Allegiant Travel Company
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 |
|---|---|---|---|---|
| FY2014 | $269.78M | $-315.25M | $37.37M | $279.42M |
| FY2015 | $365.37M | $-234.22M | $-133.65M | $252.69M |
| FY2016 | $348.15M | $-401.84M | $32.58M | $199.74M |
| FY2017 | $390.67M | $-618.52M | $222.13M | $580.25M |
| FY2018 | $356.61M | $-268.98M | $-62.36M | $334.77M |
| FY2019 | $442.21M | $-476.46M | $75.13M | $506.85M |
| FY2020 | $234.62M | $-365.69M | $164.60M | $281.16M |
| FY2021 | $538.19M | $-593.28M | $285.47M | $243.61M |
| FY2022 | $303.05M | $-491.42M | $33.12M | $434.69M |
| FY2023 | $423.09M | $-721.88M | $212.92M | $528.32M |
| FY2024 | $338.46M | $5.58M | $-201.30M | $300.15M |
| FY2025 | $389.77M | $-220.43M | $-280.90M | $314.66M |
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.