Argan, Inc.
S&P 600
Cash Flow
Cash Flow Breakdown
Figures in US$OperatingInvestingFinancing
How to read this: the three bars show where cash moved each year. Operating is cash from the core business (you generally want this positive and growing). Investing is usually negative — money spent on assets or acquisitions. Financing shows money raised from, or returned to, lenders and shareholders. Bars above the line are cash in; bars below are cash out.
Operating Cash Flow vs Capex
Figures in US$Operating Cash FlowCapital Expenditure
How to read this: operating cash flow is the cash the business generated; capital expenditure is what it spent on long-term assets like plant and equipment. The gap between them is roughly free cash flow — the cash left over. A wide gap (operating well above capex) means the business funds its investment comfortably from its own earnings.
| Period | Operating Cash Flow | Investing Cash Flow | Financing Cash Flow | Capital Expenditure |
|---|---|---|---|---|
| FY2015 | $93.33M | $-3.55M | $-28.30M | $2.94M |
| FY2016 | $-33.03M | $-130.54M | $-8.65M | $3.12M |
| FY2017 | $259.04M | $-243.81M | $-8.86M | $2.81M |
| FY2018 | $-72.79M | $38.67M | $-13.62M | $4.83M |
| FY2019 | $-112.32M | $170.63M | $-15.54M | $8.60M |
| FY2020 | $53.57M | $-36.06M | $-13.99M | $7.06M |
| FY2021 | $176.01M | $66.97M | $-45.41M | $1.70M |
| FY2022 | $28.42M | $-7.04M | $-34.61M | $1.42M |
| FY2023 | $-30.06M | $-63.12M | $-82.80M | $3.37M |
| FY2024 | $116.86M | $-67.61M | $-26.05M | $2.76M |
| FY2025 | $167.58M | $-193.62M | $-26.06M | $6.58M |
| FY2026 | $414.72M | $-182.02M | $-42.59M | $3.88M |
Figures in USD. Educational data only.
Understanding these terms
Plain-English explanations of each figure in the table above, and what a beginner typically looks at. These are educational descriptions only, not advice.
- Operating Cash Flow
- Cash produced by the company's core operations during the period. The US equivalent of "Cash from Operating Activity".How a beginner reads it: A beginner uses this as a reality check on profit, since it reflects cash actually collected. Healthy, consistent operating cash flow underpins a company's ability to invest and repay debt.
- Investing Cash Flow
- Cash used for or generated by buying and selling long-term assets and investments. The US equivalent of "Cash from Investing Activity".How a beginner reads it: A beginner expects this to be negative for companies investing in growth. Reading it next to operating cash flow shows whether the business funds its investments from its own earnings.
- Financing Cash Flow
- Cash flows with lenders and shareholders — borrowing, repaying, issuing shares, buybacks, and dividends. The US equivalent of "Cash from Financing Activity".How a beginner reads it: A beginner reads this to understand whether the company is taking in money (borrowing/issuing) or paying it out (repaying/dividends), and how that fits the operating picture.
- Capital Expenditure
- Money spent on buying or upgrading long-lived assets like plant, equipment, and buildings. Often shortened to "capex".How a beginner reads it: A beginner reads capex against operating cash flow to see whether a company funds its investment from its own earnings. Operating cash flow minus capex is roughly free cash flow.