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 Westamerica Bancorporation (WABC) spend its free cash flow?

For TTM through Q1 2026, Westamerica Bancorporation generated $119M of operating cash flow and $116M of free cash flow — a free cash flow margin of 97% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Westamerica Bancorporation (WABC) return via buybacks and dividends?

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

Westamerica Bancorporation (WABC) Cash Flow Waterfall

Operating CF

$119M

Capex

-$3.57M

Free Cash Flow

$116M

FCF Margin

+97.0%

Cash flow waterfall for Westamerica Bancorporation (WABC) — TTM through Q1 2026

Free cash flow: $116M

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

Cash flow breakdown for Westamerica Bancorporation (WABC) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$119M	$119M
Capital Expenditure	-$3.57M	$116M
Free Cash Flow	$116M	$116M
Other Investing	-$204M	-$88.3M
Share Buybacks	-$137M	-$225M
Dividends Paid	-$46.5M	-$271M
Net Debt Change	$31.2M	-$240M
Other Financing & FX	-$90M	-$330M
Net Cash Decrease	-$330M	-$330M

Operating Cash Flow$119M
Capital Expenditure-$3.57M
Free Cash Flow$116M
Other Investing-$204M
Share Buybacks-$137M
Dividends Paid-$46.5M
Net Debt Change$31.2M
Other Financing & FX-$90M
Net Cash Decrease-$330M

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

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