.0M | $307.0M | $-242.0M | $-192.0M | $163.0M | $-166.0M |