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 Tootsie Roll Industries (TR) spend its free cash flow?

For TTM through Q1 2026, Tootsie Roll Industries generated $139M of operating cash flow and $98.9M of free cash flow — a free cash flow margin of 71.4% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Tootsie Roll Industries (TR) return via buybacks and dividends?

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

Tootsie Roll Industries (TR) Cash Flow Waterfall

Operating CF

$139M

Capex

-$39.6M

Free Cash Flow

$98.9M

FCF Margin

+71.4%

Cash flow waterfall for Tootsie Roll Industries (TR) — TTM through Q1 2026

Free cash flow: $98.9M

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

Cash flow breakdown for Tootsie Roll Industries (TR) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$139M	$139M
Capital Expenditure	-$39.6M	$98.9M
Free Cash Flow	$98.9M	$98.9M
Other Investing	-$79.7M	$19.2M
Dividends Paid	-$26.4M	-$7.19M
Other Financing & FX	$730K	-$6.46M
Net Cash Decrease	-$6.46M	-$6.46M

Operating Cash Flow$139M
Capital Expenditure-$39.6M
Free Cash Flow$98.9M
Other Investing-$79.7M
Dividends Paid-$26.4M
Other Financing & FX$730K
Net Cash Decrease-$6.46M

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

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