Quad/Graphics, Inc.
For the period ended Mar 31, 2026. Filed Apr 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 29, 2026
QUAD$7.40-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| OPERATING ACTIVITIES | ||
| Net earnings | $6.2 | $5.8 |
| Adjustments to reconcile net earnings to net cash used in operating activities: | ||
| Depreciation and amortization | 18.4 | 19.7 |
| Impairment charges | 0.2 | 0.3 |
| Amortization of debt issuance costs and original issue discount | 0.4 | 0.4 |
| Stock-based compensation | 1.3 | 1.6 |
| Loss on the sale of a business | — | 0.5 |
| Deferred income taxes | (0.5) | 0.1 |
| Changes in operating assets and liabilities - net of divestiture | (119.7) | (117.4) |
| Net cash used in operating activities | (93.7) | (89.0) |
| INVESTING ACTIVITIES | ||
| Purchases of property, plant and equipment | (13.3) | (11.3) |
| Cost investment in unconsolidated entities | — | (0.2) |
| Proceeds from the sale of property, plant and equipment | — | 0.1 |
| Other investing activities | (1.7) | (2.7) |
| Net cash used in investing activities | (15.0) | (14.1) |
| FINANCING ACTIVITIES | ||
| Payments of current and long-term debt | (9.0) | (6.3) |
| Payments of finance lease obligations | (0.1) | (0.4) |
| Borrowings on revolving credit facilities | 354.3 | 398.1 |
| Payments on revolving credit facilities | (282.4) | (300.6) |
| Purchases of treasury stock | (1.1) | (3.3) |
| Equity awards redeemed to pay employees’ tax obligations | (3.8) | (3.6) |
| Payment of cash dividends | (5.5) | (3.5) |
| Net cash provided by financing activities | 52.4 | 80.4 |
| Effect of exchange rates on cash and cash equivalents | — | (0.1) |
| Net decrease in cash and cash equivalents, including cash classified as held for sale | (56.3) | (22.8) |
| Less: net decrease in cash classified as held for sale | — | (1.7) |
| Net decrease in cash and cash equivalents | (56.3) | (21.1) |
| Cash and cash equivalents at beginning of period | 63.3 | 29.2 |
| Cash and cash equivalents at end of period | $7.0 | $8.1 |
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