Innospec (IOSP) Cash Flow: Operating & Free Cash Flow

Innospec (IOSP) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Innospec generated $138.30M of operating cash flow and spent $75.50M on capital expenditures. That left free cash flow of $62.80M, down 56.1% from $143.10M a year earlier, or 3.5% of revenue. It returned $66.30M to shareholders through $42.40M in dividends and $23.90M in share buybacks.

Innospec Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Innospec Inc. (IOSP) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	116.60	35.60	139.10	133.00	93.10	28.70	112.20	85.00	61.80
Depreciation & Amortization	43.60	43.50	39.30	40.10	42.70	46.00	47.60	49.60	50.40
Deferred Income Tax	-10.20	-39.30	3.60	-5.50	6.40	-2.50	0.00	5.50	-6.70
Stock Based Compensation	8.10	8.50	8.00	6.70	4.40	5.80	26.70	4.90	4.10
Change in Working Capital	-48.40	-18.90	20.60	-90.10	-48.10	50.10	-20.80	-34.80	-25.00
Change in Accounts Receivable	21.60	4.30	-12.60	-55.50	-70.30	10.10	-18.20	-45.70	-83.20
Change in Inventory	-6.60	-11.80	83.00	-98.50	-62.00	25.50	2.40	-42.20	-30.80
Change in Accounts Payable	-54.60	-4.50	-26.90	54.20	87.00	-45.90	0.00	38.40	48.60
Change in Other Working Capital	-15.90	-6.90	-22.90	3.20	-3.10	60.40	-5.00	14.70	40.40
Other Operating Activities	-15.90	155.10	-3.30	-8.00	1.10	17.80	-4.10	-5.30	-1.90
Net Cash from Operating Activities	138.30	184.50	207.30	81.70	93.20	145.90	161.60	104.90	82.70
Investing Activities
Capital Expenditures	-75.50	-41.40	-62.10	-39.60	-39.10	-29.70	-29.90	-30.10	-32.20
Acquisitions	-0.70	-0.20	-34.70	2.00	3.00	0.10	0.00	-5.40	2.60
Sales/Maturities of Investments	-25.20	0.00	0.00	-2.70	0.00	0.00	0.00	0.00	0.00
Other Investing Activities	-24.10	0.50	0.10	-1.80	-0.10	-0.10	-1.10	-1.20	-8.90
Net Cash from Investing Activities	-75.10	-62.00	-111.80	-42.10	-36.20	-29.70	-31.00	-35.50	-29.60
Financing Activities
Debt Repayment	0.00	0.00	-2.30	-0.10	-0.60	-61.10	-150.20	-14.20	-53.50
Common Stock Issued	0.50	2.10	0.90	2.20	10.10	2.20	0.00	1.10	6.80
Common Stock Repurchased	-23.90	-0.70	-1.10	-5.90	-0.80	-2.10	-2.40	-1.40	-1.10
Dividends Paid	-42.40	-38.80	-35.10	-31.70	-28.80	-25.60	-25.00	-21.70	-18.60
Other Financing Activities	1.90	2.10	-1.40	1.80	0.10	-0.20	-0.30	0.00	0.00
Net Cash from Financing Activities	-63.90	-35.30	-39.00	-33.70	-20.00	-86.80	-177.90	-36.20	-66.40
Summary
Effect of Forex Changes on Cash	4.00	-1.70	0.10	-0.60	-0.50	0.20	-0.10	-0.30	1.60
Net Change in Cash	3.30	85.50	56.60	5.30	37.00	29.60	-47.40	32.90	-11.70
Cash at Beginning of Period	289.20	203.70	147.10	141.80	105.30	75.70	123.10	90.20	101.90
Cash at End of Period	292.50	289.20	203.70	147.10	141.80	105.30	75.70	123.10	90.20
Free Cash Flow	62.80	143.10	145.20	42.10	54.10	116.20	131.70	74.80	50.50
Supplemental Disclosures
Income Taxes Paid	51.00	51.70	54.30	50.00	36.80	-	-	-	-

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

Frequently Asked Questions About Innospec Cash Flow

What is Innospec's free cash flow?

Innospec generated free cash flow of $62.80M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $138.30M minus $75.50M of capital expenditures. That was down 56.1% from $143.10M a year earlier. Free cash flow equaled 3.5% of revenue.

How much does Innospec spend on capital expenditures?

Innospec spent $75.50M on capital expenditures in fiscal 2025, compared with $41.40M a year earlier. That equals 54.6% of operating cash flow.

Does Innospec pay dividends or buy back shares?

Yes. In fiscal 2025 Innospec returned $42.40M in dividends and $23.90M 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