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 Weyerhaeuser (WY) spend its free cash flow?

For TTM through Q1 2026, Weyerhaeuser generated $544M of operating cash flow and -$414M of free cash flow — a free cash flow margin of -76.1% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Weyerhaeuser (WY) return via buybacks and dividends?

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

Weyerhaeuser (WY) Cash Flow Waterfall

Operating CF

$544M

Capex

-$958M

Free Cash Flow

-$414M

FCF Margin

-76.1%

Cash flow waterfall for Weyerhaeuser (WY) — TTM through Q1 2026

Free cash flow: -$414M

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

Cash flow breakdown for Weyerhaeuser (WY) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$544M	$544M
Capital Expenditure	-$958M	-$414M
Free Cash Flow	-$414M	-$414M
Other Investing	$661M	$247M
Share Buybacks	-$145M	$102M
Dividends Paid	-$605M	-$503M
Net Debt Change	$248M	-$255M
Other Financing & FX	-$6M	-$261M
Net Cash Decrease	-$261M	-$261M

Operating Cash Flow$544M
Capital Expenditure-$958M
Free Cash Flow-$414M
Other Investing$661M
Share Buybacks-$145M
Dividends Paid-$605M
Net Debt Change$248M
Other Financing & FX-$6M
Net Cash Decrease-$261M

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

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Weyerhaeuser (WY) Key Financials

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Income Statement

Balance Sheet

Profitability

Operating Margin7.7%

Cash Flow

Capital Return

Forecast & Valuation

Operations

Employees9.5K

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