Core & Main, Inc. (CNM) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-05-04 to 2026-08-02

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Core & Main, Inc. cash flow reconciliation, May 4, 2026 through Aug 2, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $62,000,000.00Net income → Operating adjustments reconciliation: $88,000,000.00Increase (decrease) in accrued liabilities → Operating adjustments reconciliation: $67,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $50,000,000.00Deferred income tax expense → Operating adjustments reconciliation: $7,000,000.00Equity-based compensation expense → Operating adjustments reconciliation: $4,000,000.00Other → Operating adjustments reconciliation: $4,000,000.00Operating adjustments reconciliation → (Increase) decrease in receivables: $184,000,000.00Operating adjustments reconciliation → (Increase) decrease in inventories: $36,000,000.00Issuance of long-term debt → financing reconciliation: $929,000,000.00Other → financing reconciliation: $5,000,000.00financing reconciliation → Net cash from financing activities: $135,000,000.00financing reconciliation → Repayments of long-term debt: $611,000,000.00financing reconciliation → Repurchase and retirement of equity interests: $169,000,000.00financing reconciliation → Payment of contingent consideration: $17,000,000.00financing reconciliation → Distributions to non-controlling interest holders: $2,000,000.00Net cash used in investing activities → investing reconciliation: $35,000,000.00investing reconciliation → Capital expenditures: $18,000,000.00investing reconciliation → Investment in tax advantaged limited partnerships: $17,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $150,000,000.00Net cash from operating activities → Cash sources and uses: $62,000,000.00Net cash from financing activities → Cash sources and uses: $135,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $312,000,000.00Cash sources and uses → Net cash used in investing activities: $35,000,000.00Net income: $150,000,000.00Net income+$150.00 MDepreciation and amortization: $50,000,000.00Depreciation & amortization+$50.00 MEquity-based compensation expense: $4,000,000.00Stock-based compensation+$4.00 MDeferred income tax expense: $7,000,000.00Deferred tax balances+$7.00 MOther: $4,000,000.00Other non-cash items+$4.00 M(Increase) decrease in receivables: -$184,000,000.00Receivables, net−$184.00 M(Increase) decrease in inventories: -$36,000,000.00Inventories−$36.00 M(Increase) decrease in other assets: $0.00Increase (decrease) in accounts payable: $0.00Increase (decrease) in accrued liabilities: $67,000,000.00Accrued liabilities+$67.00 MNet cash from operating activities: $62,000,000.00Operating cash+$62.00 MOperating adjustments reconciliation: $220,000,000.00Repurchase and retirement of equity interests: -$169,000,000.00Common stock repurchases−$169.00 MDistributions to non-controlling interest holders: -$2,000,000.00Paid to noncontrolling interests−$2.00 MPayments pursuant to Tax Receivable Agreements: $0.00Borrowings on asset-based revolving credit facility: $0.00Repayments on asset-based revolving credit facility: $0.00Issuance of long-term debt: $929,000,000.00Senior debt issued+$929.00 MRepayments of long-term debt: -$611,000,000.00Senior debt repaid−$611.00 MPayment of contingent consideration: -$17,000,000.00Debt issuance costs−$17.00 MOther: $5,000,000.00Other financing, net+$5.00 MNet cash from financing activities: $135,000,000.00Financing cash+$135.00 Mfinancing reconciliation: $934,000,000.00Capital expenditures: -$18,000,000.00Capital expenditures−$18.00 MInvestment in tax advantaged limited partnerships: -$17,000,000.00Tax-advantaged partnerships−$17.00 MOther: $0.00Net cash used in investing activities: -$35,000,000.00. Cash required to fund net payments.Investing cash−$35.00 Minvesting reconciliation: $35,000,000.00Cash sources and uses: $347,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $150,000,000.00Beginning cash$150.00 MEnding cash: Cash, cash equivalents, and restricted cash: $312,000,000.00Ending cash$312.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$44.00 MOperating cash − cash spent on productive assetsCash flow / Net income0.41×Operating cash flow ÷ net incomeNet cash change+$162.00 MEnding cash − beginning cash
Chart details

Core & Main, Inc. cash flow reconciliation, May 4, 2026 through Aug 2, 2026

Cash flows for May 4, 2026 through Aug 2, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: May 3, 2026. Ending cash: Aug 2, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on May 3, 2026
150,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
62,000,000 US dollars. Net cash provided.
Net income
150,000,000 US dollars
Depreciation and amortization
50,000,000 US dollars
Equity-based compensation expense
4,000,000 US dollars
Deferred income tax expense
7,000,000 US dollars
Other
4,000,000 US dollars
(Increase) decrease in receivables
negative 184,000,000 US dollars
(Increase) decrease in inventories
negative 36,000,000 US dollars
(Increase) decrease in other assets
0 US dollars
Increase (decrease) in accounts payable
0 US dollars
Increase (decrease) in accrued liabilities
67,000,000 US dollars
Investing activities
negative 35,000,000 US dollars. Net cash used.
Capital expenditures
negative 18,000,000 US dollars
Investment in tax advantaged limited partnerships
negative 17,000,000 US dollars
Other
0 US dollars
Financing activities
135,000,000 US dollars. Net cash provided.
Repurchase and retirement of equity interests
negative 169,000,000 US dollars
Distributions to non-controlling interest holders
negative 2,000,000 US dollars
Payments pursuant to Tax Receivable Agreements
0 US dollars
Borrowings on asset-based revolving credit facility
0 US dollars
Repayments on asset-based revolving credit facility
0 US dollars
Issuance of long-term debt
929,000,000 US dollars
Repayments of long-term debt
negative 611,000,000 US dollars
Payment of contingent consideration
negative 17,000,000 US dollars
Other
5,000,000 US dollars
Operating adjustment reconciliation
220,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
934,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
35,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Aug 2, 2026
312,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
347,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
162,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.41×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
62,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
18,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
44,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $62.00M of net income directly to operating cash and $88.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 62,000,000 US dollars minus 18,000,000 US dollars equals 44,000,000 US dollars.
Core & Main, Inc. (CNM) FY2026 Q2 Statement of Cash Flows Sankey chart
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