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 Science Applications International (SAIC) spend its free cash flow?

For TTM through Q2 2026, Science Applications International generated $636M of operating cash flow and $603M of free cash flow — a free cash flow margin of 94.8% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Science Applications International (SAIC) return via buybacks and dividends?

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

Science Applications International (SAIC) Cash Flow Waterfall

Operating CF

$636M

Capex

-$33M

Free Cash Flow

$603M

FCF Margin

+94.8%

Cash flow waterfall for Science Applications International (SAIC) — TTM through Q2 2026

Free cash flow: $603M

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Science Applications International (SAIC) — TTM through Q2 2026

Line item	Amount	Running total
Operating Cash Flow	$636M	$636M
Capital Expenditure	-$33M	$603M
Free Cash Flow	$603M	$603M
Other Investing	-$199M	$404M
Share Buybacks	-$491M	-$87M
Dividends Paid	-$68M	-$155M
Net Debt Change	$209M	$54M
Other Financing & FX	$8M	$62M
Net Cash Increase	$62M	$62M

Operating Cash Flow$636M
Capital Expenditure-$33M
Free Cash Flow$603M
Other Investing-$199M
Share Buybacks-$491M
Dividends Paid-$68M
Net Debt Change$209M
Other Financing & FX$8M
Net Cash Increase$62M

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

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