Ingram Micro Holding (INGM) Cash Flow: Operating & Free Cash Flow

Ingram Micro Holding (INGM) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Ingram Micro Holding generated $916.13M of operating cash flow and spent $130.75M on capital expenditures. That left free cash flow of $785.37M, up 310.9% from $191.14M a year earlier, or 1.5% of revenue. It returned $81.47M to shareholders through $78.38M in dividends and $3.09M in share buybacks.

Ingram Micro Holding Cash Flow Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Ingram Micro Holding Corporation (INGM) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Jan 2022	Dec 2021	Jan 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	0.33	0.26	0.35	2.39	0.48	0.76	0.64	0.64	0.50	0.35	0.20
Depreciation & Amortization	0.33	0.32	0.29	0.30	0.39	0.36	0.35	0.35	0.34	0.21	0.20
Deferred Income Tax	-0.03	-0.01	-0.06	0.02	-	0.01	-	0.01	0.00	0.00	0.00
Stock Based Compensation	0.02	0.03	0.00	0.00	-	0.00	-	0.00	0.00	0.03	0.03
Change in Working Capital	0.19	-0.28	-0.56	-0.70	-1.12	-2.13	0.52	0.52	0.04	-0.88	-1.33
Change in Accounts Receivable	-1.11	-1.06	-0.30	-0.59	-0.73	1.86	-0.52	-0.52	0.08	-0.38	-0.92
Change in Inventory	-0.09	-0.23	0.77	-0.21	-0.78	-0.42	-0.38	-0.38	0.35	-0.18	-0.39
Change in Accounts Payable	1.71	0.98	-0.74	0.35	0.50	-2.54	1.27	1.27	0.00	0.00	0.00
Change in Other Working Capital	0.02	0.03	0.04	-0.25	-0.11	-1.04	0.15	0.15	-0.38	-0.32	-0.03
Other Operating Activities	0.02	0.03	0.04	-2.37	-0.12	-0.15	0.00	-0.02	-0.32	1.19	0.26
Net Cash from Operating Activities	0.92	0.33	0.06	-0.36	-0.38	-1.16	1.49	1.49	0.56	0.90	-0.64
Investing Activities
Capital Expenditures	-0.13	-0.14	-0.20	-0.14	-0.15	-0.13	-0.14	-0.14	-0.17	-0.14	-0.14
Acquisitions	0.00	0.00	0.00	0.00	-7.71	-0.03	-0.03	-0.03	-0.01	0.00	-0.08
Purchases of Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	0.03	0.01	0.00	0.00	-	0.00	-	0.00	0.00	0.00	0.00
Other Investing Activities	0.40	0.25	0.19	3.17	0.11	0.04	0.12	0.12	0.00	0.02	0.07
Net Cash from Investing Activities	0.27	0.11	-0.02	3.03	-7.75	-0.11	-0.04	-0.04	-0.17	-0.12	-0.15
Financing Activities
Debt Repayment	-0.32	-0.67	-0.65	-0.47	-	2.03	-	-0.48	0.00	-0.58	0.68
Common Stock Issued	0.00	0.24	0.00	0.00	2.66	0.00	-	0.00	0.00	0.00	0.00
Common Stock Repurchased	0.00	-0.04	0.00	0.00	-	0.00	-	0.00	0.00	0.00	0.00
Dividends Paid	-0.08	-0.01	-0.01	-1.75	-0.22	-0.43	-0.36	-0.36	-0.25	-0.18	-0.11
Other Financing Activities	-0.02	-0.02	-0.02	-0.24	-0.02	-0.02	0.02	0.02	0.00	-0.02	-0.03
Net Cash from Financing Activities	-0.31	-0.39	-0.48	-2.47	8.06	1.58	-0.82	-0.82	-0.25	-0.79	0.55
Summary
Effect of Forex Changes on Cash	0.07	-0.08	0.07	-0.11	-	-0.02	-	0.10	0.00	-0.01	0.00
Net Change in Cash	0.95	-0.03	-0.37	0.09	-0.18	0.29	0.74	0.74	0.14	-0.02	-0.25
Cash at Beginning of Period	0.92	0.95	1.32	1.23	-	2.82	-	0.67	0.53	0.55	0.80
Cash at End of Period	1.86	0.92	0.95	1.32	-	3.11	-	1.41	0.67	0.53	0.55
Free Cash Flow	0.79	0.19	-0.14	-0.50	-0.53	-1.29	1.36	1.36	0.39	0.77	-0.78
Supplemental Disclosures
Interest Paid	-	0.34	0.38	0.32	0.19	-	0.07	-	-	-	-
Income Taxes Paid	-	0.25	0.27	0.44	0.19	-	0.14	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ingram Micro Holding Cash Flow

What is Ingram Micro Holding's free cash flow?

Ingram Micro Holding generated free cash flow of $785.37M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $916.13M minus $130.75M of capital expenditures. That was up 310.9% from $191.14M a year earlier. Free cash flow equaled 1.5% of revenue.

How much does Ingram Micro Holding spend on capital expenditures?

Ingram Micro Holding spent $130.75M on capital expenditures in fiscal 2025, compared with $142.70M a year earlier. That equals 14.3% of operating cash flow.

Does Ingram Micro Holding pay dividends or buy back shares?

Yes. In fiscal 2025 Ingram Micro Holding returned $78.38M in dividends and $3.09M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition