Option Care Health (OPCH) Cash Flow: Operating & Free Cash Flow

Option Care Health 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 Option Care Health, Inc. (OPCH) - 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	207.59	211.82	267.09	150.56	139.90	-8.08	-75.92	-51.59	-61.29
Depreciation & Amortization	70.69	63.50	62.20	65.43	68.80	77.90	57.87	23.60	26.31
Deferred Income Tax	8.44	12.66	12.77	49.19	-30.37	1.20	-4.61	0.07	-3.15
Stock Based Compensation	39.96	36.14	30.48	16.78	9.58	2.92	4.17	4.18	2.36
Change in Working Capital	-99.75	-20.25	-21.45	-29.78	-11.37	7.13	38.58	-16.71	17.71
Change in Accounts Receivable	-54.59	-32.08	0.22	-36.89	-4.27	-3.92	82.29	-29.34	23.56
Change in Inventory	-81.47	-114.13	-51.00	-41.01	-22.70	-42.73	-12.85	11.36	-1.77
Change in Accounts Payable	19.52	183.40	47.70	98.89	-10.38	59.22	-30.86	1.06	-2.54
Change in Other Working Capital	30.19	-34.09	21.74	-50.76	21.01	-5.44	0.00	0.22	-1.55
Other Operating Activities	30.19	32.17	21.74	15.36	21.01	46.33	19.38	20.35	17.01
Net Cash from Operating Activities	258.45	323.39	371.30	267.55	208.57	127.39	39.47	-20.10	-1.05
Investing Activities
Capital Expenditures	-41.31	-35.61	-41.87	-35.36	-25.63	-26.88	-28.29	-13.88	-8.39
Acquisitions	-117.25	0.00	-12.49	-87.36	-85.91	0.00	-700.17	0.36	0.00
Other Investing Activities	-2.53	-0.86	-5.89	14.67	0.00	0.54	0.64	0.36	-4.95
Net Cash from Investing Activities	-161.08	-36.47	-56.51	-108.05	-111.54	-26.33	-727.83	-13.52	-13.34
Financing Activities
Debt Repayment	-185.19	-6.38	-6.00	-6.00	-919.18	-183.25	752.24	-4.15	23.38
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	118.93	2.50	0.00	20.78
Common Stock Repurchased	-309.95	-265.11	-250.26	0.00	-0.03	0.00	-2.50	0.00	0.00
Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00	-2.00	0.00	0.00
Other Financing Activities	-1.04	3.33	-5.75	21.27	-12.80	-4.53	-31.21	0.00	0.12
Net Cash from Financing Activities	-277.31	-218.21	-265.13	15.27	-76.87	-68.85	719.02	8.07	44.28
Summary
Net Change in Cash	-179.94	68.72	49.66	174.76	20.16	32.21	30.67	-25.55	29.89
Cash at Beginning of Period	412.57	343.85	294.19	119.42	99.27	67.06	36.39	44.41	9.57
Cash at End of Period	232.62	412.57	343.85	294.19	119.42	99.27	67.06	18.86	39.46
Free Cash Flow	217.14	287.79	329.43	232.19	182.94	100.52	11.18	-33.98	-9.44
Supplemental Disclosures
Interest Paid	-	71.55	69.80	50.37	60.92	97.64	-	-	-
Income Taxes Paid	-	64.52	75.24	13.44	5.71	2.88	-	-	-

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

Frequently Asked Questions About Option Care Health Cash Flow

What is Option Care Health's free cash flow?

Option Care Health generated free cash flow of $217.14M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $258.45M minus $41.31M of capital expenditures. That was down 24.5% from $287.79M a year earlier. Free cash flow equaled 3.8% of revenue.

How much does Option Care Health spend on capital expenditures?

Option Care Health spent $41.31M on capital expenditures in fiscal 2025, compared with $35.61M a year earlier. That equals 16.0% of operating cash flow.

Does Option Care Health pay dividends or buy back shares?

Yes. In fiscal 2025 Option Care Health returned $309.95M 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