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 Insulet (PODD) spend its free cash flow?

For TTM through Q1 2026, Insulet generated $619M of operating cash flow and $412M of free cash flow — a free cash flow margin of 66.6% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Insulet (PODD) return via buybacks and dividends?

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

Insulet (PODD) Cash Flow Waterfall

Operating CF

$619M

Capex

-$207M

Free Cash Flow

$412M

FCF Margin

+66.6%

Cash flow waterfall for Insulet (PODD) — TTM through Q1 2026

Free cash flow: $412M

Cash flow breakdown for Insulet (PODD) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$619M	$619M
Capital Expenditure	-$207M	$412M
Free Cash Flow	$412M	$412M
Other Investing	-$27.6M	$385M
Share Buybacks	-$360M	$25M
Net Debt Change	-$986M	-$961M
Other Financing & FX	$158M	-$803M
Net Cash Decrease	-$803M	-$803M

Operating Cash Flow$619M
Capital Expenditure-$207M
Free Cash Flow$412M
Other Investing-$27.6M
Share Buybacks-$360M
Net Debt Change-$986M
Other Financing & FX$158M
Net Cash Decrease-$803M

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

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Buybacks2.45% TTM

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