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 Cooper Companies (COO) spend its free cash flow?

For TTM through Q2 2026, Cooper Companies generated $953M of operating cash flow and $570M of free cash flow — a free cash flow margin of 59.8% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Cooper Companies (COO) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Cooper Companies's shareholder returns for TTM through Q2 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Cooper Companies (COO) Cash Flow Waterfall

Operating CF

$953M

Capex

-$383M

Free Cash Flow

$570M

FCF Margin

+59.8%

Cash flow waterfall for Cooper Companies (COO) — TTM through Q2 2026

Free cash flow: $570M

Cash flow breakdown for Cooper Companies (COO) — TTM through Q2 2026

Line item	Amount	Running total
Operating Cash Flow	$953M	$953M
Capital Expenditure	-$383M	$570M
Free Cash Flow	$570M	$570M
Other Investing	-$6.3M	$563M
Share Buybacks	-$358M	$206M
Net Debt Change	-$123M	$82.7M
Other Financing & FX	-$60M	$22.7M
Net Cash Increase	$22.7M	$22.7M

Operating Cash Flow$953M
Capital Expenditure-$383M
Free Cash Flow$570M
Other Investing-$6.3M
Share Buybacks-$358M
Net Debt Change-$123M
Other Financing & FX-$60M
Net Cash Increase$22.7M

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

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