Quad/Graphics Cash Flow 2011-2024 | QUAD

	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Operating Cash Flow	136 M	190 M	156 M	261 M	344 M	354 M	348 M	293 M	441 M	354 M	371 M
Depreciation & Amortization	126 M	142 M	165 M	180 M	200 M	226 M	246 M	260 M	270 M	272 M	279 M
Accounts Payables	367 M	320 M	417 M	511 M	382 M	324 M	359 M	407 M	401 M	286 M	302 M
Accounts Receivables	362 M	399 M	456 M	529 M	552 M	564 M	649 M	766 M	699 M	585 M	656 M
Total Inventories	226 M	170 M	210 M	301 M	246 M	265 M	280 M	288 M	272 M	243 M	250 M

	2024-Q1	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
Operating Cash Flow	-52.2 M	-	-	-50.6 M	-	-30.3 M	-	-16.9 M	-	22.1 M	-	72.9 M	-	107 M	67.2 M	44.7 M	-	4.1 M	16.3 M	-58.6 M	-	46.6 M	40.5 M	2.2 M	-	180 M	112 M	63.3 M	-	260 M	220 M	113 M	-	179 M	123 M	64.2 M	-	74.8 M	78.9 M	33 M	-	219 M	217 M	121 M	-	232 M	170 M	111 M	-	163 M	117 M	36.7 M
Depreciation & Amortization	28.6 M	-	-	33.7 M	-	107 M	-	36.5 M	-	119 M	31.2 M	32.8 M	-	35.2 M	36.8 M	37.5 M	-	41.3 M	41.6 M	42.6 M	-	44 M	50.1 M	50.4 M	-	53.7 M	53.9 M	54.2 M	-	57 M	56.3 M	58 M	-	60.2 M	62.9 M	62.2 M	-	64.4 M	66.1 M	64.9 M	-	64.5 M	70.1 M	71.5 M	-	66.8 M	68.3 M	67.8 M	-	68.1 M	67 M	71.2 M
Accounts Payables	360 M	412 M	359 M	406 M	457 M	446 M	-	396 M	367 M	341 M	314 M	330 M	320 M	320 M	320 M	320 M	417 M	417 M	417 M	417 M	496 M	496 M	511 M	511 M	382 M	382 M	382 M	382 M	324 M	324 M	324 M	324 M	359 M	359 M	359 M	359 M	407 M	407 M	407 M	407 M	401 M	401 M	401 M	401 M	286 M	286 M	286 M	286 M	302 M	302 M	302 M	302 M
Accounts Receivables	303 M	348 M	318 M	349 M	373 M	399 M	-	342 M	362 M	392 M	324 M	340 M	399 M	399 M	399 M	399 M	456 M	456 M	456 M	456 M	498 M	498 M	529 M	529 M	552 M	552 M	552 M	552 M	564 M	564 M	564 M	564 M	649 M	649 M	649 M	649 M	766 M	766 M	766 M	766 M	699 M	699 M	699 M	699 M	585 M	585 M	585 M	585 M	656 M	656 M	656 M	656 M
Total Inventories	181 M	234 M	201 M	239 M	261 M	323 M	-	249 M	226 M	241 M	169 M	162 M	170 M	170 M	170 M	170 M	210 M	210 M	210 M	210 M	279 M	279 M	301 M	301 M	246 M	246 M	246 M	246 M	265 M	265 M	265 M	265 M	280 M	280 M	280 M	280 M	288 M	288 M	288 M	288 M	272 M	272 M	272 M	272 M	243 M	243 M	243 M	243 M	250 M	250 M	250 M	250 M