Waters Corp.
Cash Flow Statement
| Line Item | Jul 2026 | Apr 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-136.0M | $-72.0M | $225.2M | $148.9M | $147.0M | $121.0M | $231.4M | $161.5M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $35.0M | $36.0M | $21.9M | $22.2M | $22.0M | $22.0M | $22.3M | $20.3M |
| Amortization | $266.0M | $171.0M | $31.0M | $30.0M | $29.0M | $28.0M | $26.0M | $28.0M |
| Stock-Based Compensation | $25.0M | $20.0M | $14.5M | $13.6M | $13.0M | $13.0M | $11.7M | $10.6M |
| Net Cash from Operating Activities | $201.0M | $-3.0M | $164.6M | $187.0M | $41.0M | $260.0M | $240.1M | $204.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $48.0M | $39.0M | — | — | $23.0M | $26.0M | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $2.0M | $95.0M | $-42.1M | $-25.1M | $-59.0M | $-26.0M | $-51.2M | $-26.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $2.0M | $12.0M | $144.0K | $523.0K | $0 | $14.0M | $66.0K | $141.0K |
| Net Cash from Financing Activities | $-124.0M | $-213.0M | $3.3M | $-66.5M | $-1.0M | $-173.0M | $-193.6M | $-176.9M |
| Net Change in Cash | $77.0M | $-126.0M | $128.7M | $91.8M | $-16.0M | $58.0M | $-5.2M | $4.1M |
| Free Cash Flow | $153.0M | $-42.0M | — | — | $18.0M | $234.0M | — | — |