What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Ameriprise Financial (AMP) spend its free cash flow?

For TTM through Q1 2026, Ameriprise Financial generated $1.67B of operating cash flow and $1.67B of free cash flow — a free cash flow margin of 100.4% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Ameriprise Financial (AMP) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Ameriprise Financial's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Ameriprise Financial (AMP) Cash Flow Waterfall

Operating CF

$1.67B

Capex

$7M

Free Cash Flow

$1.67B

FCF Margin

+100.4%

Cash flow waterfall for Ameriprise Financial (AMP) — TTM through Q1 2026

Free cash flow: $1.67B

Cash flow breakdown for Ameriprise Financial (AMP) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$1.67B	$1.67B
Capital Expenditure	$7M	$1.67B
Free Cash Flow	$1.67B	$1.67B
Acquisitions	$173M	$1.85B
Other Investing	$242M	$2.09B
Share Buybacks	-$2.27B	-$183M
Dividends Paid	-$3.03B	-$3.21B
Net Debt Change	-$1.3B	-$4.51B
Other Financing & FX	$3.44B	-$1.08B
Net Cash Decrease	-$1.08B	-$1.08B

Operating Cash Flow$1.67B
Capital Expenditure$7M
Free Cash Flow$1.67B
Acquisitions$173M
Other Investing$242M
Share Buybacks-$2.27B
Dividends Paid-$3.03B
Net Debt Change-$1.3B
Other Financing & FX$3.44B
Net Cash Decrease-$1.08B

Want to see what drove the FCF change?Free Cash Flow Bridge

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