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 IDEX (IEX) spend its free cash flow?

For TTM through Q1 2026, IDEX generated $678M of operating cash flow and $611M of free cash flow — a free cash flow margin of 90.1% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did IDEX (IEX) return via buybacks and dividends?

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

IDEX (IEX) Cash Flow Waterfall

Operating CF

$678M

Capex

-$67M

Free Cash Flow

$611M

FCF Margin

+90.1%

Cash flow waterfall for IDEX (IEX) — TTM through Q1 2026

Free cash flow: $611M

Cash flow breakdown for IDEX (IEX) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$678M	$678M
Capital Expenditure	-$67M	$611M
Free Cash Flow	$611M	$611M
Acquisitions	-$80.4M	$531M
Other Investing	-$600K	$530M
Share Buybacks	-$274M	$256M
Dividends Paid	-$213M	$43.3M
Net Debt Change	-$129M	-$85.4M
Other Financing	$47.7M	-$37.7M
Forex Effect	$17.3M	-$20.4M
Net Cash Decrease	-$20.4M	-$20.4M

Operating Cash Flow$678M
Capital Expenditure-$67M
Free Cash Flow$611M
Acquisitions-$80.4M
Other Investing-$600K
Share Buybacks-$274M
Dividends Paid-$213M
Net Debt Change-$129M
Other Financing$47.7M
Forex Effect$17.3M
Net Cash Decrease-$20.4M

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

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